The Arkansas banner., 1844-04-10

ble. Without reference to various others which might be adduced, both from the Con stltuton, and considerations of policy. 1t in- evitably follows that this protection, so much advocated by the whig party, is an iniquit- ous exactlon-a fraud upon the producers of the unprotected articles, because it draws from them, without equivalent. that which It bestows on the producers of the protected articles as a bounty.
 In regard to the Banking system, many well meaning men have been induced to believe that it's introduction or revival would relieve the country of pecuniary distress. Now, in our opinion, if 1t be even possible to extend our credit, 1t cannot be desirable; because, II done at all, It must be at such cost as to rum the country again, as 1t has done here toiore. Capitalists will not take stock in banking institutions, unless they can receive as much profit from such investment as pri- vate loans would yield and the failure ofthe Scotch banks, which were based on indivd- ua responsibility, shews this system affords no security to the public against loss. Ex- pansions and contraetons, suspensions and assumptions, failures and swndling, are in- herent vices in the system. The price of onr surplus produce, in foreign market. and not the amount of bank facilities, will deter mine its price at home. Borrowing from one man, or bank, to pay another, does not dis charge the debt-it only changes its form,
 RcSolred-That we disapprove, denounce and repudiate the measures of the British Federal-Whig party, proposed or'adopted at the extra-session of Congress in 1841-un- der the dictation of Henry Clay. That those measures-consisting of a National Bank, the Distribution of the proceeds of the sales of the Public Lands, and the odious and uncon- stltutlonal Bank-rupt Law, deserve the oppo- sition and execration of every patriot
 Resoteed-That we are uneompromising- y opposed to the assumption of the debts of the several States, by the general Govern ment,-a measure which the British Whg party have dearly at heart, and would adopt at once if they had the power
 RcSoieed-That we consider the establish- ment of Clay Clubs, to take the obligations of individuals to vote for Henry Clay and his train band of office seekers, as gross insult to the dignity of man, and foul encroach- ment upon the elective franchise-and there fore as unworthy of any party in republi- can government, and disgrace to the coun- try.
 The foregoing preamble and Resolutions. were proposed to the meeting, and adopted
 Then Jas. B. Logan and J John Bruton, Esas. were appointed delegates to represent Pope County, in the Democratic State Convention proposed to be held at Little Rock on the 3rd Monday in April next and J. s. Hayden, s. NJ. Hays, Thos. Russell, Jno. Rowland, Isaac Brown, Wm. Reasoner, and Samuel. Nor ris, were added to the first named delegates
 On motion of John Williamson Esq-Re- sofued-That we, County Convention of Pope County, invite the Democrats of,Y ell county to meet delegates from the several Townships of Pope county, at Norristown, on the first Saturday in May next, for the purpose of selecting Candidate to represent the district, composed of the two counties, i'll the Senate of the next Legislature and that Thomas Russell, Jas B. Logan, and Jesse s. Hayden be committee to inform the Democrats of Yell county cf the pro posed meeting.
 ResoIUed-That the Chairman and Secre- tary sign these proceedings, and forward a copy of then, to the Editor of the Arkansas Banner, for publication; with the request that the Helena Journal and Arkansas Intel ligencer will copy.
 The meeting then adjourned, to assemble again at N Norrstown, on the first Saturday in May next, to nominate candidates for the State Legislature, where Yell county is re- spectfully invited to unite with us, in select ing candidate for the Senate
 BENJAMIN LANGFORD. CA'a. J. LoGAN, SeelY.