Bank of the State of Alabama (Tuscaloosa, AL)

Article Text

of The state Alabama in terest of on the inst., the Bank State alter of them burden imposed or of the the part immediate liquidation. institutions, are laws, five The under State Banks, existing compelled and the on ayment each other deposite, law well obliges to but banks endorse insolvent, The abominably mismanaged and into of to debts. This absurd those which are Branch not Mobile liquidation* is inThe better. Tuscaloosa The other three branches consider themselves with from the their other solvent past redemption, Bank is scarcely any olvent, and if relieved and the concerns, connection the State can they say resume. government, is the the and best, Branch perhaps reThe Decatur The tax to Montgomery or no circulation. made cently Montgomery of board held directors recently the New consideration Huntsville has partial little attempt to pay. meeting The to take York into at expediency not avail much paper. and about, brought Liquidation The some new crop speedily to more promise 10 per cent for or resumption bank must of be Cotton, abundance which in than and ever consebasis, before, at low very quently prices. an but the to abroad, impulse that quarters represented must move upon These specie low prices advantage may give manufacturing will be of in and the favor against continent England.of the The and sound continent steady specie over those the gives of exthe fact recent which England. that in the on France citement England, 20 That of a cent had linen per duty yarn. imposed the is fills a and with duty, steady currency prohibitive, a look tariff while with upon they alarm, English spinners of in 50 the their cent United upon per manufactures with Bank think States National unconcern, a with be that fluotuamay they established of no The sound tariff any ting avail. paper currency, of in the policy contained speeches sagacious of are those which Alabama, Mr. policy and views Hon. Dixon H. Lewis, Alabama in her speech fiscal of July 11th, planters should the and will clearly govern shows, that prices should Lewis is ably to the interest of steady, the as follows on that it the currency corroborate expansion gaged. be low and time, I could full most effect of paper am my staple enfavorable If by had showing the the business in of which that great echanges, exrise takes a of one increase cotton views Glanting, Every rise in the balance price of foreign place in the cent lot in port, creates which, still 1 greater It is said, that price an of every city becomes is, that under of our currency cotton is telt that rise, in the whenever fully cf bank producing issues. rise pound Boston, on because, the signal sir, for general raises price the cost of the of article. in the The even above doubtful the increased to me, place whether from 1833 every to It benefit 1836, was cotton Hence! cotton very which the took uthern country and paid for bought it at price not serious of bought injury property to at that low larger prices, class, No who man could prices for the those high, but who it greatly credit injured at the highest itself, even prices. at the rose high only from cents, negro Cotton of property makes such on property reason, pay for that while men rose cotton price, about from doubled, five dreds colton of cotton, hundred eight to sixteen to two drupled thousand in dollars price. the Sir, property hundr which cotton they was but property qua tell you, cotton, that all was cotton done at nine cents ten thou lb. ever planters made Five by thousand raising pounds when of at showing eighteen the cents, singular property, rewill low. buy will be negro required man, to to buy do the same when amount high, of which fixed not we sand sult, of our same inability amot of the produce price amount of property of negroes is circula- at could with the when of low. cotton When but by money the cotton can buy planter cannot. awrence by the the price makers of Mars, paper but by the the Hon. to Abbott make cotton was at tion, eighteen hundred the other day could ford cotton planter was asked at hat price we that if low State taxes and told him, cotton of the Boston, South under My answer a specie it little difference as thing against out tariff, of debt, that we could it made make in regulat fact but the price India cotton, every and the the world. against of and tariff price duties property we to afford make cotton consumption, pound. the price else. of We cotton,1 could then But compete if bank regulated paper the cost at the of present price." is as the all of This well secret other agricultural prosperity. be now before Congress undoubtedly of the evils account inherent The tariffbil Not much the on pertinacity of the in Congression relation to the of defeated. the bill itself retaining as from in the bill lands, clause modifying the As Con- this enactments of with whatever al majority distribution in of the of public the session of last the year, creation the reand laws, diminish revenue a of the made venue Treasury, the here gressional clause has no connection is, in fact, provision to of the passage may revenue, re-enumerate of facts instance legislative At absurdity unparalleled the law year ofabill to in increase relation to in the annals an of authorising any country the disbeseveral States, under discussion, ing the 6th section. the the tribution extra of session the public of last lands Mr. Berrian among the offered the following of during existence imports amendment "Provided, to That if be at an any imposition time of the of duties act of 14th on March of July 2d, there with shall the provisions modify the act on imports the and be entitled acts imposing duties that act, of them, twenty then 1832, 1833, and all the of duty fixed by imports be suspended pended, shall and yond on the rate value such in this act shali its suspension spension by other centum the ibution continue provided until removed, this cause if not shall revented be rene shall be remove so of and this when act, such distribution on the of August, a law. 1841 in provisions This amendment was vote passed of 107 to 95, and became per cent, but is in the House, tariff by billis not only its above general character, which have and almost The present entirely diminish prohibitive the customs six revenue, months of the preUnder year. enactments; been will seriously short of $9,000,000 such for circumstances the last but honest this same legislation prohisection the proviso sent would adhere contains to its own the following enacted, 25th That to appropriapprove tion rights, bition bill 25. And be of it the further act entitled, and to grant pre-emp- the same hereby is repealed. be to would section to the Sec sixth proceeds section of the September public lands, 4th, 1841, he and undo that the deprive treasury nish the custom's The operation at of the this extra session, law and which to will prohibi- dimi15th the On imports. which of done the lands, revenue, by the by same the imposition of July, of ult., Caleb this 25th that section county tive duties Esq., on in the House, tariff bill, moved in order to save as the well as to ensure riff on its to stand own Cushing, be stric out of the of such fickle legislation, by allowing the taof forcibly argument, try from the the disgrace passage of merits. revenue He laws, followed and clearly, up the propo- showin a to be not manner controverted. by Mr. Cushing. and sition ing. the with iniquity train The of the secret proceeding of the matter thus explained determination the object who profess itself, a readiness rather than limita- not that act to There are to gentlement sacrifice of the now Tariff repea ealing is to say, their dismantle to own bankrupt the keep tions accomplish of the Distribution to the the Depar Army riments, country and to the on Government action all of the whole until be the Navy to the and business prostration and agony, next President chosen, of of the one the trade, of industry distraction, come together, or this the proposed Distribution repeal next a stretch Congress rathe shall than not now conditions carry of the fundamental