The Legislature shall have the power to grant aid to companies or associations of individuals formed for the exclusive purpose of making works of internal improvement, wholly or partially within the State, to the extent only of one-fifth of the capital of such companies, by subscription of stock or loan of money or public bonds; but any aid thus granted shall be paid to the company only in the same proportion as the remainder of the capital shall be actually paid in by the stockholders of the company; and, in case of a loan, such adequate security shall be required as to the Legislature may seem proper. No corporation or individual association receiving the aid of the State, as herein provided, shall possess banking or discounting privileges.
–Article 109, Constitution of the State of Louisiana, 1852
How does this add to the Louisiana Constitution of 1852 reflect Whig ideas?
It calls for government aid for businesses.
It limits bank dealings with corporations.
It protects stockholders’ investment interests.
It eliminates state assistance to large companies.