Southern sentinel. [volume] (Plaquemine, Parish of Iberville [La.]) 1848-1858, 1851-03-01

sSth me FtIlt'ttIai VI TN ttbthc. before 10 tTlDi-
nal have ever been known to shrink or hanch.
Before this tribunal | appear clothed with the
hardy panoPly of hoEest intentions-I court its
verdict.
a communication appearing IN the columns OF
the Louisiana Courier, OF the oath instant, over
1hf Signature OF the Hnn. Charles trayaTTe, and
addressed 10 the u!lGelSinned, has attracted my
attention. There Is such a confused adrnLXtlre OF
iac1s and romance IN tins communication that II
IS dIfflcuit 10 separate The one from the Diner.
lie starts out with the assertion. that on the
blh and 18th OF febTUary last, We proceeded togeth-
or, as the Board Of Currency, to the examination
q the several Banks located in the city OF New
Orleans"
In this whole paragraph there is not one word
Of truth. Mir. Gayarre, as has been almost I'M
1oTmly his dlScorTteous practice. proceeded without
me, and without giving r1o uotIce. alone to the ex-
animation Of the Bank, Notwithstanding | had
distinctly toldhim prior IL lis leaving Baton Rouge
that | wouId certainly be in the city on the morn
ing of the Tth. Yet on the 9Th, he proceeded to
examine some of the Banks. On the morning of
the 18th. [ called at the office Of the Board Of Cur
rency, and finding no one there. / walked TO the
Customhouse, when I was informed tina, Mr..
Gayrrre was with the clerk examining the Banks.
| intercepted him a the Mechanics and Traders
Bank. and from thence We proceeded 10 visit the
Canal Bank togcther, that Bank being the only
ItEilAtlll!iz tlt ttItsA@uiliiCt. ny Iiisif. HIS tut
ment is susceptible Ct irrefragablc proof, ami |
presume vii! not be denied by Mr., GayarTe. /
submit il TO the community, yes, to. Mr.. Gayarre,
whether his coQdUct was either courteous or de-
corons. Was II not sufficient to arouse al my
INDIGNATION. II did rnfle nv fee}inqs. but | was
capable ofsuppressiug them. / did suppress them.
Did not nv conduct on this occasion cvince a
strong desire and determination to act with pro-
dence and forbearance2 This has been almost the
. -E --
member Of the Board, lie has assumed TO act
independent Of me: in fact he has assumed to act
as ..The Board of Currency.n | have assumed no
si,eh mowers. have been guilty of no such dis
courteous aud indecorous conduct. The clerk. as
we'll as the officers of the several Banks of the
CITY, will do me the Justice TO affirm that I have
never pretended to examine one of these institu-
tons alone. do not question. however. the
RIGHT of each member of the Board to examine
them separately, il he chooses; but he can do this
only as a u,egt5pr. What right has a member TO
spread his proeecdiags on the minutes of the Board.
and DESIGNATE them by The Board of Currency
this dav proceeded u etc. Is he, not then acting
as the Board Of Currency2
Butte give full proof Of my good nature, | went
so far as to tell Nj. Gayarre that | would sign the
minutes as though | had examined all the banks
withhir7, M. Gayarre stating that it was a mere
matter OF form, and that the banks were in a good
CDEUattp!l, tItpi We lGtltl Li lllt y ullGI JOHN -
Gavarre directed nv attention TO his supposed
state Of facts. as connected with the Louisiana
State Bank, did not, at first blush. understand
the state OF thu. question. and we agreed to walk
round to the bank and ask an explanation. which
we accordingly did. The cashier of the bank re-
ferred us to the law Of 1880. creating the branch
at Baton Rouee. Mr.. Cayarre denounced that
law as ,nconstitutioraI. defended the law
aga;nst that ~positiop. giving Yly reasons briefly.
NJ. Cayarre declared that the law gtanted power
to the bank 10 make unlimited operations. | must
confess, nj the moment, 7 agreed with him. and
SO EXPRESSED myself: and. in fact. in writing my
answer 10 his ::report.r had made some obser-
vntions REGARDING The ineypediencv of such a law.
But upon 1 careful revision cfthe law, | found that
il haiexpress!r reserved in the proviso all the
yesty!cti ,;s contained in the law of 1919, ard en-
Traced in secticns one and two. / will Interrupt
the chain ofthe narrative Tor moment. in oTtlerto
make some observations upon the restrictions corr
tanned in the charter Of the Bank to which the Sc
crefarv Of State has referred Ii to in the act of 1850.
The Secretary Of State has laid great stress upon
the restrictions contained in the charter. Has it
ever occurred to that gentleman that the sections
containing these restrictions haze been repealed by
the law of1s42? He seems, from the whole ten
or of his argument. to be totally unaware OF the
fact. But upon a caretal analysis OF the law OF
1912. first section and first paragraph, to a mind ca
pable Of the slightest comprehension, this fact will
appear. Let us examine and see II this position
will bear the test Of examination.
SEC. l.. Be iteiacfed, &c, That that the chaf-
tiers Of all the Incorporated Banks IN the city OF
New Orleans be, and the same are hereby, sever
ally and respectively revised, and ali the power,
rights, privileges, in1nunltles, Limitations, pfohi-
Billions and restrictions contained IN SAD chafIeFS,
are hereby renewed, extended. anc maze aPpllGa-
blein full force TO each of sad Banks. respectively,
c,Gsar,, t,EfLsE HyYeGYf51g3S and Y1FGTYSJ J1IS5 hereinafter