The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-09-24
At meeting a short time since in Alta


At meeting short time since in AttaIa
county, the following resolutions were pass
ed:
Resolred, That the State of Mississippi
is neither morally nor legally bound TO pay
the bonds of the Mississippi Union Bank
sold under and contrary to an unconstitu
ltional charter of said bank to the United
States Bank of Pennsylvania, through
Nicholas Biddle, their agent.
ReSoIred, That It is right and moral for
the Mississippi Union Bank to pay those
Bonds and interest mot in pounds, shillings
and pence, but in dollars and cents,) ac
cordlng TO the charter Of said Bank.
ReSOiUed, Thattis right and moral for the
Directors Of the Bank who have had large
accommodations from the Bank with all
Others who are indebted to said bank to pay
up and enable the bank to pay said bonds as
they become due. which will preserve the
honor and dignity of the State.
This is the general tone of the Anti-Bond
argument. Now, fellow citizens, we ask
you, in all candor and sincerity, with US a
few inmates, to look at this argument.
The first resolution denies unquali6edly,
that the State is either legally or morally
bound to pay the bonds, upon the grounds,
first, that they were sold under an uncon-
Institutional charter. And second, that they
were cold contrary TO an unconstitutional
charter. Here the Bank, or the Charter of
the Bank, is unqualifedly declared to be un-
constitutional. And this is the reason or a
. MI fho &c
now! The Charter Of the Bank is declared
unconstitutional. Now, reader, look back
; again if you please, and read the second
resolution. cit is right and moral for the
! mississippi Union Bank to pay those bonds
! and Interest,". And the third resolution as.
serts the propriety of the debtors of the bank
e paying up, that the funds may be forthcom.
ing to pay the bonds with,
; Now, we fully concur in these two las
0 resolutions. But see how perfectly dead
e they are killed by the first. II the charter
+ of the bank is unconstitutional, then it is ut
2 terly null and UOid-there is no charter-thert
d is no bank.-Every transaction purportine
to have been made by "Mssissippi Unior
: Bank" IS utterly cold, for there is no Law
creating such bank. What can be NOR
palpabIy absurd than to talk of an institution
collecting and paying large sums of meme
~ GObich has no legal eriStGnce? A nothing-
es an utter nuItdy is to enter our courts-inst
ns tute and carry on suits in law and equit
d. against various citizens, and collect larg
'ss sums of money and pay it over in discharg
ed of bonds! Could any proposition be NOR
ridiculous! Why every man sees at ono
that the Union Bank debts can be collecte
only by maintaining the conslitutionaIity
en- the bank. Destroy the existance Of the ban
"a and who, or what, or in what way can thes
ted debts be collected? It is too plain for argt
md ment that TO destroy the legal existance
1ds the bank, is to forgive every one of its debto
lies his debt. Now, this is the very thing "
'al, want. We want the bank debtors and stoc
fell holders TO pay up, and have the money pa
all over. And for this reason we want to su
-, - tain the legal existence of the bank. II
to, charter of the bank, in all probability, W
never be used for any other purpose exec
for the collection of these debts, and for u
= reason it must be sustained. But these res
lutions say those debts are valid and Dug
to be collected, and say also, that it is utter
il impossible'to collect one of them, for tn
the say the charter is unconstitutional! Al
this arguments gravelyput sorthtO the pc
lsI. pie BY public meeting!
en-. No man can hold up his head boldly
.ge, society and say, that the borrowed mon
ion which was loaned out to our citizens oug
as not to be returned from the citizens and
b TC back to those who lent it. And yet we ht
L. THOSE DEBTORS boldly inthe field denying
cOnstitutiOnOIity cfthe bank, which they %