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we have, when sile charterod a bank with seven mnillions ot addi-
tional capital.
  It is known that Tennessee and Virginia b nd on our south border
more than three hundred miles, and that their towns near our limits, not
now supplied with banks or branches, will be supplied from this great
increase of capital. Indeed, N ishville, the seat of this great bank cap-
ical,is within forty miles of our limits. While on our northern bor-
der, Ohio, Indiana and Illinois have within sight ot' our territory, pla-
ced banking capital at every commercial or business point, from the
mouth of the Great Sandy to that of the Ohio.
  These Stites, under their fiscal agencies, are, not only each within
itself. filling up all its channels of circulation, but progressing with
vast schemes and plans of internal improvements, while on the other
hand, our State has fixed its banking capital less by two-thirds, con-
sidering her business, than either of those States, and this capital
principally concentrated at Louisville, has been used up there to such
an extent, that the banks of Lexington and Louisville have not the
ability to furnish the necessary credits to other parts of the State, itf
they were desirous of doing so. In making this remark, I mean no
reflection on the State banks or the bank of Louisville, for their cau-
tious poliey in making issues-it is right they should use caution to
sustain the credit of their paper; but I mean to say that, considering
the vast amuint of ca,)ital other States have that surround us, and
the incautious manner in which charters have been granted to those
banks by the state, they have not and from their condition they cannot
supply the whole State with a ciurrency. The Legislature intended
well in incorporatinrg the Northern Bank. It was the avowed object
of the applicants for th -t BRnk to extend the banking system equally
to every part of the State, so as to give an impetuls to the whole la-
bor of the country. B It the stock of that Bank fe'l into the hands
of eastern merchants, who owned also. the stocks of the State Bank
and Louisville Bank, and hence the object the Legrislattire had in
view, inpassing that charter, wvas meas irably defeated, by the direc-
tors of the Batik of Kentuckv and the Northern Batik swapping
branches, and the Northern Bank failing to send anv capital whatev
er south of Green river. Thus it has happened, that while Louisville
and Lexington, and the country immediately around each, have been
supplied with aids in carrying out the produce of the State, vast and
extensive portiins of our country have been left to stiffer, or to apply
toOhio, Indiana, Tcnnessee or the Virginia Banks for the means of
creditand exchange thereby rendering our citizens tributary to those
States instead of their own State, to carry on their commerce and
busi-ness; and thus it is, that the paper of other States now form a
principal part of our medium; and thus it is, fellow-vitizens, that
while these States are flourishing and pushing their works of inter-
nal improvement, upon the most extensive scales, our Legislature is
warned by our Executive that our credit will not allow of the com-