Lexington union. (Lexington, Miss.) 1838-18??, 1841-03-06


The LIABILITY OF THE STATE TO
PAY THE Bonds SOLD on ACCOUNT OF
THE MISSISSIPPI Union BANK Since
the agitation of this momentous and vital
question o! State policy, which evidently
porlenda u political contes; Of fierce and
profoundly exciting nature; and which OF
a truth may be regarded rs big with the
future destiny of the State, we have be-
slowed upon it, such investigation as our
humble abilities, and the limited means
we have been able to command, would
permit--we have with some care exam
ined the positions and arguments oil those
who have declared on either side OF the
question, and have weighed them Impair
italy in the scale Of truth and justice, as
understood ard recognized by US. This
Investigation, ia which we have known,
neither the empire Of the passions, nor
any undue bios Of Judgment, and which
has been directed and characterized by a
sheer desire TO discover truth, has ire.
ais,ably brought US to The conclusion that
Ghe State Of Mississippi is neither legally,
morally, nor honorably bound TO pay the
debt created By the sale Of the bonds,
proposing to be the bonds Of the state,
which wero sold on account of the Nilssis-
sppi Union Bank; but that On the contra
ry. it would be Illegal, immoral, and dis.
homes, to impose a tax on the people Of
the state of Mississippi to liqnidate said
debt, or any other, contracted in like man
ner, and consequently we do not reccg-
nize in the Legislature, the right, to levy,
and cause to be collected, a tax for such
purpose. The people of Mississippi, will
never become SO dead to their own rights,
their honor,and their high chivalrous char
acter, as to submit with pusillanimous
tameness to the payment of tax saddied
upon their industry for the unholy purpose
Of discharging debt contracted in VIC
lation Of their fundamental law, and ir
fraud Of their dearest rights; even though
their representatives should wax SO caitif
as to be goaded into an abuse Of their higt
trust, by the tropns and SCOTS Of the supl;
aud plant minions Of foreign dealers il
stocks, and the still meaner tools Of the
latter; and in derogation Of all right ant
justice levy such tan
We are aware, that in assuming the
position We have here laid down, we
attach ourselves to the nucleus of The
future, great ant-bond-paying party, upon
which has been heaped, without stint, The
most bitter denunciations, and acrimonious
inyeclives; but around which, will ere
long be found the great mass Of the people
OF Mississippi. Never did the advocates
OF any measure increase more rapidly in
number, than do the advocates Of the anti
bond-paying policy. In every section Of
the state, the people are beginning to be-
stow upon the subject, the attentive and
impassionaie consideration merileG by its
great importance, which gives earnest o
proper action thereon.
The great Jupiter Ammon Of that party
who pirate SO much Of dignity and honor
aud practice 50 little Of either, stated ia
his eloquent harangua before tho grea
meeting Of lis worshipars, with a naughty
sneer Of contempt, that upon the banner o
those who refused TO pay the bonds under
consideration, ought 10 be inscribed the
word "cil'any." We envy not this grea'
oracle Of his party, all the glory g. honor
he may acquira by thus yiliiying those
whose worst crime is differing with aim
on this great subject of State policy; aud
If present indications may be regarded az