Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1843-12-06

established the important principle, that
suspension of specie payments is sufficient
cause for the forfeiture of their charters
can scarcely suppose that il was The IN
tentlon or desire oflhe Stale 10 punish the
Banks for past offences. by The Act refer
red 10, hut simply TO provide against future
SUSPENSIONS. Nor can they he thought
worthy of punishment for appealing to The
Judiciary, as they certainly had the right
TO do, to decide question Of vital conse-
quence to hem aud 10 the counlry. Hav-
ing obtained decisive aud important vic
tory, it appears to ME that it would NOT
only he magnanmous, but wise, 10 lorglve
The past. and look only to the future. |
took the responsibility ofinstructing tie
Attorney General and the Solicitors no' TO
press the suits against the Banks TO trial at
the fall term of the Common Pleas. for The
purpose of leaving you free to take such a
course as you might deem most consistent
with the dignity and Interest Of the Stale.
lsuggest TO you the propriely of repeating
the Acl of 1910, and passing a new one,
founded on he decision of the Court Of
Errors, declaring that any future susPen-
sion Of specie payments shall cause the
forfeiture of the charter of the suspending
Bank, and requiring the Executive, in all
such cases, Immediately tc institute procee-
diugs for thai purpose. The Act of lo40
is TOO induisent to The Banks, in permit
ting Them to suspend on payment OF fri
fling peualry; and as TO the monthly re-
turns which irequires. experience has ev-
cry where proved that they are worse than
useless. lhave recently received commu
nications from the Bank Of South Caroi-
ma and the State Bank, notifying me that
they would no longer contest the validity
of This Act, and asking 10 be allowed to
conform ioi It's prnvsinn. lrefer the matter
10 your consideration.
have received, and transmit TO you, a
communication from the Hon. Baylis
J Earle. resigning his seat upon The
Bench, in consequence ofill hral,h.-l1ls
r tire : EN- from station which he has fiji.
lei with such eminent ability, is "A seri"us
public loss, aud the cause oft source of
deep regret
transmit to you Resolutions on various
subjects, from number nfour sister Stales,
and also lerers referring 10 documents re-
ceived from The Federal Government |
need not .nggesI 10 you to give them re
spectfu consideration.
II has been ru,npred, and some remarks
uf the English Minister for Foreign affairs
in The House of Lords having given coun
tenance to The runor, thai a Treaty is on
foot. between Great Britian and Texas,
bv which lhe former is TO bind herself TO
guaranty the independence of Texas. on
condition nf the abolition Of Slavery in
that country. Our most vital interests
would he involved in such Trea'y. 1t is
scarcely possible that Texas can make a
compact so absolutely suicidal. The true
interests of Texas, and Of This cOnntry, de-
mand that she should be annexed 10 this
Union; and it is To he hoped that ere lnns
this will he done. lfilis not, The Federal
Government should resist the ratification
of any such Treaty with Great 9riian, as
IN aggression upon the Unilcd S'ales.-
Possessed of G rnada, aud the Wes' Indies,
Claiming Oregon. seeking to obtain
foo,hold in Texas, and looking with COW
e,ous eye to Cuba, This great Naval Power
is evidently aiming TO encirle US in her
arms. We should not, perhaps, permit
ourselves to doubt. Al this time, that Texas
cannon he so blind to her own welfare as 10
make a treaty stpu'aiine foI the abolition
of slavery, not the Federal Government
in such an event would fail to assert The
rights aud dignity Of the United States.
Bui an expression of your opinnn on the
annexation of Texas 10 the Union, might
not be improper.
have in the discharge my duty. 81
ven YOU the best inforualio; ! possess Of
The cnudti,u ofthe Stale, and recnmmen
ded to your consideration such measures
as | deem necessary aud expedient 1t
remains for your better Judgment TO ap-
prove or disapprove. May The Grra' Ru.
Ier of the Universe, who alone is Wise and
Perfect, so influence YOUR deliberations,
rha, whatever you do may redound to the
welfare and honor Of our country.
J. II. HAMMOND.