Monongalia mirror. [volume] (Morgantown, Va. [W. Va.]) 1849-1855, 1852-01-03

10 ixing the New Orleans and Nashville ria
N, Win what iice could be 20 thrre.whiI
" bis wnscitg epsldle und indifferent ?.
How cputheyask other SIulrs ia pe,lur
he their nart cI;ilic,work, .,,hoA. he catI.l q
ns noessnfenry ihat his own would exec,I
Is lis part Of the contract? Ileconld moi I
= II. He would 90 10 Tsunesse, however,
n. the resulto biz election should 10 Of sllr
m a character as 10 oenable him 10 satisfyli
q people that Louisiana wasaruused, Iii o.
/, citizens gayeanearnesto their determ
a natipn TO stand By those who arc for Ne
i. Orleans above rarty,he would feel som
e confidence in presenting himself befoI
:. The people Of other States 10 ask th-
a cp-opetalion. lie had written 10 Colon,
Il Tarpley, Of Mississippi, who was at ID
il head Of the movement fur The Jsckso
4 road, in that Slate, thai he was not ye
J. prepared 10 give favorable report Of Id
q siaie Of ieelilg Of our people, and ina
( there was actually no law ii our yoluni
4 nous Legislation. under which a conipah,
!. could be Organized 10 connect our civ arl
State with the resi- oi the Union. Th
. iramers oi our corporation &c, appear /,
have been entirely ignorant Of the com
+ mercial wants and necessities OF our city
, They were, no doubt, patriotic, bnt wlia,
respect could he have for their ioresiph,
or practieat capacity b -
Off Robb then proceeded 10 iit6..
trate some Of theadvantages Of railroads.
Population had always advanced with
such improvements. He. referred Ia
London, where COCO houses a wear were
built, mot London the seat oi decay.
ing empire, but London the centre Of 4
mighty population, energetic, 'inlelli-
Igent; and freedop-lovihs London:
which cherished that liberty for which
John Hampden fought and bled. Here
would be seen the amazing fruits Of
railroad enterprize, BY which the most
extraordinaryaciivity and energy were
eommuniraledto every department Of
trade and life, which rendered the poor
rich, and the rich richer. Some sbeeu-
laiors aud projectors had been broken BY
these enierprizes, but The masses Of The
people had largely benefited Come,o
our own country, andour nrighboring
State Of Georgia. Look at Sayahnah; 4
town Of 10000 inhabitants il was
deemed necessary 10 run railroad 100
miles 10 Macon, in order 10 open and
develop country rendered nearly val,
ueless, for the want Of communication.
The road was completed, and a will.
derness was then redeemed for culture
and production. In consequence Of
this road the lands Of Georgia advanced
rapidly, until they increased in value
one thousand per cent. q
Mr.. Robb then passed TO The subject
Of Free Banking, This question had
excited much discussion, and the pub
lie Were entitled 10 lis views ON il.
There was loud cry for more capital,
more banking. New Orleans, il was
said, was langnishing for the want Of
Z E, 49, hanGht be had already
SHOWN that The want Of caniiaf W., W.
secondary to the want Of credit and In
'srnal improvements, improve lheirl
avs, give proper guarantee 10 capital.
'educe their burdens and tuxatlon. can
lal will come HIRE as certain as ti,e {
aowstothe Gulf ewouId q
'ote fora judicius system oiFree Bank
ng, buifor no oiher;he would vote for i
ne BY which ihe publicwould be secr- {
Cd against fraud and drfalcaiion, y moi s.
y one which afforded no protection. a
Vt redeemedlits issues out Of The IN, h
's'ry ofihe people. + p
~ was well however 10 understand e
'ese maliers;all the Banks in the, ,coun.s " y,
y would moi create any more enpital p. p.
ne, He took II for granted That ma iil
e would seriously advocate The ida q 9
banking on lionses and lands. Tho lo'
ly sale basis ioF new hanks was con. s,l
Tered 10 be stocks. But where are vi
: stocks in Louisiana 10 hank ti;b3ni We
Iere are none here. U. States STOCKS To-
! held in fewhands, small amounts. s''
are not 10 be obtained. The State
cks are all held abroad. When our kir
dit is resiored,-tsxes rcdacpd, tI.e ex,
sernment reformed, when you nav ga'
" interest on your debt, then ,nt. sec
y have good stocks. Al present line lais
ration oiihis system is as follows riol
lpose ne geta licrntP to-morro@ IA exi
ib'lsh abank, with lialf a million
l'al' with siocksior its basis; Uniled {
rs stocks wrfs a, a premium / {; psf Lea
: rgnnsylyania 5's were al 90 Nsw sell
\ i'rgInia, and Tennessee al aJprr. dsy
M but Louisiana siocks Eorher dsbt HE
per are worihiromd so 10 So. IN don,
Free Banking Law, the Issue /. lin. cum
toI9 ner cent, Of The stocks demos. stat,
50 70 bring here, The requisite sioeks I eralI
INK upon, tie State woIild lose m as a
renee between rs and 81 or So and 10 q
a. least SsOOowonld be withdrawn
SHE active and circulating eapilal nj
2 State blythe operation.p Ions /,
: ...n i'oop next referred 70 another piled
Wn'en ~ ahrcied capital IN this meni
.'y bsiorcllhe discovery Of Cali had Il
y. a.,erw !, < was ihr eliiei enrrercy Of the 4
country, gold was boarded, and a
commanded o premium Silver al.
use and i,ansso.,a; ,'sy"sen'en' LOT land,
s'',ghi fpfas q substitute. They as,efI ,
'no,ss ~, N IVY s'lVeI kanu ilrnpp