The Gonzales inquirer. [volume] (Gonzales, Tex.) 1853-current, 1854-02-25
From tho Tndianola Bulletin.
Texas vs. Banks.


liz Texas to remain to the end of timo with
out banks ? Have our citizens every where
settled down perfectly satisfied with having
our State flooded with paper from other
States Arc they satisfied that Louisiana
bank notes arc better for our citizens, and
our State, than Texas bank notcsg
Our State Is suffering from one extremity TO
the other for want of judicious banking sys.
tenn. individual enterprise is every whore pi-
ming for want Of such system. Those who
have money to lend demand cxorbitant inter.
est OH il, and those who have enterprise with
out capital must pay heavy interest OH money,
or do without IL. Docs this state Of things
help cntcrprising men who arc born poor,
or those who were born rich? Docs ii help
the industrious and energetic, who are backed
up by an American ambition to rise in the
world or does It help 10 build up those who
keep brokers offices, have money 10 lend,
at r,iinous rates Of intcrcst that swallows
NJ. peoples mortgaged propertyf
w here Is there any use in having credit or
enterprise in Texas, if credit and enterprise
arc always 10 remain prescribed in such q
wholcsalo- manner by the StatcY Ono can
have the usc Of just what hc has earned with
his own hands, or inherited, or made by credit
which those in other States have given him,
or by the increase in the value Of his lnnt, or
soino such means, and but isw others. What
~,
or New York, with such a system for paraly.
zing individual creditp What would be tho
condition VI the United States at this time had
such system been pursued by them all
The banks of other States are now draw
ing heavy profits from Texas. Why not lot
Texas banks draw these profits, and scr,e our
citizcnsy Arc we not as liable to DO imposed
ony Are their bills not as liable to bc coun.
terrified ss oursY Arc they not as liable 80
break az ours would bc9 What if losses do
somstimcs occur by baiksf We suffer infin-
itciy heavier losses for want Of them. Let cv.
cry man In this State sit down and reckon up
his losses IN tho shape Of cxorbitant interest,
sarciilce of mortgaged and other property, land
untitled, enterprises half carried out for want
of banking facilities In the State and then let
them note tho evils OF every kind Of incident TO a
Jndicious banking system, and say whether
the State has done them favor by prescribing
bankss
a State so young, vigorous, and indepcn-
dent as urs--indepondcnt In lands and mon.
cy- may do wonders if not prevented by bad
legislation. Our agricultural and mineral re-
sources arc immense, but their healthy aud
speedy development requires the aid of in.
dicious credit system "A crisis and !. crash
may occasionally come. They arc inseparable
from enterprise and tho accumulation Of pro.
perty. Railroads, steamboats,, agriculture
manufactures, commerce, banking, mining.
fisheries, are all Of them parts of the great
machinery by which State develops her re-
sources and accumulates wealth; and no lcgis.
lation can manage this complicated mass so as
to prevent evils from growing out Of them.----
IL would be nnwisc TO overthrow them all On
account Of these evils, and ii Is equally unwise
to outlaw banking upon that principles.
PRACTICABLE TEXIAN.