Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-02-04
INTERESTED LeglsIature :
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MouDAy, Ian. 20, 1910.
On motur after the morning business
was over, thf House, 10 pursuance Of its
order, rcsoiYs5 aself into a committee ofI
the whole % BE Governors Message.
The Restitution 81 Gent. Speight, refer.
ring that portion Of the message which re-
laies to the local banks, with instruction TO
report bill requiring allthe banks in the
State to respnSs specie payments by the
first of "A prssfszt, on condition of a for.
feiture oftheir charter, &C., being under
discussion
Mr.. Graves, Of Choctaw, first took the
floor, and condseIy expressed his convic-
ton that the legislature had 4 right 10 re-
peal bank chsfters-and expressed The
hope that gentlemen Of oil pafties would
unite inputting down the iniquitous doings
of the banks IN Mississippi, but expressed
the wish thattbe subject should be discus
sed fully before the House acted upon the
question.
Nc. Talbert then took the floor, and
made a speech of several hours length, N
opposition to tie resolution under discus
sion, aid the right claimed BY the gentle
man, flat the legislature may at its pleas
IRE rep:al the1charlerso of the banks He
claimedto be a democrat, but could moi
sustain be radical measures now propos.
ed, andwound up his speech by appealing
to the legislature not to co1npromit the
honor and dignity OF the State, by adopting
the resolution.
Mr.. Null replied to Mr.. Talbert, in a
few energetic remarks. He maintained
the right Of the people over the hanks
From. every part of the Stale, the voice Of
people calls upon their Representatives to
protect them from the swindling irgsitu-
tons of the country-for himself, he vas
prepared to act once, and he warned Ger.
lain tender fooled gentlemen who had
made pledges to the people during the late
canvass 10 pause before they acted IN de-
reelection of those pledges.
Mr.. Hemingway, in a speech of about
an hours length, sustained the right of Ie.
peal, as contained in the subject ofdebate.
He took an enlarged view of the question,
and contended withm force and inge-
nuity for the supreme right of the people
over all corporations or companies. He
regarded bank charters as political corpo.
rations, established 10 promote public con.
venience, aud cited several judicial author.
tiles, establishing the power of the legisIa.
ture over such corporations.
After Mr.. H. had concluded, the com
mitiee rose, with permission to sit again a
II o'clock on Tuesday.
TUESDAY, Jan. 81.
| The House re-assembied, and after dis.
posing of the morning business, took uT
| the Governors message, and proceeded
| to consider the resolution of Gen'l.S peight
involving the right of the legislature /,
amerd or abrogate the charters Of II,
banks.
Mr.. Guion took the floor, in Opposition
to the resolution. He commended thatright
| had been vested under. the charters of TIL
banks, which il is beyond the power of tn
legislature to take away-that the State @
Mississippi, by passing acts of incorpora
ftlon, lad invited the investment of proper
| ty, and thereby made a contract with indi
viduals, which it would be monstrous OIL
the part of the Legislature now to attemn
to destroy. His speech, although long
vas throughout animated and impress
Esiye.
/ Mr.. jenkins, of Kinds, next took tht
floor, and delivered an able and eloquen
argument in favor of the resolution urde
discussion, at the conclusion of which tn
thronged lobby and gallery resaondet
with plaudits. It was his debut in egisla
tive debate. We regret our inabiliiy i
lay the speech before our readers thi
week, but expect 10 be able IN our next pa
per to do so.
WEDNESDAY, Jan. %.
The House, after the morning bushes:
resumed the consideration ofthe resolution
of Gent. Speight. Mr.. Acker frst too
the floor in favor of the resolution. an
was followed by Gen'l. Drake. on III
same side Of the question; and BY Messrs
Burrus and Sharpe on the other side. TIL
speeches of Messrs. Acker and Drak,
were rerlete with sound arguments in "a
vor of the supremacy of the popular Wi
over all minor interests.
THURSDAY, Jan. %.
The House throughout the day was en-
gagged principally ia discussing the inpor
tant question which had enarossed theI
attention during the past ten days-th,
resolution of Gen'l. Speight. The dis
cussion was prosecuted with much ami
nation and vigor BY Messrs. Speiehi
Greer Of Monroe, Elliott and Matthews o
Marshall, on the side of popular supreme
cy. and The power of legislation over th
banks, and Messrs. Norris and Robinson
on the side of Judicial proceedings alone
The latter gentlemen animadyerted will
considerable severity upon. The resolution
Of Mr.. Guion, now regarded as an antag
onist proposition to that of Mr.. Speipht
The House again adjourned without com
ing 70 any conclusion. It is understoo,
that Mr.. Rodley viii again address ID,
committee to-day
sen & MoNpAr.
The very important topic under discus
son, n the House Of Representatives, hal
so engrossed cur attention during the pas
week, that We have not bestowed mucl
attention upon the debates in the uppe
branch Of the Legislature. o. Monday
no business of general interest was done il
The Senate. A proposition was made b.
Mr.. Tucker, to print copies d
| The bank commissioners report which was
sustained By Messrs. Tucker, Campbell
and Walton. and annoSnl Nv Moesre Far