The Spartan. [volume] (Spartanburg, S.C.) 1843-1852, 1849-02-06

necessity. am urnbic under the circumstances
IN which am placed, TO hold out much longer
ted IN the dennte. find tlatsan andiska61
always expect To he entertained by
take for granted the House will<
as the audience, that should cfo5a
The points have made in this sped
leave 10 cnuncrate, IN orGcr that m
misunderstood, and that the views cn;j
he iarly laid before the public. espccia
constituents, from whom shall ask AM
to the many already granted by them,
tive perusal of what | have been sayil
My points are, l have attempted
in the argument: N-.,.s
1st. That am in favor Of the resolu,,
Hon. gentleman from Chester. on the
have fully stated. that public opnop
thorough aud searching investigation
81. That the Bank Of the Stutss
ton and disbursement Of more thnp
lions of dollars, has proven itself co.
fiscal agent. <,
3D. That their is necessary y, legal or political
conncxion between the State aud the Bank Of tn.
Statc-he Bank being mere prisst corporation;
responsible individually to its creditors. and over
trol. .
4,h That 1t is neither ..,sunwse." nor incxpe-
dent" so lar as past exper;cnce is concerned To
connect the affairs Of Bank aud S,u,e, when The
State is the sole owner and representative Of the
stock of the Bank. with which it is connected.
9th. That 1t 10 unwise. mpolitic and z,rrsump,s:
ons. IN any man, or set of n,en to deter mine in
word, whether the Bnnk OF the State, ought or
ought not to be rc-charered in 1856 un1ess ques-
t'on OF State honor and faith bc involved in tho
issue ....
9th. hat the ohjcctious 10, and the arguments
against, the Bank of the State, apply with infn-
ttcly more force aga st all private Interpretations
tor banking purposes, than they do against tho
Institution known as " the Bank Of the State"
Hh. That the Bank s as spsnd so far as We
have any proof, as any Bank in the State, and that
it's affairs have been generally. faithfully admin.
istered. ....
8h. That the Bank. in SPITE Of every charge
and assertion to the contrary, has already paid out
Tor the use OF the State, than all the capital
entrusted to its management and preserved in.
taci. its whole capital. g.. . ....
9th. That according to all history; Government
Banks have almost always proven ndvnn,ny nycous
I" the Government and the great body OF the
people.
10Th That the Bank of the State, has from
its creation, superseded the necessity Of direct
taxation, beyond the small amount now raised by
law.
IL. That IL the funds and profits Of the Bank;
were pledged 10 thecrcdItors oithe State then that
the State cannot without breach Of its faith and
h0nor change the investment Of these pledged
funds.
lS'h NAT 10 criPPo INC irStimate operations
Of the Bank, IN any way whatever, dnrinc tho
chartered existence of the same is breach oil ia tn
13;h. That the funds on hand, keep, by the Bank
TO meet its responsibilities for special paym-nt
most amply sufficient for ali Legitimate banking
purposes. and that the history Of our own Bank
and every other Bank in South C.rolina. will
prove the eorrse,"ess of this Ssses.ibn,- point
" How iIe far have made on, 2.p..in ,hs.e points
in .-s u",snt sukrntcd, ret nhtns Tor this House
a. T.. 4 ".
whether it s, is not polite to put the Bank in
liquidation. i, very grave one. and it seem to
me, ought to be laid fairly and fully bcforG
| the people. 1t has not been so DONE does the
gentleman seem willing. judging from his points
| and arguments that on appeal should be made
the people. He seems desirous Of destroying, ,
without delay further chnnce of cailare the
| Bank, at cncc, now and forever.
| No such question as he makes. has ever been
submitted, or been decided upon by the constu-
ency of the State. Ii is true, that q question whc II
every man Of srnsc, acquainted with the subject,
knew that il decided aiirmatvely, was fatal 10 the
Bank. was in many Districts submitted to tho
people. or course oil those in favor Of destroying
the Bank, were in favor Of the proposition to pub
lsh d" the names" Of debtors, whether officers Of
the institution Of the General Assembly os
we'll as, were many others, not unfrendly to the
Bank but who had been induced 70 believe the
matter of publication. would be polite well as
lJust ana proper
This simple and reasonable proposition as the
constituency We're in places Taught to believe
seems to have sunk into utter ipsgnfcance, when
compared with the holder measures s now proposed
of putting the Bank into immediate liquidation or
doing that which is tanamount 10 immediate liqu
daon. The people. in this matter, have been de
ceivcd bv the politicians. they generally are
when they take for granted, tI'at party measures
are advocated candidly ana honestly. The peo.
Pile Of my District, feel confident. did not an
,icipa,e they were about Destroying their owr
Bank. when they consented to publication, Al
some Of them did. of the names Of class Of it,
debtors. Indeed. this was positively desired b,
some Of the ablest advocates Of the publication
issuc. Now the question is, shall or shall not the
+ Bank of the Bank of the State be destroyed. lie
the people be heard on this issue. ] have wi,
messed. sir. sundry changes in parties in this State
and believe one Of the invariable results has been
that the attacking party, has finally succeeded
more from the confidence and supineness of tn,
defenders, than from any Intrinsic merit in ,hei
principles; but, one object. whether the mai'