Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-03-20

.la,san,sl .uacoa auI Thomas J.f,rsoH feI yau
taa, there Is no power l i.e constitution q er'l.-
banks, ~ 70 gran, any other monopoly. Assuming
,acu .lsl dol the ground saat 90 State Has taersF
10 .z-uea bl of credit, aaI 'ait tie bills ot TIE
urH Bank are VI hat c4si, AID ihIt ih- Stale was
p1yfirsUs erln,aiiHas With tue stockholders ~ issuing
them. / ay d down as al unC1ntr0veItab.e poHl
u.li the Uu0n Bank was sstab shed in diTtc; viola
ton of 5he federal constitution, and is therefore no
-,r: and consequent. the .dau oiths cou'Ss.auers
wasa private coutJtcl between them and Mr. BID
die ana % them and he Banks be 10 look Tor pay
meat and not to the pope oi Msss'ppL ltseeHa
| 10 me that here the argument may with sa.eiy be
rested , as! So Gar as huaeSt men are coHccfhei-
| but a. shall doubtless be told that The money Tor
/ the onion Bank was borrowed IN virtue OF the St2fe
cun't 0ruuoD, o. ougltto be paid that although t"e
Banks aren viola ton olAe federal constitution has
nothing To DO with the present question. Now
deny that the loan was affected in pursuance of The
constitution and It Is to this particular point that
/ wish 10 draw the readers attention AthO in tie
9Th section OF the 1h article OF the Stale eonslitu-
| ton there IS KIND of negative power 10 borrow
money on the faith and credit the State given 10
! the legislature. Il perfectly plain aud susceptible
OF tie cearesJ demonstration, that 10 that article
! the power never was Intended to be gwen to the
/ legislature 10 borrow money and give to Inlivila-
D
| injury Of The whole community.
| lflhe trainers of the constitution intended that
money thus borrowed should be applied to he Bank
/ Hg system they Doubtless intended il for such
/ Banks would benefit the whole cOmmunty a
! Bank owned exclusively by the State, in which the
/ profits would 20 TO the whole community and not a
few. But DO not believe the lJamcrs of the cunsli-
tal.oa had Banks al all ~ their yiew-hey intended
, To enable the legislature to borrow money only n
case of great emergency, such for instance a. 10 i'm.
prove the State by Raj Roads, aud The Cleaning
ont Of our rivers, and the establishment Of Common
Schools. A "a once for all say that he who con-
tends for the right Of the legislature to borrow mo-
ney and lend il TO individuals To Bank on, contends
for an unknown power, and one that comes IN direct
contact wi the 2nd clause Of the bill oirlghtS and
one that gives a vital stab to the liberty OF the peo-
Die. had wrote thus far when your paper ol the
9th come to hand in which is contained the commu-
cation Of "Justice" in favour Of paying the State
bonds | have heretofore assumela cucous name
but as some remarks Of the author are evidently in
| tended for me, | Shall throw off the mask and
openly avow my proper name.
inhabt little prairie and provided no body in
lereres with my property shah be content, and
shall lst set still and one half of mankind live
by p.undeTng the balance, IL is the name of a
mdH-let all forest thieves and robbers, tax gathers
and cXclssmcn take warning from It, In that com
municaton after given what the author doubles,
thinks very luminous exposition Of what he deems
the honor Of the State &c. Sc, he concluds by ma
king his acknowledgement to those who have zone
before him. He says ut Is said that none bu
those who have nothing 10 pay are In favor Of pay
ing the bonds.
Now # Mr.. Justice intends this for what il said
in the first number Of Cvtius" he has done the
writer great injustice aud without quoting the word.
of "Curtius" he reGred back 10 him as it is pre-
sumei, that in his eager al to steer between sylyaz
&cmy1daS he has unfortunately run on the rock ant
| fear unless he calls TO his and our friend MAY
nard he will perish. would first remark 10 M
Justice that his expression oil having as muci
propetty as any Of the directors, is rather i'll ermet
because he knows not OF the objccors, aud as t,
the honesty by which he acquired It, lhal may b,
matter Of opinion as ii will be by Gen HARRISON,
removals. 1t Is said by the Generals friends tina
be intends 10 remove none who are homes; now tbt
term "honosi' according 10 It's modern accepla
ton, or at least as It Is understood IN Mississippi
IL one ri vague import. would say to III
tliend, that he might find some WHO would be dis
posed to cavel with him. But to come dnectl
to the point, for | want no States under the 81
rib. lfthose gentleman Nlessrs Justice & May
nsrd mean TINT the faith, honor, and credit Of tn
|
them On the abstract question, | 90 as far d
him who goes tarthest But Itby this great flour
ISL OF tumpets ard blowing OF rams horns 1t
meant to maintain the credit ofhe State by taN
: ing the people TO pay those bonds, then genteme
the back Of my hands to you. Ii is SAID that "
e have nothing to fear, or words to that amour
i that so far as relates to the Planters Bank all wi
t be well aud that the Union Bank has conslderab
e Offsets.
9 In to what abrynh Of nonsense does ma
= sometimes involve himself who PUSHES headon
INTO the support of cause AT which justice an
right shudders.. How easy 10 make bold an
round as ,erons, but alas, how difficult the proc
> II may be that those gentleman one, or both
d them are Stockholders in one oil those Banks, al
o # not IN some deiunct Bunk.
&c lfsc how natural the Argument. The assassin
re who lulks IA midnight darkness, aud kuocl
T. down the innocent victim, can say too with GOO
Ne grace, oh, fear nothing the worst is over, be sl
D. upnl rob you and salIao my greedy appett
y, Ii in the case OF the Planters Bank we have not
20 ing to fear, why do not those gentleman the
. reclafy come ont, and make a showing Of the
capab,hty to pay and relieve the public anxiety.
" | mean nothing offensive to Justice or Maynar
= am only illustrating the absuidry OF their pos
II tons have seen without any other emotlC
ol than that OF lneable contempt the means resout
n to by the friends OF taxation, to ull the Peep
asleep aud get them committed on this questlo
ks They first begin by a mlwkIsh devotion TO Sta
or pride. Then the danger Of involving our cou
b. try in war-then the moral honesty OF the matt
and the like, all OF which is intended TO blind Il
\. people TO the true question. But the Umon Bar
- has olsets-pray Mr.. Justice inform us IN VII
y those Offsets consist
'e | say that, that Bank has no Offsets to me
'e the bonds. but IS perfectly nsoIyenL II she h
at any, she is bound in good faith to redeem her OF
liz standing post notes. lttha Bank has any ava
I'd able funds why has she suspended specie pa
a ment why does she moi redeem, her Gahibt,es y,