Holly Springs gazette., 1841-09-30
so was it the fault or misconduct lender tha

occasoned it.
The bonds were created aud the public faith pledged
their redemption upon policy of and which at the
time adoption, received almost universal appreciation
The money received by cizens-managed and
disposed by agents chosen by Legislature om
ourselves lent and wasted the fault of ourselves
lender He should be made to suffer the penalty OF
an III advised policy. mistaken confidence in individuals
upon part such be the fact He parted with his money
those whose pacity the had guaranteed
in an adventure In which the state participated
To refuse recognise the states liability upon these
bondsto declare their sale invalid when have stood by
in silence and the purchaser of the bonds part with ai
Ions his money upon the faith OF contract and that too
at solicitation would the opinion of your commit
amount posstlre dishonesty 1t would IN the opinion
of YOUR committee stigma upon the sovereignty and fair
fame of Mississippi and justly make her by-word
and reproach among all her sister states.
Whether the purchase othese bonds made by MIR Bid
de for himself of the United States Bank
your committee do know Il be that the purchase
made for the Bank the United States and that by the
provision of her charter she could make the purchase and
enforce in the of law the State of Mississippi not
the less bound good faith pay the bonds The claim
made through courts OF law made to the honor and
public faith of the State. To make the claim binding
honor and public ath is enough know that received
ure had the subject before them 1S39 approved them
and dapprove and refuse pay and carry the
contract, would be nothing short of skiuL pundering.
The purchaser of the bonds did tempt to borrow
money The State of Mississippi wanted money She
agents to him get We received it, and urged
that having squandered and wasted upon policy
should ourselves upon technicay, and refuse
payment.
1t is the money aid in the establishment of
bank But who created that bank2 The people of Mssiss
ippi through their representatives Who the sockhol
ders in that bank2 The State of Mississippi and her citizens
Who managed the affairs that bank The chosen
of the people of Mississippi.
Your committee report that in their opinion, there
the slightest refuse the states bonds
issued account OF the Planters bank and that the
set up as sucent cause or refusing TO pay those issued and
sold of the Mississippi Union Bank has been
ved it ever existed by the action of Legislature Your
committee believe refusal pay either class of bonds would
honor
Your committee regret that his ExceIency should have
fered to the Immediately leading revolutionary
Struggle TO sustain his positonand justification
slstence the collection such the Legislature might
see I'll to levy for the purpose of paying the bonds part
of the early history country that the
t01, called because of the ITSELF but be-
the laid without representation pay
contracted without the of by their
resentaves Your committee feel confident that the descen
dans of people who resisted arbitrary attempted
beanposed hem without their participation the repre-
creating debt imposing the tax will submit
with cheerfunes such be necessary
the faith ofthe nvoae which has been pledged
aid them, by their immediate representatives In the
opinion your commee the people of the of Misss
sspp minded honorable and honest and would feel
indignant any action of their representatives that would
the least arnsh the honor and public faith ofhe
commiee believe that II the people OF the state
sembled this Hail. and this question submitted them
they would exciam with united voice:
"The faith ofthe state like her sovereignty is sacred-t
mast be preservedP'
Your committee beg leave therefore, to report TO the House
the following resolutions and recommend their adoption
Reolred That the of Mississippi bound to the hold
of the bonds the of Mississippi issued and sold
OF the Planters and Mississippi Union banks the
full amount of the principal and interest due thereon
Reotced That the state of Mississippi cH pay her bonds
and preserve her faith inviolae
ReoLred That the nsnuaon that the Of Mississippi
would repudate her bonds and violate her pghed faith
caumny upon the justice honor and dignity OF the state
J. S. YERGER,
Chairman the Select Committee
[The references In the above document are omttedl
AS dissatisfaction endeavored be gotten up
the Wings with regard the nomination of the present can
ddates for the Legislature order the matter fairly be-
tore the public proceed give expose the entire pro
ceeding
There being but candidates before the public for the
Legislature the part of the Wings the ticket incom
pee one ofhose suggested the propry of having
on of the peore select such they proper and
requested that the people be invited hold one .oereupon
notice was sent out inviting the Wings of Marshall to
bic zen masse at HOLLY SPRINGS the lth inst for the
purpose of selecting such candidates as to them miph be
cepabe
AT the meeting, WIN. DAVIS was unanimously cho
candidate for the Senate (which nomination he subse
quenty declined owing the situation of his private affairs
A Soluf,op tbo,