Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1856-12-24

institution. We are not, therefore, in o condition
necuniarly to be influenced in what we may think
or saw in relation to the State Bank. If we had con-
shifted our political preudices, we might have op-
rosed its application for a re-charter But we have
MT been governed by prejudice, nor shall we be-
lot the Bank stand upon its own merits, and let it
he Judged by its acts. 1t has, we believe, been gen.
eraly we,l.managed. 1t has afforded sound c'rcu-
ating medium for the people Of the State. 1t has
Maid large dividends for the support OF Common
Schools and it has been of great service to the State
Treasurer in meeting his liabilities here at home,
md in paying the interest due on the State debt IN
New York. Whether it should be re-chartered, with
the comparatively small increase of capital proposed,
ood provided the difficulties arising from some of
.ho details in the charter can be compromised be-
tween its stockholders and the Legislature; or
whether it should be re.chartered with largely in
creased capital the part of the State, and on the
conditions rendered by the last Legislature; or
whether new State Bank with large capital should
Ia established and the five hundred thousand dol
lars Of the Literary Fund transferred to from the
nresent State Bank questions to be considered
and solved by this General Assembly. 1t is sig
n;6cant fact however, connected with the relations
If notical parties on this subject that on Saturday
,,st every member of the "American" party in the
Commons but two, voted for Mr.. Caldwers scheme
Mfr. Baxter having, in his remarks distinctly
,oods the issue 6etceen that scheme and the present
S,ate Bank 1t is not to be assumed, however, that
81, those who voted against the "People's Bank
are in favor of the recharter of the State Bank nor
that all those Democrats who voted for the "Peo-
Mos Rank" prefer that scheme to the old system Of
banking, or 10 large State Bank This is our opn-
i'm though we do not propose to give just now the
-o.sons On which it is based We think, in view
osnecalv of the vote on Saturday. that the time has
arrived when those who control the present State
Rank should repose more generous confidence
in the Democratic party and in the Legislature OF
Tho State. There is no foundation, in our opinion,
eor tho anprehcnson that the Legislature would op.
,ress the stockholders of that any other mstitu-
t;on nv heavy and unjust taxation and the sooner
+bs .nnrehension is dismissed and the sooner the
immersion that some, and probably majority, OF
N. stockholders of that Bank look with dstrust on
the legislative power to exist the better not
only for them, but for that harmonious working
which is so desirable between the State and corpo-
ratcns of the kind referred to-
Tn conclusion, we think we may safely venture to
assure the people of the State that in the first place.
their currency, while it will be increased by this
General Assembly, will at the same time be pre-
served in soundness and purity; that no scheme,
looking to the benefit of any particular class as
stockholders, can he adopted; but that State in
sttutiou, with capital sufficiently large, will be
created which, while it will furnish good and an
abundant currency, will at the time constant
" and efficiently aid the Treasurer in his fiscal trans
actions, and. by its dividends, greatly relieve the
neople from the burdens of taxation.
w- We learn that the City authorities have
been engaged in investigating the rumors Of insub-
ordination among the slaves, and have come to the
conclusion that no discomfort exists among this class
of our population and that the fears which prevail
among portion of the ruling race, are without
foundation Some shot, and some deadly weapons
and firearms we're found, and those who had them
in possession have been punished; but it is not
supposed that these weapons and arms had been
provided with reference to any incendiary end. 1t
is against the law to sell powder and shot and fire.
arms to slaves and free persons of color. If white
men in this community have done this, let them be
ferreted out and punished.
Mr. Intendant Haywood has discharged his duty,
with reference to the referred to, with ener-
gy and fidelity. Our citizens may rest assured that
strong guard will be out and that good order will
be maintained during the Christmas holidays