Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-02
From the Richmond Enquirer.
To ths Editor Of the Enquirer.
Jackson, (Niiss.) Nov. 10th, Il

JAcKsos, (Miss.) Nov. 10th, 1871.
"Sir: The election for State and County OF
GERS took place in this State the first and second
days Of this month. The result is known here, and
oil the counties have been hoard from except six.
Tho anti bond ticket has succeeded by an average
majority of near three Thousand votes TIghman
NJ. Tucker is elected Governor VIM. Mckendree
Gwin. and Jacob Thompson, Representatives in
Congress; Augustus b. Saunders, Auditor OF Pub
lie Accounts; Richard s. Graves, State Treasurer;
and John ID. Freeman, Attorney General. These
gentlemen are all Democrats. We have probably
lost our Secretary ofState by running two candi-
dates (wOodwards and williams.l The Legisla-
ture will consist of 81 or % anti bondmen IN the
Senate: and from s. to 60 Representatives in the
House. The Bondmen will have from 10 TO I
Senators and from Sc TO 40 Representatives. 1t is
quite certain, that the anti oondmen will have a
majority oil two thirds in each branch of the Legs-
latuce. This result will astounu many persons
abroad, who are ignorant OF the grounds on which
the State ressts the payment of the hive millions OF
dollars in State Bonds delivered TO the Mississippi
Union Bank, aud negotiated by that Institution.
send you q copy OF M letter to Hope & Co, and
request you to publish The same IN the Enquirer.
Our Senator. Robert J. Walker, and our Repre-
scntatives, u Sin and Thompson, sustain me in the
positions have taken. demand will probably
be made on the Government OF the UnIted States,
for the payment Of the Bonds referred TO. This
will raise an exciting and peTpexing question.
This State has defined her position, and will main.
tain il; be the consequences what they may. |
firmly believe that four-fifths Of the people Of this
State prefer going To war 10 paying the bonds.
'tThe Whis candidates for Governor, and men,
bers of the legislature generally, pledged themselves
to oppose ary bill intended "a tax the people, TO
paw eher the principal and interest Of those Bonds.
But for this and national polIUcs, the State would
have been almost uudnimous IN opposing the pay
menI Of The Bonds.
"The Mississippi Union Bank is hope!essy i1sol
vent, and has made assignment Of all her effects
TO her President, (E llot,) Cashier, (CoptOn,) and
Attorney (SeotL) This done tor the benefit
of all her credltors and to save the wreck of her
fortunes. She was sued in the Federal Court for
about $500 900. Her circulation is near two mil
lion two thousand dollars. She gives each assignee
$4,000 per annum in specie or It's equivalent With
good management, her circulation may eventually
be paid. The whole stock is sunk. Her paper is
now selling at IS cents 10 ;he dollar.
al have been a subscriber 10 your paper for more
han 90 years. | am native OF Virginia. am
not and never have been stakeholder debtor OF
the mississippi Union Bank | never requested il !
10 loan money to myself or friends. As Senator |
voted against its charter, and always have oppos.
ed hedging the faith OF the State for banking pur-
poses At the risk of my life, and political aspra
lions prevented the safe OF leg millions Of Bonds
authorized to be given 10y G%ln 10 the Onion Banks.
IL is true signed as Governor the charter OF the
Bank | did so in obedience to the public will. | !
warned the people OF the evil cons, quences of en-.
agng the State MS security for reckless spectators
Tine &C ion Of this State, earnestly hope, will for
ever destroy the Tuinous system OF borrowing mo !
ne, abroad to be wasted III Banking and visionary
svs,,ms Of Thermal improvement.
"Two squares ofthe Town Of VicksJurs were
DESTROYED 6y ire night before last.
Yours truly"
A. q. McNUTr.