WRITINGS OF SAM HOUSTON, 1860
473
whereas by the 2nd Section, all the privileges of a general bank of deposit are conferred. The 2nd Section, in my opinion, extends banking privileges to the company, although great care seems to be taken to disguise the fact. A bank so far as its deposits are concerned, has no powers which are not granted by this act. Deposits are received with an agreement to ·"pay out on demand, or on such notice as may be stipulated," the Certificates to be issued, thus the Certif- icates may have all the qualifications of a banknote. They may be issued for any amount and in any number, the company being left f?·ee to accept as "money" whatever may, in their opinion, represents its value. Sam Houston.
1 Jo11r11al of the Senate of the State of Texas, 1860, p. 553.
To JOHN Wooo 1 Executive Department, Austin, Texas, February 11, 1860. Mr. John Wood, Freeport, Armstrong Co., Pa. Dear Sir: Your favor of the 27th January, asking informa- tion of your brother George Wood, is this morning at hand, upon which point I am utterly unable to inform you. There was no battle fought at Nacogdoches in either of the years that you mention. As to the soldiers of the Florida war, I know nothing. I can therefore, give you no information as regards your brother in that quarter. Thine Truly Sam Houston.
1 Hot1ston Lette1·s, February to March, 1860, Texas State Library.
To BEN McCuLL0CH 1 Executive Department, Austin, February 13, 1860.
Major General Ben McCulloch, Washington, D. C. Sir-There will be stirring times on the Rio Grande ere long. What are you doing? See the President and the Secretary of War. Sam Houston. 1 Executive Reco1·ds, 1859-1861, p. 48, Texas State Library; The San Antonio Daily Herald, March 9, 1860; The True Issue, l\larch 16, 1860; Tho National Intelligencer, March 20, 1860. The newspaper sources also
Powered by FlippingBook