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itions Of the candidates. For instance,
) the directors for bank in this district are


to be elected The names Of number Of


individuals are proposed, none Of yhom
are known to the members eenersgly.-
The candidates, however, have had the


foresight to gain the good will Of a few Of


the representatives in the district by ex-
iertions in their election. This then be-
lcomes sufficient passport into power


This would be a state Of things deeply to


be deplored. Corruption and bribery


would soon become the order Of the day.


and instead Of being a blessing, the bank
would become a curse to the community.
The 18th article Of the 66th section of
the bill has been mentioned by the COL
This article provides that no disclosures
shall be made by the banA commission
ers. appointed 10 visit and inspect the con-
Germs of the bank and its branches, Of the
debtors TO either or any OF them, or any
other information obtained in the course
Iof their examination, unless required be-
fore a coslrt. Now what objection he or
any other man can have against this Plo-
vision am at a loss to conceive. Would
he compel the, ssid commissioners, by act
Of assembly. to publish to the world all
the information they may obtain, wheth-
Ter of a public or private nature? They
are bound to make a report to the leg isla->
Iture, once each year, Of the state Of the
funds, debts, discounts, deposits, loans
&c. of the bank and each branch; but 1
think 1t would be at least imprudent 10
have them publish a list Of the debtors
names. For my owll part can see no
particular objection aga INST the provision
alluded to, neither will ! pretend to say
that it would not have been as well left
out entirely.


The next remarkable tIing in the CO..
ionel's production Is in the following


words: '1'here was and is something al-
lusory [illusury l suppose he means1 on
the face of the bill now in dispute" and
then goes on to state that, If the biU had
become a law, the general impression
would have been, that state bank would
have been established; which, says the.
Col. would not be the case. And he fur
ther tells US that neither the state nor the
stockholders would have been bound for
the redemption of their notes, further than
the investments in bank Now If | read
aright, the stockholders are bound to the
extent of their stock subscr ribed, whether
paid in or not Furthermore, the bank
and each Of the branches were bound to
pay into the state treasury one half per
cent on their whole capital, annually, un.
til the sum so paid should amount to four
per cent and this sum was to remain iIl
the state treasury as safety fund, to be
applied to the liquidation Of the claims a.
gainst aI.y insoivent branch. And in
co,A
fund for that purpose, the bank and
branches were to commence and continuo
their annual pay ment Of one half per cent
until it should again amount to four per
cent The Col. first tells US that the bill
means just what ii says, and in the next
paragraph we are informed that there is
something iltusoIy on the face Of it; that
is, that it holds out an opinion to the Peo~-
pie which will not be realized.


Great stress is laid by the Col on the
permanent loan sy stem, authorised by tho
bill admit that this is an objection; bur
divest ii Of the Misrepresentation thrown
around it bv the Col and it loses two
thirds Of its force lie says, 81 have pro
we'd to YOU bey ond doubt, that the stock
holders Instantly drew their money out of
bank for five years." Here 1 will take
the provision Of the bill in preference to-
the Interpretation Of the Col. The bill
SAYS that such Of the stockholders as arc
over the age Of twenty one, and citizens Of
the state, shall have the privilege of ta--
king permanent loan to half the amount
Of their stock, If applied for in ninet, days-
after the hank in which they bod theif-
stock goes into operation. From ths Co.
lonel's representation one would be led to
suppose that they drew their mones out
so soon rs it was paid IT,; but this Is not
the case. The money they pay In re%
mains in the bank, and forms part of the
vault capital, and they, if they desire it,.
can take out one half the amount after tho
bank goes into operation. Payment Of
this loan is to be secured by personal se>
curity and mortgage on real estate. The
interest is to be paid every six months, to.
gether with ten per cent Of the PRINCIPAL,
50 that it would all be paid off in five
years. Here again we notice trifing
error which the Col. has fallen INTO Hs
calls it permanent loan for FIVE yeaae,.
when in fact only ten per cent Of the
amount would remain five years un-
paid 30 far as my own opinion Is con-
cerned, | believe that the bill would have
been better without the permanent loan
provision: but canno discover in that