Piney Woods planter and Amite union literary reflector. [volume] (Liberty, Miss.) 1838-1838, 1838-04-07
THE LEGISLATURE.

We give to-day portion of the debate
which took place on the last night of the
session of our Legislature, on the Cover
nor'sveto on the Yallabusha and Tallihat-
chic Rail Road and Banking Company
bill. 1t will be seen, that the gentleman
whose remarks are inserted first, was q
political opponent ofthe Governor, and the
one who followed him was among the Go
vernor's political friends. We ask of the
impartial reader, to contrast the differ
ence. The whole of this debate has beer
inserted in the Free Trader, from which
paper, the extract below, is taken.
Mr.. HooPEs, of Claiborne know,
Mr.. Speaker, that the time of the
House, is precious, but l must beg their
indulgence for only few minutes.
heard, sir, with feelings of delight, that
the governor had vetoed these bills,
and ! believe sir, the people will sustain
him. do not, Mr.. Speaker, belong
to the same political party that the
Executive does; but, sir, | look upon
this act of his, as a most true and right
eous one. What has the governor
done? He has exercised only a consti-
tutlonal power; he has transcribed no
provision of the constitution in the
present case; but he has exercised one
which will make him, in my opinion,
the most popular governor that we have
ever had. | agree with the governor
that we have already too much banking
capital. The object of banks is to
loan not create capital, and sometimes
it is necessary to have corporate name
for dispensing real capital among the
commercial and agricultural commune
ty. But will the incorporation of these
two institutions, create any real capital,
any specie basis mo, sir, but on the
contrary will throw into circulation
more irrcdcemable paper, and depre-
ciate still more an already deprecated
We must stop somewhere.
Mr.. Speaker, and / am glad the Exc
cutiyc has first set the example, and
carried out his expressed and known
opinions. Why do we want a greater
bank capital? We have already more
than any other state in the Union.
Here Mr.. Thompson, of Yallabusha,
who was sitting near Mr.. II. whisper
cd, ''except Pennsylvania ! thank
the gentleman for the allusion; yes,
:ir. except Pennsylvania. And now
place the name OF A. G.. McNutt, in
with that of Simon Snyder;
a man who stepped forth and stemmed
the torrent of paper issues in Pennsyl-
vania; and although not sustained by
The Legislature, the people came to his
rescue. Such, sir, will be the case
With our governor; and ! am proud, sir,
that | have the opportunity Of contribu-
ting my feeble aid in so good a cause,
when exercised onso important an oc-
casion.t IGH $40 2n n aac Fa11
Mr.. McAFEh, of Tallahatchie.-Mr.
Speaker, have been very unfortunate
IN my legislation under the administra-
ton Of Governor McNutt. My county,
.ir, was for many weeks without re-
preventative on this floor, in conse-
quencc OF the death ofmy friend, MT.
When ! came found that
we were to have no part or lot in locat-
ing our county seat. / endeayored,
sir, to get the Legislature to pass an
act, giving the people tho authority toI
locate itA1in this, i failed. We are.
new eountyy aswell asia new country
and my constituents want few of the