Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-08-31

a0lo on 10 the effects Of the IT, la' right to
t To ,s,a' ,a the payment Of the s. '0 Bank
OF tf' sale fthe bonds. sn. t'e proceed,
oanno, need refatafion, in any W Proposition
community i only requires 70 : s,l regulated
ted to be publicly condembss y puSFey.ta.
Gen Gen. sE :. spElGHT,.w,.
Court--State who you ara "ifsEss
missions you have made in rs,, nd what d
billty Of the State for these hos $50 70 he La.
WfrNEss:--I am Gen. Js,..s
member of Congress from the S,.,p ght es.
Carroll 'a' used occasionally to b. ssT . NotL
Speakers Chair in Congress, WHEN ', u. % the
er wished to vacate it; have served Sp'af.
lslaiure Of Mississippi, from IL. - 'AsiA
Lo~ndes' was elected Speaker of,S IoUny Of
and figured pretty considerable ian s - hou''
Jackson VISITED me at the city Of J..t Zen.
to my admissions I would remark "a. as
much stress ought to be laid on tbs.. uia not
opinions or rather expressions bav. ' =. ny
markedly vaccllating on this ,ubio. yea re- .
that respect | could have in the 49, 49, 'a' u
ties have taken sides with eou,l -. = p'f'
with either party. This circumst,Drs. .'pl''q
me at times IN a rather disagreeabls n. r''"
ment before the people and son.,;s p.'-'''
almost induced to wish thai had nsr. ,' 40
John Kyle: the ghosts Of old circul,,- : ''s'
paper essays, and forgotten letter., - Lo
spectres to rise up against man vbs,t H''&
ing on swimingly,and hatters llim.alr,l..'lS
have been buried too deep in thegraye ' aG.sr
ION TO be broughtto light agans. him IL. 0'-''
will state the admissions haze ma .'''
the liability of the State. In an sddre,, : ~
freemen Of Lowndes published in tho r,
bus Democrat May 22d ls4l, I ,.n.1 l1,
sit will be remembered that Mr.. Ie,L, .r =.
in favor ofrevoking the Union Bank ,l...
and making it a State institution, r. ~
! l objected; | took the ground that !, w..
private contract between the State and ,,,.t
holders and that in as much as the a., =,
4 bound for the money the Legislature bad :.
: right to liberate the stockholders"
: "The proper question was how should ,bs
G Bank be managed So as to so,. II, g..
: harmless dc dc.
: Il hold that great public emergencies vii
n arse IN human events when not only ,w h.,
the constitution itself must yield to public oo;o
b ION, which | conceive was the case in re,s,
e ence to the banks and currency of this sa,s'
&c. g..
n In piece signed Curtius in the Column,
Democrat Feb. Goth ls4l, Of which III. wi
ness was the author, the following opinion
:, expressed.
! "Ihis money has been obtained as loan
: the banks on what is most foolish'y called Ii
faith and credit of the State, or IN other Wor5
; those who you sent TO Jackson to egislate {
e you, authorised those banks to borrow t!
: money, and have put your land and negro
i as security for the same. In letter TO r
9 friend Mr.. John Kyle of Feb. let i54l, pu
: lIshed IN the Columbus Democrat saw ayt
, ask what we ought to do in relation to Il
, stare bonds! | suppose you mean the bon
q OF the Union and Planters banks MY OPT
p lonis that the two banksiOughforthwiih to
Y placed in stale of liquidation, and all the
. SETS applied to the payment Of those bonds,
| toa bzIsHcei sa.r-.A-'----y
l published in the Columbus Democrat
article which has never been sufficiently 1
ticed, in my opinion and take this occasion
draw attention 20 it. The following Is
copy.
"The way to make the Union Bank 3 2,
Bank.
The Miss. U. B. Jury Tax g.;
Jesse Speight,
d. w. Wright, ! Sheriff 80
and R. H. Patrick, Shift Of Kinds Co. 8
81,
Received Of Jesse Speight the above
cost as taxed in full Feb. % IS4l, o. P. Br
Clerk. have also paid the principal al
all others vii do the same the Bank ca
brought out without taxing the people.
did not think il matter of sufficient
portance TO mention the fact that the oriG
debt was $4,000.
The money was borrowed LIST Of April
! used sat par" in payment ofs North CarC
f debt,-was reported as part ofthe "sus
j ded debt" OF the Bank by the Legislatu
1910, was repaid 22d Feb. 1871, by Sc
cotton TO Buchanan e. Prophit &c, of CT
bus at 20 cents in Union money when C
was selling IN Columbus at 9 cents. T
! should suppose that l gained about ts
| seven or twenty eight hundred dollars BY
operation, with the U. Bank, from the So
these bonds
In 1910, whilst Speaker of the Hou
voted for the election of FIVE directors OF
half of the State.or the Miss U.B.
Journal of the Senate of 1910 page $40.
terminated the examination oi,wltnesses.
The court then proceeded to give its d.
ion on the case in the following language
, The court in giving its opinion in this
finds II difficult TO select more apprOpriat,
I presslons or adopt better summary Of
than have been embodied in an essay publ
BY Mr.. Volney E. Howard, one Ofthe
$ prominent and distinguished members O
). Democratic party, gentleman who hal
:, only written with ability, but who has f
, with bravery in the cause of his party.
"The acts of the State in every p
:, pie of laws and fair dealing amour
" confirmation Of this negotiation, anC