Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-03-17

| I'M DzmocaATlc sxNAron HRoM AoWEDEs'
What do The democrats d Lowndes think
Of their Senator. who isdisposed sogive a
ofthe debtors.of the UnionI Bank of Missis-
sppi, into the hands OF Nicholas Biddle, a man
who, according to the say SO of Mr. Tucker
andhis party has about a. much bowels o.
compassion, as Belzebub himself.
For years hastbe party Of Mr. Tuekeh and
Mr. Tucker along with il, been crying wolf
wolff Who is this wolf against whom Mr..
Tucker and his party have been 50 anxious to
warn the sheep! viz i: the people. Mr.. Biddle
and his Bank is the wolff Through fear Of
has the party been kept alive. Without this
old war cry they would long since have been
left without acofporals guard; foriti thus that
they drew off the attention ofthe people from
the rnisrule aud corruptions ofthe Government.
Nothing has been SO horrible to the Senator,
and his party as being placed under the power Of
MIR. Biddle and his bank, and yet what was
the conduct of tho Senator, during the past
session ofthe Legislature. He offered string
Of resolutions from one Of which we make the
following extract.
therefore, The State Of Mississippi, first
declaiming all right or title, or demand in or to
any of the effect or property, real or personal,
either IN possession or in action Of said Missis-
sippi Union Bank, for the purpose that justice
may be done IN the premises-for the consid-
Grafton hereinafter mentioned, dees-release,
assign and forever quit claim unto Nicholas
Biddlf. Esquire. of the City Of Philadelphia,
his heirs, executors, or Administrators as
signs all and singular, the right, title, interest,
claim and demand which the state may be
claimed now to have, or hereafter may have,
in and to any and of the effects, debts, or prop
erty, real or personal either in possession, &C
ton or expectancy, ofwhatsoever kind, the
same may be in, or any otherwise connected
with, the sad Mississippi Union Rank, toqeth-
er with the several appurtenances thereunto
belonging or justly appertaining unto the said
Nicholas BiddIe, his heirs. executors, or adj
illustrators or assigns, for his or their own
proper hehoof on This express condition, that
the said Nicholas Biddle, his heir. executors,
or administrators, or assIgns, shall deliver up
to the Governor of this State, to be cancelled,
the said first FIVE millions of bonds executed
by The Governor ofthis State and sold to said
Nicholas Biddle as aforesaid, and upon this fur
ther express condition, that The said Nicholas
Blddlc, his heirs, executors, or administrators,
or assigns, shall not in anywise or in. any form,
or manner, either directly or indirectly, exer-
else the business of banking in this State by
issuing notes or paper money to be circulated
as currency in this State.''
Now let US sumup, and see the light in which
modern democracy presents ITSELF The Le-
gislature of Mississippi meets, and, for the
relief Of an embarrassed people, determine to
establish Bank with capital of fifteen mil
lions. 1t is also determined that the State
shall hold five millions of the stock, and that its
bonds to that amount shall be sold, and The
proceeds applied to paying for that stock. Ten
millions of State bonds are 10 be sold, and the
proceeds loaned to the Bank. Other condi-
tons not affecting our purpose, either for or
against, were contained in the charter. The
bank commenced business, and loaned largely
% the citizens of Mississippi. Time roledon,
he Bank became embarrassed, eventually
stopped payment, and, now, has to be wound
Up. 1t is at this time, that this disciple of
modern democracy, this friend Of the .sdear
people" comes forward and proposes-what,
lie proposes, that claims against the citizens
IT the State to more than S3,OOO,OO0, which
ire, now, under the control of the State, shall
De placed in the hands of "Nicholas Biddle.
Esquire, of the city of Philadelphia, his heirs
executors, or administrators, or assigns" that
&c, the said "Nicholas Biddie, Esquire, of the
,ity of Philadelphia" may exercise to the said
'itizens of Mississippi, that clemency, justice,
mercy, forbeardnce patience and long, safer
ng; honesty, kindness, beneuolsnce and tender
ledrted compassion for which, ACCORDING TO
KS SENATOR AND HIS PARTY, he has been
Ong remarkable. The State is to relinquish
u claim; pay nothing and take nothing; thus
Iuietly slipping its own head out of the halter
nd leaving the debtors to the Bank, whom it
las, through its own misconduct, drawn into
he same moose with ITSELF to break that hal
er, or hang and be ---- to them.--
This position of Mr.. Tucker is not only GRIM
nal towards the people, bat is, in ITSELF too
idlculous to be contemplated with patience.
{ the State does not owe Mr.. Biddle, then
hould the State not pay Mr.. Bied'e; if the
State does owe Mr.. Biddle. then should the
State pay Mr.. Biddle, and pay Mr.. Biddle in
money; and not discharge its monied obliga-
ions to him, by turning over 10 his tender mer-
les, according to Mr.. fuckers opinion of
irn,) the peaceable and unofending citizens of
Mississippi.
The citizens Of Mississippi must be truly
'reatiul to Mr.. Tucker, for the great solicitude
which be feels for their welfare.
"CURTrus- "-'I contend that the Legisla-
ure has no right to create Bank of any de-
cnption; because in the federal constitution
etters of credit are expressly prohibited