The Rodney telegraph. (Rodney, Miss.) 1838-1840, 1839-08-08


The neutral FREQ Trader charges that The
Wings are the authors ofthe pest note sys-i
tenn, and to prove it quote the following ex-
tract from the message Of Gov. Lynch:
"The issue Of post notes payable at thir-
teen months or shorter period has been
in order to give greater credit and validity
to such notes, suggest the propriety Of
their being made receivable IN payment of
all demands due the State"
Now Gov. Lynch did not avow himself in
favor of the post note system, he says it has
been suggested" and adds, Gin order to
give greater credit and validity to such notes
suggest the propriety of their being made
receivable in payment of public dues" 1t
is known that at that time the distress per-
vading the State was so great that the Leg
islature was convened IN April 1887, and
that the people from every quarter of the
State were crying out in tones not to be mis-
understood, for relief. 1t was conceded by
all that something must be donekand that
qaickiy, and amid the general and wide
spread suffering no expedient better than
post notes seemed to present itself to either
party. No man who will read Gov. Lynch's
message, can say that he was in favor of
post notes in principle, SO far from it, any
one protesting particle of candor, will ad-
init at once that he was opposed to ii, for he
says SO as plainly as language can be made
to say. But hear him, he says: 1In legis-
lating under our complex system of govern
ment, we are often constrained to forego the
pursuit Of a principle, to obtain practical
benefit.n
Can words be plainer9 Does he not say
a. once that IN adopting the post note sys-
tenn, we were sacrificing principle to OBJ
tain temporary benefit? If he does not,
we confess ourself unable to understand the
plain import of words. But since the Free
Trader has commenced hunting up old doc
ments and referring to old messages, we will
favor our readers with glimpse at mes
sage which mayhap will make some people
look little foolish. 1t is from no less per.
sonage than our distinguished Governor, A.
g. McNutt. On The 18th january 1888.
Gov. McNutt sent his message to the Legis-
lature IN which he recommended the post
note system in the strongest terms. After
declaring that the resources of the Banks of
Mississippi are equal to those of any other
State he says: "Durlng the next summer
and fall, the banks BY ISSUING POST
NOTES payable at the maturity of the crop
of 1889, would be enabled to withdraw their
circulation payable on demand, and SUB
ISTITUTE NOTES PAYABLE AT A
FUTURE DAY bearing interest. These
wonld pass MORE CURRENTLY than the
present irredeemable currency. am full
ly aware that the great objection on the part
of the bank to such issues, is, that4hey CUR
TAIL THEIR PROFITS. This argu-
ment, however, should not have much force,
their improvident management has mainly
contributed 10 the present disorganized state
OF our currency, and they should cheerfully
contribute their aid in giving to the people,
at the earliest possible period, a SOUND
CURRENCY.n Such was the language of
A. G. McNutt only Is months since. Then
post notes were the beau ideal of SOUND
CURRENCY. They would pass MORE
CURRENTLY than paper payable on de-
mand, and there was NO OBJECTION to
issuing them except on the part of the banks,
and they objected only because post notes
CURTAIL THEIR PROFITS. Such was
the language of the man who is now hype-
critically crying out against post notes and
the banks. After voting for FIFTEEN
BANK CHARTERS, and RECOMMEND
DING the issue Of POST NOTES, until
the country is brought to the very verge of
ruin, our patriotic Governor turns round and
with the impudence the devil, swears he
is opposed to ALL BANKS and ALL POST
NOTES. Was there ever more bare
faced specimen of shameless praf;gacy?-
Was there ever more glazing piece of
wicked and corrupt pandering for poper?-
we answer there y not, and we believe that
the people Of Mississippi will spurn from
them, the man who has shown himself SO
utterly reckless of principle. Will THAT ncu-
tral and very candid print the Free Trader
have the honesty to copy Gov. McNutt,s
recommendation Of post notes? We shall
Vicksburg Wing.