The Southwestern Historical Quarterly, Volume 18, July 1914 - April, 1915 Page: 398
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The Southwestern Historical Quarterly
feated. Said Rusk, in a speech that summed up the opinion of
the Convention,-"I think, as a member of the Convention and
the community, that it is due to myself, the country, and the people
themselves, to restrain them from doing anything which would re-
sult in their injury. The gentleman from San Patricio says that
many individuals have been benefited by banks. Thousands upon
thousands, sir, have been ruined by them. I consider it a bright
page in the history of General Jackson, that he had the honor of
giving the blow which will eventually destroy them upon this con-
tinent. And I wish by no vote of mine, here or elsewhere, to au-
thorize the institution of a bank, which may benefit a few indi-
viduals, but will carry, here as elsewhere, ruin, want, misery and
degradation in its train."85
,A thorough comparison of the debates of Texas with those of
the other states that made themselves Constitutions during the
later Jacksonian Period would bring out the point of view of
democratic society and Democrats. In Texas, as elsewhere along
the frontier, the independence and detachment of society reveal
themselves. The absence of large, financial interests shows itself
in the simple provisions on banking and incorporation. New York
in 1846, presents the reactions of an elaborately organized com-
munity in the presence of its debts and its corporations. All the
Constitutions of the period show the change that was imminent.
as industry swelled in magnitude and enterprises grew in size.
But Texas was still a frontier,--not so much a frontier as in 1836,
not entirely under the influence of the pioneer, not completely
given over to the "ultraism of the age," but none the less youthful,
confident of its capacity, and progressive in its views.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 18, July 1914 - April, 1915, periodical, 1915; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101064/m1/404/: accessed April 30, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.