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

the Lark. IL fell. Is power crush
The dost. when its alliance with govern
3 dissolved.
lay lpoS Spertincntly ask any man who is open
20 conriasunHfnnn The subject under consideration,
how all or any oil these arguments, So Strong and
SO co"cluslre, can operate against State Tstltu-
ton Do they not rather form IL conclusive argu-
ment IN isvDr Of the Bank Of the State : The
State Gove-ament is rmphatcally the Govern
mc"t OF the people. Can we make the people
TO" strong iiNu sir, no: unless, indeed, it is our
duty I" irgisla,c for the benefit Of the few ca pa
'aI'Sts' at the expense Of the great majority OF tho
people OF tic State.
SIr, Claiming To be n disinrcrcsted witness in
th's matter, am free to say, that the people have
been grossly mised and deceived in relation tn
their Bank, or that years Of study and long expe-
renee have proitcd but hltc. | trust that the
borough Investigation Of the nifars of the Bank,
Proposed by the gentleman from Chester, will he
offered by this House If the Bank is unsound
III" rotten, lc; us know i,-it not, let us and the
pcpe know it, TT
Nr. Speaker, there are amongst us same old
fashioned gentlemen who cannot understand the
arguments used hy the opponents "s the Bank, in
ree'ence to the questions of the pledged faith and
puhI; hoior oilnc State. We have grown grey,
entertaining the opinion from our youth up. that
the JAtaand hoA0r ofour State, is hey ond all price.
We Ss-srwiling to leave this cherished article
OF our iXh, to the i"s'c. sophstry, ingenuity or
"~et"e ahlcst special pleatler atnong gst4 us.
we navy been taught, wromgfuliy. perhaps. seeor-
uihS 10 The hew lights, that question Of State
honor, IS ut least strong nf personal hon
or and that every fair and reasonable doubt is to
TIC dec'led against us-tlut Is, that in question of
honor, We dnot, and do not admit OF 9ui6bLe o.
even an apPfcnty sound argument, 10 relieve
from Just RESPONSIBILITY. prey, yOu, sir, and the
f1ouse 10 Understand, that III the mode aud man.
ner IN w"'clt put the arguments, | have no re-
terence To tht code of honor in which the pistol
or the r!ic stttlcs disputes Of personal honor. l
mean SIR, 'Ie personal honor ct Il Carolina gen.
'icna9s Ni believing chrstisn-ot an honest
man. lo's code am sure hope l muy say
my SUI frcnf ct Charleston, will most fully sub,
sc''"e aud Yet am compelled to tell him that his
arS"mtn's II lar short Of what expected from
h'm' Alic Why's and the whcrcfurcs | pass with
out "the comment than Mis, that if there is any
nan upon MS tioor to whom the honor and the
Ja'M q arolina is drarcr than to him, i,
presents minJ strange annmu V. and !
cannot P account for 1t. | give him full
credit ios rIIy OF his intention, and yet with
ms view fbud not, and dare not trust the
p,sdsG' h?nor ?' Of the State i" his keep,
a"d well recosnt! sxceplons to the general rule,
that one Legisla,re\ cannot bind another to the
pursuit "f any paacaIar pulley or the continuing
o: any general la Bu, whenever a right has
rested 10y Previom legislatures, we as q general
rule, arc as MUCH Sand il we had passed the
law ourselves. 4, State through its Lcgisla-
turn grants an act Incorporation To a railroad-
TO Bank, to nnaa& &icturing cornpauy-,o a rc.
l'S'"us socety-to ~ individual interest, are we
not bound by ii3s llEnk So
Well. uo S'dte an act Of the Lccislaturc-
hy the cpneur'ent opions of those agents at home
and abroad, appoitie to attend to The busin.s,
PROMISED Il as saidk hathy this act of Legislation,
the funds aud The pr4ts OF the Banks of the State
were pledged '"r theiFcnemption of the loan, so
| raised upon this pledge. Blu, On the other hand
II is sa'tssY big friend IRON Charlcstoi
and those who think with him. thuta ahis great
nlIstake on the part ofthe foreign creditors, and
those at home who have ialen into this same error.
,hat .he urds Of the Dank only. and the faith of
abe Stale were pleds cd Tor TN. redemption OF the
foreign and domesic delns..F The consequence oil
the assumption is, tha, the State has the right 70
change aud take charge of The pledged fund, and
tue creduor is bound TO look 10 the State only IN
Is changes. whether fortunate unfortunate. L
am free 70 say. that, should the present movement
cause the entire loss Of the capital Of the Bank OF
State, as Lras at present advised think it may,
hat the people OF tBe State will redeem and pay
eft every dollar of itf public debt. Blu, will not
The CREDITORS of the Sa,c, foreign and dnmcslic,
look upon this j"in.y. as AN act Of rcrudauon,
placing us upon rar with some other States OF
the Union. Coih'l-ucc, on the part of creditors
has been greatly shtAcn by the course pursued hy
some OF the States. whether from Necessity or
! choice, makes little difference. Although Souh
! Carolina justly stood above reasonable suspicion
yet capitalists very prudently loo"ed to all the
collateral securities. supposed to lie offered Iy
the Siaie. Her Bank had been administered
i"l'i,tuIly-ahy and pr"f'uhly, and this the deal
J G,