Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1851-01-17

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States WIN paper currency in derogatiou oil
the express provision Of its charter, the conStitu-
ton, and general law of the State. The opera
lions Of this Institution as a bank of issue and
circulation, are too well known to you and the
people 10 require a detailed history here. WHY
this Company and individuals are permitted to
exercise with impunity these important reserved
rights and powers of the people, is a question to
which response, sustained by sound argument,
reason or policy, cannot be given. 1t is due to
the credit of the State, that such open violation
Of its legislation, should receive the appropriate
Judicial scrutiny and determination. Such leg
lsIatlon as will reach the evil correct it, and
certain the legal rights and powers Of this cor
poraton, under its charter and the law, is urged
for your action.
1t may be urged, that public sentiment is ia
vorable to the system of banking. Ii so, the
constitution has declared the manner such priv
ileges may be exercised, under the sa lction Of
legal enactment Should our people demand
the adoption of this system, as conducive to their
interests, let it be established under the mantle
Of the constitution, with such safeguards as
will protect it from abuse and let those who
assume to exercise this unwarranted system, re-
ceive the proper reward for their temerity.
deem this course essential to the purity Of
ance of high moral respect for the laws among
the people.
The question OF Banks or no Banks" may
be brought up for legislative ac;on at your pres
ent session. | have entertained the opinion that
banks Of issue and circulation, are not eesenti tia
to the welfare Of people, whatever may be the
nature oftheir pursuits, and this opinion has not
changed
In my last annual message to the legislature,
this subject, in connection with the Wisconsin
Marine and Ere Insurance Company, was alu-
ded to, TO which beg leave TO refer, therefore |
cannot rec ommend the establishment of the bank
ing system. Your action on the subject, | doubt
not, wifi be governed By the clearly ascertained
and expressed wishes of the people; and with
the view to beneficial results.
An act was passed at the last session Of the
legislature, directing the Governor to procure a
block of marble or granate for the Washington
Monument. Mr.. \. s. Wood was employed
to perform this duty. The block is now at the
Capi'al, but not finished, and Mr.. Wood informs
me that i: is too small to have, as the act directs
the coat of arms of the State cut unon it, and
present the d ss!red artistic taste. | therefore
suggest such modification Of the act a. may be
proper in this respect.
The agricultural interest Of the country is
attracting that notice, from public and scientific
councils, which its important relation to other
pursuits and branches Of industry so Justly mer-
its. Every other interest is dependent upon its
success and productiyeness, and government it.
self draws most Of its sustenance from the labor
of the agricuIturist An examination of the tax
lists will show, that much the largest portion of
the taxable property of the State is devoted to
agricultural pursuits.
()ecuDvjpu relation irnDort90t n the
wealth Of the country, and to all other occupa-
tons, and, indeed, to the eXistance of govern
ment, it should receive such aid and encourage
mem. as is within the constitutional reach of leg
islation. 1t is a part Of the system adopted BY
the Regents of the University, in its organization
to add d4partm at for instruction in agrcul-
ture and useful arts, which is highly cOmmenda-
bic. The National administration has suggest
ed the establishment Of Bureau devoted TO this
branch Of industry, as a means for its improve
ment Your views, addressed 10 the federal
Congress, would aid in effecting the desired
end.
The improvement Of Harbors upon our lake
shore, and of the rapids Of the Mississippi river,
are of such acknowledged consequence to our
commercial interests, that they will not fail to
elicit such action on your part, as will tend to
secure appropriations in their favor
Individual enterprise is being directed to ex
tending and improving the internal communi-
cation Of our State, by rail and other roads, and
although the State cannot, as such directly CON
tribute towards their construction, yet much
assistance might be rendered these laudable un-
der;akinrs by securing donations Of land in their
aid These thoroughfares will greatly add to
our aggregate wealth, and are of deep interest
TO the interior. | trust Yon will represent the
wants of our people in such light TO Congress,
as vii! ensure favorable response. The grants
of land heretofore made by that body to other
States, for similar objects, is an earnest that the
same lbera,ity will be extended to Wisconsin.
The policy pursued in the disposition Of the
public lands, by throwing them open to the nm
limited grasp OF capital, merits some consldera-
ton from legislative councils.
The public domain was vested i'll the Nation
al Government in trust, for the gencrel welfare
and to supply the demands Of the agrjculturaIist
created bv the increase Of population. It was
designed that the Government should derive 4
profit from the trust, or occupy the attitude Of a
great land SPECTATOR or that capital, should
reap the enhanced value added to Il BY pioneer
labor.
1t IS the home of the sQuatter tfat gives value
to the Wilderness and forms that germ Of civil
zaton from which springs up an enlightened
community, ana every purchaser 81 Tie son from
the common trustee, should increase its aggre-
gate wealth, by bestowing similar labors upon
his own. This trust should be husbanded, and
sold only to actual settlers in limited quantities,
al no more than the actual cost. This will pre-
vent lis monopoly.
The concentration of the right Of soil IN the
hands of the minority, is followed by results de-
structive to the liberty of man; and the history
of the past and present shows Us, that it seri-
ously curtaiis the aggregate Of human happiness
physical, moral and intellectual. Had land Inn
tatlon been incorporated as a fundamental prln-
cipe in the original political organization OF
Europe, and fully carried out to the present time
we should not witness so frequent efforts 10 ere
ate political revolutions, or such numbers OF their
people leaving the soil OF their nativity. IL Is
oppression OF the Landlord, as much as the y
ranny Of Government, that drives the foreign i'm
nie rant to the wilds Of America
Observation shows also, that we are approx
mating to the same monoPohzing result, per
haps not in the same rapid raiio.) in some ot the
older States in the federal union. 1t becomes
therefore q subject Of high interest to the mass
Of our people. that it should be discussed a a
question OF political economy, and the legislation
OF the couliry should aid il its practical apPli-
cation, whenever i can De done without emp
ping individual enterprise, or violating private
nights.
To what extent land Imitation Is practical