Southern pioneer, and Carroll, Choctaw and Tallahatchie Counties advertiser. (Carrollton, Miss.) 1840-1842, 1841-10-02
ADVERTISER
VOL. I.-No. Al.

why should be tax to pay the bonds!'' Now
my dear sir, by the same process of reason
ling, there is scarcely tax imposed that
might not be considered a hardship. Every
bridge tax that has ever been assessed oper-
ates unequally, and injuriously on some, for
tits hardship fer the people of one section
OF the country, who need no bridges, to be
taxed for the bridges built in another section,
over which they never travel, and from which
they derive no benefit. But again.. Let us
suppose that one of our remote northern coun-
ties is invaded by savage foe, and by no pos
sibty, could his hostile steps reach the coun-
/ ty OF Adams, that to all intents and purposes
we were as secure as the people beyond the
mountains, could we or would we refuse TO
march to the relief of the county attacked?
or would we refuse TO be taxed 10 paw the
expenses of the warl We derive no benefit
from the money expended, ON the contrary
1t IS all expended at point ramote from us,
and yet, where is the man who would refuse
10 pay his twenty or his forty dollars for such
an object? No citizen of Mississippi is SO
destitute of patriotism and state pride as not
to be willing TO shed his blood and spend his
money in the defence of the soil of his state;
no one could bear that it should be polluted
| by the steps of foreign foe. And can we
our honor? You are told you will be taxed
$40 head to pay the State bonds, and will
you for the paltry sum of $40, allow the pligh-
ted faith of the State to be violatedl | will not
believe it.
But you will not be taxed to pay this debt.
The assets of the Union Bank will pay at
least three millions, and surely the next legis-
1 ture will not be so remiss as not 10 secure it.
The whole assets of the bank, ought TO be as
signed in trust for the payment, first of her
notes and deposites, and next of the State
bonds. | have it from the best authority, that
not less than "a or millions may be relied on
for the discharge of the bonds from this source.
: And the distribution bill now before Congress
and which must pass at this or the next ses-
sion, will give us the means OF paying the Sc
e mi-annual interest and the balance of the
2 principal of the bonds. This, think you may
rely on.
The discussion of this subject has been pre-
mature, and got up for party purposes. Th'
bonds are not due till 1850 and 1858, ant
many changes may take place before them
But suppose the next legislature resolves
v "that the State is neither legally nor morall,
d bound for the bonds, and that she will not pa,
v them;'' and that Just before the maturity O
II the first series of bonds, the legislature then n
session, resolves, that we sslnoraIly anC
) legally bound for the principal and interest d
: the bonds" Which of these resolves is to be
: binding on the peoplef There may be this
v conf1iction. We have right TO expect il; for
3 the last legislature resolved, that we were
d bound for the payment of the bonds and would
e paw them. foresee that we are to have moth
: ing but conflicting legislation on this subject
l. for years; and that much angry excitement
n will be produced by it, and | think much adj
j. vantage will result from the postponement oI
d the whole subject, until after the assets of the
i Union Bank are secured. Let each county
r exact pledges from their members, that they
will use their best endeavors to have the assets
e of that bank assigned to commissioners selec-
# ted by the Chancellor in behalf of the state,
n whose duty it shall be to collect the same and
t, apply the proceeds to the payment, first other
e circulation, and next of the bonds, and that
until this is done, no action shall be had on the
II bond question. For until we know how
j. much we have to pay, it is both morally and
legally wrong to resolve that we ,oiA pay moth
st ing.
a But suppose that it is resolved by our legis-
q lature next winter, that we are not bound tc
to pay the bonds, will this at once exempt the
ct debtors of the Union Bank from their liabili-
e ties to the bank? If the State is not bound &c
be refund the money borrowed from Hope q Co.
re the people who borrowed the same money
err from the Union Bank cannot-be bound TO re
as fund it to her. An ACT then of the next egis
10 lature, releasing the state from her obligations
Sc would at the same time release the debtor
e. of the Union Bank forever. But succeeding
re Legislature may resolve that the bonds must b.
6. paid and in the mean time the debtors of thu
We Union Bank are all released, the books o
Ed bank destroyed, and the institution itself blot
IN ted forever from our memories!l What
es our condition them Why we have wonton
x-lly sacrificed three millions of dollars, whic
e. should have been held sacred for the paymen
DIS of The bonds, we must resort TO enerous tax
tn alton, to make up this efficiency. But ma
be told that a resolution to release the stat,
ID will not necessarily exempt the debtors
Nh the Union Bank. would ask if this be nj
en- SO, what will you do with the money cole,