Mobile register and journal., 1845-05-16
MonILE May l2,h. 1915.


 of the country, so far we informed, the demo- cratic party of the State are entirely satisfied.
 There are, however, some questions of a local invoking principles of great interest, about which men of both pal ties differ in opinion You will readily perceive that we refer to questions of financial policy arising out of the peculiar posi-. ton of the State in the present unclure of its aa rs Upon these questions, owing, perhaps, to an mper- feet understanding of your views, injustice have been, aud still may he. done you It has been al- legged by that you inclined to be loo indul- gent to already greatly ndnged class of our citi- zcns--the debtors to our Banks. From the opin- ions you alleged to entertain that subject the conclusion has been sought to be deduced that under certain circumstances you would be averse to the re establishment of exploded State Bank 2, stem It has occurred us thai il is but just to you, as h cannot but be satisfactory lo friends through out lhe State, afford you the opportunity of remov ing all nisapprehenson upon the suhjeci to which we have alluded Will you be good therefore as to furnish concsely but explicitly with your views upon the questions indcaied in order that they may be ublicly submitted to the people
 Very respectfully, vour ob't serv'ts,
 Wm. JoNEs, Jr. Jo. SRAwELL,
 WM. MAGEF, WM r CLEVELAND,
 J FLA. THOMAS HOLLAND,
 CHAs. BANCROFT. R. l.. CRAWFORD.
 JOHN B. ToDD.
 MoLILE, May 14, 1s45.
 Gentlemen: Irece,ved your letter ofihe l2th inst. too late yesterday reply to it until to-day.
 You are pleased to say, that far as your infor- nation extends, my views and p' inciples national affairs are entirely satisfactory to the democratic party. This makes it unnecessarily for to say any thing on that head You say however, and you say truly, that there are certain questions ofa local char acler, about which men of both parties differ in op- nion and that these questions relate to the future | financial policy of the State. Upon these you ask my views.
 Upon mere questions of expediency nothing is more natural than for men to differ. All agree up on the great principle oi honesty and fidelity in meet ing the liabilities of the State; but upon the hest plan 10 make means available for that purpose there has been d ference of opinion. You re mark that "it has been supposed by some lhal an, loo much inclined to indulge already greatly iu- duleed class of people, ,-he debtors 10 banks. " It s true voted agains' Ihe law pas sed the last sess"n requiring payments of hUty -thrte end third per cent and interest bank debts; but did this in the exercise of III, best judgement not so much to fla vour bank debtors, to secure, by requiring less amount. cetain, and in the long run greater amount 9 collections. l shall be entirely satisfied, however, ii the law of the last session works we'll, and the result proves that was mistaken. The whole matter is now undergoing the test of experi- ment. and few months will decide whether, in view of the great depression of southern siape rang 1 ing al the time the law passed, from three to four cents per pound, ihe policy advocated, or that which was adopted, was wisest and best. l can only add, on lhis head, that am welded to any particular rule in those collections. utihnk that the best poll cy which will secure the most money out of the debts, and is best ca lculaIed to promote a speedy | winding mp of the system
 Thsibrings. me to another point in your letter, in which you say that the impression has been sought ! to be made-"that under certain circunstan would not be averse to the establishment of oul l expoded Slate Rant .ss,am " ..-~L yvu sonir men for the opportunity afforded me to say directly and explicitly, that there is not now, nor can there p"ss'bly ever be, any state of circumstances that could induce me, acting in any capacity whatever, as chief magistrate of the Stale, member of the legs- ltture, or as private cizen 10 counienance in the ! remotest degree, much less to sanction, a system which have seen fall to the ground, by the weight of it's inherent and incurabe defects. The whole course of my public life for the last ten years has been in direct opposition to the system. have al ways opposed the establishment of new branches, and the increase of the capitals of those already in ex- | istence.
 1 Many years ago submitted 70 the Senate of this Sfate, proposition To gradually wind up the State Banks, when they were apparently doing thriving business. At the ertra session of 1887 opposed the extension of the debts and the issuing of an ad. dional five million ol State Bonds, and a propor- ionate addition to the already boated circulation of the State. Had my policy then been adopted, we ! might long since have been clear of the system in stead of debating what amount of yearly bank col- econs is most likely extricate US from our diff culIes, and wAat amount of taxes ought to be im- posed on the people to meet our liabilities But other counsels prevailed and we now feel the con SC quences. Let meet them like honest men and true patriots, and all will yet be well but let us re. oOunce forever all such devices as our exploded State Bank system.
 trust gentlemen have been sufficiently explicit !" meeting the points presented in your letter. re- cognse in its fullest extent the right of the people to enquire as to the views of those who are presented to them for public office, and have endeavored to make this mmuncatIon plain and full ilat there can be no room for misunderstanding. Hoping it may he satisfactory to you and 10 friends throughout the State, l remain, Gentlemen,
 Your friend and obd't servt, MATTEL TERRY. To Wm Jones. Jr., and others.
 PrOce edings Ofthe Democratic Convention TUscALoosA, May 5, lS45.
 On this day ut I2 o'clock, M., the Democratic Convention met in Ihe Hall of the House of Repre-