Mobile register and journal., 1845-01-04
Correspondence of the Register aud Journal.

| TUscALoosA, Saturday, Dec. 2s. l On yesterday Judge Poaey, Senator from Lauder.
 ale, brought before the Senate x proposition of the mos, move charaeler-to provide for tls transfer the assets of rhe State Bank and Branches, Co a company. which in consideration of its transfer, a- gree to pay tho debts and liabilities of the State
 There seems to be .sr'eus intention 10 press this matter upon the present General Assembly, but mere. to submit the idea to the peope, for future inves- tignlion. Judge Posey is earnest aad sunguine in his elief that great ultimate benefit to the people would result from this sch ne. Great re spect is due to the opinions of this gentleman, upon subjects of hnance and banking. Years ago he warned the peo- pie against the evils and corruption, which were in- herent in the State Bank system. and he entered protect against the reei law of 1887, which in pro- phetic form and phrase, shadowed forth the evils which have come upon the people. Of the present scheme, however, il is perhaps not necessary to speak st large al this time. It present diff hculues and absurdites which no ingenuity of argu- neni can surmount.
 The revenue bill was brought forward to. day. by | "r. Me lung Of the committee on ways and means IL produced very considerable excitement It pro- poses to raIse al least 60D 0JO dolars-some think one million of dollars This bail wings many n pi. seon. There is something in the determined resp luton of this committee. which inspires me with l great qualification. There is d grandeur in the scheme, As connected with the fulterng opposition. which will lift up the heart of every man who has confidence in the honesty of the people, and pride in the character of hia State The bill will be sustain- ed by the talent of the House. but it's passage cannot yet be predicted with confidence. The bill was &C., 'ompanied by learned and able report, which will occupy about eight pages in pamphlet, of which 5000 copies have been ordered To be printed will send you copy as early can be obtained. Some considerable excitement has prevailed for day or two, m reference to the expiration of the charters of the State Bank and the Montgomery Branch The charters expire on the first of January next. Mir. Chandler brought forward bill, that on and after the first day of January next all the proper ", both real and personal. and all the assets, rights and credits of every name and description, belonging to the Bank of the Stale of Alabama and the Branch of Montgomery, shall be vested in the State of Ala balna and that the name of said Banks be used. as he. etofore. for the purpose of lqudatlng and settling
 
 Ed. That all suits hereafter to be brought for the collection of any debt duo said Banks, shall he brought as heretofore, either by motion or otherw in the present name of sand interpretations and all suits now pending for asanst said Banks shall survive and continue in the of said corporat ions and that the certificate now required to be mnde bv the President, oa suits by motion, ,'may bs made by the Cashier making such notion
 Mir. Martin, chairman of the Bank comm.,re, pro- posed the following a substitute e:-That tho char ter of tue Bank of the State of labama bs and the same is hereby extended for the term of----from the passage of this act
 2d' That said Bank shall not have power to dis coun: notes, oaa money, deal in bills of exchange under any pretence whatever.
 3d. That tie said charter shall only be extended Ter liqudating and settling the affairs of said Bank
 This matter made the special order for Mon day 10 o'clock.