Southern pioneer, and Carroll, Choctaw and Tallahatchie Counties advertiser. (Carrollton, Miss.) 1840-1842, 1841-06-12

are utopian, having no real existence and OF
no use in the common occurrences and tran
sactions of zeal in life. They are crying out
most lamentably to the people to support the
constitution OF their State by refusing to paw
either the principal or interest on the bonds
given by the State for money borrowed and
actually received on the credit and filth of
the Stale for the use of the Planters and I'm
ION Banks OF the State of Mississppi-urging
as sufficient reason for such refusal, that Isl:
The Union Bank was not created and estab-
ilshed in strict accordance with the require
ments and restrictions Of the constitution in
the following particulars: lst-They say that
the whole act was not published to the people.
but only portion Of it-2nd. That the char
ter was not passed by two consecutive Legis-
latures-3rd. That the supplemental or amen
datory bill, as some style it, was not acted up
on and passed by two different Legislatures
after the requisite publication-4th, That there
were many important portions Of the supple
mental act wholly different from the original
charter-5th, The loan of the money was not
effected in pursuance of tie charter, but upon
terms very different and therefore without au-
thorty-6th, That the Bonds are yet in the
hands of N. Bddle ia bank knave) or the U. S.
Bank of Pennsylvania, "a swinding machine)
and other like sage, legal, and moral reasons
for no two of them agree upon the grounds of
opposition to the payment of the Bonds of the
Union Bank: and as to the debt created for
the Planters Bank, no reason is assigned by
any one of these mighty men Of Gath, why
that debt should not be paid; but somehow or
other these political jugglers blend the two
cases together and hope to make the public
believe them bv the amount and quantity OF
abuse. slang, and rubbish thrown upon the
Union Bank and its incompetent Directory,
to smother the Planters Bank also.
We purpose. in a series of short numbers,
calmly and dispassionately. TO investigate, as
plainly and as fairly as we can, the various
reasons and grounds of objection TO the pay
ment Of the bonds, and TO show that H. ere is
nothing sound in them. That they want the
foundation Of Law, Equity and Reason to sup
port them; and we will demonstrate to every
intelligent mind, as we believe, that, in the
first place, we, the people Of Mississippi. are
legally, equitably and morally bound to pay
every dollar of the bonds remaining to be paid
after the assets of the bcnks are exhausted
upon them. But secondly, to show that the
discussion of this subject is premature, as no
one can know the extent of the ability of the
people, until the true amount of the banks can
be asceriained which can be made available to
the satisfaction of the bonds, and that some
time is requisite for the attainment of that OBJ
ject; and that it is unwise to afflict ourselves
with remotely anticipated evils; "for distance
lends enchantment to the view" How many
of the busy wranglers upon that subject of to-
day, will be alive when the time will arrive
for the payment OF the bonds? AL wise men
will say, Sufficient for the day is the evil
thereof" When we know the extent of our
liabilities, il will be time enough TO provide,
by the best way, the means to discharge the
debt improvidently brought upon us by unwise
legislation. And in the third place to show to
the thinking, rejecting public, that the whole
of this mighty uproar, is gotten up as another
of the political humbugs with which Mississip.
pi, for several years past, has been cursed, to
foist unworthy men into power-another open
shed under which the disconnected and disaf-
fected of all political parties may run and
range themselves in a political storm, and
thereby derange the right order of things-for
it is not the good and wise of either of the
great parties of the State, that have engaged
in the hue and cry against paying the bonds,
but pack Of small beagles, that have been on
ly permitted to open the trailin the wake OF
superior minds. They now think they have
been in leading strings long enough. that they