THE A. USTIN PAPERS. 281 we run the hazard.of ruining or materially injureing both Banks by placeing them against each other as adversaries whose exertions would be directed more to the distruction of·each other and·the con- sequent advantage of some individuals and ruin of others than to the good of the community we should do an act of injustice to the Bank already chartered by depriveing it of those facilities of pro- cureing specie and that prospect of support which it otherwise would have and in contemplation of which the Stock was subscribed we should be establishing a president in favour of the ruinous extention of the Banking system which it is much to be feard the firmness of future Legislation would not be able to resist-and in fine Sir we should jeapordise the prosperity of the whole community a_nd upon this view of the subject I trust no one can for a Moment hesitate which course to adopt. wheither that from which no possible evil can result to any person or that one which embarks the permanent and dearest interest of our Constituents upon· the ocean of uncer- tainty-
3. BILL FOR SUBSCRIPTION TO TERRITORIAL BANK 1
[January, ~8171] A Bill concetning the finances of this Territory and to create a permanent Bank Fund for Territorial purposes Sect 1. Be it enacted by the General Assembly of the Territory of Missouri that the auditor of Public accounts is authorised and hereby directed .to subscribe a number of shares to the amt of . Dollars for and on accou t of the Territory of :Missouri in Stock in the Bank of as is provided in the section of the Charter of said Bank. And the said Auditor shall at the time of subscribing said shares pledge in the name and on behalf of the Territory so much of the Revenue as will secure the instalments on said shares, and pay the same into Bank as fast as it is collected- Sect 2 And be it further enacted that it shall be the duty of the Territorial auditor to draw funds from the Bank from time to time as necessity may require to meet the demand against the Territory, untill the Amount of instalments on said Stock shall be paid off and the appropriation of the Revenue for that purpose shall cease, as is provided for in the Section of the charter to said Bank- Sec 3 And be it further enacted that in order to secure the said Bank fund to the Territory free from debts and incumbrances, a fund may be raised by means of a Territorial Lottery as hereafter directed to pay off the demands which said Bank may have against the Territory for advances made on the Auditors draft aforesaid,
1 'l'ho bill Is ln the writing of Stephen F. Austin. • 25067°-24-VOL 2, PT 1--19
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