Lexington union. (Lexington, Miss.) 1838-18??, 1841-08-14

Journal OF the House, (lS3S) page ll6
and III. MIR. Phillips from the Joint se-
lect committee to whom was referred the
Bill to charter the Mississippi u. Bank,
submitted the following report, TO wit:
Mr.. Speaker-The JOINT select COM
mittee, TO whom was referred the conside-
ration OF the bill to charter the Mlssissp-
|pi Union Bank and also, resolution in
siructing the Committee to examine
whether the said bill can be amended, &
il so, tchether 1t be practicable to change ii
into a State Bank ercIusipelB and report
the same to this House, have had the same
under consideration, and have instructed
me to make the following report:
"That the said Committee are Of the
opinion, that it is within The province OF
the Legislature TO amend or change the
details of the said Mississippi U. Bank
charter. BUT as that portion of the said
charter, which relates to the subscribers
or stockholders TO the said institution, be.
ing the primary condition on which the
faith of the State is TO be pledged, aud as
such constitutes VITAL part of it, we
have no power to change the same, unless
IT should be again Submitted to the people
for their sanction, DC.
This report was received and agreed
to by the House. This was on the 10th
Of January; yet on the Sth Of February
following, these very same gentlemen
passed the supplemental act, changing
the "ritat part" the original bill, indeed
changing the subscribers entirely from
responsible TO irresponsible and placing
the whole burden upon the people, with~
out their consent, or even asking their
consent.
Bird. Again the latter part of the first
section OF the supplemental act, appropri-
ates the proceeds of the Bank Stock to
purposes of internal improvement in vro.
lation Of the sth Sec, Art. 7jh, which
says that no money shall be drawn from
the Treasury, for purposes Of internal I'M
provements unless majority oftwo thirds
of both Houses shall agree to it. Much
more might oe urged against '9e payment
o 'nese oonos, "hlch the ha'pFe oil The
present communication pfecluaes.
4 must De permitted TO T'sPass YET
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80 lar as = s' co'ce''So' ueI'1e 'ne queS'
''oh WV, "e"ce'o''n anu 'ofe'er o1y
repuo'a'l''s Tue oct crF"''"S 'hG o0nnS'
SOLO on account OF 'he Cn'on nahT' Du,
shou'o me people decloe o'Aerenuy' ana
assume 'ne ueo', earnestly cooJuIe mem
10 can announcer convention at '"e OI'y OF
Jackson ana then procure every copy OF
the Constitution, ana make 4 bonfire, 1UG |