Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-01-07
Bank Worement al Raleigh.

The unanimous proposition of the private Stockholders
OF the State Bank OF North Carolina, surrender their
charter with the Of the Legislature is very
pregnant
That Bank has borne the reputation Of being particularly
well governed, and its actual condition is represented as
hourishing for the times.
TrO causes have undoubtedly led the adoption of the
embraced. l. The experience of popular hostility
TO Banks j The apprehension for the future, Of the ef.
fleets of that hostility This he sty has already extremely
restricted the profits OF banking and infused distrst of
their soency and it is likely go on in its warfare upon
the system, until is radically modified or wholly subyerted
We say nothing Of the right the wrong Of that impln
cable dislike Of the Banking System which has seized upon
so large portion Of the American People. Much might
be said to extenune it, in view Of the caamtes which
those institutions always expanding their pros
porous times and inducing ard stimulating speculation and
extravaganza and always contracting them and grinding
their debtors when the times arc reversed have contributed
so largely especially the Pets bring upon the country
much might be urged 10 show the folly Of Judging thing
by abuses, Of condemning principle because it has
been impeHocty tried, and infuficcnty tested
We only deduce this inference from the proceed
ing at Raleigh that Locoocoism need be in hurry to
disgrace the country by annuing Charters and diyestine
vested Rights great proportion Of tie Banks will do the
work for them, by voluntary surrender Of privileges which
have ceased to be beneficial.
When speak Of the custom Of Banks, Of expanding
others, reflection upon those who direct those
institutions. The fact undoubtedly; but il is the ne
eetsnry effect OF causes beyond their control.
From he Raleigh Register of Tuesday
HIGHLY IMPORTANT TO THE PEOPLE
The annual General Meeting Of the Stakeholder Of the
Bank Of the State Of North Carolina took place Yesterday
and continued 20 late hour. There larger repre-
atOn Of stock in attendance, than recoect have seen
on any former occasion The meeting organized by
calling Gen. Samuel f. Patterson the Chair and the np
poinment Of W. X. Gales, Secretary. The following
Resolutions, submitted By Judge Cameron, were unanimous
" adopted by the Stakeholder
"Resolrsd unanimously, BY the individual stockhold.
err Of the bank Of the State Of ~ Carolina that II IL be the
pleasure Of the General Assembly Of the State Of ~ Carolina
% instruct the Representative Of the State in the General
meeting Of the Stockholders Of said Bank propose the
adoption Of such measures may be necessary for closing
the business Of said Bank and dividing the Capital Stool
among the Propretor thereof, early day is con.
Hstcnt with the security Of the debts and reasonable indu
Rcncc to the debtor OF the Bank they will concur therein
"Hes0irSd That copy ol The foregoing Resolution be
Transmitted ~ the Chairman Of this meeting 10 hs Excel.
cncy, the Governor Of the State, with n request that he
communicate the 10 the Legislature aud also Inform
that body that this meeting will be continued open from
day 10 day. by adjournment"
We wish the whole People Of North Carolina could have
heard the remarks, made this OCCASION BY Judge Came
ron, the President Of the Bank They would have carried
conviction 70 tho minds Of ALL they did the minds Of
the Stockholders present that the indicated by the
resolutions, is The only which, those Interested IN The
Institutions pursue, consistently with the solffcspoc
they owe thcn-c'cs aud with prudent administration
~ Affairs And while this effect would have been produ.
ccd no onc-nOt oven the most furious An-Bank IN
The community, could have taken the slightest offence III
any remark which fell from him. Dost ably and eloquent
" was b, ustgiu too, by Mcs Badger and II. Bryan
and by other gentlemen, 90 less length We glad that
We shnIl have " IN power 20 lay before the public
sketches Of these speeches, and thus cnsbo the Stockho
de sPeuk for themselves, o. 70 their motives Of acon