Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-11-24
North Carolina.

The Legislature of this State assembled in
Raleigh on the 18th inst. and organized by the
election of Henry T.CIARK. of Edgecombe,
Speaker of the Senate; and THOMAS LErrIE
Jr. of Rockingham, Speaker of the House OF
( Commons.
N The message of Gov. BRAGG. like those OF
the Governors of Georgia. Mississippi and
Arkansas, is exclusively occupied in the con
sideratlon Of questions of State policy and do
nestle concern. Like the Governor Of Mis-
sissippi, Gov BRAGG has been receiving abo-
lition resolutions from Maine and New Hamp-
b shire, which he brings before the Legislature
in the following terms:
II transmit herewith two sets of resolves
from the State of Maine, and one from the
+ State of NV Hampshire, upon the subject Of
slavery and matters connected herewith. l
have not thought proper to withhold these
resolutions Tor it is your province and not
mine to determine what action, if any. should
be taken upon them. think, however, that
they are Of such character as no. to merit
any notice by the Legislature of the State"
ila On the subject of Banks the democratic
Governor OF North Carolina. is quite at va
rance with the Governor of Georgia and the
party in this State. The charter of the State
q Bank there, is shout to expire, and we trans
fer Gov. Braces suggestion upon the sub
ject:. ....s-..
fs Sat your last session bill was passed,
rendering to the Bank of the State "A renewal
of its charter. At a general meeting of the
stockholders In the City of Raleigh, the matter
was taken into consideration, and was inform
Lea
charter upon the terms contained in the bill.
As the charter under which the Bank is now
doing business will expire on the first of Jan
uary, 1850, although by law it is allowed three
wears after that time 10 wind up its affairs. it
will. in my4opinion, be highly expedient for
the Legislature, at this session, 10 charter
some Institution Of the kind, to take the place
of the Bank of the State, should il go into Ii
,uuidation II has been sometimes suggested
that the capital of the Bank Of Cape F ar
might be increased to amount sufficient 10
supply banking facilities To the community,
and 90 furnish also the means OF makinga SAT,
and profitable Investment OF that portion of
the literary fund now invested in stock of the
Bank of the State. But Il is uncertain who
Their the Bank of Cape Fear would accept Of
such proposition, and II that difficulty were
removed it seems to me that such an arrange
Inent would be objectionable. So long rs we
have banks OF discount aud deposit. it would.
in my opinion. be highly impolitc to build up
one overgrown institution which would have
the power in a great d gree. TO control The
monetary affairs of the State. The same
amount of capital divided between two bank
ing institutions. with branches in different
sections of the State, would be better and
slfer, as each will act check upon the
other. | have no particular recommendations
Il make as to the amount of capital tn OF
what il shall consist or a. to the details ot
any charter 10 be granted. Many schemes
will doubtless be submitted to you. aud |
shall only express the hope that you will he
able to select Que. which while il will hold
out TO stockh plders a reasonable hope Of fair
profits upon their capital. will ut ihe same
time afford ample facilities Ia the public. Nor
should II be forgotten that such al institu-
ton, properly conducted. will b. able 10 rand-
or import lnt and To the State In the manage
ulent OF her finances aud the pawn mt of her
debts.o