The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1857-01-12

will, in its progress, fully test the rights of
the corporatoTs. The Supreme Court have al /
ready intimated such an opinion, in regard to
the adoption Of amendments to bills upon the
passage, and must, inevitably, render the char
ter a nullIty.
Ia view of all these facts, it is my solemn
conviction, that public credit and confidence
can never be given to an institution of this
char cter. | recommend, therefore that the
eharjer be expupeed from the statute books; or,
failing in this effort, that al connection be
tween the Bank and the State either by de-
posit o. funds or otherwise, tie prohibited, and
that it be prevented from re-iSsuing the notes
of the present State Bank, by the penalty
OF fl r eture Of the securities received there
FOR.
! h charter should be promptly and ahso-
lutl repealed, 50 that no sanction, whatever,
to its legal existence shall appear on your
statute books. The state Of the public funds
sho i'd also admonish you to prohibit the re-
cepdon Of It's issues for public daes.s
ihe Legislature oweH to themselves, to
the cause Of honesty nd.justice, to the credit
OF the State, and to the constituents they rep
resent, to take prompt and decisive actions III
the premises. When the Present State Bank
shall have been entirely wound up, and all its
affairs liquidated, should the people then de
sire another institution 10 secure it, their rep
personalities will come instructed 10 that end,
and can frame a charter which, guarding the
rights OF all shall not be subseryent to the
| purpose ofprivate speculation. Fit TO good,
The whole people should be permitted 90 ar
ticpatc in its benefits; if it be 9th rWise it
should be promptly suppressed.
1t may be-said that the new institution is
-, -. l.. e., l
and that their rights of property should not
bc-dlstuTded. In answer, 1t might ! e stated
/ that they purchased the stock with full knowl.
edge of the frauds; that the stock. instead OF
passing into the hands Of our citizens our
farmers, merchants and mechanics as in the
: former Bank, eng transferred TO men be
You'd our limits, who have no other interests
in the property Of our State, than to make il
the theatre Of their specu.ations. Nor have
we any guarantee, or assurance, that however
solvent the present stockholders, the stock
may no., in the first moment Of disaster, bC
E transferred 10 others, without character or re
Isponsibility.
: With the extended powers ard privilege.
conferred on this institution-its rights to is
t sue posi- notes, to discount on deposits, and t.
defy scrutiny. or control the Legislature
f is believed that no prudent capitalist would
7 invest his money IN 1t.
fl ELECTION PRoCLAMATIoN.
a The Legislature of 1854 having failed t
pass an act to district the State according Il
the requistion Of the Constitution, the execu
tive. issued a proclamation for the election
of Senator's and Representatives. It is al
essential principle, in forming constitution
that the government should contain within
n itself, the power of selfpresefyaton Tn
( neglect of one branch Of the government L
4 perform its duty, will not Of ITSELF work
t revolution, and destroy the functions OF govern
/ ment The executive has no legislative pow
g erS, and in issuing his proclamation in rela
,f ton to the election, no legislative power wa
ri exercised. The proclamation was necessit
! of the case. Fakirg the existing apporlion
:, nent it recommended the election of til
; members of the new Legislature upon til
= same ratio. Convened under the coustituto
. and clothed by the people with the soyereg
# power that belongs to the General Assembly
: it is the duty Of the present Legislature t
q determine the future number of Senators an
q Representatives. and apportion them anon
q the counties according to the male popuiaii0
o above u years Of age.
, EDUCATION.
= The wisdom OF many of the changes In 70
q duced by your predecessors into our Educa
. tional Code, has developed itself more an
@ more, during the two years which have trans
: pred since the revision. Though not periec
q 1t has fully justified all reasonable expectation
and confirms the belief that it rests on q basi
? OF sound principles, and reliable experience
! The Library system has more than realize
q the expectations Of its friends, AMI fully re
# deemed the pledges of its most earnest adyc
Gates. The extent to which it has been use
j IN many townships in various paris OF til
al State, seems almost without parallel, demon
o. strating its power and usefulness as an educa
i tional inStrumentaity. | would most ear
;. nestly, recommend that it be made perma
,. nent feature OF the system. A reduction
: the present tax for its support, of three fifth
! would be no detrment at least to It's health
n progress.
!. The peculiar acquisitions of the Constitu
i ton, as defined by the Supreme judiciary
"a the State, compel the Legislature to conside
n the claims Of our youth to period Of tutio
. adequate to their wants, ami equal to the
. necessities. The townships have to a erea
;. extent, nobiy entered on the discharge of the
: duty, by the erection Of school houses; havin
n levied, within two Years, more than tire
- quarters of million ofdollars on the propert
- and polls, for that purpose. Being deprive
10 OF the statutory authority to assess a tax fc
n tuition, they look to the legislature and do
Nv tnand a redemption OF the constitutional pledg
=. TO furnish the requisite a.nOunt of funds 70
~ this purpose. No consideration of cconom
II should induce the Legislature to postpone III
~ redemption OF the educational pledge of tn
In constitution. OF equal urgency and necessit,
w Is the want of competent instructors. Teact
~ ers' Institutes, or Normal Schools, are IL
IF appropriate remedies for this evil. As III
10 State has not appropriated a dollar to th
n purpose, heretofore, the questions natural
l. occur. What does economy demand an
~. justice claim?
ID When the townships erect school houses, III
h. State cannot honorably eyade. postpone, or r,
n pudiate, the obligation to provide the apprt
= pirate means for six months tuition annual