The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1840-02-07
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From the Mississippian.
HOUSE OF REPR EsENTATIVEs.
MoNnAy. 20lh Ian. $50.


was over, the House, in pursuance of its or
der, resolved itseifinto committee of the
whole on the Governors Message
The Resolution Of Genl. SPR1sHT. refer
ring that portion Of the message which re.
j lates to the local banks, with instruction to
report bill requiring all the banks IN the
State 10 resume specie payments by the first
Of April next, on condition of a forfeiture Of
their charter, sc, being under discussion
Mr.. Graves, of Choctaw, first took the
floor, and concisely expressed his conviction
that the legislature had right to reveal
bank chaFters-and expressed the hope that
gentlemen Of all parties would unite input-
ting down the ubiquitous doings of the banks
in Mississippi, but expressed the wish that
the subject should be discussed fully before
the House acted upon the question.
MT. Talbert then took the floor, and made
speech of several hours length, in opposi-
ton to the resolution under discussion, and
the right claimed by the gentleman, that the
legislature may at its pleasure repeal the
charters of the banks. He claimed to be a
democrat, but could not sustain the radical
measures now proposed, and wound up his
speech by appealing to.the Legislature not to
compromit the honor and dignity Of the
State, by adopting the resolution.
Mr.. Null replied to Mr.. Talbert, in few
energetic remarks. He maintained the right
Of the people over the banks. From every
part of the State, the voice of the people
calls upon their representatives TO protect
them from the swindling Institutions of the
country-for himself, be was prepared TO
act at once, and he warned certain tender
footed gentlemen, who had made pledges
to the people during the late canvass to
pause before they acted in dereliction OF
those pledges.
Mr.. Hemingway, in speech of about
an hours length, sustained the right of re-
peal as contained in the subject of debate.
He took an enlarged view of the question,
and contended with much force and inge-
nuity for the supreme right of the people
over all corporations of companies. Here
garded bank charters as political corpora
tons, established to promote public conve-
nience, and cited several judicial authors
ties, establishing the power of the leglsl97
ture over such corporations.
After Mr.. H. had concluded, the commit
tee rose, with permission to sit again at ii
O'Clock on Tuesday.
TUESDAY, 2lst
The House reassembled, and after 6ispo-
sing of the morning business, took up the
Governors message, and proceeded to con-
slider the resolution of Gen. Speight, invol-
wing the right of the legislature to amend
or abrogate the charters of the banks.
Mr.. Guion took the floor, in opposition to
the resolution. He contended that rights
had been vested under the charters OF the
banks, which it is beyond the power Of the
legislature to take aWay-that the State of
Mississippi, by passing acts of incorporation,
had invited the investment of property, and
thereby made a contract with individuals,
which it would be monstrous on the part of
the legislature now to attempt to destroy.
His speech, although long, was throughout
animated and impressive.
Mr.. Jenkins, of Kinds, next took the floor,
and delivered an able and eloquent argu-
ment in favor Of the resolution under discus
sion, at the conclusion, at the conclusion of
which the thronged lobby and gallary res
bonded with plaudits. 1t was his debut in
legislative debate We regret our inability
to Law the speech before our readers this
week, but expect to be able in our next pa
per to do so.
WEDNESDAY, 22d.
The House, after the morning business,
resumed the consideration of the resolution
ofGen. Speight. Mr.. Acker first took the
floor in favor of the resolution, and was fol-
lowed by Gen. Drake, on the same side of
the question; and by Messrs. Burrus and
Sharpe on the other SIDE The speeches of
Messrs. Acker and Drake were Teplete with
sound arguments in favor of the supremacy
ofthe popular will over all minor interests.
THURSDAY. -.
The House throughout the day was en-
gagged principally in discussing the impor-
tant question which had engrossed their at
tention during the past ten days-the Feso-
luton of Gen. Speig ht. The discussion was
prosecuted with much animation and vigor
BY Messrs. Speight, Greer of Monroe, Elliot
and Mathews of Marshall, on the side Of po-
pular Supremacy, and the power of legisla-
ton over the banks, and Messrs. Norris and
Robinson, on the side of judicial proceed
ings alone. The latter gentlemen animad
verled with considerable severity upon the
resolutions of Mr. Guion, now regarded as
an antagonist proposition to that of Mr..
Speight. The House again adjourned with
out coming to any conclusion. II is under
stood that Mr.. Bodley will again address the
committee to-day. aa
SENATE.-MoNDAY.
The very important topic under discus /
sion, in the House of Representatives, has
so engrossed our attention during the past
week, that We have not bestowed much at
tention upon the debates in the upper
branch Of the Legislature. On Monday, no
business of general interest was done in the
Senate. A proposition was made by Mr..
Tucker, to print, - copies Of the bank
commissioners report, which was sustained
by Messrs. Tucker, Campbell and Walton,
and nnnnsad hr. NJ. En.... Aa...l..Il