New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-15
aIiQ gyrtsttat.
HHI84T MORNING. OCTOBER Is. 1853.



Yhe Brandon Republican urges upon the LegisIa
&nre 81 MisaEaalppi, which ID 70 meet in November
gbe importance Of sundFy specified changes in til,
laws 1T aHr sister State. Among other changes III,
Republican proposes tile following
IN making it a heavy penalty for any man ia
pass bank note Of any denomination in this state
N ae aFa hard money people let Us be 50. We are
annually building up bogus banks of other states,
and We virtually admit hy taking the bank paper Oh
Louisiana, Alabama, Tennessee and other states,
that banks may be managed there, bnt eannos "
conducted I'M this State. II we cannot haYe taea "
home, let rs not encourage those abroad l1et " "
CONSISTENT and not run the risk q anotner PANE cam.
about foreign paper money Il bank oIeaNs 19 40
a-days In an adjacent State Mississippi loses u y
makes money and prospers Missssippi pays z large
uronaFtion 81 chose profits She has all the evils and
none 81 the substantial benefits Of the banking sys-
tenn We care nothing about " party "a llatteTs
pertaining ~ the best interests q tne a1ate, ana
isbipg all foreign bank paper from the State let
II he done b whatever party i may,
FFpoa tia foregoing the Vicksburg True Southron,
~ i6s s1sh comments III this wise:
Ws most heartily second this proposition. The
psone 81 Mississippi profess to believe that banks
aFe saindEng shops that the whole system is
inherently vicious and no good can come of them.
II they really believe this, let them prove their
faith by their works. and exclude from our borders
every species Of paper currency. II banks are bad
HE e8tS tt4fSuH IfOLl SuOuLu De SGQulOuSIV
guarded against. III they are good let US have
banks ct our own-banks that are subject to our
own control and amenahle to our own laws At
nfesant Mississippi suffers all the evil and enjoys
rome ns the advantages Of the banking system.
The Louisiana banks, whose notes constitute our
currency are controlled by men who are strangers
70 as, and governed by laws made by other people.
lhis II ah wrong, and we hope the Legislature will
hAye the manliness TO exclude, under severe penal.
ties, bank paper ni every description. We have got
nd OF the small shin-plasters, let US now root out
the large ones or if we must have shinpasters let
us lave them OF cur OWL. We do not see why
Rome promises to pay should not be as good as
foreign promises,
There is no doubt il the Mississippians wished to
aet consistently with their professions they would
attempt ID exclude bank paper of all denominations
from circulating within their jurisdiction We say
aitsaptas itswonld only be an attempt--for no law
tbat the Legislature could pass would suffice to effect
the object in view. Were an act Of exclusion in
Forces all the editors in the State would run the risks
md gladly receive Louisiana Bank paper for their
dues the doctors and lawyers would take it for their
fees; the merchants and traders would sell their
and wares for it and the people would
violate the law 50 universally that If some unlueky
ielloW should be picked up it would be almostim-
possible 70 obtaina gutless jury to try him before in
my coanty in the commonwealth Such laws are
nere noakeries. IN fact they are worse than mock.
cries fof as they are always disregarded disrespect
81 and characterization to, all law, imperceptibly but
surely springs up IL the minds Of the people.
However, we have no objections I'd urge against
she passage Of tie law proposed. We can find pro,
table use for al the Louisiana Bank paper we have
got and al Wei are likely to get.