Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-07-21

entered on The journals Of each House"
| II Is true that bill was introduced m The Sc
nate and passed by that body, and also by lhe
| House Of Representative, during the session o
the legislature held in 1886, authorizing the faith
Of The State 10 be pledged for the redemption o.
the bonds; the final payment Of which was guar
anieed by the State for certain considerations
contained in the act, as follows by the 1911
section Of u, the State was entitled 10 one tenth
Of the whole profits made by the bank and by
the dissection Of the same, ia addition TO the tenth
Of the profits, il was 10 receive bonus Of two
hundred thousand dollars. THIS ball, in conform.
ity with the provisions Of the constitution, was
submitted 10 The people TO await the action OF
their representatives. al the last legislature. They
convened and passed ball chanering the Union
Bank. Was il the same bill that was submitted
to the people II was, but with supplement
lacked on 10 IL, changing the most important lea-
lures Of the bill, 10 wit BY the 18Th section OF
the supplemental act that portion Of the original
bill giving bonus Of two hundred thousand dol.
lars 70 the State, and also Que tenth Of the whole
profits made by the bank is repealed and in ad-
ditOn to this, changed The location Of two of the
branches.
II n well settled principle Of law, that in the
construction Of tho constitution Of State, or
the acts Of legislature acting under that consti-
tuition, that IN the constituting Of either, the whole
must be- taken in connection 10 arrive at the in
tention or design, and not garbled part thereof,
which would not unfrequenily leave an erroneous
impression, il the foregoing and subsequent parts
OF the same were not understood. Now, &C.
cording 10 the original act, the faith Of tho State
was pledged for certain considerations as above
but according 10 the supplemental act they retain
the faith Of the State, but strike out the oonsid-
Grafton for which The people consented 10 pledge
il. Therefore, as the vital principles Of a con.
tract are the promises given on the one hand for
4 certain consideration on the other, so on the
failure Of tina considerations the contract becomes
q nullity. Then is not this attempt at an eva.
zion OF tho constitution Of our State--the su
preme law Of The and-nn insult to the common
tense Of the people Il is a most fragrant and
Rilful violation Of our rights as froemen, and ono
which will not be submitted to by the people. ri
hc evils arising from the charter Of this bank
we're confined alone to those who, through cum
hing or logged ignorance, chose TO embark in il,
should not think much about consequences
~, when the faith Of State Is pledged, the pro-
,erty Of all when Il is donc const'luIohaIIy) is
BOUND.
Those gentlemen interested in the establish
nenl Of this bank may shy, we give tho State
lmplc security for the redemption Of the bonds
should like 10 know what this ample secu,Iig is.
Does il consist in frame and other buildings, ne.
,roes, cultivated and small portion OF uncuIn.
lated lands tho buildings taken at one fourth,
md the slaves and lands taken al one half their !
resent valuation AT tho expiration Of forty |
ears, ask what would a frame or brick buildipr,
hat is now standing be WORTH VIVA, would =
ogro, now in the prime of l, Gs, 30 worth, What
'ou,a amos 'n0' re now in cultivation, after tax
" 'o''y s,ops Of lhcm, according to our sys.
EN- Of agrculturo) be worth The reply to the,
wo former queries are so obvious that they ncedt
10 commcnt--look to the old fields Of Georgia |
md South Carolina for an answer to the latter.
And all this property too thrown into market
when fifteen millions and half Of capital has
,cen Withdrawn from the circulation of the State.
say that this security would not pay ten cepts
IN the dollar, IL sold for sound currency. ~
Let US not argue tina, these evils will not come 7
n our day such sentiment is beneath the dig
,ity Of an American freeman. Did the heroes
,f the revolution fight the battles of their coun-
ny that they alone might enjoy ireedom9 No.
These patriots looked down, in their imaginOtions,
The dark vista Of futurity, when they beheld the
s,ar spanged banner still waving in triumph over
their descendants, happy and free. twas this
alone that neryed them in the hour OF
danger. Let US not be unworthy Of our sires-
let Us check this monicd tyranny IN the bud.
Our representatives. have betrayed US, in grant
ing this chatter in It's present form; they cannot
plead ignorance as their excuse, for there was in
tegence and honesty enough in the Senate to
point cut tho difficulty and danger, as will be
seen by. the recorded protest Of two members of
that body on their journals. The people. now,
look to you alone 10 stop the mad career Of de-
signing men--to them alone you are responsible.
The power is in your hands, and am much mis-
taken in your patriotism and hrmness, il you do
not throw yourself in the breach--reluse TO sign
the balance of the bonds until the supplemental ACT
is submitted to the people for their consideration
and let your determination DO made public soon
enough TO prevent the negotiation Of the five mil
lions OF bonds naE issued II, ON the contrary.you
swsrye from YOU duty, and allow Mississippi e
gislation to continue as il now is. by wore
among the citizens Of her sister States, and {
roproach 10 her own citizens abroad, trust iht
rising generation may prove themselves superior
to their degenerate sires when the period will ar
rive when they will have to bear the burden o
taxation, by showing that tho spirit Of iroemcI
beats in their bosoms. in resisting the payment Q
debt entailed illegally on Them by their ances
tors. OBSERVER.
July 10, 1888.
| There will be almost total eclipse Of the SUI
on the 18th Of September next, in the Unite
States. II will be the last centrnl eclipsi of tn
sun visible in the United States until that Of Ma
25th 1854; which will be also annuar. TIL
next total eclipse Of the sun will be August al