The Arkansas banner., 1845-01-08

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 lis next objection to the adoption of the Report seemed to rest on the ground that fIssa the dates of the sales of the bonds of Ashley and Bertrand, to Beers for the State Bank, and the sale of the Bonds 10 the Sec retary of the Treasury for the Real Estate Bank by Sevier aud Williamson, that l! was impossible for the sales of the latter to have given character, and aided ill the sales of the former.
 Now have not examined minuely tine dates of the two sales, nor do l care so 10 do. for npon this occasion, it Is sufficient for me 10 have the testimony of Ashley, and to know tkat he could have had no desire in this case to speak any thing but what was strictly true And here is his testimony to the point, taken under the solemnity of all oath, and which is more conclusive and sat isiactory to you upon this subject point than any thing could say in reply.
 And said deponcnt further states-After his return to New ' orll city from Washing ton, Mir. Bertrand and deponcnt effected as sale of the million of Bonds conGded to them, to John D. Beers, of New Y ork And one Of the inducements of said Beers to purchase the said million, and also the million issued to the Real Estate Bank, as stated by said Beers, was, that the State of Arkansas having effected Il sale to the Government, was strong evidence that the Bonds of Arkansas were entitled 10 the highest credit, and would en- able him fBeers) 10 sell those Bonds on bet ter terms in Europe and deponent has no hesitation in stating his belief, that the sale to the Treasury of the P500,000 made by the Real Estate Bank Commssloners,sen the Commissioners of the Real Estate Bank and the State Bank, 10 effect the sale of the two millions of Bonds to said Beers"
 Now, Mir President, is lhis not positive proof arrayed against the quibble, about dates, of the Senator from Scott2 And Is il not sufficient relutation of all he said upon this subject without any farther reply from me
 The next objection was, that the commit tee had qouted so much of the l7th section of the charter of the Bank as suited their pur- pose, and there they stopped. Now will the Senate do the committee the justice to refer to the quotation in the Report, and see ii eYe- " word of that section was not quoted that was applicable to the subject upon which the same was advauced, and you will there see that il was not necessary to quote the whole section, and if it had been quoted, the re- mainder of the section, that was not quoted, would have been regarded IS so much sur plusage.
 He also seemed to find fault with the com missioner because he come to Little Rock, tried the Banks various ways to get specie, but did not get il. Now fl the Commission CTS had 10 bear the fault of the Bank in all the instances that the Bank refused to pay specie for their notes, they would certainly have very heavy burthcn to bear. If they performed their duty in the sale of the Bonds, they were no more accountable for their re- tusal to pay specie, than you or |. And he seemed To be disposed to bring up that un- fortunate train of reflections of the distressing situation in which it had placed our State, and was anxious 10 have you believe that 1t would have been well forus fl we had never had q Bank. Now how many do you sup pose=he could find in the State of Arkansas who would not agree with upon that point Is there man in this Legislature so stupid as not to admit the fact? But is there another who would be willing to place this as aiault originating with the Commissioners
 will go further than he has gone upon tais subject, and say that 1t would not only be better for the people that the R. F. Bank had never existed; but that 1t would have been better for religion, morals, and the va lldity of coutracts-better for the peace, prosperity, and happiness ol all communities, that the Banking system had not been known.
 But with the creation of those Banks, the Commissioners had nothing to do. They were employed to sell the Bonds of the Real Estate Bank and they performed that duty; this Is all that they are responsible for
 The establishment of the State and Real Estate Banks, was an error long to be re- pented of. Their establishment has been source of mortiication and regret to many good and worthy citizens but to none more than the Commissioners themselves. The remuneration which the petitioner received for his services, would not more than pay for the expenses and the. printing necessary in hlS defence against the numerous calumnies heaped upon him in consequence of the Re- port of the majority of the committee made in this case at the last session of the Legisla- iure And the attempt here by the Senator to make the Commissioners responsible for the failure of those Banks to discharge their duties, seems 10 breathe too much the senti- ments of the former Report, lorme and that a desire to create that impression was one ol the moving causes in the production of the former Report, Is evident. The Banks had brought embarrassment upon the community, and many good citizens who had never had an accommodation or favor from one off them, were fearful of having to be taxed 10 pay the Bonds, this caused an excitement in the commu>ity and a just indignation against those Banks. To avert this excitement from is true and proper objects, and from the ndiyi- duals who were justly censurable, and place It upon Col. Seyier, was well calculated 10 raise an excitement against him, that could easily thereafter be made use of for political effect; and il has thus been wielded with all the ability that malice and political design could bring to bear. But the ,.soLer second