Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-12-23
General kntrIIf Jrntr.
THE MIsxIssTPPI BosDs.

with Hope & Co Of Ans,erdam In rotation tn
the pa, msni " The Mississippi Bonds, .oId w
The Urion Bank II Mississippi. TO IN. Upiied
sis,-. ns'k. and ~ hat in,u,u'icn To the uul-
land Banker. tn, Governor eop'endsskat ,he
sale IVES made in dreci violation ~ ne con.,i-
iu'i"n and Laws 'f,ha' State ssd that loo. ~
on- million eighty f,er ihou.snd seven bundred
and sighiy dollars ard ,hit,y cents vas aus
tained By selling The Eve miliion- bind. on o
credit. and chans;ts the brods fran dollar, cur
Ten, money of ,h- United s,s'-. 20 pound. si.r.
linT of CeA Britain. The fsiih - he saie
! The say') was pledged rr tho payment - thos.
bands only upon ne condition that they acre -oid
a, rot less than their par value HIS reasoning
~hich - -"ms Chat iausisle. - enn,nv-d tho,
Tho contract for ,hr sale a. The Sia,e
bonds shows thai Tie statutes OF The S,a,-
IN relation TO the bonds were made par,
OF the contract. Tn. purcSss-rs we're ~ell
aware Of the Conditions go which the,
we're issued. snd k,,v ih,t The purcha.r
was neither sanctioned by the Constitution
ard laws Of this State nor Of P-nnsNlva.
vania. The contract was guaranteed by
the Bank of The Uni,ed Slaies. The
whcl- al H.. purchase money was paid
nv That institution. The name OF Mr..
Diddie was merely used IN The coe'raci
~ a derice w get round that clause in The
| charter OF the Back II IN. unted States
which prohibits ter from dealing in S'a'-
s'ock'. The currency in which The bond,
were mace PAYABLE was changed from
dollars 10 pounds sterling. TO give false
coloring 10 the Transaction. AID make II
appear that the bonds were sid a. par
value The principle is universal tina,
fraud viIs'es all contracts. The CONNER.
cisl law OF TN. State relative 10 negoiia-
/ be paper il different from that Of most
other countries The transfer of bonds
aud notes does not prevent the drsser
from setting up any defence sgainsi an
innocent purchaser which could be made
available against the original psvee
| Tie STATE. therefore. denies all obliga-
ton to paw the bonds held in trust by
I you Tor The following reasons:
! H., The bonds were ,oiI on a credit.
I 81. The currency ia which the bond,
were made payable va, charged from
current money OF ,h- United States Va
I pounds sterling. at The rs'e OF four shil.
iinRs and ,ixpence 10 She dollar
Sd. The contract sale was fraudulent.
dlh The Bank Of the United STATE.
was not authorized 10 inske The purchase
5h. The bonds were sold A. les, IN Al
their PAR value, ia violation II The charter
Of The Bank.
The noney paid for those bond, did
not come into the Slate Treasury The
| officers Of this Government had no cor
lfo. over is disbursement. The bond.
were Opposed Of 10 August. 1888. by
collision and fraud. in violation OF the
constitution and laws Of this State. The
| Mississippi Union Bank and the Bank oil
the United States were parties to this un-
lawful tTaLssc;ion. You have :he en-.
dorse meni OF both these institutions. and
to them you mss, look tor payment
This STATE HSueT uiH psy fie FIRE million
Of dollars Of STATE bonds is,u,d ia Jsn,
1879. or any portion Of he ihfsrssf due o,
10 bseoVle due Mersos.
When ! ascertsined. in January, 1899
the terms on which the bonds had beer
sold, ] communicated the same, " mes
sage, In the Legislature. and denouncsc
,he sale as ilieg,l. At 'hs, time only t~s
millions Of dollars bad been PAID on thu
bonds by the Bank nj the UaTed Sisi~s
Nv / proclamation subsequently issued
the sale ot the second FIVE millions OF dol
lars oi STATE bonds delivered 20 the Ma.
.issippi Union Bank wa prevented
shsoIuielv refused ~ execute he last fv,
and q half mill'nns ot dollsts 0i s a..
bond. demanded by that institution 49,
These decisive measures pt~V~n'ed ~.
illegal Gi.p1sAl Vt ten And hall nIllion.
oi dollars 81 STATE ,onds. AMI Nil con
vince YOU that The 10, eminent oi thi
: istP never ha. cpnnienanc-d and csnno
be- made re.pnn.ibl- Tor ih~ ir.uduien
acts Of the Mi.spnpp Union Bans.'
TIE BOND QUESTION The vokshpu
5 npn'i 'bus e.i,cs' fhe 'e'eni decision " ihs
Stale 9Th regard Zee SIZE Bonds
The Prople al Ni..issippi have fepu
dated the illegal bond. nos held IN 10,
same 81 ihe STATE ~ b4od Ut sirsk ssD
tiers ~ Europe lrsudui~n'iv ob'sine.l
through The agency OF Nicholas Bsidl"
THIS - oolV The commencement afitha
mighty political MORAL AND SOCIAL rsro
isfioJ commenced iR iLIs Sts'~. 81,
= Inch Is drsHaed before msny s girs q,
sweep over Flouds Maryland Prnu.,l
vsnis. New York Michigan Indi.us. lili
nois. and Loui.isns. Tao years $50 Ia
Sepiembsr We announce6 The pf,acipis O
lfrpndis'ion. and noW The People ~
sosrteicn SAFE have decrird ihs que.
nuu. We hope that Fosipe ~ p19nis
oppfession--bonosing 90 ihe f.iih OF d.,
Si-i'--i. - ~ end "
10 This. h.id snd ssrsrscsd re- q, aoibiu,
snfasiue 81 saissihoE sboui % -- .Asi Iai
The fuiloeing feusfks ~ ihs NsE Yo'k Tf
bone ere jest IN ihsmssigss, ssd pfss,si
pfarsf sies n no sutiseii
The Blonde wrfe suihorissd bs ih,
Jeeisls'urs executed by Guy McNuti
in@goi,sied by che Cutnnipiooefs 81,
paid ior bv the pufchaseu There u ~
possible Tsssoo Tor Believing that an'
f,qya vs. Contemplated. The C1mWis
.ipnsf' svidendy goi ne nHerr.o, isf'b
t7g ihey could ior ihs Bonds. sid ib'
pufef aaefs psii more than thsV aeu