State rights and democratic union. (Yazoo City, Miss.) 1839-18??, 1839-08-13
From the Lexington Union.
A. G. McNUTT-THE UNION
RANK.

A. G. McNUTT-THE UNION
BANK.
| Some Of our editorial brethren have taker
Us to task for publishing communication
from writer who signed himself !" Demo
GRAFT" Acting on principle, that we think
should govern the conductor Of every public
journal, we shall never hesitate to publish
well written and temperate articles, let them
advocate what political doctrines they may
With the opinions advanced by Democrat
we have nothing to do. We only asserted
that he was a democrat, and expressed the
opinion that if such state Of things existed
as he represented, that IL would be well for
the leaders Of our party TO endeavor to head
such divisions. We now take occasion to
say again that the author has always been
ranked as democrat, and distinguished
one, ant has, not long since. run as regular
nominee Of the party for high and important
office.Nor is he bank director, bank attoT
ney, agent, or commission merchant. If TO
doubt the propriety of running Gov. McNutt
on the Democratic ticket, on the ground OF
his personal unpopularity and uDftness, and
his inability to unite the vote and influence
of the whole party, constitute such a crime
as TO Justly entitle .sDemocrat" to the denun
citation he has received from few oVerbear-
4 ing and incorporate politicians, then indeed
I great many of our party are greatly IN error.
As cur course upon the subject has apparent
Ii given our friends some concern, we avail
ourselves of the present occasion to express
our views, both in relation TO Gov. McNutt
and the Union Bank. Opposed as we are to
a national bank, in any shape or form, upon
the ground that il is inexpedient, a. well as
unconstitutional; and at the same time the
advocate of well regulated and convertible
paper CURRENCY; we have looked forward TO
the Mississippi Union Bank as an institution,
which, IL properly conducted. would afford
Us safe circulating medium, and destined
to confer instimabIe blessings upon the State.
We must confess that we have been greatly
disappointed in our anticipations This great
STATE institution which we flattered ourselves
would restore the lost credit Of our country,
regulate exchanges. ard stand pre.eminent
among the banking institutions Of The South,
We are constrained to acknowledge has dis
gusted and disappointed manv Of its warmest
friends and advocates. We have forhorne to
say any thing upon this subject. The high
character and talents of the distinguished
gentleman who presides over il, and our con.
hdence in his honesty Of intention, rendered
ustieaf to the oft.reiteTated charges made
against the managers and course Of the insti.
tuition. As State institution, and one in
which the hnmhlest a. the most wealthy cit
izens are alike interested. the citizens should
reflect coolly and dispassionately. and not
precipitately condemn. without the most in
dIspntable evidence. Although We make no
pretensions TO extraordinary knowledge upon
financial subjects, but the fact that the issues
of this hank, backed. by the credit Of great
State, are now 25 per cent. discount in al
the adjoining State. is enough Of itself to sat
Isfy anv man the utter Incompetence ofthe
present managers The gross favoritism and
paFtiaiity exercised hr the board, by which
more than hree.fourths of the people Of this
State have been deprived ofany participation
IN the loans made bv II, is Of itself suffi-
:ient reason to enlist the honest Of all parties
against it.
The failure IF the hank to locate her
branches, and The tardy action Of The hank in
citation to individual stockholders, has dis Z
leaTtened hundreds. who spent much time
md money IN arranging their title papers, and
rho have now withdrawn them. Many, and
plausible reasons have been assigned BY the
'ank managers and their friends, ia extenna-
ion Of their course npon this subject; but
hey are not satisfactory, and We are reluct.
ntly compelled 10 the opinion that ii is
d the interes. Of few, and the many
1ust suocUmb.
The wide spread ruin and distress which
lreatened our country; induced hundreds,
az, thousands, of democrats 10 doubt. the ,
Eopfiety Of Gov. McNutl's course in relation
this institution last winter, as premature ,
nd impolitic, and calculated 10 harrass the /,
ank and people, and prevent the Immediate
lcallUn Of the branches. Ii
The reckless and r1inous policy she has !
nee pursued, u opening the eyes OF both |
higs and democrats, and without change I
policy, there will be such storm raised IN | !
e political elements, as will crush the insti.
Ition with all the fond hopes Of iis advocates /
alomas Wesshall support a. 6. McfVutt
: she Office Of Governor; and Nc have no
ssIsaiion II expressing our belief or his Ell. q
g competence and ability. True, there ].
many members Of our party whom We
'eter, and ne know many nan rrhc vnta fnr :