Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1841-12-09
From tho Richmond Enquirer.
aoNe Editor Of Me Enquirer.
yArvsc~ fAA: NJ -

lie
"Sir-The election for STATE and Coun,v Om-
GERS, took place in this State on the first and se
cond Gays OF this month. The result is kno,r,
here' and all the counties have been heard from
except SIX. The anti-bond ticket has succeeded
by an average majority Of near three Thousand
votes. Tilghman NJ Tucker is elected GoSsrml
or-Wm. Mckendree Gwin, and Jacob Thomp.
son, Representatives in Congress-Auyus,ns Il
Saunders, Auditor Of Public ACKNOWLEDGEMENT
>. Graves, State Treasurer-and John d. Free.
man, Attorney General. These gentlemen are
all Democrats. We have probably lost onr
Secretary Of State by running two candidates.
(Woodwards and Williams.) The Leuislnturs
Will consist OF 81 or % anti-bondmen in the Sen.
ate; and from So to 60 Representatives in the
House. The Bondmen will have from 10 to N
Senators, and from SO to 40 Representatives. II
is quite certain, that the anti-bondmen will have
amaIorty OF two-thirds in each branch ofthe Lee
gislature. This result will astound MANY pcr.
sons abroad, who are Ignorant Of tho grounds ON
wnlch the state resists the payment Of the five
millions of dollars in State Bonds, delivered N
the Mississippi Union Bank, and negotiated bv
that Institution. send you a copy Of my letter
to Hope Co. and request you to publish the
same in the Enquirer. Our Senator, Robert j.
Walker, and our Representatives, Gwin and
taken. demand will probably be made on the
Government Of the United States, for the nav
ment OF the Bonds referred to. This will raise
an exciting and perplexing question. This State
has defined her position, and will maintain it be
,he consequences what they may. l firmly be-
leve, that four-ffths of the people OF this State
prefer going to war to paying the bonds.
"The Wing candidates for Governor, and men,
bers of the Legislature generally, pledged them
selves to oppose any bill intended to tax the peo.
pie, to pay either the principal and interest of
those Bonds. But for this, and national politics,
the State would have been almost unanimous in
opposing the payment of the Bonds.
"Ihe Mississippi Union Bank is hopelessly
insoivent, and has made an assignment of all her
effects to her President, (Elliot) Cashier, (Clop-
ton and Attorney (Scott) This was done for
the benefit Of all her creditors, and to save the
wreck Of her fortunes. She was sued in the Fed
eral Court for about 100000. Her circulation
Is near two million two thousand dollars. She
gives each assignee $4,000 per unnum in specie
or Its equivalent. With good management, her
circulation may eventually be paid. The whole
stock is sunk. Her paper is now selling at IS
cents to the dollar.
81 have been subscriber to your paper for
more than 20 years. am native of Virginia.
am not, and never have been a stockhoder or
debtor of the Mississippi Union Bank. l never
requested 1t to loan money to myself or friends.
AS Senator, voted against its charter, and al.
ways have opposed pledging the faith of the State
Tor banking purposes. At the risk of my life,
and political aspirations, prevented the sale OF
lOt millions Of Bonds authorized to be given by
Gwin to the Union Bank. 1t is true I signed
as Governor the charter of the Bank. did so
In obedience to the public will. i warned the
people Of the evil consequences of engaging the
State as security for reckless spectators. The
action OF this State, earnestly hope, will forever
destroy the ruinous system of borrowing money
abroad to be wasted in Banking and visionary
systems OF Internal Improvement.
"Two squares of the Town of Vicksburp were
destroyed by fire night before last.
Yours truly"
A. G. McNUTT.