The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1850-12-04

the evils of dependence on communities,
whose friendship and social support, we
sl,nll, perhaps, never again enjoy. By
encouraging men Of slender means and
ofnll pursuits, 10 unite with their more
fortunate brc,hron in the laudable task
Of physical amelioraiion, ausplcious mo
raj results will cnsue between The par
tics. pre-cmncntly conducive 10 private
and public prosperity.
Experience has disproved the opin-
ion, that TO the community greater in
jury was 10 be apprehcnded from indiv
uals, engaged in manufacturing pur>
suits. The death Of tho head and own.
cr Of mill is very certain 10 be the !
precursor Of its destruction. The pro.
perry involved experiences sudden
depreciation, owing 10 The loss oflhc skill
and practical knowledge that rendered i,
profitable. These consequences sell
dom follow in the case OF joint COM
| panics, where the ordinary safeguards
have been provided, The deprivation
Of single mind may be kccnly lclt,
but is rarely irreparablc. ,his, how
ever, were an undetermined point, the
| hIsl and patriotic end in view cannot
succeed bu, by the power Of conccn.
tra,ed means. In these days Of pro
gress and refonn, supposing the will
and ability 10 exist, ISOLATED cSerlions
orc loo lardy aud uncertnGp. The csia-
blishment, on a scale sufficient 10 en-.
sure success, Of various branches Of in
dus;ry, will require very large out.
lay. This the people aro prcpnred 10
furnish, unless the Legislature comPssll
them 10 encounter risks beyond The or
linnry chances 10 which all undcriak-
ings nre subject.
| recommend the passage Of gene.
rol law concerning charters Of incorPo-
ration for agricultural, commercial; !;
manufacturing and mechanical puy.
poses, and the Improvement of navi3a-
!, lion, containing The following afpong
a other fundamental provisions, yiY: first,
], tlntihe capital Of each conpal8y shall
iise lii:,sisnd "a dsss.t ted lli,, 70 s,e
,,ieiffty itiefe feasaaj f.ssessSS
a scl Of ias i,e:sialaE
ss GJy sneiil rs nf he COR
35f 81 - "a 4,
Idtfa S ssitR eoraora,ian axa, ,,,- Z,
bet compelled 10 make good ie amount
OF cantal stock subscribed; bu, ,ha;
afterwards, they shall be Liable only as
company; and, thirdly, lha, on The ap-
plication Of @ company, formed for any
any one OF the objects named, 10 The
Secretary of S,ate, for incorporation.
charter shall be granted, If, in his
opinion, and that Of the Attorney Gen.
erai, the requirements OF tho law have
been faithfully complied with. Had
such law existed one year ago Two
mills, one fc" the manufacture of cot.
Ton goods, and the other for paper,
would have been added 10 The number
SO prollab'y worked in The Sia,c. Both
projects, II is said, have since been
| abandoned, and The funds Sc. apar, for
'hc'r prosecution have been otherwise
appropriated.
It may here be appropriately remark
co. mat charter providing for payment
ny the stockholders Of the amoln, Of !
capital to be raised at specified times
say, IN one, two, and three wears. would
not bind the individual corporations 10
stnnl;ol)v lilo nrrn;,,ia .',,i | "a"
coso or ,ho r,na''.l r,". pc sr'!l"o III INC
Wo,b,rsnno, w w'.. ."','S ,,,S, .. lia''eu u.s.
tho ,,rrs nr ~, , ''''' ""'''e'er' by
ton had undertaken 20 do, The Courts
Stack holjor. 80 80 ,o,c y, - uo''o'S' oo''Ge 'he
Asonri,;,r,. e',I''' ~
schcr,a sn Lr;so'. ~ ,''' 'npor'ah' pubic
,cr;nr aI.a D'o"s'' " your a.
Of rcIrcina 49, -, u'' ~, nc cSpeu'ehcy
Ron, C,r ,iIo ~ ,,.n - - -" 'N'o o' interest
wis.Iv ro,n,;,,I; " ,'o''eS' "h!ch IS
rulaicl Lv ,''" ,ha a,n' =. al countries 10 re
These ,ooin,y d dan"sI rue o' Prolis:
l,Lor rhn "ci''''" o" me pricc OF
l7!s md hc. r,a'''' o'n' ~ c'P'a' before
anne. lo ,snar,a;n ',''' .r .rn' an" "3,
reason .,nJ,oJ I"' c,r ~, nc pF'nci,Pai,
ini, . - '''N 'ISA'NIItI' Di Inc