Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-06-23
eFrom the Union aud American)
Thomas Martin, Esd,


in Giles county. His card, announo.
ing this determination. will be found
below. We had hoped to see him a
member OF the next Legislature, for
many reasons: one OF the chief Of
which was lis great experience in
finance and banking. He is now,
and has been for many years. a lead
Ing director in the branch of the
Planters Bank ut Pulaski; and yet
we Know OF no man with whom we
would be more willing to trust the
settlement Of the question of the ex-
tent to which banks shall be restrlc-
ted In their powers than THOMAS
MARTIN. We commend particularly
his remarks on this subject to the
reader, as true exposition Of what
the Democrats Of Tennessee are con-
tending for in this canvass, and we
DO not see how any sensible and rea-
soDsble man can object to these re-
forms.
Fer vigorous common, sense, we
have never met the man we thought
Mr. MARTINS superior. For Old
fashioned integrity be has but few
equals. AS a Democrat, he stands
upon principle and never swerves.
whaierer exigencies may surround
him. He is one Of be few men we
have met in life whose Democracy
WAS above The communicating inda-
eDce of fortune. There is that an
tngonisIn between capital and labor,
which, unless man can take broa-
der view than his own selfish and
merceEary interests, viii, if it does
mot throw him ont OF the Democratic
lparty, so modify bis Democracy as
to render il powerless for good
though not unfrequently capable Of
baTm. We, therefore, este, IN Mr.
MARTIN the more 70 know that h9
is possessed Of a POLITICAL integrity
which stands above temptation lie
lis not Democrat merely from as
Isociation, prejudice, or private in.
terest, but upon hose convictions o.
the mind, lased upon patriotic con
sideraiions, which take root in The
heart and become Gxed principles and
the rule of action.
We should have hailed the cleo
ton of Mr.. MARTIN to the next Gen
ieral Assembly of Tennessee as a
matter Of congratuletion throughout
the State.
TO lie Citizens Of Giles County:
Having declined, for the second
time, the nomination of my own pc
litical party, to canvass fr seat in
the next Legislature of the State as
County Representative, regard it
ias duty to my own political party.
to say chat none of the issues pre-.
scented in the series of resolutions
adopted at the State Convention in.
Iduces me 10 take the step a second
time. Particularly IS this the case in
reference to the resolution touching
the Banking Institutions Of the State,
meme of which did l Understand
more clearly. The object aimed at
in all respects met the appreciation
iof my Judgment and experience
! To restrain the Banks in the legiti-
mate bounds Of business. aud to give
increased protection anu security to
note holders. as we'll rs to guai d
against future fiauds and failures oil
Banks, constitute the main objects
contemplated by the Convention
And surely great political party
that has so long held the reins Of
government and public confidence
could DO no less. No sudden reduc-
ton Of Banks, or ahrogation Of
Charters, was intended. Banks
should pay their debts and redeem
their notes promptly, individuals
have to do this, or their effects have
to be disposed Of for this purl ose.
! If we could all consider and COM
Iprehend alike the material, the uses,
land functions of money, and the me-
cessity of fixing It's value by Sover.
eign Authority, i would be an easy
! matter for Us to agree that none but
! Sovereign Authority should have its
control. The people are the sover-
eigns, and they have secured liberty,
property, aud the pursuit of happi-
ness, by their owa constitutional
compact. both to themselves and
their posteri.y. Do re not surren-
der a great Deal when we give up to
corporations the practical power to
interfere with the standard Of Valuess
| think SO, and hence my lot amongst
l.Nbo 4