Southern pioneer, and Carroll, Choctaw and Tallahatchie Counties advertiser. (Carrollton, Miss.) 1840-1842, 1841-06-12
words: ONO law shall ever be passed to raise

"oIus' NO IA" shaii ever De passed to raise
loan of money upon the credit of the State,
or to pledge.the faith of the State for the pay
ment or redemption of any loan or debt, un-
less such law be proposed in the Senate or
House of Representatives, and be agreed to
by majority of the members of each House,
and entered on their journals, with the yeas
and nays taken thereon, and be referred TO the
next ensuing legislature, and published for
three months previous to the next regular
election, in three newspapers of this State
and unless majority of each branch of the
legislature SO elected, after such publication,
shall agree to and pass such law, and in such
case, the yeas AID nays shall be taken and en-
tered on the journals of each house-ProvifeJ,
that nothing in this section shall be so constru-
ed as to prevent the legislature from negotia-
ting future loan of one and half millions
of dollars, and vestng the same in stock re-
served to the State by the charter of the Plan
ter's Bank of the State of Mississippi"
The Planters Bank is especially provided
for by this section of the Constitution-and
nothing more at present should be said about
it.
The charter Of the Union Bank was regu-
larry introduced into the Legislature, and was
passed by a majority of the members of both
branches of the same, by ayes and noes. and
they with the bill, were spread upon the jour-
nails of each House. This charter was passed
by the Legislature in strict pursuance of the
Constitution, when Governor McNutt was
President of the Senate, and received the APP
proval of Governor Lynch, as far as the same
could then be given, on the 2lst January, 1887
The whole act incorpor ating the subscribers to
the Union Bank of Mississippi, word for words
letter for letter, was published in every ne VS.
paper of any note or circulation in the State,
and the merits and dement's of the whole sub
iect generally and in detail, were discussed by
all the people, once and again, for several
months before the November election of 1887.
No subject ever received so much attention
and universal appreciation in this State, and
was so well understood as did and has the
charter of the Union Bank. and the policy of
establishing such an institution. 1t was look
ed upon by an overwhelming majnrify of the
Legislature as subject of such popularity as
to warrant them in sending the charter in pam.
phlet form. at heavy expense, to every one
Of. their influential constituents. All read it,,
some understood it, and most all the people in
Mississippi were decidedly in favor of it. AT
the November election in 1887, but very few
of the cand dates were opposed to the details
much less the principles and policy of the mea-
sures; and those that were opposed to it upon
any ground, were so extremely modest, as to
say, Gas ALL the people wanted it, they would
feel themselves bound to support it, if cleo
ted"
The members elected at this election came
fresh from the people better informed as TO
their will and desire in relation to the Union
Bank, than upon any other subject ever before
that time investigated in the State. and took
their seats in the regular session of the Legis-
lature the lst Monday of January, 1888. A.
G. McNutt was now the Governor elect
The act of the preceding Legislature incorpo-
rating the subscribers to the Mississippi Union
Bank in accordance with the requirements of
the constitution, was again read-the whole
Al sections ae' 6atim ct hteraiim ct punctxatsna'
as passed and approved at the previous session
and published to the people, referred to the
Legislature of 1888. and which act, without
addition, interlineation or erasure, was passed
by very large majority of both branches Of
the Legislature by ayes and nays, and all again
placed upon the journals. was signed by A
L. Bingaman, President of the Senate. and
John w. King, Speaker of the House of Rep
resentatives. and approved by Governor Nc
Mutt the 5th February, 1888. This all being
done, the TACT Incorporating the subscribers
to the Mississippi Union Bank" was the law
of the State-for every thing thus far wa: