Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-04-17

one, and can o be possible lila rotten CJuCeu
can be made sound and Jha, too " 80 simple ana
honest a course aud 5 It possible me people have
ssrnI TO sSlnds too guess they have Banks
sud people with but lew exceptions, know gfea
deal about the process Of applying other mems
means to then use without iull consideration
Justice IS much astonIshed the gentleman had no
earned his long before be Yves compelled 10
anow IT, guess the gentleman knew how to
make q bad bank It So, he should nave gwen
ne receipt opposite. As he has not done so, lie
Justice ny Borrow largely then eSade pay
menl, curse The bank, cry down ITS credit, GET into
he legislature, compel the bank to pay and pre-
vent her collecting and you will be pretty sure to
have bad bank Add to this condition If The
bank fails to pay she shall pay seventeen pei
cent. while her debtors are only to pay seven PEI
cent and the work IS accomplished, Justice
would not be understood as the spologIst OF bank
swzdhng God knows we have had enough Of 1t
nor will he be for individual swindlng. BY the
ont efforts OF both, the honest few have suffered
sorely,
The remarks Of Justice were SO general bel
could not have supposed any one could have Ia.
ken them TO himself, and from the notice takenI
4 by Waty, | eau but think 1t has been more ioI
the purpose OF showing off himself than for any
4 objectionable matter be this as 1t may, Justcel
viii not be driven from his position which is thal
The credit and honor Of the State should be pre-
served. To do this, the bank should be put III al
state OF liquidation, let the people know The loss
and though 1t be clear sweep, the amount OF tax
alton is not half so great as many have supposed.
/ Ii the Stale were 10 sell bonds for one million oil
good funds, would not that be sufficient 10 pur-
chase United States Bank Stock sufficient toI
cover the claims against this State But II Isl
HOPED and believed this amount at the lowest cam
DE yet saved from the bank whether 1t can OF
DOT, is not the question. Shall the bonds be paldl
IS the point to DE settled. Justice goes for pay
ment, because We have had the money, whether
often fairly or not. For the sake Of argument,
iJuStce will admit the Governor and all who voted
flor the law authorizing the sale OF the bonds, are
Ia set OF puljured rascals, as some contend that
Athe law IS unconstitutional that the bonds were
! sold IN fraud and that the people did not author
lze the sale, and for the sake oil argument, Justice
/ will 90 further and admit that If the money was
that after The theft or purchase aud before the
Hmoney was all secured the peoples agents met and
by their acts recognised the dongs oil their agents
! as their owns appointed other agents to receive
athe money so stolen or purchased aud authorised
those agents TO do many lhngs contrary to any
Aleglumate system of banking. Alter this the
.electon OF other agents for the people Is had, the
La tod "a
Jtormer acts No voice Is heard from the agents
aof the people, twice chosen, condcmnlng the theft
4or purchase until the money is squandeIed as was
ITO be expected. Add TO this, the stock holders
i They meet select their agents, further ecognlsng
Nlhe THEFT or purchase, approving the violation o,
The constitution aud all other prohibitions pre-
I scrblng the sale, the kind OF funds, nc.
n The rule, sometimes called the golden rule,
rum IT'S exalted principle OF morals, shoud new
|yer be lost sight Of, how tferent the rne, had we
f oaned that amount OF money. ado unto other,
Has we would have them do unto US" is IA principle
AJusuce will never consent TO depart form. Fol
IN The further Illustration OF this subject let US take
the case OF Alabama, she has Sold bonds to large
Eamonn issued bills TO much greater extent; al
Awhch is contended are III violation OF the const
y luton Of the United States, which says no State
) shall emit bills Of credit. Now. II, after the re-
Il cognltlon of her Legislature and the people, SHIT
r should avail herself Of the subleruge Of the con
e stItutonahly of The act, and should refuse pay
f. mPut, the condemnation of the world would dis
grace her forever and in like manner would Mis-
Slsslppl share the same fate. Had we refused t,
#tecognse the sale at the time, upon constitution
al grounds, upon the fraud OF sale refused to re
ceIve the money, we might, with good glace
reinse payment. Then was the time and St
Murged by many, but the people would have
lot erwlse. Distress pervaded the whole State
SrelIef was the cry. Look at the condemnation
of Gov. McNutI for his proclamation preventing
The sale OF more bonds. No Illegally then Nov
that distress Is TO come from another quarter shaI
i I'VE avail ourselves of slratagem and fraud to war
loft the evil Of our own acts answer, no taxi
Eylrom me all have, 1t is Trash compared to IN
Ncharacter. lie that steals my money steals trash
3out he that steals my good name takes from m
aII that makes lie desirable.
II 10 the charge OF Justice being stock holde
IN some deunct bank he pleads guilty. JustIo
has ten shares in the Commercial Bank of Ca
aIumbus, for which stock every dollar has lon
Il Since been paid up. For the mlsmanagement 9
sad bank Justice is IN no way responsible b
Nhas never gwen vote In said bank. The ottl
Il cers he looked upon as honorable men as were
Mbe found any where. Nor has he had any ager
acy IN creating any Of the banks, but opposed the
i creation from the FIRST. The people ordered
Motherwlse. The banks have not answered the end
4 tor which they were created Now whose laul
hose who borrowed the money aud dsirauded tn
4bank, the directors OF The bank or The bank itself
AJustce believes all were wrong. The prlncIp
Fl banking upon discount by multiplying and Ell
aargIng lis deposits to three times the amount
lis capital is all cheat. We now feel II, an
until the people can be convinced that the sui
stance Is better than the shadow it must be so. =
Justice feels be has done his duty to himself ar
country to the hes, Of his ability Can Watly sa
n as murh JITSTICE