Texas State Gazette. (Austin, Tex.), Vol. 5, No. 32, Ed. 1, Tuesday, April 4, 1854 Page: 2 of 8
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APRIL i
TEXAS STATE GAZETTE.
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GAZETTE
Udttccl ly VJII. It. SCmtltY mid J. AV. IIAail'gQW.
GIT? OF AUSTIN" TUESDAY APRIL 4 1854:.
0 M alfta II. .a.! IUaIhImA UllvHAalAH flMlhwfjl
CBiWo are nnthorliertlo announce II. J uro iuh.ii " "" """ "' """
nimleL us n candidal for re-election at the ensuing election In August next.
5- w .. ...iimricmt and rcnucntc.l to announce FltKD TATB Knq. of Fayette county a
? "-".."..::... :.. .i t.i.iMi.1 nt.imr nt thn fMi.uint. At
!?ut Mpctinn.
cnndluate for littlMCfAiwrncy 01 mc cctuim ..umv..... .......v. --
CRT We are authorized and requested to announce ALEXANDER II. OHALMKIW ten. as a
JSuJl tni . w-riMtlfin to the ofllea of District-Attorney for the Second Judicial District.
J .irf Mt w V fcVtt fe.tt.lAiA tAM 4 1. M aHIaa
rST Wo lire anthorlred to announce JASira t. jiciiauiiw iiuim. ""
AueMOr and Collector of Travis county at the ensuing August election. ai"
HJT.Wc areauthorlMd to announce Mr. A. JUIUULKSON aia candidate for Assessor .and
Oollcclorof Taxes for Travis county At tho ensuing August election.
KF"
Our oxcellcnt District Surveyor II. L. Upshur is announced
to-day as a candidato for re-election.
0- Capt. T. J. Cleveland agent for Hallott's and Cumston's Piano
Forte's iias just received a specimen of these splendid-instruments
andiWuid be haflpy 'to exhibit it to liis friends who may" give him a
call.
rrp Mr. MoLaurcn who is announced as a candidate for Assessor
nntVCollectbrbfhis county is a young man of steady habits and
yeliualincd to discharge the duties of the office.
rrp Wo wore gratified to meet in our Sanctum " on yesterday
' klni W.P. do. Normamlie w(ho has just returned from'd'trip to the
North in search of a wife ! We congratulate him upon the favor-
able result of his trip and welcome him back to the ranlw of his nu-
merous fiends with a hearty good'will. - ' r
'.. '
.rK3- The long threatened suit for the land on which this city is
iocatcd has at length-been instituted. A petition was filed in the
Cleric's office of the United Slates District Court' on the 31st tilt.
by Elial M. Smith late of Bastrop county but now ot the btate ol
Arkansas who describes himself as tho assignee of William It.
Goucher one of the heirs of original grantee of the third of aleague
upon which the city is located. The defendantsare thespropert;
holders of the city generally. Fomo four or five hundreds whonY.are
specially named in petition. We ain't a bit scared and hope Elial
inay have a'good time of it. .- r- '
..'
itvs-Ey a telegraphic dispatch whicrtJtfcaehed here on Friday night
last the mournful news was received of the death of Ex-Governor
William P. Duval lie died of a paralytic .stroke at ; Washington
cfty on "tho 18th ultimo. Gov.Duval Was a member of the Congress
of 1812 aiid leaves only one associate in' that patriotic assembly now
nlivpl Gen. Lewis Cass. The deceased filled with honor to himself
' and beueii'Mo.his country many importantofilce.s under tho Federa
Government: ho was a man of the stricUMntegrity and unusually
fascinating in the social relations of .llfcjpjWot sincerely sympathize
with his stricken family in this city at tlusafilictlve dispensation of
Providence. "'
. - r
Jggr Judging from tho buoyant rise of the mercury in the
thermometer" of our own feelings at the news we think our citi-
zonVwill bo pleased to hear that a number of the young gen-
tleinon of tho city have for their own improvement and the
amusement of the inhabitants concluded to "don tho sock and
buskin" occasionally and organize a histrionic association.
"Wo wish iiifl association evory imaginable success and hopo
frequentlto.twasb? out the bloom of many a worldly caro in
Witnessing their performances.
' ' . ; 'Newspaper Improvements.
tlWtiQtr'Prownsville Ftyg comes to us this '"week" re-enlarged to
ltsfqrlginal 'proportions.'. Any body would know that Scarborough
fiad the BtaffoftlieFla once more in his hands by the lively wave of
its. folds. May it wave for ever. -i
'The Manger is itself again tho two parsons are preaching merry
wul instructive sermons from its ample'pages
Our did' fa'voiito the Civilian greets ua this week with' a new Head.
Wecanfiee thaold head however sticking out of the editorialcolumns
ful asever of tho latest news and pleasant conceits. It always was
a.go'od paper and is now as handsome as k is good .
.By the way the Journal and News both send us their Semi".
Weekly for which courtesy wo arc under many obligations why n
Banks.
A whig friend closes a privato letter to us by asking why it
was wo did not comply with a promise made last winter in
noticing tho introduction of a joint resolution into tho Legisla
ture to amend tho constitution in such a manner as to allow
the creation of banks in tho Stato to give our objections more
fu&y on the subject and intimates that wo were unable to find
any valid objections to urge. Our friend being a whig of the
old school -wo aro not surprised to sec him cling thus fondly to
this idolized rolic of tho past and contend for the obsolete idea
that banks aro necessary to the trade commerce and prosperity
of a Stato. We did not again refer to tho proposed amend
ment of the constitution after our first notice of it because it
became so evident that tho Legislature would reject it that an
argument against it would have been a work of supererogation
and wo had no inclination to waste amuuition upon dead game.
jNow that the pressure of other duties incident to tho session
is removed we have no objection to devoting oleisuro hour to
tho subject.
And first tho banking system is vicious in its very organiza-
tion granting to incorporated companies privileges that are de
nied tb individuals. Those incorporations are allowed to issue
promises to pay in the shape of bank notes to the amount of
two and three times the actual money they have in hands to
redeem them. These notes are debts due by the bank to tho
holder and yet by a species of ledgerdomain peculiar to these
institutions instead of paying they receive interest on their
indebtedness making their very liabilities a source of revenue
to themselves and a tax to tho community. These notes it is
true in times of plenty when confidence is unshaken answer
all the purposes of money and aro never returned'to the bank
for redemption in sufficient quantity to exhaust the specie on
hand but let trouble come let any of the thousand casualties
of 'trade or fluctuations of commerce create a demand for
specie or induce a panic in tho money market a run upon
the bank and a suspension of specie payments is the neces-
sary consequence. The merchant by the' character of his deal-
ings is tho first to feel the pressure and in consequence may
and does to a considerable extent break 'the force of the blow
by converting his papeivinto specie before these suspensions'
take place' but upon the farmer mechanic and other portions
of tho community- not liable to sudden demands for money
the crash comes without a single warning or portent of danger.
The idea that banks -increase the circulating money of a
country is a delusion and' a snare. N.o country ever circulates
or retains in circulation more money than is required for the
carrying on its trade and commerce. r The substitution of bank
paper for gold and silver 'is the utmost they can accomplish.
Tho annual produce and labor of the land "require but so much
money to effect their transfer from the producer to the consumer;
the goods to bb bought! and sold require but a given amount to
miy and sell them and ifmore than is required for these pur-
poses is thrown into circulation its channels will overflow
as it cannot be employed at home. It will therefore bo sent to
seek that profitable employment abroad which is denied it at
homo. But bank paper cannot be sent abroad profitably be-
causeat a distance from the banks which issue it it will not be
received in common payments at par; Golcl and silver there-
fore to tho amount of this surplus will be exported for this pur-
pose and tho channels of circulation will be filled with paper
instead of thoso metals which would fill them but for these in-
stitutions. If such a result is desirable banks aro beneficial
but when it is remembered that money is really asplenty with-
out as with them and of a kind too that is not liable to those
fluctuations and periodical convulsions which continually over-
whelm and prostrate the business of those communities whose
circulating medium is supplied by banks we think a Stato free
from them as ours is shoijld regard them as an evil to be avoid-
The heavy tax which tho community pay upon the amount
of. capital invested in Frco Banks is of itself a sufficient reason
for condemning them. The system as practiced under the laws
of other States is this : a given amount of Stocks usually Fede-
ral or State aro filed with tho Comptroller whereupon he en-
dorses bank- notes equal in value to the amount of tho Stocks
filed and these notes arc issued by tho bank as money. The
Stocks filed with the Comptroller arc drawing interest which
is paid by the community in the shape of taxes while the notes
issued by tho banks which aro but the representative of that
Stock aro loaned at interest to tho Bamo community thus ena
bling the banks to realize off the community double rates of in-
terest thereby evading the usury laws ot the State and impos
ing so onerous a tax upon tho country that no people howcvcr
prosperous could thrivo under it. In this State where tho
legal interest is 8 per cent. this tax would amount to something
like 1G per cent upon the whole circulating capital in the State.
In conclusion the banking system in whatever shape it may
assume has a strong tendency to create a monied interest
separate from and adverse to every other interest in the State
and the dangers to the public welfare which necessarily result
from such interest deserves to be carefully guarded against by
those having control of public affairs.
A Called Session.
Most of our Texas exchanges are discussing the probability of there
being an extra session of the Legislature many of them inclining to
the opinion that there will be one. We have received numerous let-
ters asking what we thought about the prospect. We do not profess
to be either "a prophet or the son of one" and cannot therefore say
what contingencies mav arise to render a call of the Legislature ne-
cessary at present we see no reason for such a call and can imagine
but one state of affairs- that would be at all likely to produce a ne-
cessity for it that is the United States Congress making propositions
to us in relutiou to our public debt and we have no reason to think
such a proposition is even probable. It is true that theie was a large
mass of business before the last Legislature left unfinished but there
was none of it of such a character as to create a necessity for an extra
session. The Constitution contemplates biennial sessions of the
Legislature and nothing short of the most urgent demand for the
action of that body should induce them to assemble oftener. Since the
organization of the State government on account of some pretext or
other there has been invariably annual sessions and on one occasion
asemr-annual.one. If we cannot afford in this fast age to wait two
years for the consummation of laws demanded by the growing wants
of the State; or the redress of grievances arising from unwise legisla-
tion we should at once take the necessary steps to secure by ainenil-
ment of the constitution a return to annual sessions.
ed rather than a blessing to be sought for.
There are a class of bank mon who admit- the viciousness of
the old system but still vainly imagino that the acknowledged
ovils of that system are remedied by a modern improvement
it that tho Civilian arid Times pay us only a weekly visit 'lhey are upon it known as "Free Banking." It strikes us that these
lipth Imndsomo and.pleasant enough not toe ashamed to show thor frco banks aro equally it not moro dangerous tlian:".theokl
ones. Besides driving the gold and silver ot tne country abroad
to. seek an investment and 'replacing it with promises to pay
as do the others they offer little if any bettor security for the
Collgoat Huntsvillo that they aro endeavoring to form a geo- payment of their notes. Tho basis ot their issue is Federal
v' V:!i.. t a. i e .!. tj'L? i.i.i. ii.:i...t:. find State Stocks themselves liable to fluctuation" and deure-
lOgiclUjCttUiuui wr uiu uuu ui lhu Bttiuuiiuj in unit iiibutuituir . 4
-V
faces at tho Capitol as often as they issue.
wv: " "-. v
t9tTS J m irTV.viftl irr nnr at 4-Iia Jrt4rc.oMa rf A iicfiii
ytkat? " u uiu uiivituuu ut yuu vi uiq aiuitoouio ui ji.ua mi
!and' are arixiojiB to procure specimens. Thoso of our citis-ohe
who aro engaged in exploring tho unsettled portions of tho State
may contribute to tho cause of scionco by forwarding specimens
of Btones organic or fossil remains and minerals to tho Colloge
at Huntsvillo Any person possessing such specimens who do
sires to aidn.80 laudablo an enterprizo can leavo them at this
office andvb ayUI forward thorn to Huutsvillc with tho name
of tho donor.
MS'- ' ' ' ' !
Ifyi 8fce intimated that .General Houston istre'turning home
4iiid intends resigriing-lns seat in tho Senate of the United. States.
Notwithstanding our objections to-his course on the Nebraska bijl we
phoilld regret to see him.Jeave4 the. 'Senate at thfs time. Texas has
lairgonterests In. many questions likely to ariso in Congress during
thospresant session and his great abilities and enlarged experience
would materially mtl in securing them. Wo hope that ho intendsonly
lently vacating
ciation. In times of trouble when help is needed and money
not paper must bo had having no money in their vaults
with which to redeem their delusive promises these Stocks
must bo forced into tho market and sold for whatever they
will bring in specie and that too after their own paper has
driven most of tho gold and silver out ot circulation. Thus mak-
ing that which had been the chief source of their profit in pros-
perity tho means of punishment in adversity and cause them
to fool tho same pangs as tho struck eagle of Byron who dis-
covered that
tho same plumage that lin.l wnrmod his nest
!;alghdrrtf visit W ujraamjlyM andgpes hot'desigftjfterraanc
Drank tlifelast life-drop of his bloeding bienst."
Did tho punishment extend nlono to banks tho evil would not
bo hard to boar but the innocent and confiding holders of their
notes must bear it with them for no pno will doubt that tho best
Stocks forced into market under such; adverse circumstances
would sell'ifor.qne halfthoir facbi. value and lpaYO af least pno
( half thpirfssucsvith npthing to edeemthcm. v ;
j3ir' By a letter from the happy bridegroom we learn that
our old friendCol. James K. Holland of the State Senate was
married to Miss Samuella Andrews of Harris county on the
22nd of last month in the city of Houston.
Hurrah 'for the School Bill say we! may it go on " con-
quering and to conquer" until not a vestigo of bachelorhood .
shall remain in the land. Who will now doubt that the authors
of that bill have full faith and confidence in its success after
this ? Both Randolph and Holland chairmen of the committees '
on Education and the principal artificers of that bill have
fairly harnessed themselves to the car of matrimony which to
our mind is " demonstration strong as proof of holy writ" that
they believe that the (: mental slates" of the juvenile passen-
gers they may gather in the journey of life will have lessons of
wisdom and learning written upon them.
The announcement of the marriage of our old friend and some
time companiou in arms brighten the links in along chain of
sweet and pleasant memories waving its magic wand over the
past and recalling leminisccnces still rosy with tho hues of
love's first young dreams which though dimmed by lapse of
years have yet like tho arrows of Anchises left a cheering
light behind. We have trod with him alike the festive hall ra-
diant with. eyes brilliant as the dew drop wept from the blue
eyo of Heaven and the red path of battle incarnadined with
the life-blood of friend and foe and found him in each the
same high-hearted and chivalrous gentleman. We remember
having united our mental forces and indicted a joint epistle to
a golden-haired fairy then resident in Eastern Texas. We still
fancy that loyal production the offspring of brains from which
an extra allowance of generous old wine hail swept away the
chilling " frost-work of reserve" was the very perfection of a
love-letter. It was written in red ink as a soldiers letter should
be and beneath a chaparal bush with a box used as a horse
trough for a writing desk ; yet we are sure that notwithstand-
ing those sad draw backs it was a letter filled with thoughts
knit in Heaven and linked in paradise. Alas for the romance
of life! the blue eyed princess of our soldierly adoration long
since uiscumu u wuuuuu wtio uuu upon Household cares intent ''
or as report hath it in fleshy forgetfulness casts never a thought
upon the two young heroes who blindly worshipping her were
yet truo enough to the claims of friendship to have been con
tent had she either turned a worshipper of flowers and taken
... .. .. . r'" lw""'" U1 uucomo jLmr.cn in
uur uusiu uuu uuu over 10 aouana.
Since the shivering of that bright dream wo too. havn moMr
ly bowed our neck to tho yoke matrimonial and oven as we
write tho small gems " of loves shining circle" are playin"
around our knees. Gazing in their young and happy faces wo
u.iu i wi wiuumui Ub UlUSlUrtl SllieiOSlfNlOt r mur.v wnnfm. t i
t -j r-j - ..- II WV Vi UIU
mpinory of the past.
May our newly-married friend soon find a like Lethe for any
disappointment that may yet linger in his memory of the past.
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Scurry, William R. & Hampton, J. W. Texas State Gazette. (Austin, Tex.), Vol. 5, No. 32, Ed. 1, Tuesday, April 4, 1854, newspaper, April 4, 1854; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth81128/m1/2/?q=Lamar+University: accessed June 2, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting The Dolph Briscoe Center for American History.