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

ming last, from iSunt'Pi ISL 'os'"""'
~ ia Rank OF The United States, and from
Eletcbor Wilson, Esq. Of the House Of
Tbomas Wilson, s. Go, Of London. Il
appears that no provision having been
made in New York for the payment Of in.
terest on the coupons, on fifty seven thou.
sand dollars Of Mississippi stock held 60
that city, the credit Of the Stale was'ex-
posed 10 injury
The in,eres, due was paid by the agent
q the Bank Of the United States / pre-
ume after the coupons were presented
The pseNdent Of the Bank OF the United
Ss~,ea aIledgss that the Bank over which
be prcaides, holds BONE considerable a.
mouth Of the State bonds Of Mississippi in
EUROPE. and thai would be very satisiac.
tory 10 Rnow that lli5,needlul measures
have been taken TO secure the punctual
payment Of nexi interest and requests me
70 instruct the proper department to III
form ham at an early period whether this
mas been done. The Mississippi stock,
on which the coupons for interest due on
tno hrst day OF January last, payable IN
New York, were no. paid a, maturity, bit
Paid subsequently by the Bank Of the Y.
States, are the bonds Of the State, sold
10 the year 1881, to pay for the subscriP.
non OF Tie State stock in the Planlers'
nank Of the State OF Mississippi. That
ipesEage was referred to selectcommit,ee
who made report in favor Of paying the
principal 4 interest on the Planters bank
bonds, and recommended immediate taxa.
aon for that purpose. The Legislature
adjourned without introducing any bill on
the subject, kagain submitted the CUES
lion to ,he wisdom Of The Legislature in
my annual message of this year, the ses-
aion is drawing to close, am not aware
that any bill is in progress, providing for
The payment Of the interes, advanced by
the Bank Of tho United States last year,
and the interest and inslallment failing
Nne this year. have been unable to as
<ertain upon what terms the Planters
Nenk bonds we're sold. never have in.
lofmed the Legislature tina, | did not con.
p'Qer the State bound to pay the interest
ptAhose bonds as they become due, and
We instalmen's as they mature.
b the House Of Representatives alone
nan revenue and appropriation bills origin.
"a. Being well assured that the honor
an4 dignity Of the State was always safe
~ ne hands of the representatives OF the
Re1ple | submitted the novel question to
ll7slf wisdom and justice. | feel anxious
.iSE this exciting question shall come
laifly before the people. The interest &
met OF the State demands its speedy set
llement. II the Senate and House OF
will, before they adjourn
pass bill providing TO raise by taxation
'nm sufflcient:o pay punc,ually interest
IN the seven millions of the State bonds,
he several instruments as they fall due, !
gill return 10 the people the high Office
lave received by their SURFACES. Cnder
ne constitution the President OF the Sen.
4 tsalsst Gsd succeed me. lie voted fr the
esolutions now return. He therefore is
,ledged to approve bill for raising by
axation sum sufficient TO pay the amount
demanded by the boad holders. That
gentleman was my companion at college.
know his sterling worth. Although we
nave differed in relation to the Union
Bank we remain friends, battling on oil
other question in the same ranks, and sus.
aiming the same principles. Firmly per.
suaded as l am, that the sale Of the Union
Bank bonds is void and no. binding on
the people Of this State, and that the pur
chase by the Bank Of the United States
was 10 fraud Of its charter, never can
sanction any bill providing either now or
hereafter for their redemption. The iniu-
~ inflicted by the passage OF bill a,this
session for that purpose, would not be r-
reparable IL the people would sustain
my views it will be in thier power to cleo,
representatives next November, pledged to
repeal the tax bill, refuse appropriations
10 pay the interest on the Union Bank
bonds to return TO the pockets of the peo
pie the money extracted from them.
II has been my fortune never 10 have re.
csived during any period Of my admins.
iration the cordial support Of the represent
tatiyes ofthe people. The sovereign PEG.
pie have always sustained me. Ihave an
abiding faith in their justice, and willingly
submit TO their censurc If they determine il
il deserved. A. q M'NUTT.
Executive Department
City Of Jackson, Feb. S.