Union Stores

■Min. ijl i i ' j . fio n, innv. ns uviavijip v. vu )vcrsy tvith tlii ineliUitmn, e will suy lat wc hau to say in a few vvonls. Let state the question fairly. Ilisthis: IK "Ought the Michigan Siaic Bánk to be re ieJ nnd put in opention on the etine basie w i wliicli it wns firist orgnnized? ' ] Wesaid, No: becnusc its charter gave to vi ciividunls povvers of ddfrauding the public, B hicli luid alrendy been used to the public th ss: bccause the excmple would bff a preceU nt for olher brokcn Bonks: becaiise its 'll iarter did not guard sufficienüy nnd as wei! m anoiher chnrtcr milu do ogninst future . ' fscs by misfuiniiatfoiuenl or dislionesty: ond . cause the charter was granted ten yrars1 nee, and tliere i renson to boüeve that the g, :op!e of the State, ónlightened by mnch and istly eperience, would nol now consent to fr rant to any set of men, however honest or fc mpelent, so great an extent of powers, wilii ai ich limiied restnetions. Tiieso were our reaaons. We threw them bl it frankly, leaving the public to judgo of te ir valúe and weilit. We do nol see that _ icir importanco is materiully diniinished by g ie considera linns urged ly tlie friends of ilie p iink, tlm it lias new and excellent directors , id stückliülders, with a capital actually paid T , and that its pruprietors aeek to do only on n norable and jnst business. All ihis we h ïpposc to be true: bnt is it certain that snch ?' en will have control of the iiirtitution five . aars henee? And when incompetent or vil inotis men get possestion of it, wljere will r ; tho security of itscreditorè? Our correspondent objects to our use of the