Western union. (City of Hannibal, Mo.) 1850-1851, 1851-01-09

~ viduals reconmefEEwms ,'o'''"s vi wy,
rsconnenda,ion,, Will ! 'ns nG =. o.ne, man
OF qualifications. without r.a;"a NV, ~.
", 10 discriminate Istwe cen ,he .,,Ncant:.
."e'e recomne nda'ions nay also often ,rooeed
:, .,on nose VINO have ne other object ~ view
~ man ',, That OF advancing their own I,erest.-
,.'; " uIec'oly. mus selected, he ing no pc.
4 cnnary interest in the Bark to lrk after, and
O. mostirequsntly engaged il o,he active pursuit,
!. their attention 10 the du,.s GA director mu..
1t necessarily be secondary in - character, and
e the rights of the State r.c'en liable to suffer
Tor want Of more vigilH gtSrdian Of il, in
. Itercst.
:. :. With the view, lheeGf,', Of di.copn.o,;,,
: the State entirely frOmI%,, b,nt, ] rsoonms.Su
. that an act be pa,seSe, "oi'z'ne ,hs -
'eI the stock heldank. o~n
j. withdraw from lhool fund.-
sty aud comm for the amount q 5di1ell
c state are hoyer words, we are now paying .
s'ock' or uinterest upon borrowed money to |
semi-anp
bank .I. .pock should be sold upon such terms
/ iipay the bonds, upon which the loan was
, asyysdto pay for it, and relieve the State from
ey future liability for the bonds, or interest on
he same. II is believed this desirable object
canno, b, accomplished, unless como induce
ment. be offered 10 private individual to buy
out the State stock.
A, the charter Of the Bank has but six years
TO run, recommend that it be amended so a.
to extend ii for definite number of years, and
so to alter il, provisions, that the Bank can 60
into successful operation under the direction Of
trivate stockhOders, and with such regulations
and restrictions ,pon the corporation m may
be thonght best to secure the public interest.
The charter will allow two and half mil
lions of private stock to be taken. A Bank
with this amount Of capital, will be of great
mercal benefit to Me city Of st. Louis, aud
the State at large. While under its present or.
ganization, few facilities are afforded to either.
Unless its management partakes Of the grossest
fraud, which will not allow myself TO antci-
pate. il can be made one Of The safest Banks in
the Union, protected Wy the constitution from tho
establishment Of any other Bank, during the ex.
i.tence of its charter, it will have wide field
for its operation, and as far as il is in the pow
or of Banks to aid in the advancement Of com.
merce, il can be done.
II may be set up as an objection by some, that
as long as the constitution remains unaltered,
I no Bank can be chartered, in which the State
, doe. not own one half the stock.
5 have 40 difficulty upon this subject, nor do
, believe it will occasion any, when rightly IN
der1trod. The clause in the Constitution reads
thus: "The capital stock Of the Bank to be in
COTpOThteu kualI never exCetu hC VI
dollars at least one half Of which shall be re-
served for the use o: the State"
The charter fixes the capital stock at five
!, millions of dollars one half of which is reserred
u for the use of the State and in this the constitu.
j. tional reuuisi,ion is complied with. The stock
y is reserved. but is not imperative on tie State
TO raise money and invest it in the reserved
% stock. This will depend npun the action Of the
) Legislature, and believe the reservation to Be
j. altogether harmless, for the reason tina, l am
e salts fed the Ststs will never claim the stock.
'" STATE BONDS.
, On the Goth MAY, and the Goth June
" 1851, bonds of the State, amounting tC
ID 1858, 26l, became due. All this amour,
, except $4,000, is at an interest of ten pei
10 cent. On the 18th of October 1851, Sl2.
Is 600 OF the State bonds, which are at an in.
q, tercsi OF seven per cent. per annum, be.
De come due. For the payment and redemp.
y ton OF all of which, il will be necessary to
re make some provision. A very large amount
III of the balance of the State bonds become
" due in 1853 | recommend, also, that
provision be made loi their redemption anG
k payment.
,dl NUMERICAL ASSESSMENT.
m recommend that Il system of numerical
a. assessment be adopted, and that the to,
Of book be required to he so made on, as tt
IS begin at the lowest number OF range nnt
township in each county, and in each town
\ ship, commencing with section one, ane
10 running up to thirty-six; and that towr
.. lots in like manner, be numerically assessed
:. If this system be adopted, it will be mos
~ etlcctual in having lands assessed by theil
- proper numbers. By this plan, also, TIT
st State will get the taxes npon many tract.
az az of land, which, on accoun. of some neg
O, lisence or omission, have been dropped from
r, the assessors book, or were never placed
IN there. TO show that this is probable,
&c shall present one fact for the consideration
OF the Legislature, by the aggregate state
al ment from all the counties i'm the STATE
i for the year 1910, the number OF acres
e. and assessed iol taxation, is sos, COB, ad
70 by report from the General Land Offje,
;" it will be seen that up to the 3Oth Of Sp-
ID TENDER, 1919, there had been sold, andils-
ID posed of by the General Governme', in
; the State of Missouri, and consequeny al
IN ter the lapse of five years from the Ay OF
t.. sale, subject to taxation, 1897 ,O2 acres
I'd OF land. Take from this the probae num-
Der of acres embraced in all the rvn lots
X in the State, not embraced in the igregate
r. statement Of the number of acreot and,
- assessed for taxation, and also Il probable
- number of acres entered wih.nie last five
;. years before, and consequentlylot subject
\. to be taxed, and yet, in my or'oh' II wilt
IA not reduce the amount, rs s'Wh Dy the
, General Land Office reporp be entered,