Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1850-05-21

I the Stockholders would INDUCE Nhcn 10 tulu
to the extent Of their ability.
The united opinion Of all reliable bv'.n--s
men also confirms the f,ct, tha, there is "a De-.
6ciency in the circgIatng medium H. thcn.
We are to rely upon the banks for ourcrcuh-
tpp medium Ia 10 tb' main wc undoph'cIl,
mus, for the present % lcasD adiiu0alI
lblnklng capital is require. Other mean, Of
investment have u late been lonkriupun wrrI
more favor. Railroads, manuacmTcs, r1,.
CATION, have presented stronger inducements
to tho capitalists, while they have o"caIsonrl
an increased demand ior money. lIis, Then,
the part Of wisdom to discourage tins mode Of
investment to impose upon bank capital, bur-
burdens from which capital othcr~I.e 90.
vested is exempt would respectfully 'ug.
gcs, the propnety Of repeating the law which
imposes tar Of on PER cent. On our bank
capital. II banking BE- an honest hu,.nos,
useful and necessary, as It is conceded % DO
I il should be fairly treated by the government;
| Il not, It should be dispensed With altogether
I Besides, are not the advantages supposed 10
be derived from tar rather hncifal than ~
/ all
! The barks will endelvor to make their b..
siney, productive, and the tax which they arc
compelled to pay to the State they will as,cs,
upon those who are obliged TO do business
with them; IN other words upon the whole
community. The tar, therefore, como d..
rccily from the pockets Of the people to b. pr.
cumuli,ed IN the treasury, and then TO BE- r.
funded and distributed among them in another
form.
The same remarks are equally applicable
TO the law making il impcrii,e on he bank
to loan to the State ior less than tic regular
rate Of interest.
should It b. thought that the financial eng.
rcnces Of the state may rrudsr necessary o..
occasional exercise Of lhs power, sound pod.
cy, as we'll A. the rules u G,r dealing ~usll
seem to require tia, the State should pay
VIVA, individuals are by law compelled % PaJ
Tor f, Ike accommodation.
The rapidly incrralng influx Of gold lraa
Cahiornia, will probably soon supply us vil,
an abundance Of the precious metals Tor a.I
necessary banking and business operation, --
Nav II not then, be safe IN relieve the banks,
tn some extent, from the restrictions imposed
by law upon their circulation Spcris exist
mg among the people is likely to b. quite ls
secure Tor the redemption ofbilIs, and nraIi
purposes Of public safety, as It is where lhr
law now r~quIps u to -.
For the last eight or ten ya~, tbc value Il
our paper currency has brrn more uniform,
than during any similar period since thr toaa.
dl,ion Ofour government, and there has 1,r'
greater security Ia an business operations --
ThI. ac, goes Ear to show, ilat our banking
system has improved, anl dat our banks arc
veil managed
! hay, bccn unable "a obtain the report nf
the Inspectors and Warden of ,rr State Pr.
on. Tor hs current YEAR. and have therefore,
nothing 10 communicate uro1 the affairs n'
tina, Institution. Nv immediate predecessor
no hts last two annual messages, called ,he a.
,rntiuu of,hc Legislature iu 'hc necessity VI
such classification of roa. r,',. a, should rr.
move the young offender from a,sr-.snon W 10,
the hardened criminal Ilo1 aoaH ,on-
mend the subject TO your cnu.lJeau51, AZ
urge upon YOU It's Importance, To 4rsam-
plr.h this uc,cc, NJ desirable, separate ,,n0-
lrshmcni, removed from 40 connection. lrrr
by association Of ideas a, far a, pnc'.r.BsJ
with the STATE prison, will b. indispensable.
I, should br Que Of the object, oflll punitive
laws to reform the offender, and restore h.n
to society. but the reformation ofrhe youth.
I ul criminal can hardly d. expected when he
u subjected for .cr,c. of gear, 90 ths ,na--
encr Of experienced and accomplished VILLAIN,
nor wall society readily admit into It, bo,un.
those whose moral nature hl, becn erpo'ri
to the malaria Of the STATE Prson.
Experience Show that 'hr conviction ofIuv.
emile offenders is with difficulty procured, e'-
en- where their guilt is apparent, and lhat lh'
sympathIes Of the Executive are but too o'''n
painfully appealed 20 in their behalf
Retreat, Tor juvenile offender, have been
established IN many u orr sister States, and
have been productive Of tho h.pPie.t results
| Tn. rspor, Of the Trustees and Sup,un.
,rndent Of the Insane Hospital, can most
confidently refer YOU for very satisfactory 90.
formation gpon Il condition.
The remarks Of the Superintendent, upon
the character and the effect. Of existing laws