The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1850-01-18
For NE Athens Post.
BANKING Law

! banking, ana am lnuch pie"seu wiz" -"
provisions. 1t is Just such law as is need
ed in Tennessee, not only to enable us to
get rid of our present unsafe and oppress'
I've system Of banking, but to furnish a sale
and sufficient currency to supply The wants
of the country. Not among the least o.
its merits is this, that if passed INTO law,
it will in good lime deliver US from the anti
republican monopoly in the business OF
banking, which now exists ia our State,
and Is an incubus uron our energy and en-
terprlse.
Our Tennessee Banks are managed with
less llberaIity and efficiency thru any other
banks in the Union. Most Of this illlber'
alty and lnetliciency attribute to the de-
lec,ive system as established by law IN the
charters of the banks, and because the law
gives the presen. banks complete monop
oily in the business OF banking. Hence the
bastard Hill business which is forced on
the country, and constitutes, al present, the
sum totum Of our banking operations. The
privilege Of deep staring, if granted by law
to individuals, can readily see would be
eagerly seized upon by INSCRIPTIONS sha-
vers and usurers. Bu, to see our great
monied corporations resorling to an excu-
sve privilege of this kind, is humilia'ine
indeed and speaks but little in praise Of the
sagaciIy and iore,housht Of our Legisla.
tors. And if this state OF things is suffered
10 continue, now that every body can see
how it works, history must be bret in its
praise of our present Legislature.
Banking should be made free and open
to competition. as is merchandising and
farming, or any other business. No branch
of business should be carried on to the
deriment or injury Of the community or Of
individuals. All should have protection or
ind emnily. The individual or company
WHO embark in the business Of banking
should be compelled to furnish ample secu-
rlty that no one shall suffer on account OF
his operations. The bill under considera.
ton provides for this security. The note
holder will not be liable to lose, BY the
failure OF the Bank, the amount OF its notes
in his hands. The 81 ate is to hold an am
pie security for the redemption Of their
notes. and they will be redeemed.
This security is the great thing needed
TO make banking safe to the community. -
What security, ask, has the holder Of the
notes of our present banks? WHAT, ask?
What security has the holder of five dol
lar bill Of the Lawrenceburg Bank2 will
tell you. He has just such security as the
holder Of il five dollar bill of certain Bank
at Memphis had thirty months since. A
simple promise TO pay-unsubsanlial ss
al airy dream. which, when /, had vanish
ed, left the unsuVspecting note holder with
the promise unredeemed in his hands,
worthless as so much refuse paper.
May we not hope that the Legislature
will pass the bill. Its passage can nJure
no one, but will, verify believe, do much
10 better the condition of the country
Much more can be said in favor of It's pas
sage than can be said against it, But
must desist. a. b.
The BALL IN MUTIoN We learn from
friend, that the citizens OF Mt. Pleasant,
held a railroad meeting few DAYS since,
at which Judge Cahal and Gen. Pillow
were present and addressed the people in
behalf on the several schemes of Internal
Improve ment BY the State, now in aglla-
ton. We are happy to see gentlemen of
their standing and influence taking bold
ground in defence Of the popular railway
projects OF the day.
We observe in the last MicUigenccr, that
the citizens of Coum bia have had rail-
Toad meeting. at which Maj. WIN. II. Polk
presided. Speeches were made by Gen Il.
Pillow and w. J. Sykes, Esq. A COM
mr,tee was appointed to invite Hons. A. O.
p. Nicholson, N. S. Brown, L. C. HAYNES.
Jno. A. Gardner, and others, 10 address the
people Of Maury, at IN adjourned meeting
10 he held at Columbia on Monday next
.Hiddle Iennesseean.
The venerable Pickle Pickleby saws
"ReaG your Bible Jabez, study the laws
of Moses, and don't repeal any of 'em;
mind the ten commandments tn, and the
Eleventh likewise, and don't sell the BIRTH
right Of the Yankee nation for mess of
potash, and the day may KUN when you
will be minister to penelenllary. or a
secretary Of negation.
HUMAN NATURE.-Bad as NAV be the
nature OF man, slll the honor for noble
deeds, the respect for virtue, the abhor.
renee for that which is ignoble or base, will
ever influence bodies OF men when acting
on first impulses. When the traitor has
performed his part-when the end is gained
for which he has been employed; those
whom he has most benefited will cast him
from them and the very men who had lured
him to the deed. will spurn HIM as If his
very pre- sence breaihed infamy,