The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1841-07-31

ana II we had, we think the great love he
pears US would have induced him n hova
acted differently and for once in his life
solu the truth. There is no helping it
now and Il we should happen to prors
mat the Chief Magistrate of Mississippi
mas dlso0eyed one OF the divine com
mandments which says, "Thou shalt not
re :" we entreat him not to think hard
OF US, and in the language of Holy Writ
we now bid him ego and sin no nsoreln
Let HIM repent Of his past misdeeds and
IN good time, with due penance he NAV
hope to be forgiven.
In this extraordinary letter to Hone
q Co., Governor McNutt uses the follow
InS language, which is SO plain that he
WHO runs may read.
The faith of this Government has
NEVER BEEN PLEDGED for the
illegal and fraudulent sale Of those
bond.'
This IS pretty strong language and
the use of it would seem to Indicate that
his Excellency was we'll informed upon
the subject of which he writes, but be-
fore we are done with him we will re-
fresh his memory a little, and if we
should by any chance enlighten him, we
assure him that he is wecome to the in
formation and shall have it gratis.
In his message to the legislature in
January 1889, which by the bye, was the
first assembling Of that body after the
State Bonds were sold; Gov. McNutt
holds forth in the following manner
Persons who desire to see the whole
message can find the portion which we
quote at pages 10 and 90 Journal House
Reps
He says:
''The State debt now amounts to the
sum $500, $3.50, deposited by the Gen
eral Government, and WHICH is liable at
any time, to be recalled. ITo millions
of dollars in six per cent bonds, sold by
the State to pay for stock to that amount
in the Planters Bank, and fire millions
| Of dollars an fUe per cent bonds, sold to
take stock TO that amount an the MiSSiSSip-
! pi Union Bank, amounting in all to the
sum of seven million three hundred and
| eighty-two thousand three hundred and
thirty-five dollars thirty cents and the
annual interest on that sum (most of it
payable in Europe, amounts to the sum
of three hundred and seventy thousand
dollars. TO PRESERVE THE HON
OR OF THE STATE UNSULLIED,
AND HER CREDIT UNIMPAIRED,
IT is OF THE LAST IMPOR lance
THAT THE INTEREST SHOULD
| BE PUNCTUALLY PAID AT THE
PLACES DESIGNATED, AND AM
PIE FUNDS PROVIDED FOR THE
REDEMPTION OF THE PRINCI-
PAL lit is usually much easier to bor-
row and spend money, than to provide
the means of payment.
/ My recorded votes on the Journals of
the Senate, as we'll as my speeches dur
ing the canvass preceding my election to
office now occupy, show that | never
was in favor of pledging the faith of the
State for banking purposes, but fndsmuch
as the question had been long before the
people, and had twice received their sane
ton, signed the charter of the Mississip-
pi Union Bank, having no constitutional
scruples."
This it strikes US is pretty conclusive
evidence that the "faith of this govern
ment" is pledged for what the Governor
now terms the "illegal and fraudulent
sale of those bonds," but we do not
choose to rest the question here, and we
beg the reader to take look with US al
another portion of the same message
which may be found at pages 81 and "a
House Journal, 1889. Speaking of the
Union Bank his Excellency said:
"The State By her credit alone, has fur.
nished the achole capital of the Misss
sippi Union Bank and justice requires
that she should haze the appointment of a
majority of the directors; and it is de-
serving Of your serious consideration
whether the charter ought not be amended
, so as to secure to the State a controlling
influence oUer the institution!
"The large interest which the State
possesses in the Planters, and Union
Bank makes it incumbent on me to cal
; your particular attention to the affair:
/, and conduct of those institutions. THE
FAITH OF THE STATE is PLEDG
ED FOR THE REDEMPTION oftwc
: millions of dollars of bonds, sold to take
: stock in the Planters Bank, AND FOE
\ THE WHOLE OF THE CAPITAL OF
: THE MISSISSIPPI UNION BANK!
A just regard for the honor Of the Stat
demands that those institutions should b.
= managed with prudence, in order that am
> pie provision be made for the punctual pay
. ment of the interest and Of the bonds at ma
turity"
+ This, we think, is quite as explicit a
5 language can make any thing, but W
| r a II r