When was it published?

September 24, 1845 in Mississippi Democrat

Domestic News September 24, 1845

Mississippi Democrat

Q: What keywords are associated?

Texas Constitution, Banking Prohibition, Borrowing Limit, H G Runnels, Gov Runnels, Democrat Candidate

Carrollton, Carroll County, Mississippi

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What is this article about?

The new Texas Constitution includes provisions prohibiting new banking corporations and limiting legislative borrowing to $100,000 except in emergencies. H.G. Runnels introduced the banking ban, and Gov. Runnels is gaining popularity as a hard-money Democrat and potential gubernatorial candidate.

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The new Constitution of Texas will contain some excellent provisions. One section (introduced by H. G. Runnels, formerly of this State,) prohibits the creation, renewal, or extension of any corporate body with banking or discounting privileges. Another section prohibits the Legislature from borrowing money to any sum exceeding $100,000, except in case of war, invasion or insurrection.

We are glad to learn from this that Gov. Runnels has returned to his first love, and is now a hard-money, anti-bonding Democrat. He is acquiring great popularity, and is spoken of as a candidate for Governor of the new State.

What sub-type of article is it?

Politics Economic

What keywords are associated?

Texas Constitution Banking Prohibition Borrowing Limit H G Runnels Gov Runnels Democrat Candidate

What entities or persons were involved?

H. G. Runnels Gov. Runnels

Where did it happen?

Texas

Domestic News Details

Primary Location

Texas

Key Persons

H. G. Runnels Gov. Runnels

Event Details

The new Texas Constitution prohibits creating or renewing corporate bodies with banking privileges, introduced by H. G. Runnels, and limits legislative borrowing to $100,000 except in war, invasion, or insurrection. Gov. Runnels is noted as a hard-money, anti-bonding Democrat gaining popularity as a gubernatorial candidate.