Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-02-02
RICHMOND DAILY WING.
THURSDAY MORNING. FEBRUARY :. isas.
Per.snal R.ronsibiliig Of C0rporators.

Personal Rs.poasibilify Of CorporatOrs
Ono OF the methods OF attacking Banking employed b
the Loco tocos contend Tor the justice at personal IL
sponsibhty in the Corpouotstia H. that the Sioekho
dcr IT Bank for example, shall be responsible To the who
OF their private for the liabilities Of the Bank
and this principle they propose nuduce into all cOrPo
ptions without exception.
This docrncc induced To think is ultimately q
overthrow Banking the L. States; ior prevails II ter
inmates the possibility OF getting Bank Stock taken
and it plausible, and addresses itself strongly sla
eious may be- the natural OF justice" that
feel conviction il will long be resisted by the masses
DemSgugucs 80 before the People aud say 'he owners
Banks ENJOY erelHsr, privileges which denied TO YOU
and YOU, and all They empowered to issue pre-
nisSory the form obank paper, three times the
amount OF the money they have actusly paid IN and upon
this psper they making. without effort industry,
per while the hard working clase make iarirsS upon
their capital. Il would be criminal do l. this
"nghti Is it Republican l. it Constitutional Again
" II their banks fail by Encouragement speculation
" or fraud who has the loss hear We've thv People
Tiey enjoy the prilcecrse doomed bear the los
" snd the ruin Let siieast IT eNrste bank
ing snd prevent the odou Prsoicc ii exclusive privileges
ems Republic. protect ourselves and the country from III,
suffering which NAV, snj often does follow the ahusc Ut
these exclusive privileges. Let make the privileged
responsible for the loses their privileges may Let
u MAKE responsible their private sopotg for the
debts iheir Institutions They realise pecuniary bene.
fits from ther privileges it bnt Just that they should be
held individually accountable for the jebt+thsy
This will be the u the Demagogue argument and
there be got iosccrn quarter OF the L. States
prJmscuous sSecmb!sse Of 500 men that would be
carried away by hs sprcousncss Of te reasoning Had
the LoCotooo party been sincerely ihsir proe-
hostility the Banking System and their purpose
OF hsiuE down. here mode OF attack which could
have failed prove iuesslble and here agu.
~heh would have swept the oi eNsr political
- -.
have dcclaim,i against the Bank. vehrnsntly. It IS
tras but uoyh the wish hurt hair OF their heads
They have never designed 10 overthrow the sy,tem.-
Finding Bsnks odous the general community, they have
awaited IhCmselSss Of the circumstances advance
party schemes and climb power. Possessed OF ali
soute power almost every Stats they have where
exercised their bloody threats against the
Banks They have ever where, the contrary proved
aduFsni the banks could wish relieving them 81 oil
the penalties they had incurred and ehhgng then py
and immuniues. Th'y themselves have furnished the
world the rreiraEabls proof OF the tasv
which hry have dealt with the People, and Of the iASlnce
n,y and hoovne-s OF ihe professions. Ia the soaRis
they breathe nothing but fury and vengeance Sgansi rhr
Banks-agaius all Banks. They here, or 60 Tie
other oi ir State Governments and mild
sucking doves. They extremely happy borrow
ssla,,ey the money Of the Bank and IN return they
prove ,neu and eondesccndlng ll Banks could ps
-,by requ"-dtnying them favor ~hic those instn.
lions deem, itior t' public good To- ash
II u perhaps well ioT the country that should Ice
We DO o,cl the indulgence which the ocotoco L.
gsairz every here extend the Banks Whate Objects
the hypSccy caHtanj huGibuggery winch ~, have
displayed tine subject ui hun-ti-ir professions OF
bank hating always dprov,d by their acsrhcir threats Of
annhiation transmitted Kindness and patron
age when they have ihe power Of executing thcn Let
them their slang aainst tie banks and confess Them
selves what their deeds prove thema much bank party
- any other an ic Unioa.
There - exception. and only one, !, the universal
Of this conclusion. I, l. furnished by the Loco
party in tie Legislature Of Ohio. They seem sincere
and wrong their Objects, respect even error
when sincere. There, the Iocoloco, have not only re-
fused the charters OF ten expiring Banks hut obey
manifest firm purpose OF Breaking down tho whole system
To this ultimate end they have introduced tie doctrine of
psrsOSal responsibility and propose through all
corporations whatever. THEY have discovered that this is
the weak pointhai here Tic ladders may be- planted and
the wall scaed-and with yigHT, coed faith and yaor
which put shame the wordy ard the real coward
ice Of ,cofocoism in other quarters they are resoutcy
proceeding "a storm - banking this comparative
" dceuc,cs= point We cannot sayNe not prepared
say vicious deem the banking system Of this coun.
tn, and rnblc the evils has brought IN IT. train
that ,s them succcss-bui least say Tint W
honor the sincerity which Is established by work. much
the wing domagoism, which, in this region
pTor-cs obcsts which has neither the he
with To- attempt to accomplish.
The attempt introduce the principle oi PERSONAL res
pon-b, int, corporations, ma. led t, somewhat curiou,
n,eude ia the Ohio Legislature. The Rev Mr. Springer
editor Of the Western Recorder, religious paper, pub
shod ,Ianes,i.e, having protested against lu application
OF tr principle OF personal responsibility" 10 religion.
corporations, himself aud h- polc.t,uous were u- han
died by MeNiy aud Byisgfoa tnc ami Bank leaders IL
the Ohio House OF Representative.
"Nr NcNuty msde some inquiries IN reference 10 ia,
character a the paper alluded a., Iic cared n.t,ns 4,
the slang the l-ga Of Cod IN, was its editor an,
HhO- press the poutcd OF suy o.! the party q
which % belonged Jesus Christ when upon earth did no
ash or On act Of Incorporation Tor the dissemination Of m
doctrines. neither did lis followers require the
pnncey palace for that purpose. the eAp.n-e of the me
chanc and Tor the pnnicr II the people. lie would soon
see tie pTpgres. 1t religion arrested t1n Weld up tia
ptinop pie Of individual liability. IL 30 obstacle u IL,
formation at religious -ci'tr where -cpudrellsm no
contemplated, and b. believed the reverend brnyy,r &
~npm he had relsucd. fully 81 b. lie 7hOu,
not suer himself 60 be influenced 10 his this sub
sct by any suggestions which might com. from -ucl
source"
Nj BynPtnn said hath here tu carry out 10 TN
fullest extent e principle 81 individual lilhiU-tD breal
down that old relic Of harbansn nnd rascny, which
ier- exclusive privilege. re-a Of people Tor th. pnrpos
u enabling h.ri 90 carry "ut their schemes Of v,iuy.
lie had word ~ tus reverend b!lc kuard fhe E
i,r " no Iane-,ii, Recori.I hD hos consented 70 ene
The political LETS and dictate iu our legislative scto
tins gereEt Of" lhe Lprd je-us Christ who had claim
ASKING
gous -nceue- be- exempted from ls liabilities which a;tsc
y every private citizen. lie considered this No tha
premsduted and concerted scpundresm and the indyidus
taking such ground, h,pU,lte who was "Wesrng u
h'eu"s Of the court ui heaven co. the devil an"
From what SIC can sl'h,f me People ot Dino sre muc
inclined 60 st,in ih' principle Of personal rs-pof
Ubihy" Tor corporate aet.-and much inclined
view itas doctrine which, destined &, spread and hna
q bnng shout = n,H world
.-..-..
II whofr were ihs MsIcuys "barbed" dart. when !
lstO, Won Bufsui.m wss umpering with Abolidonism
evidently nov va, Calhoun 10 Idol, was not III,
n thr way 10 be hurt y smpsnng thcn rather "enufsd
20 hf benefit Tor be then thought hi. interest TO -uppo
VIZ Van Buren,
Aaotho Aoh Slay.fy Cia,m 10 ne P.Ssdsosy puf to
,rard 10, liaffn van BHren.
I' doe ptosoubed Democrats Vt toe South read tie lo
lowing. lt part oi I' same yerdiyu- tactics, whic
we have noted DO ii, demonstrations 81 thc New Yor
Esomng Posf, and Rochester ddrsJfisey W. have NJ
done with thi' moticr n Mr. Vas BruEs wire pulo