The true Democrat., 1856-07-22

"e"ty ttoO GOt1ouHtt, LH7ee RuHtT6U QUU tt5cHty- seven doltars and three cents, in Arkansas state bonds and interest had been cancelled and filed in our Treasury as fully paid off,
 With regard to the suit against the Real Els tate Bank, in my message to the General As sembly, on the Eth day of November, 1854, I stated, that the executive is fully aware, from the history of the past, that public officer can seldom or never faithfully perform his duties to the public, against those controlling and having in charge millions of assets of bank, without encountelng, through them and the presses and individuals under their influence and control, all manner of opposition, and often vlndlctlve hostility and abuse; and that the op- position sprlnging from such source is active and untlrhg and that 1t may often be the foundation, whilst other preteXtS are given for hostility to measures, the best and most salu- tary for the public good. Notwithstanding all this, as a servant of the people, and to protect them from heavy taxation, 1 have in the dis charge of my sworn duty. but against a most powerful combination of interested individuals, endeavored faithfully to execute the laws or the subject of the Real Estate Bank Whilst the most bitter and vindictve abuse and de- nunciations have been and are being almost continually heaped upon me, as if to punish me for honestly executing laws passed to en- quire after two millions and near y half of assets of the Real Estate Bank, and have them accounted for and faithfully applied towards paying offthe State debt, 1 have with as much torttude as 1 could command, borne it al and never suffered myself to be diverted from tpe line of my duty to the people of the State. r If the time has arrived ill Arkansas when a powerful bank combination control the peo- pie by artful devices, systematic abuse, denun-
  who faithfully discharges his duty, and protects the interests of the State and people, I am much mistaken. rely on the virtue, ntelli- gence and honesty of the freemen of Arkansas and feel confident that 1 shall be overwhelm- ngly sustained; and that this bank combna- lion, under whatever deceptive banner it may wage its political warfare will find many hon. est men deserting their ranks-repudiating the bank, and by their votes testifying that they duly appreciate what 1 have done towards ex- tlnguishing the state debt and restoring the tar nished honor of the state.
 The people of the state are much indebted to the patriotic members fthe General Assem- bly,, who, at the last session, cordially co-ope- rated with me m adopting sound policy and enactlng laws essential to protect the state from being plundered and bankrupted and to enable the executive to accomplish what has already been done towards lessening the state debt.- The line of policy adopted, works well, and we ought not to depart from it, for the banks should be required, as far as possible, to pay their own debts. The constitution of this state, in sec tion two, under the head "Revenue," pro- vides, Y hat no other O. greater amount of reUe nue shaU at dhy ttnle be leUied Mon required for Me necessary expenses of the goUe,uneent, unless dy c concurrence of tt0O-hi,ls 0f boM Houses of tue General Assembly," This is d wise and ju- dlcous provision, which will shield the people of the whole state from exhorbltant taxation.
 With prudence and economy ill conducting the affairs of the state, the revenue under the act which l approved on the llth January, 1855 has been sufficient to defrav the ordna- ry expenses of the state; pay for building large and substantial stone wall around the pententiary; pay for building capacious and excellent slate covered brick building for workshops at the penitentiary; and also to re- deem all the out standing state scrip, and leave ln the treasury, subject to be used for ordinary expenses of the state, upwards of one hundred and fifty thousand dollars in gold and silver For more than fifteen years the expenses of our state had been paid almost entirely in de- precatad bank paper or appreciated state scrip; but now we have gotten rid of both; and all VI silver, and I hope we shall never, again, in volve the state in debt so as to make it neces- sary to issue scrip to pay ordinary expenses. With sound policy and proper economy we can and ought to adhere to the constitutional cur rency of gold and silver
 Fellow-citizenS, by the generous confidence of the democratic party, have been placed before you as candidate for re- selection to the office of governor ot the state of Arkansas. Since 1 have held the office it has been my earnest desire and constant endeavor 50 to ad- minister the government as to restore the lost credit of the state, drive out of use deprecia- ted paper, supply our treasury with the const- tutonal currency of gold and silver, faithfully execute the laws, protect the interests of the state, promote the public good and merit your appreciation l am willing to be judged by my official acts. The records speak for themselves. If you think 1 have done my duty as your servant, feel confident that you will sustain and reeect me. You are my judges and am glad of it, and shall cheerfully abide by your maj estic will.
 l have the honor to be,
 Your fellow citizen,
 ELIAS N. CONWAY.
 Little Roch, Ark, 18th June, 1856.