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made, and fromn whence are the funds to come I reply, all that is
asked by the company of the State is, to furnish the funds necessary
to make the road in our own State, and the balance of the road will be
made by other States. But if the road is made, the State must make
it or supply the means; that it is a road for a common end, for the good
of all and should be made, not by stock-j.bbers and speculators alone,
but mainly by the States through which it passes; and that the mode of
raising the money to do Kentucky's part of the road, must be devised
by the Representatives of the people, as auxiliary to the other funds
of the company in other States, through which the road passes.
They have passed a Bank charter with a capital of twelve milliens
of dollars. Tennessee, North and South Carolina have gone into
this charter, and will avail themselves of the Bank to make the
road as well as to relieve their citizens from the pecuniary pressure of
the times. By it and through it, these States have laid the basis of a
lasting, creditable and uniform currency, and provided against the
evils in their comnmerce with each other, of the fluctuation, in ex-
changes and in the currency. In each of these States there will be
a branch, and the mother Bank located in Charleston; but Kentucky
has rejected the charter, and of course can expect no facilities, either
in making her road or in regulating her exchanges with the south,
thatis not common tp all the world. I still hope that betterand further
reflection will satisfy the people of Kentucky, that a branch of the
Bank ought to be located On Kentucky, as well with a view to regulate
exchanges with the south, as to accelerate the making of the road.
But whether the next Legislature will consent to allow of the loca-
tion of a branch of the Rail Road Bank in this State or not, I am
decidedly of opinion, that a Bank should be chartered with a view to
regulate our exchanges and increase our business generally, and es-
pecially to aid in the construction of the Charleston rail road. I
would therefore charter a bank with a capital of four millions, to be
located at Lexington, with one branch north of the Kentucky river,
one branch between the Kentucky and Green rivers, two branches
between Green river and the Tennessee river, and one below the
Tennessee and one elsewhere in the State. These branches not to
he located where any bank or branch now exists. I would allow one-
tbird of the stock to be subscribed by the State and two-thirds to be
subscribed by individuals-the State to give in place of money five
per cent. scrip, and the whole stock to pay a bonus of one per cent.-