Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-06-10

substance but We understand that generally that stock
has been hypnthecaed and the sellers, through the
means proxies, continue to control the stock There
IS altogether about 1000 shares hypohecated to charter
ed companies and if that hypothecaed stock is allow.
ed 10 he voted upon and il the proxies thereof should
vote the ticket made By the sharing of spoils drec
tors, IL would be doubtful whether the bonn fds stock
holders would succeed in their endeavor retrieve
the affairs of the Bank. They ought, and all, at
tend IN body the election hich takes place on Mon
day, June 9th, at IL o'clock, and be particular to
be there before the ime to be satisfied that the
election is conducted fairly and defeated, they ought
on The spot agree to adopt at once prompt measures
to protect what remains Of their property and thereby
avoid the fate of the stockholders Of the Commercial
Bank, of the Lafayette Bank, and in word, Of
all the banks that pay dividends, if allowed TO go
on with the directors that have forfeited public
confidence
"The Auburn and Rochester Railroad have declared
dividend Of per cent, semi-annua payable at the
Bank of the State of New York, July lst
"The Governor of Illinois has appointed Major J.
Judy and Gen s. Whitesides of Madison, Gen. Ewing
OF Montgomery, and WIN. Carlin of Green counties,
as agents for the selection of the lands granted by Con-
gress 10 that State, under the Distribution law There
remains be located make up the quantity Of $780,
600 acres, only PIC 600 in tracts Of 800 acres each
ave have received the message of Henry Hubbard,
Governor of the State Of New Hampshire TO the eg's-
lature of that State. il is an admirable document
and adheres strictly to those great Republican prIncl
pies which are The foundation oil our institutions Al
ter logically and clearly exposing the unconstilution
atty of the distribution Of the public lands he remarks
as .ollnwf:
"reving cunscrniolsly do, that such power
exists III either that ls Of the public lands bu
portions of the pubc and b, applied Tor
the the that revenue
rived rtm npDSs ramnot IN the performance of the high ana
Responsible iuty which cvoves npun fat recommend I"
The legislature authority Tor receiving into our Ircsr!
tie money assigned Ia New Hampshire according 10 the terms
of tie distributing the proceeds 1T the sales 81 the pnhIc
land. The so'd ilr effect Of such proceeding
hc 10 the public Treasury this portion Of the public rtte
The satisfaction Of having done driy III
preycnn. much uf the pGbc muney from being withdraw
from the public USE"
The Committee of Ways and Means of the House of
Representatives., have made another report the tariff,
of purely protective nature. The gentlemen compos-
Ing The committee alessrs. Fillmore of New York,
Bolts of Virginia, Mason Of Ohio, Wallace Of Indiana,
Marshall Of Kentucky Joseph r. ngers"ll of Pennsyl
vana, Jones of Virginia, Atherton Of New Hampshire,
and Lewis of Alabama.
"These gentlemen have come forward with BILL on
which hangs the commercial prosperity OF l7,0O0,G00
Of people, seemingly without any correct sense Of tie
vast Importance Of the matter committed To their charge.
How much reflection they have all bestowed upon the
matter, we, OF course cannot determine but who
is travelling the country, lecuring upon temperance,
at the same moment that the bill is in preparation,
not have done much towards inspiring public conf
dence in the bill. TIE leading features Of the bill
compared with The proposition Of the Secretary as
follows: The latter proposed 10 retain the public lands
in the treasury aud the former TO persist in giving it
away.