Lexington union. (Lexington, Miss.) 1838-18??, 1841-02-20

This surely &MA s@st
hoidsrs &C bonds, md proves tnat cid
denoonrs .he ilIegdilty Of the saIe ~ Que
sesaon. al shss period the two flFss V,
s,alments only, had bssn psid hF ihe bank.
Ths Ise;slaturs tpdit n &sei1s6 Aeticn on
~ s,hsecs fartlleF It'll tslAting com.
m;,,ee % cxamins tiS Bank. Their re-
rort i heIicye, was agreed to by tho
| Houses. Surely, such . report cannot
have the force Of law and De obligatory
upon this this Legislature, or the people OF
I,his Statc.--The law books teach Us that
eyery act OF a public funciionery 10 merely
m exercise OF delegate powers, entrusted
70 him by the people for specific purposes,
and that the acts Of the Legislature are tho
acts OF The people, only while within tho
powers conferred upon them. Tbe people
havs not delegated 10 tho Senals and
House OF Representatives, the power
ranfying an illegal sale Of the Stale Bonds
and pledging their faith for The payment
or redemption Of any lOun or deM vAGt-
erer. They have wisely denied this
COVER 10 any one legislature. and have nat
entrusted il 10 any department Of the
Government. Neither the report referred
to nor the resolutions before me can pledge
their faith, nor bind them 10 pay the bonds
delivered 10 the Union Bank. hare YET
10 learn that the Justice, honor and dignity
of,he State requires OF public funclionary
10 advocate the payment Of bonds which
he conscientiously believed TO have been
sold in violation of the constitution he 10
sworn TO support, and the laws which he
lie required to see faithfully executed
The justice, honor and dignity Of tho
State demand Of him fearless exposure Of
fraud, strict observance Of the cons.i,u-
lion, and unceasing vigilance. He would
be recreant 10 his trust, IL no should coun.
tenance infraciions Of the constitutions and
volationsof the laws Of the land. Justice,
honor and dignity requires Of him to take
care that the msny be not impoverished
by onerous taxations to pay debts contract.
ed, (for the benefit Of the few,) 10 deroga.
ton Of their Supreme Will, as expressed in
their written constitution.
Ii is commended that foreigners cannot
be required to look behind the bonds Of tho
state, in order 10 ascertain whether our con.
stitution 4 laws have been regarded in dis.
posing of them; that the bonds being abso,
lnteiy obligatory on their face, the state
cannot set up ilIegality Of sale or fraud on
the part Of the first purchase. This may
be law in governments where all power 10
concentrated in the monarch, and constitu-
fionaI restraints arc unknown. far differ.
ent Is the rule in our Republican country.
where the people have retained their soye.
rneignty their 10 own hands, and acknowl.
edge ths supremacy alone Of their consi.
tuition q laws. The Union bk bonds were
not sold by the commissioners 10 foreigners
but 10 N. Biddle, President Of the Bank
o. the United States. That institution
must look alone TO the Mississippi Unon
Bank Tor payment. The bank, Ian in.
formed, has hypolhecated those bends, and
borrowed money upon them ,of The Baron
hoihchlIds. The blood Of Judas and Shy
lock flows in his veins, and he uni.es tho
qualities Of both bis coun.rymen. Ho
mas mortgages on the silver mines OF Mex.
ico and the quicksilver mines Of Spain.
re mas advanced money 10 the Sublime
Forse, and taken as security mortgage
upon the Holy City OF Jerusalem. and tho
sePulchre Of our saviour. II Is for tho
people to say whether he shall have
mortgage upon our cotton fields, and make
'eris OF our children.--Let the Baron e.
ac' ne pound Of flesh Of Mr.. Jaudon, and
ne Dank o. the United States, and let tho
'a''er institution Of our countryn exact
we same same cfthe Mississippi Onion
bank. The honor, justice, and dignity
q the people OF this state win not suffer
men, p 70 interfere in the bankers war.
NV y y argued thatthe Monarchs Of Eu.
roPe VAL demand payment at the canuon's
mouth, sor the benefit OF their subjects.
anu satisfy the claim by making reprisals
'nas our cotton will be seized on tho
ocean' and we will be forced TO pay the
unjust. 'kreemen never acknow ledge arr
guments addressed 10 their fears. their
m na.,, always has been, and i stsst- sxags
49, ~i ", millions for defence--not one
Un ne l4lh day Of January. 1910. 4
.en1 2 SPECIAL message 10 ,be ise;sIam,a
y relation % the Pian.erp, RanE hoSS.
- .nat message, | informed you ina, ~
PRESIDENT Of the Plantcrs' banL sdv;ssS -.
'nae the bank did no, deerc ;...IsI;"L1 . ny r
sn NM gha WI # The Planlers' Back bonds.
N I'M s Hau consequently made 40 DrOyis;on
\. ay'ng them. Al tho same lime.
'hs NJ: letter from The Presiden, Of
80, wv Maslss'ppi Rail Road Comnanv
n. a. 4 mat unless the Planters RAM
-, !. I'm 20 made in soma m.rna. 1870"
WIN be impossible = ..-",. asl''a.'0s