Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1852-06-19
Free Dankink.

Al M# NMNE GR&41 >
dstiss aild lights md pgyvsrs ~ clear,
defined. aud in M ab4ptoe 81 such def
inits ihstraeiiop IL thu fphds.dbstilal law
there Should W no A~eenst,uctaon In orde.
10 make lhst legal which, though no,
very clearly Unconstitutional, IL nevsrshe.
less ios iaerse clearly censaitaioaaI.
Tie Coilsllntion may not specify the
fotn OF laws To be snauted, but Ii may
contain general principles BY which the
Legislature can safely guide itself In the
passage Of laws for the gsnsrsi goodr---
The new Constitution ssvtt 10 BIO framed
for Louisiana, ought MOI 10 deHns The
exact fuffn Of financial tews, bot IL should
Eeontaii certain principles which should be
80 clear aud we'll defined, that no danger
OF their violation would occur, In building
up d new nIlaheiat system FOR tile State.
kndeea The Constitution might contain u
elaise expressly inhibiting The granting Of
any charter for banking purposes, At the
same time, L might point out the way
whereby banking could be carried on, but
upon . basis 30 sound aud general, that no
evils could arise under them TO mar the
system OF iniufe The public Interests. Tie
New York law makes 1t requisite for par.
Ties wishing 10 do banking, TO deposit
@E. -. [tG4tg. n r. EE ~ FL tE"-
with the State Treasurer or Comptroller,
A certei, amount Of public or reliable
State stocks or company bonds. The
State then endorses tint amount Of bills
(bank fules) and hands them ever 10 the
PARTIES thus depositing. I nm not certain
that the State does hot require the deposit
of a per eeniAse more Of stock n. par, than
the amount Of endorsed notes at any
rate such 10 a Requirements of the Ohio Ia ",
the Slate paying TO the said parties the
t~ate,est on The oveiptas stocks thus do.
posted. In Ohio The lesis of the State
deposits Ia the stoek Of that State, United
States bands, OF The stocks Of any State
which are nt pal. aud the intsrss. on which
10 promptly paid 4't.j 6 y
This is probably the mos, safe and eco.
touiicnl way IN which II could be Jone.l
IL 10 not difficult to see that this mode OF
insuring The lbilts of the banks, makes
them perfectly safe, and no person need
ever loose one dollar by them Indeed
this 10 the only manner now In which
banking can bo carried on III this county
and DO satisfactory TO oil parties.
This system must DO adopted or the
whole fabric Of the monetary world, at
least the syssems now III operation will
fall before the enlightened sentiment Of
public opinion. Il would be a waste Of
time to argue against the creation of any
more bank charters, In this connection
and | will only ray that some is,icl, 4 law
must be enacted. or we must make silver
and gold our only circulating medium.
This latter ID out Of the question at
present, beeuase we have not enough, sil.
yer and gold 10 meet tie public wants.
We should need not less than FIVE hundred
million dollars. Of coin TO meet the wants
Of this country. and we have MOI. the half
81 II now IN the United States and tho
manner In which wo are shipping our
coin 70 pay commercial balances
Europe, will prevent the accumulation
Of sufficient specie here to meet the public
demands. Our financial systems should
oe shaped 80 40 ultimately 70 bring about, :
- near as possible, the universally Of the
system. The free banking system
9 well adapted to meet such an issue 9
Che people Of this country need a greater
tmonnt Of national coin, and a greater :
Of money than any other nation '
n the world This arises from the form '
our government, which ~equalixes all .
lass aud mere generally diAnses wealth '
han any other government III the world, )
man may here, If he chooses, obtain y
wealth aud consequent respectabiiity.-- :
accumulated to-day may be scat. J
sred tomorrow, and tho long horded dol y
hrs Of the missr who dies may become !.
property Of ! spendthrift and be scat. !"
cred abroad with q lavish hand. The :.
DOR man q the morning 10 Transformed :.
lto the rich na,i at, night, and the purse !.
roud sristocrat who lays down to dream
{ hts dimes and dollars, may wake to find =
aey, have taken wings and fed sway"
his constant fermentation and upheaving
I the social system influences In . great :"
leasure our fusnoia. matters, and our =
should 10 70 shaped as to make 10 ].
rm and reliable q currency as our circum- =
ances viii permit. The old systems are
roved to be eminently defective and dis e
'trons---let as Try another which promises
., but % far as il has been tried, meets
. highesl expectations Of all. =
The CENSUS 81 FaAscE.-From the 81. 81
report published in the Paris Moui- $
" Of the 14th ulf., we learn that the
,pulation Of France III 1851 was 1871, %
II. In France the census il taken every le'
years, and we may refer 70 the last he
ght enumefations as the best possible In ~
Nattn,tt If ~ rrc0rnsS ne Yh.r~rxs. nj.