Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-03-24

ssWth these facts before mel r.
bly, led to The conclusion that the ~. :.
ted for the benefit of the Union Bs,Ee
Their nenhiy or they were excludes
provisions Of The original cbaraess-
formed under the original chaneg tbra
by any possibility, be any direct resDns
on the part ofthe state to pay the bsaai.
part of them; no resp on sibility cs1tst
ed to the State until the whole asss,,
bank are exhausted, the mortgsgs
and the bonds of the stockholders s9s5s
prosecuted to insolvency; after whicht.s
might be called upon to pay the bellaps
mortgages 5ffd 6oiA6ss4 q eB tt0gstRas y.
amply sufficient, to secure the State q
any loss. But portion of the Stockh915l
quite anxious TO involve the State il is
ter, entirely; but viii again say toties
men, that they cannot involve the Szie.
out first duplicating themselves theyugs
the bends were sold before they execasI
mortgages and bonds were, and thai 4
reason they are not bound; but ! Epdl
the gentleman TO the original chsrs.ts-
| think that | have shown that the su9ols--
tai act cannot bind the State) IN it-3s
find, that the mortgages and bOas
stockholders was ,,the primary cozi7s
ackich the faith Of the STATE twas tsbslls
and as such constitutes rial parf5z
| We take the above extract. i'm a
from Joseph Leake ESQ, to the edtszI
Columbus Democrat. We have hi
Leake fom childhood up, and FEEL uz1I
at finding him fighting so strenuoE! y
the honor OF his adopted state. We 2
rnu Oh respect for Mr.. Leake as ann .
has in this instance most undoubied!
ken a task to which he is incOmps.1
Mr.. L. writes with a great dealOfsipisS
fidence in his abilities as lawyer " AZ
liberty of pntting to him a few hga
FIRST. if the state is not bound frheF %
ofits bonds, before the assets Of ihs 81
, exhausted; how does II become b11ll qs
: assets have been executed! Thefa.
+ was made years since; but one c'alaa
ever been made between the S1RA
who hold It's bonds; and that coDtaS az
no provision, by which the STATE ki'RA-
secondqrilu. IT there has been but q
tract, The provision, that the sisis .
found only in the second instance, nus
that contract, or it caunOt be al al
IDLY, Did or did not the sfOckhad's az
: Bank, pledge their property with ihs J.
: standing, that the state should rahs
millions of dollars, BY the sac Of be-
which sum was to be placed u The va,
! the bankr3ly If the state has not P'll'il
part of the contract, by raising lhe nl'ss-
: lions of doIlars:-are ihe siOckhOdei %
the mortgages wevish Nj. Leake q
other person to answer these quesll's
Read the following from the Naa'aa !. !
lgencer, and then let the LOesiO'oi "
been for years railing about iAe 80
: judges" ofJohn Adams, forever sisl =
peace.
1t appears that. after the Sen,iSs 49, !.
exampled moiority had passed ae 49,. .S~- I.
f the circuit which the late JEsies 80 uepSs
attached to, and whilst that bi " y 80 =;
before the House of Representative, -, i
ity of the Senate took up the nonlll GO D }
Daniel as a Judge Of the Supreme eJ- 3
United States, ongTuesday night IN
van that the Wings protested &c S.5.si,,
an Office, which had been suspeno1 III i
the Senate could act; It was u van "a. "a {
pleaded for time. by laying the n l.... EDog
on the table or referring il, u1iii : = .gres
whether the House would relee1 ! . : Z
| The bin ofthe Senate. Aaposl0'.n'II.sf, ber
refused; and about II O'Clock a 3ssr ,,,;ra !
/ The Wings but one had retired, tls - - I
| of Mr.. Daniel was confirmed q s.I -. yoi
| iorisv,seyeral Of his own political trisne :
against nm.
| Tie Legislature Of Va. bas elesiel g =,
Archer Senator from that STATE, n % =
| OF the United Statee.
It's rumored that the Hon. John sag
i IN have mission TO England,