OMMERCE. TRADE, sc:
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Tho reeomIae of the Governors Message in relation the State Bank are all parties. The whiss of course, and nothing good in them It is not their ,rads to commend political opponents Some Of these recommendations, doubt, are obnoxious to objection, and probably they put forth much for the purpose of ecitns enquiry through hope of their feasibility or aaopiien by the Legsaturc.

 We doubt the utility of essenng the number Of drec- suggested in the message To do so would be to connne the power of the hank few individuals and thus give more scope to their msadminstrston. If we could be sure of having directors with integrity above tepptsten, it would be we'll enough.

 increasing their salaries think equally as o- jestionable. Such change would be to make the office of director of emeument-lhis rendering it prize Of parzsn effort and reward, and nyng the whole sys- tenn open of the plausible arguments urged against it by Its opponents. H7.

 Tha, the state bank system be made useful have slightest doubt h order effect this, the drec tors should hold only short and fixed Of tive years of eligibility ofice they should he paid moderate salary be fixed hy the charter of the bank director during his of service should borrow of the institution, in his name that of another, larger sum any time than S5OoO; the indebtedness liabilities the bank any body whatsoever whether individual partnership, chartered company, for himself tseif far another should not, any

 

 ter of the bauk-the loans and discounts of the her bank and branches should be regulated twice the of the capital stock actually | paid Ia and tho brsnches should be made by the charter independent practicable of the mother bank The ch,rter framed greatest poa- sble publicity in its management and to be conducted solely with view he largest possible pronts Its n,sass enient he sneh within the provisions of the charter show that 1t established for the public good, aud for the sole benefit of the stockholders Te thsye tue recommendations of in the | choice of directors be added. I, | Not asnsll portion oi the public s in favor of total aboop sf tue state bank system. We think. however,

 without good reason Several of the chief excslences of banking more readily attained by il than by any other method. Among these ar.. he universally of ts ejaculation throughout the sta.e and secondly, poss siy of rendering it, by good management in the adjoining mud distant Banks, regulated by private individuals and chartered for local purposrs cannot in the of things extend their ejaculation largely be- yond their immediate ghborhood-unless, iDdeed they he ushered public notice. like the Bank the United States by inmensy their capitas and the celeb. ri,y of those who administer their affairs These advan- tages it is evident, cannot be otaned universally for there few the country who have the financial reputation which associated with Riddle in the hey day of his glory.

 The large punber of banks strong argument against general usefulness of private institutions How are the people to know the and characters of diff ferent presented them Why age applied to the study of those institutions would hardly render capable of comprehsnng the partic- usrs which give confidence in their existence This of banks has only confined their usefulness; the fruitful of countersting; of speculation and of immense discounts in the way of brokerage &c

 The tendency Of the State Bank system, if properly managed is to obvise most of these objections. By be- ing allied the government snd having the name snd pledge of tho incorporated in its tte 1t would at present Individuality and distnctveness the mnd Persons abroad having business our citizens would hnd it to their advantage become &C., tion; and having confidence in it's ability redeem its issues, they would receive It's notes confidently and ally. This confidence however, only be established | by good management and complete soivsncv. Without these method ofbanking can be really servceabe.

 The sales of cotton in Philadelphia for the week ending the Soth 500 D, for Louisians ls Hi Upands 10 all Flour S6 25 per bbi. Exchange on Mobile A; N. Orleans par; Charleston per cent prem.

 NEw ORLEANS, Nov 6.-The receipts of cotton for the three previous days ,s7s b-shipments 3,2s5 b. leaving stock hand of 74,77ob For the first two days, the demand was very active full prices. On Fri day. however, somewhat slackened, and prices essier Tho sales about 5000 b-the principal oper aions being confined nlij and mid fair qualities IIyERpOOI CI. AsaJFICA TION H