THE AUSTIN PAPERS. 271 distance to =obtain Proof you may also urge the necessaty of a bank to bring back hard money which will be the consequence of a Territorial Bank. you may urge its utility in ·general and as Banks in general use in other Countries it becomes more necessary in this Territory, you may produce many Examples to Justify the lottery and the advantages as so great that I think with some exertion you may obtain the establishment of the lottery as part of. the banking Systam the money to be expended on the road and on bridges will greatly advance the General Interest and I think Bring in the country members you can mention the dependant State of this Territory not haveing any land to dispose of to fill the Treasury and that we may at least calculate ~o become a State in a few years and then a Territorial fund will be much wanted to meet many Expences which If drawn immidiately from the People will be grievously felt you may also urge that by lottery the Territorial fund will be drawn from different Parts of the Western Country in short it is commencing a fund on which the Territory may calculate much hereafter I will mention that a. law aught to be made to Prohibit Lotteries in the Territory except granted by the legislature, for the lottery there should be not less than ts Directors and for the Public Road at least as many by f:xamining the old Bank charter you will soon see what amend- ments it will want to meet the proposed plan and I would also so torm the law establishing the lottery as to give power to the lot- tery Directors to enhance the Scheme to 150 thousand Dollars If the Ticketts are found to sell of this the Directors must be the Judge you may in support of the system point out how £arr this Territory is behind any Other part of the U States in usefull Es- tablishments for the want of a monied Institution on liberal principles- • It will be well also to observe that at the present day most if not all the states make all the New Banks pay large sums to the State of [for] Charters and as the Territory do not propose to make the :Mis- souri Bank pay anything the Bank may with great propriety give the Territory time to pay in the amount of the Different instalments on the Bank Shares this aught to be press.d on the minds of the merchants that if the establishment of a Bank is delay.d they may have to pay Smart money hereafter to obtain a Thmk Charter. see the Tax, paid by a number of the Banks some pay 100,000 Dollarrs to the State for a Charter and this Territory will do the same shortly [Endorsed:) Memorandum of Bank business in Mo
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