Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1849-12-22

present occasion MIR w went on to saw
that, at the last session Of the Legislature
he was one whofecorded his vote that it
was ineXpedicnt to rechartc the bank.
and the bill propose nothing more than TO
carry out the expressed declaration and
wish of the Legislature The main ques,
ton, as he understood it, was; Is it pru-
dent now TO take steps to wind up.the.
bank. He believed now was The tia
after q period Of thirty six years. I'll
''-~'~ ''-t IL =, satief,- thn neoni S 5;
its nett PROTESTANT it made moheysn.sAsis
prudential measure, he thought that the
present was the most suitable time to 90
to work
AS to the Legislature being pledged
for the continuance of the bank, to pre-
serve the public fait, he begged 10 say
thar the Legislature were not bound to re-
charter it in 1855 This cry Of public
faith was an ad captandum argument.
We had been told that in the destruction
of the bank, the currency of the State
would be dcrangcd; and the history of
the u S Bank was appealed to as an ar.
gument. Now, said Mr. w, what were
the facts of the case? The u s. Bank
went down Was the currency deranp-
ed? was money less plenty? Did the pri-
vatc banks conspire to monplze the entire
business of the country? Let the work
ings Of the present system of the subtrea-
sury answer this question, and settle the
matter So with this bank, re did not
believe that the currency Of the State
would lie deranged by the abolition ofthe
institution.
MrW concluded his remarks by saying
that he did not intend to make a speech.
He desired only to explain the reasons
which should influence his vote.
Mr. Fielder said he would begin where
he had suspended his remarks of yester-
day. al5 os
The Senator noticed the constitutional
argument He contended that the pres
ent charter of the bank was plain viola
ton Of the constitution He noticed tho
bank debt: there was a difference between
the annual report of the President and the
report of the committee, The annual re-
port stated the debt to be $4so, ,ooo--
the committee $4oo,000.
The variation in the two reports, he
continued, proved that you never. can as
certain the true condition of the monster.
In calculation Of figures, the financier
will always cheat you. We will not at
tempt to follow the gentleman through
out his remarks. iaRag -
The Senate was further addressed by
Mcssrs Cannon and Noses in opposition
to the bill. e.. ,
On motion of Mr Moses. the debate
was postponed until to morrow, and made
the special order of the day for 10 m.
After transacting some other business,
the Senate adjourned
HOUSE OF REPRESENTATIVES,.
The House met pursuant TO adjourn
mcnt.
Mr. Brownlce asked leave to record his
vote on the question to postpone the con
sideraton of the bank question, which be-
ing granted, he recorded in the mega
tive.
Sundry bills and reports from the Sen
ate were read and referred.
NIB Y Martin, from committee on in
corporation, to whom was referred a bill
to incorporate another banls in Columbia,
reported and recommended that the bill
do pass, with slight amendments.
Also, on the petitions to ammend and
renew Charter to st Peters church,
Charleston.
Mr Sullivan. from the committee on
judiciary, reported bill to require sher-
ifs to make returns of the prisoners in
their custody, and on other subjects.
Mr. Preston offered a resolution to the
effect that the Attorney General and So
lictors Of the Northern snd Western Cir
cults be appointed commission to inves-
tigate into the. condition of the Nesbitt
Iron Works debt, as we'll as thG. coi!a.e
raj securities thcycfor, and report at the
next session Of the General Assembly.
Mr. Townes objected to this resolution
inasmuch as the reports Of the investipa-
ting committee and of the President of
the bank gave them all the light that
could be given on that subject. he. did
not see the necessity Of appointing three
agencies To have reported to that body