{"newspaper_name": "Holly Springs gazette.", "edition": "01", "page": "p2", "byline": ""}
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p.s. p.';.s,;c.. WITHOUT .denial or delay
r. :, is asserted that banking corporation
10. forfeited its franchises, the ga. S ION ei
eorf.itpre should be iudiciously inquired IN
10 and il is The duty Of the Legislature SO to
lepi,late. that the enquiry may be had
without delay; and without perplexiiies or
expense 10 either party. other than such
as NAV be necessary for the full and TAR
administration OF justice What IS to be
the effect of forfeiture judicially ascertain
ed as to the property OF the corporation,
or as 10 debts due TO or from it. Is "a guess
tion properly re!erable TO the Judiciary, and
With which the Legislature and Execu-
i've have no concern.


Unfortuna ely for the stability Of our in
siitulions and the safety OF society. political
communities seldom prof by The experi>
ence of the past The Iessous which were
taught US during the banking mania IN this
State-she deep and vital wounds which
were inflicted on the morals and good or
der of society, will be entirely forgotten IN
The lapse of few years. Willis. the Iec-
objection of these events are fresh In our
minds il will be well If we make an endu
ring record of the hostility they have en-
gendered to banks and banking and TO
this end ad wise an amendmen mt OF the cor
stitution. forever prohibiting The establish
ment oi banks In this Stale.


STATE MILITIA.


A letter from The United States Ord
nance department is herewith transmitted.
|, shows that fIom our territorial organlza-
ton 10 / $40, there has been sent 10 MiSsis>
sippi arms and accoutrements to-the valne
OF sixty four thousand dollars. The re-
port of the Qparter Master General will
exhibit the present condition of these arms,
The State is now in the annual receIpt CT
iour hundred and forty muskets, which,,
valued az they are by the United States, at
thirteen dollars each, are werih five thuu'
sand seven hundred and twenty dollars
The number will increase with our increas-
ing population. IL will be seen that al
most all the arms heretofore sent 10 the
State have been sted The prime cause
of this has been. that the State has never
provided IA place for their safe keeping.


recommend the erection OF public ar
mory in this city, in which all arms and
accou.rements, not in actual use, shall be
kept. The greater portion of The work
may be done by he penftentiary convicts,
so that the actual outlay of money need not
be great. This being done, there should
be appointed 'qualter master and an as
sistant 10 superinteud The armory and take
care OF the public stores All volunteer
companies now having, or hereafter receiv
ing arms from the State. ought to renew
their bonds every year. and give such addi-
tional security as the G tarter>master may
require.


] believe the public interest requi, es
and the public voice demands change
in The militia system. Tne trainings un.
der the present law are attended with
loss of time and annoyance to the people,
greatly exceeding any real benefit which
they derive. L is very great mistake
that militia musters prepare the people for
actual service, or train them 10 a soldiers
like use of arms. They go to muster for
the most part 10 amuse and be amused,
regarding the whole afflr as an expensive
farce they perform their parts for the fun
and not the profits ofthe play. and are al
ways glad when it is over.


There are now in this State about forty
five thousand persons subject to militia du-
ty thay are required by law TO drill
only four days in each year. there.would
be lost in that time iSO.000 day. Time. to
man of enterprise, Is money Suppose
each day to be worth fifty cents, md there
is an aggregate loss of nioe.y thousand dol.
lars. The law. such as it is. have en-
deavored to see enforced. | regre. to say
with i'll success. The people are opposed
10 II, and many Of them can neither be per-
suaded or coerced into obedience 10 it
Some obey and some do rot. This en-
genders a spirit of jealousy. as to the jus
lice and unequal operations of tie law.
The disobedience of some encourages DISC |
bedience in others, and disregard of Law /
in one respect beget a disregard of it In |
another. Under such circumstances il be- /
comes question for your serious deliaera-
tion, whether YOU will not abandon the |
present, and adopt some new system.


Looking to the possible disturbance OF
the county, by invasion or internal cem.
motion. the present law ought not perhaps
to be repealed. 1t might be suspended in
lis operations and put in force on any sud.
den emergency. by an executive proetama-
ton. The active military force should
consist of one volunteer company In each
regiment, which contains FIVE hundred or
more efficient men These companies
should be required to train at least one day
in every month; and for this service, the
members should be exempted from road
a rd i,,ry drtv