True Democrat. (Paulding, Miss.) 1845-18??, 1845-08-20
IG, MISS, WEDNESDAY, AUGUST 90 1915.

longer tolerate their existence!
A corporation, among which are those
embracing in their franchise the bank pri-
viIege, is created by a charter bestowing
the common rights of the citizen on the
corporate members, while the citizen is re-
strained from their further exercise; and
they are justified, either by bonus given
to the sovereign, or legislature, granted the
same, or by some benefits expected TO be
derived to the commonwealth in restrain
ingthe common exercise ofsucE privileges,
and securing it to a few. Thus: in the
charter of the Hudson's Bay Company, the
right of the subjects of Great Britain to
fish in the waters of those seas, or to hunt
upon their Shores was a common right to
all; but, in the charter, it is secured to the
members of that corporation, and all others
are restrained from its use.
I Corporations and charters, as they Gre
ate monopoliStS, and lessons responsibility,
are, in their very natures, hostile TO our in
SututlonS, and odlus TO our citizens. Yet
the privilege granted by the Legislature,
must remain to them during their legal
existence, it matters not how hard may be
the bargain or what evils they may pro
duce, if they keep within the pale other
prescribed tights.
The citizens and patriot can bat look on
and depIore. SouIesS, a corporation
knows no sympathy or charity, dexisS
only for gain. Thus: the corporation char
tered as The East India Company, has car
yied on the most desoIatng wars, and sub
ducd hundreds Of Millions of the people of
India TO its power; It's dividend upon its
stock, is lis warrant for the rayages ola
continent.
In the operations Of corporate bauh pri-
viIcge IN Mississippi, the citizen may see
all the prosperity of the land melt away;
he may see in their onward march his
neighbors and his friends sink in ruin; he
may feel i'm himself their balelu influence
on his business and see himself Frustrated
by expansions or ruined by dcpreSsons; he
may feel the power their monopoly taxing
from him indirectly every cent of his earn
lngs--thc patriot may see the morals of
the land giving way under the gambling
influence Of fortunes daily made or lost
he may see ducls, asSaSsinations and strife ,
from the heated aud excited passions of
men engaged in this maddening game of
speculation. lie may see religion and de-
cency tramplcd beneath the feet of those
whose bank position places them above
the reach ofpublic opinion, which indeed
may be too much diseased from their in
flucnce TO rebuke the public exposure of
ac's 100 fragrant to record. He may see
arising privileged order of bank arisioc-
racy IN the land assuming tone and bear
ing inconsistent with our plain republican
institutions and from whom the rising
generation is taught TO regard them with
contempt and unsuited TO that elevated
society ofwhich they hope to compose a
part Yet while within the pale of their
charters he can only hope for relief by
living out the long period of their legal
existence by which time it frequently hap
pens that their powers arc 50 twined round
and Identified with the interest of a COM
munity in this artificial condition Of their.
affairs that by exerting their powers over
the destiny Of their dependents and frown.
ing down all opposition, they obtain a re.
newal of their charters and still continue
with all their abuses 10 exist.
But il the corruption steps beyond the I.
pale Of the rights and franchises prcscrib. /
cd in their charters then becomes the DOW .
or of the law and the rights of the citizen; I
for it is recorded in the common law ofthe 4
land in the absence of siatuary provisions
that the corruption shall die.
BY forfeiture Of its charter through neg.
"ligence or abuse Of IFS franchises in which
tease the law adjudges that the body DO.
Hlitic has broken the condition upon which
''it was incorporated and thereupon the in
corporation is void, and the regularcourse
sis TO bring an information IN nature of
"a writ Of quo warranto 10 inquire by what
warrant the members now exercise their
powers having forfeited it by
'such and such proceedingS"-B Black
stone book Isl, chap. Is.
These illegal proceedings arc set forth
IN The declarations and all placed before
lie court aud jury for their adjudication
md verdicIs, and If upon impartial exami-
nation oftheir charters aud patient iuves-
igaiions Of the charges preferred, they are
ound to have forfeited their privileges, the
ury will 50 find, and the court so declare.
Il is in vain that these institutions, IN.
u now soulleSS, should al once, be ami
mated with the souls Of hundreds Of Wild
rvs and orphans, who, since our last cleo
ION, appear 20 have exchanged Union b. +
- n "a