Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1840-03-28
Electoral Ticket.

GOLD AND SILVER MEETINGS. Some
three attempts have been made TO get
up public meeting in this county TO
prevent sales of property for any other
description of money than the notes of
the Mississippi Union Bank-aH of Which
failed. We feel it duty to give our
views upon the objects to be accomplish
cd, and the results that will follow such
meetings, and however unpopular they
may be-however unpleasant they may
sound In the ears of some of our friends,
yet we shall not hesitate to declare them
openly and freely. 1t is a source of
gratihcation TO us as q citizen of the
county, that all former attempts to pro-
duce Reorganization through the popu-
lar assemblies, has failed, as it shows
that Madison county, however much she
may be embarrassed Is yet the supper
ter of order, justice and law We know
that many are deeply embarrassed, and
Will be much injured by demands for
other funds than the bank paper of our
State. Yet, is it not equally bad and as
injurious to compell fellow citizen to
receive IN payment of his debt, such
funds as will nett him half of its nomi.
nal value2 The profeSsed objects of such
meetings are, toPrevent sacrifice of pro-
Perty--the real object to prevent the sale
OF property entirely, or the collection Of
debts. Of an individual is fearful his
property will be sacrificed, let him
claim his rights under the Valuation
Law, and that will insure him against
all loss, far better, than any resolutions,
portion of the community may adopt
1t we have law which will prevent our
property from being sacrificed, why do
we not appeal TO it for protection instead
of the resolves of public meeting?-I
We have such law! and yet we seek
not protection from it? if we were, it is
sufficiently broad to guard the rights Of
all against the rapacity of such credi- |
tors as are Of the Shylock school. Such |
being the case, we having a valuation
law TO guard US against sacrifice, and it
not being resorted to by the popular phi
lanthropists Of the day, shows that their
object is disorganization, and resistance |
TO the laws of the country. Besides no
general good will follow the prevention
of sales, some may be bcne fitted, but it |
will give others an opportunity of run
ming their property to Texas, or placing |
it beyond the reach of their creditors,
and thus not only cause great loss to them,
but involve some unfortunate friend in
ruin. We had che instance in this coun-
ty-caused by preventing sales for other
than Brandon money-when the debtor |
so soon as his property, (having been Of |
fered for sale by the Marshal, for specie,)
was returned TO him, sought the first op-
portunity of escaping to Texas and lear
ing his friends to settle his accounts
Such will be the case again, besides the
debt although it may be postponed, will
not be paid, and delay will only increase
the interest and cost, and render it even
tuaily more difficult TO be lIquldated.
We cannot procrastinate always, and
we are bound to come to the Gold and
Silver currency eventually, or compelI
the Federal Government TO abandon Its |
policy Of reducing everything TO that
standard. We all have to contribute TO |
the support of the Government, and SO
long as it exacts Gold and Silver, the |
same demand will be made by every |
creditor of his debtor. We hope Madi-
son county viii. Notwithstanding her en-
barrassments, submit to the laws of the
land, that her citizens will not follow the |
pernicious example of few Of the sur
rounding counties, but in all cases appeal
TO the laws of the country to protect
their property from sacrifice.