The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1841-11-11

1
ooposed /; on account Of the supposed
impracticabiity of the scheme, thinking
the credit of the State abroad was worth
less on account Of the previous derelic
lion in the payment of those bonds sold
for the Union Bank. Others were in ia
vor of it, urging that the people regret
ted that act and gave the opinion that
re emission of that sin had been granted
by the fundmongers." And another
pert little member possessing some of the
spirit of the Iocofocos Of the present day,
thought they had forgotten the old bonds,
and that we might be able to "come 1t
over them" again. Another member,
sedate, sensible looking man, enqulred
how the money was TO be repaid, II the
borrowing scheme succeeded The peri
little man said we could think about that
after we got the money, getting the money
was the most important object, paying II
back was of no consequence.
At length however a resolution passed
both houses of the Legislature and re
ceived the signature ofthe Governor, to
borrow a sum Of money for the purpose
expressed above. One hundred bonds
for so cents each were to be drawn up,
signed by the Governor, counterslgned
by the Treasurer of the State, and as
many men, women and children as could
be "come at" conveniently, (his last
was done to obviate the objection that the
people did not authorize the loan) and
stamped with the broad seal oil the State.
There were great many newspapers in
the State, and this entire law was pub
lished in them all weekly or daily until
the next regular session of the Legisln-
ture, when the law passed both houses
ofthat body almost unanimously, received
the requisite sanctions, and agreeably to
portion ofthe law, three Comm ,ssioners
were appointed to sell the bonds which
read as does the following:
"Knotc all men By these presents. that
the State of Mississippi actno,o edges to
be indebted to the Navigation and Rail
Road Company. in the sum of fifty cents.
lohich sum the said State of Mississippi
promises 10 pay in current moneg Of the
United States. to The order If the Presi-
dent, Directors and Company. in ne -
year -, Nth interest at The rate Of IRE
per cent. per annuns, payable halt yearly
at the place named in the endorsement here
TO, uiz: on the - of ererg year until the
payment of he said principal sum In
testimony aOhereof, the Governor Of tie
State of Mississippi has signed. and The
Treasurer has coanterSigned these pre-
SCENTS. and caused the seal IF The Safe TO
be dfred thereto, at Jackson. this -, IN
the - year Of our Lord"
These three Commissioners were we'll IA
vored men, and pretty well calculated in
some parti culars for an embassy of this
description. II was an important one
too, sum of money was to be borrowed,
for the people under peculiar circumstan-
ces; the credit of the State abroad was
bad, as bad as Que refusal, direct refusal
to pay borrowed money could make it
and talents of a respectable order were
called for. One of the Commissioners
was large man, who in his time had
been of rudy ,and probably bloated coun
tenance, appeared by time and the de-
structive foibles attendantupon vain de
sire for greatness TO have lost the fire
and spirited disposition of more youth
ful days. He however, still thought him
self agreat man. In times of peace lon,
gone by, he had struggled for military re
t nown and the epaulette and the sword still
had for him a dazzling glitter, which
a filled his heart with JOY and would a
t times call up the long dormant passio
which had markedthe spring time of hi
I life. He having been ruler when tn
j famous bond question" was agitatec
f and his having been a leader of thos
Y who opposed the payment of that deb
e OF the State, were made strong argu
e ments for sending him to make this Sc
cond negotiation, as he could better eA
press TO the ''lundmongers" the re
o Pentance, deep and strong, which ha
i seized the people. of Mississippi for tha
n great transgression.
: The two other Commissioners wer
: like some of the great men of the pre-.