Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-02-15

vlefls 20 .l.r, alr-sf. common sense, OF even
va Ie-sIs.rs. a- Gle subject. D. ore Legislature
tas l- H4aeru bnd slceesiia, Legislature.
.or ,asafy. .bry, or forty years, on any one su5
jet. trrv hlrs most o-salrd.y the las power 20
bind al. succeeding Legislatures on such esd ey-
cry subject, AMI there By prevent the nscrs7ty Of
future z..!at.5n. Every .aN book tia, touches
tho subject of contracts, lay, u down that, 70
be a valid coutmr, both parties mus; Be able and
wiling 10 contract, and The contract shall be squ
" obligatory on both the contracting parties.
Tie Wing. who contend that Baak charters are
eonln.t,, contend also, land the Democrats 90
no, deny the positiou) tha. Bank may when It's
interests spand Il wind up is affairs without re-
qmung he assen, Of The Legislature. Il then
one Of he parties be allowed to wind up It's affairs
whenever It may deem it eSpedien, 10 10 SO, is It
a contract unless the other is allowed to 90 like
wise
Tho Wings rail again, the doctrines maintain
ed by tie Democrats as contrary to law and With.
on, precedent in the annals Of leglsatious They
are equally mistaken IN both thcir wholesale as
serion,. The prcpondcrance Of legai authority
to repeal Bank chaltcrs is altogether in favor Of
the power Of the Legislature, as there has been
no sdiudcaled case against It, and the right has
I been exercised by keaucky. Pennsylvania Mas
/ rachlsstts, and many other States Of the Union
/ II IS now admitted on all hands that the banks are
incapable Of benefuing The State IN any possible
! manner or shape whatever. Why then this great
desire on the part Of the Wings not only to sus
tain them but to defeat law introduced 10 correct
their abuses, which ley, the Wigs, pronounce
unconstitutional The passage of this law does
not preclude the banks from testing It's unconsU-
tutionaIty in the courts, If they feel disposed to
Try the question Every Dpmocrat--every lover
Of his country must acknowledge that at this cr-
SIS 1t is the bounden duty olthe Legislature 10 as
sert the sovereign power of the government and
the people.
Having taken summary view Of both sides
Of The question let MS examine the respective po-
>ijons which lie delegation from Lowndes occu.
/ py, 40 Ear as their views on this subject have
/ been developed. | must confess that so far as
| The Wing portion of the delegation are concern
/ ed, am unable to say what their opinions are ex
/ cept from lheu votes which have invariably been
| registered against every measure of Bank reform
/ that has been introduced, as neither one or The
/ other has vntured TO express m opinion in the
House up 10 this period. What were the pledges
| these gentlemen nude when soliciting the votes
Of the citizens Of I.owndes It is well known
TINT Mr.. Evans. nho up 10 the time Of his be
coming candidate was one of the most violent
Loco Foeo's 10 lie county, and who after taking
the Geld rs a Nma champion was open mombed
against the system Of banking IN tins State now
sits down complamondy aud grayeIy casts his
vote in the scale against the proposition Of his
Democratic colleague 70 reform or wind up the
foul swindling institutions that have al once pros.
uated the energies and degraded the character Of
the State. How IS this Has " the sober Sc
cond thought operated upon the lille gentle
man Has his smecure OF bank attorney kick
ed the beam whenever this grave question oh.
rudcd Itself upon his reflective faculties II
the banks should be wound up Immediately
"Ohelos occupation wouid be gone !, " This
would never do the Banks therefore must be at
tackled through "hc courts, and like The
seige Of Trey have seven yenrs campaign be,
ere the enemy IS conquered, and even then j
must be accomplished by straagem.
Mr. Bdups as might be expected from bank
stockholder, has gone the way OF all goot
+ Wings be eyiuces much squeamshness in til,
region of the conscieace and pocket vheneve
the subject Of bank reform Is mentioned il BIZ
presence he therefore hanlshes the thought frou
his mind and seeks every opportunity Of backn!
his Judgment by his votes in favor of these IN
sfiiuiions Of our country Let the indepcn
, dent lreemen of Lowndes weigh the consequen
ces Of sending men whose interests are identife,
: with banks, to Iegslute against themselves.
Ii Is with pleasure that turn from the consd
F. Grafton Of the course pursued thus far IN tn
f House of Representatives, by the Wing portion
n of the delegation from Lowndes to that of ihei
# Democratic colleague, General Speight. Their
is no man 10 The State deserving more credit thai
\ he is for the bold stand that he has taken in de
5 fence Of the peoples rights for he moi only in
d troduced the resolutions upon which this bank re
Il form bill is based, but he maintained the position
a assumed by the republican party against the com
= blned attacks of the Fedcralisis, and few ban
+ bough, " thiepiag" Democrats, in sewers
j. speeches which were characterized bya clear
: ness, force, ability and eloquence which place
q him At once at the head Of the Republican part
!. IN the House, and endeared him 70 every hone.