Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-06-09
From the Msassippi Mirror
GOV MNUTT.

GOV. NM l.
This s,.pnrb democra, and sterling patriot is
deservedly complimented by the .his'issiPPIaR,
for has exer,ons to bring about a reform oi the
banking system Of this bank-udden State. But
for his iajicious exercise Of the Veto power at
the late session Of the I.egislsture,--in addition
10 our present curses in disguise, VIC should have
had fastened upon the commonwealth, fresh
swarm more hungry than the olhers-a fresh
brood Of shin plaster banks, without capital, and
based upon the mere credit which TIE Legisa-
tive sanction, unjusly conlers on those bodiess,
soulless legislative creations. The Governor
did no more than his duty but Tor dong that
which his duty to his constituents, hs oath and
his honest Judgment required, he was most inde-
Gently and furiously assailed IN the Legislature.
by the instruments Of the disappointed r1gocrats,
and besides, traduced in private, in terms too vile
10 be quoted by US. The course of those cor
uipt bankite Legislators was as degrading TO the
House as 1t was cowardy and unlusIhabie.-
Cowardly We say, for the Governor having no
voice in legislalonal deliberations, they could
bray at him I'LL they had vented the full measure
Of their spleen, and with IMMUNITY.
The Executive and Members Of the legislu-
ture, are independent Of each olhcr-each owing
allegiance, aHl being accountable to the people
only for their public acts neither has right to
call the other 10 account fol the performance Of
its duties 10 the manner which seems 10 It most
right and proper. The assailants Of Gov. Nc
Mutt, were entirely out Of order, when they took
il upon themselves TO abuse and assail him as
they did with the weapons Of blackguafdsm--in
the hall Of legislation, and they should have been
promptly senced and put down by the presiding
ofcer.-The People of Mississippi don't en-
poy them at the rate OF four dollars and ii half to
90 TO Jackson and scold at their chief magistrate.
We asserted at the adjournment of the Legs
laiure, that its acts would depreciato our money
and lnlure the credit Of the State abroad. We
are not in the least surprised at this state OF
things we are only astonshed that II did not
rush upon The couUtry much earlier. The paper
Of our banks would have sunk in thirty days at
Ter the adlournment--b from the impression
that they would check literally upon shipments OF
cotton. What was tho course of the Leglsla-
lure In the first place, they attempted TO re-
peal the IL 2 per cent on ucdeemable paper,
which at once sunk the credit of its paper with
he capitalists, and created an impression that the
banks would greatly expand their issues, for this
vas the only check upon their issues. in the |
lext place, the small note law passed both Hou.
es (although it was never presented to the Gov.
'rnor) authorizing the banks to flood the country |
With shin-plasters. In the next place, the Legs
ature created swarm Of small banks, from
which tho country was only relieved by the veto |
If Governor M'Nut. The direct consequence
If these l-adyised measures, was to destroy our
'redit abroad and to PROSTATE the already i'm
'ared confidence in our banking institutions.
Moneyed men lost confidence in our government,
md the integrity Of public opinion in Mississippi.
I was believed abroad, that this State would rely
lpon temporary and allacus expedients rather
han adopt sound and permanent policy.
Had the recommendations of bank reform
made by Governor MNmt been adopted by the
Legislature, public confidence would have
in our banks, and their best paper
would now have been very little below PAR IN
N. Orleans But when the door of bank frauds
was thrown open to them by the Legislature, re.
lecting men lost all confidence, not only in the
'anks, but the wisdom Of our State councils.
The Minlons OF these corporations waged re-
eness war upon The Executive but public
opinion is now unanimously in his favor, and even
lis bitteres, enemies acknowledge the wisdom and
Of his course.--lt is admitted from all
quarters that his policy was salutary for the banks
and vitality important Tor the people.