Lexington union. (Lexington, Miss.) 1838-18??, 1839-10-26

against the great mammoth Union Bank
with Its capital Of fifteen and half mil
lion of dollars. He voted, in 1887,
against the bill drawn up by the lobby
member, Chancellor Turpe, conferng
banking privileges on the Mississippi Rail
Road Company, to the amount of eleven
million Of dollars. He voted against the
Commercial Bank of Natchez--capital
three million one hundred and fifty thou
sand dollars. He voted against the Bran
don BanI-capiial four million Of dollars.
The wings of both houses voted for these
monsters, with grent unanimily; and all
of them became laws mainly by wbig
votes, and during the administration Of e
whig Governor, who was TOO timid to WELD
the Veto Truncheon
In 1888, Gov. M'Null vetoed five Real
Estate Shinplaster banks, and prevented
about fifteen others from passing, that were
before the legislature.
In addition to oil this Gov. M'Nuu,
when member of the Senate, defeated
bank bills which had passed the House Of
Representatives, still further increasing
the BACKING capital of the State more than
twenty million of dollars. Among the
banks thus defeated by his influence
may be enumerated the Bank of Warren
ton, The Yazoo Rail Road and Banking
Company. The TIlatoba and ITALIA
hatchie Rail Road and Banking Company.
The Starksvile Rail Road and Bankig
Company. The Central Bank Of Madison
County, and several others. Those who
doubt the facts here asserted, can find
them 10 be true, by applying to the mem
bers of the Senate who served with Gov.
M'Nutt
The wings in order to swell The cata-
f louge of banks voted for by Gov M'Nutt
accuse him Of voting for the Mississippi,
Shipping Company.--That concern was
chartered before Gov. M'Nuu became a
member of the Senate. At least four Of
The banks he voted for we're located in dis.
, trcts then unrepresented in the Senate
, their passag was urged By the whole dele
r CATION in the House from their vicinity.
Appeals were made to the libcrality of
Senators, which, rnder the circumstances,
we're irresistible.
i The bill requiring the Agricultural
Bank TO establish hrach at Athens, in
Monroe county, was never accepted by
the bank, and no branch was established
there. 1t is worthy of remark, that most
of the banks Gov. M'Nutt voted for, went
into operation after the suspensions of
specie payments. They commenced their
Operations in fraud, and disregarded that
clause in their charters, requiring pay
mcnts fer stock TO be made in specie or
convertible paper. The wing commits.
sioners and directors, not the Governor,
must answer to the country for the evils
they have inflicted. Not more than five
millions stock has ever been paid into The
banks voted for by Gov. M'Nutt. He
was not the Governor Of the State when
they commenced their neiarious Opera.
tons Since he has been in his present
office he has used all his influence to cor.
rect the evils produced by their vicious
action. The wing members of the legis.
lature have uniformly opposed his reco.
mendations, and until lately have been
the noisy advocates of all the shinplaster
f" Institutions of our country" They
now profess willingness to wind them up
by judicial proceedings. Are they not
aware that this course was tried ia 1887
and 1898? Chancellor Turner refused
to grant an injunction against the
Lake Washington Bank. Judge Coulter
refused to grant an injunction against the
Vicksburg Water Works Bank. Judge
Shattuck refused an Injunction against the
Bank of, Grenada. All these judges are
wings. They appear to think that banks
can do as they please, and are above all
control. Kentucky, about twenty years
since, by a legislative act, repealed the
charters of about forty banks. Let the
legislature Of this State intimate her ex.
ample, and we will soon be relieved of our
worthless currency. Gov. M'Nutt re-
commended this measure at the last ses.
sion. Will Chancellor Turner recon-
mend a similar measure, if he is electeds
Its susceptible Of proof that the wing
members Of the House, from the district
represented by Gov. M'Nutt in the SEN
ate, voted for five times as many banks,
with more than four times the aggregate
capital, as Gov. M'Nntt. Their great
champian, A. L. Bingaman, never voted
agains: any bank charer,it appears while
he was member in 1886, 1887, 1888 and
1889. S. S. Prentiss never spoke against
any bank charter while he was member
of the legislature. His vote is not TO be-
found recorded in the negative in a single
instance. 1.-The was opposed to the charter