The miners' express. (Dubuque, Iowa) 1849-1854, 1853-06-29
The atlanta Bank of Gsorgia-,eriminats
"a. "a


The vagares of legislation in these United
States, especially when that legislation is foI
the purpose of comforting special and extraor-
binary privileges upon corporations or indvid-
uals are without number But we do not now
reooIlect any case in which q legislative body
has made itself SO stupidity ridiculous as the Sem
ale and House or Representatives of the State
of Georgia in their al ton in chartering the At
lanta Bank. We copy section of,he charter
in proof of what we say
Sec. IL That the Atlanta Bank shall be
permitted and is hereby author zed to issue
bills or notes of credit payable 10 bearer on
demand, signed by the President and coun-
I ignei by the CGshier--but the total amount t
debts which the said corporation shall at any
tine owe, whether by bond, bill, note or other
contracts, shall not exceed three times the a.
mount of the Capt. al Stock actually paid in,
aud in case of excess it shall be the duty If the
President and Cashier to notify the Governor
in writing OF the excess, upon-the receipt OF
which ii shall be the duty Of the Governor to
issue his proclamation, declaring the Charter OF
said Bank forfeited in consequence of said ex-
cess, and calling majority OF the Stockholders,
who shalt have power aud authority to adopt
such measuers as may be deemed prudent and
effectual in bringing the affairs OF said corpora
ton to speedy close but said Bank shall is
sue no bills or checks, until Oae Hundred
Thousand Dollars of the Capita! Stock have
been actually paid in, in specie.
If any legislative body should, by special
act, define burglary 10 be crime punishable
with Imprisonment, and should the act declare
that it was the duty Of the burglar to inform the
Sheriff Of the county where the offence was com
mittad that he was the off nder; and should the
Legislature neglect to make other provision than
this for the detection of criminals guilty Of
house breaking, what rldicule would follow
Yet, change the name of the offence and you
have the action of the Georgia Solons, in a nut
she'll Read the section quoted above carefully
and YOU will see that we do not mistake The
bank has, if paid up, (Which is more thln doubt
ful,) capital Of S3J0,000 Upon this capital
NAV be issued evidences of indebtedness TO the
amount of 100000. Ifthat amount is exceed
ed, it becomes the duty of The very men who
are guilty, to inform the Governor of their GRIM
inality, and he proceeds to punish it by closing
the doors of the concern! As the books of the
bank are specially exempted from examination
by the officers Of the law in any suit in which
the bank is party, the inclination of the Cash
Ter and President to crimlnate themseIves, offers
the only chance of pun 'shment for the abuse of
power with which they are entrusted What
that inclination would be,-you, reader, a-e a
Competent Judge.
No better evidence than this same section a.
is wanted to produce the conviction that the At
lanta Bank was chartered for fraudulent pur-
pose AS YOU would wish to secure yourselves
against loss, as you would keep the legal issues
of the banks of our own State in circulation, do
not touch or handle, upon any pretenee or prov
ocation, the notes of this red dog concern-Ga.
Jeff