Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-01-19


and returned to him. The amoaut, retained lo
a period OF more than three months, was ifeer
OF twenty thousand dollars, parton OF Whicl
was ptid over 10 the present Treasurer las
month. lie reports 10 me thai he cannot asSfr'
tain the true situation of the late Treasurer
books A myesliganoa OF the Whole matter Will
enable you 10 ascertain the eNoct situation Of ol
the accounts Of tie deceased Treasurer. Add:-
uonai legislation may be found uecesSav--ll
would bee proper TO require all the papers, el.
fleets and money in the Tfeasmer's office to
be sealed up at The deceased Of the incumbent,
aud 10 be delivered over to has successor as soon
as appointed. Suitable penalties may be found ne.
coSsary 10 prevent an improper use OF the State
funds IA such cases.
All the Lots IN the City OF jackson, belong.
iug TO The STATE, have been sold--thoso excepted
reserved fer public purposes and for the health,
ornament and convenience OF the city, The late
sales amounted TO the sum OF one hundred and Sc
,cuty.eighl thousand nine hundred aud one dol.
| ars, payable, IN two and thee years. This sum,
/ # IT could be made available, would be sufficient
10 finish The SaIe House and improve the ada.
cent grounds.
| Large appropriations will be required TO fin
! ISL the Pentcnllay tools Tor the con.
,icts, materials 10 keep them prohlably employed
and pay lor the Supeunlendants. With a sound
currency tbs prce OF labor and materials Will be
gracily diminished.
In pursuance Of the authority vested IN The
Executive, by Law, | transferred 10 the Mlssls-
.ippl Union Bank twenty-five thousand one hun
died and SIX dollars aud fifty two cents Of the
notes, payable m one year, taken IN payment Of
Lots sold m the city OF jackson IN November
1888. The nett proceeds OF SAID notes, amount
my to the sum of twenty three thousands four
hundred aud seyentythee dollars and eighteen
cents, has been pald over to The Treasurer. The
account ci sales OF the Lots sold on the 3 LIST and
22ud OF November, ISIS, is herewith transmit
ted. II viii show thai they brought far prlcc,
oud th1l The sale could not have taken place at q
more favorable penod. The hen reserved upon
them all, together with the personal security, wll
ensutc the payment ol the purchase money.
Tho Capitol, although not flushed, Is so far
advanced rs to Afford accommodation 10 the Leg
stature and the various public officers. The
building has progressed very slowly the pas,
year, and II is believed that the expenditures have
been unusually extravaganza A nsld scrutiny m
to all the contracts aud accounts Of the officers,
tHdIHtu VIII lIC ttfAHpH VI hlh'S Ahph'' ''H
Penu nuary, Is necessary. Ii viii enable you 10
ascertain what further Legislation may be re-
qu,rsd, IN order to ensure the speedy completion
ol the Public buildings, on reasonable terms
The Resolutions N relation TO the Revenue oil
this State, approve May 10th, 1887, Will engage
your early auentonthe reasons Tor IT'S passage
have 10 u great measure ceased, and tue paper OF
those banks thai have failed to resume cannot any
longer, be taken with safety. Should Tie resolution
continue m force, The paper oil worthless banks
alone, viii be pad INTO the Treasury, by the
lax collectors, aud IT cannot be used ~ payment
Of The charges on the Treasury. suggest the
property OF authorizing The Institution OF suIIs 90
all the notes on the Treasury, on Banks which do
not redeem their issues m specie. u the saIa-
rles OF the pubic officers are considered 10 be too
high, they should ~ reduced, what It is gross M
justice TO pay the creditors OF the State funds 50
much deprecated as tie notes oil several Of our
incorporated Banks.
The state debt now amounts to the sum Of |
S3s2,335 80, deposited by the General Govern
men aud which Is liable, AT any time, 10 be re-
called Two millions Of dollars N six per cent.
bonds, soldby the Stale to pay lor stock 10 that
an unt IA Tie Planters Bank, aud tlt millions Of
stock to that amount 10 the Mississippi Union |
Bank, amounting IN all TO The sum OF seven MI !
hon three hundred and clghly.two thousand three |
huAdlcd and lhirly-hYe dollars aud lhlry cenls--
aud the annual interest On that sum lnosl Of It /
payable III Europe amouts 10 the sum oil three |
hund ed aud seventy thousand dollars. lOptc- /
serve the honor OF tho Safe Jnsuled, aud hen /
credit unlmpaned, IL is Of the last Importance that
he interest should be puueluaIy pad, AT the pla-
ccs designated ,and ample funds provided Tor tho
redemption Of the puuclpa--H IS usually much /
easier to borrow and spend money than 10 pro-
,ide the means OF payment
Ny recorded votes on the Journals Of the Sen.
ate, as well as my speeches, during the canvass
preceding my election 10 The office now occupy,
show that never was 10 favor d IdcdEng Inc
faith OF the State Or Banking purposes, but, m
asuisch lie question had been long bciOle lbe
people aud had twice received their sanction, | /
slgned The charter Of the Mississippi Unon
Bank, having no constitutional sctuWts.
Soon alter the managers were elected, was /
called Oh to pay two aud hall per cent. Oh the /
States subscription OF tive million oil dollars IN
cash. This | declned dolng-lhe corespon-
dence herewith transmitted Will show my Iea-
sons for pursuing that course
On the day the books were opened at Jackson, |
| subscribed Tor fifty thousand shares OF stock IN
the bank, and executed bonds IUr hive million vi /
dollats, as soon as they we've prepared Tor my Ol- |
lcml signature +; aud delivered them TO the mana
gers u tue Bank. Inc documents heren ia sub |
mllted wl place you N possession oi the nstruc-
tons oi the Mississippi Union Banh,to the Com !
uIss'oners appointed TO negotiate The bonds azd
the terms OF the sale. Ihe charter Of the bunk /
that Tue b1nd shall mol be sold Tor less
lnan tner par value They were dated On Tue
nth, sixth, seventh, eighth, and ninth days OF |
June, ID. 1898, auc payable IN twelve aud I
twenty years from the nth day Of February, |
1uuA LII III A., A,rhnlna R..l.ll, E.n IN, tn.