New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-11-22
,.,,,r. still rule the de.,inie. Of hA, member Of

.Tze ,re Of t,ese Institutions were tnrus;et 20 ms
--,--crt Of inexperienced and unfA-htu aSenA
CorHnsiou enhancement, and disaster we're te m
,sbla ,useousnces and Suspension OF tn-ir business
5,.5 A,d --kinz into consideration ths history u
80 ,ies tie fast tia. G he banking corp )raons o.
The sCuth and west had Al thst tine, or inne ii4eJ
therea.r suspended specie payments, en cil % 40
lrsi-ass /. i very doubtful whether widely i-ereut
-e~ vye-e practicable under the mo fthial ald
,kifful mans cement Then iuB0~ed the act OF tie
erisll-s ~ which these Banks were nlscet n ln'-
d~tion snd tlerc g irte couot ma, even men, tAr
bf,czc u.ich: hive been wound ~ with bas Little ac-
to- loss 20 tn Ste hsd Rot the runous policy 0een
adopted Of extending the iine o. payment 20 noe IN
del red 70 the cx.-aordinary periof o. tel years -ls
allowing III hoe who preferred elisrs-isn y the pay
ucnf r tlcir jUt ccht, time and opOrun ~ T. leave
tre Ste-s ar1 cary OF Their properly; the crea-es.
rcrlon Of With, IN many instances, was parcAaiei
wiz the very money drawn from the Banks.
IN: iheuurou- consequences o. ti- 70 me-, evsfir-
eoutreher-ils policy dad not stop here. Beta these
Bauks remained .uiJ provided WIKI o:;cers who col,
lected iut ntogt enough % pa ter own salaries All
Ia tis condition have they remained ever -ncs absorb
ing The asscts Of the nks fast - collected n he
p.vr,er: O. ueiess cs-crE and wien the lat dota-
Ihin have 5ccu wTuns from the reluctant debtor, tacn
the STATE viii be- len 20 fot the oil and assume TIER
sti'tie The -houd ce.se. B1tter orgve the DEBTORS
s.crce. and be done wfh the wloe afai- han longer
encurc tie conseq lcI e. q 81. , p1hcy.'
Passing to the subject Of SCHOOL, aud % tha seton
Of pre7ous Logsstures ia relation 10 the liberal grant.
Of lana from Congress io- tbcir establishment; be o.
jcc,s strongly 70 the Opposition CT The Funds which
had been raised by the sale Of .nds as he says,
"tecsu p +. was IN thandoar.ert Of nj intention 20
Z. rh. rs St-fc auf-o-fv, Semi OF Learning IN
cur STATE end because tie law bT winch ts was dIne,
but part Of that vicious dir,rtution policy wl.cl
Ire ol-ertd u Arkansas dsa,t-ouslJ 70 every es-
mate intDc-t'
He urges now that the funds be reclaimed AMI sp-
pror rated 10 tic foundation Of three secolegs,e in
s:tutionf, 70 prepare tic way for Common school,
when the population OF the State shlI be such rs 20
render the ntrOdu- ton u system possible. l1r-e
portion Of the Message Is devoted 70 the discussion 4
Internal Improvenents-in which he contracts his own
State with NJ ssachuses and others. little % the
credit Of the former-ani tie pac.dc Rai~'ly taxing
strong ground ~ favor Of making Memphis the EaoE
terminus He ia in favor OF allowing the ultios 20
tax themselves for the purpose OF assisting the Goa
structon # the read, Home toad exc npton has q
good word also a thorough geological survey Of he
State and in conclu-ion he strikes some powe- .sl
Bows at the purely diaocrd'ic d principles which
have heretofore been the basis OF ArksDas Legislation.
We quote a few paragraphs from .h.s part @! the docu
inert -
before State can become either great or prosper
QUE Of her~, those right AMI blessing - mr.
citizens for which governments instituted sine mn:
foster by legislative enactment, slc Ocn.i0ns Il m l.
vi6Uil wealth ana enterprise a. VIII give force an ic
ency 70 ell her effort 20 promote Tho general welfare
1--WE have no home policy, union o. carG', OF -
sCCiafOn Of CDerpics aud enterprise 20 seat ID to
development oi our rcsources and 90 mqcroa y O.
audcd by tie commercial mere L OF our ctE cu3.
1--WE have 10 SCm.narcs Of LesrninZ 8ud our son.
and daughters ire cert abroad 10 be eucatei AN 1ng
strangers ana instructCd Ia prnc les mu OF wicA
/ necessary they should uElearn tcrrcturn 70 thc
hCmcs thus pouring toasrcs into ne coieis OF
int ufiOna more hsn sufficient 20 build mp tinuir OF
better ones a. home where more appropriate cue
ton could be received By our young gentlemen M
ladies And thus 70 educate their Children, . my i"n;'
lies owning large estaies in hrSnnsas 'eni- a'.i.
They cultivate soil and spend the proceeds OF tn,E
lsbor among anoihcr people
I'VE have no Insurance Companies and u)u'anls
upon Thousands a dollars annually pad orf 20 40
ciated cfIft IN other Sa;e FOR ineurance upon orr
exports m buport-not dollar Of which RIMS
it, way back 20 AIkansas Thu, again, teaching as -
dsrust our own CapGl,ies to furnish those ece' all
Accommodations required Y The re PIE AMI tha' "e
TIE 10 look abroad for these things winch 'houd be 30
cured 20 us ~ home
1--WE have no monetary inati,u.icns nnosg -; y.
state Is flooded WIKI the paper currency 0t no. i-
e State thus ulettine ourselves q be mp)-e upon
ly sruiious and uusound banking insttli0ns abroad
about which we know nothing. and IN tlet Snlg'inot
can have hand rLtlcr than trust ourselves eni ~
fttUlioue OF IL = susceptible OF dem)n-tTa.
ton that the citizens Of Arkansas pay, IN the shape o.
disccurs exchange and interest upon foreign hank pa
per, than sufficient to discharge our entire State
debt in aiew yoars.
From these considerations would recommend tAat
such ssysicn OF legislaon be adopted - VII uppy II
thee noeessiiies 81 home that will tend 10 retain h'
pIOoGcds Of cur Lhor among ourselves and, ila WORT
that Arkansas may become 10 our Citizens what II Is IL
I nded .oycTIncr; should 5e &c il, p,aps-tie guar
dan Of their n h'. and protector oi their ineresi"
After speaking TO some extent in xfanaiion Of ssys-
TEN OF Free BANKING he closes thus
In cCucusou, without coin into tie discussion o.
IT, al ect 40 length Won rerC nrnend te uriy
ment 81 ln-urancc Compai les in principal q = oui
q passage O. law Authorizing to ctlshm,nt o. ne
Free Banking System upon secure and well guari Il
baia.
you have my view, AMI The rssult NJ my !cc,i1rs
urcn ;koc iui iclts deemed by Of the gelo~l
muofaucc nnJ in the most direct manner nv living tls
iniIet o epe pie Of Arkansas. ltaey snail be mii
tie ba.s o. your .gliion, htl hope flr future r
ArdaEsse ic;tcr tiln h,s pi.iar brighter han .3
can ever attain under tie policy winch has long fc,f,r
sfl pafoyzed Ter and st!lw.r lolis haf ,-0n
tie rec a. ifTrcvcmcnf.'