Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1842-01-29

MIS- SlSSlPPl LEGISLATURE.
JAcYoN, Jan. 10th 1912.
In the Senate, the following resoutior

| was introduced ny Judge wall
Resolved, That the House Of Repre-
senta tives concuring, that the Joint Sc
leci Committee upon the Union Bank, be
instructed to report bill, placing the
Mississippi Union Bank in liquidation, to
secure its assets. for the purpose oil ex.
tinguishing, the liabilities of said Bank,
was put upon its fna passage.
Mr.. Matthews movG 10 amend the re-
solution by striking out the word instruct
ed, and insert, enquire into the expedien,
,cy.
TO which amendment Mr., Wall object
ed and said.
Mr.. President
nasmuch as | was the introducer of
this resolution, it may be expected, that
should say something in its defence. |
object to the anne ndment Of the Senator
from Kinds, because it IN effect destroys
The resolution, and ! consider the amend
ment, mere invasion Of direct vote
upon Gg question.
9Y--fesolutlon carries upon its face its
object, It is 10 compel the committee to
report bill, that each Senator may have
an opportunity to record his vote for or
against, enabling this institution to col
lect It's bills receivable.
1 feel assured Mr.. President, tina!
re- resent the will and wishes of my i'm.
mediate constituents; amongst them there
is but one oplnInion as far as | am in.
formed, both wing and democrat, bond
and ant>bond men.
Inc Senator upon my left, from Win
ston says, that he is not satisfied that the
Legislature have the power to place that
bank IN liquidation, or even the right to
do Sc. Has that Senator changed his
ground since he. recorded his votes upon
The Journals Of the House, in favor Of and
declaring that the legislature had the
right to repeal the charter OF all the banks
in the State.
II The Senator be correct, what right
or oy what authority does the committee
90 into the bank, examine the books, and
'a!l Tor persons and papers.
Inc Senator in my eye from Mar
NAL. appears not to be satisfied that it
S worth winding up. But ifthe Senator
VII cast his eye 10 the list Of names of |
he members OF this legislature, who owe
he bank, some of whom have not reduced .
he amount Of their notes one dollar since
hey borrowed the money, have no
oubt 1t would pnt That part Of his ar,
,ument at rest.
conceive Mr.. President, that our own
Indebtedness alone should operate or slim
late US TO take some speedy action TO en-
bic the bsnk 10 collect its DIES from US,
such oil US (sn)uld there be any who
re unwilling to pay without coersion-
he members Of the present Legislature
we the bank enough TO pay all the cost
lat would occur in obtaining judgments
'r The bank upon such debts as were only
oSOlluI, II JudiciousIy managed.
speak advlsedly upon the subject, Mr..
resident, when | say that out Of the four
louSand dollars loaned in the district
which reside, that there will not be
Aceeaing forty thousand lost 10 the bank,
The Legislature will enable the assign
IS 10 coerce such as are unwilling 10 pay
Ilhout, and in the county represent
whlch there was branch located.
lere Will not be one dollar lost.
Now Mr.. President if sum eouaI IN
he whole amount of the State Tax, which
as SO much complained Of by the peo-
e, can be collected from one Of the eigh;
lSlrlctS IN The State. Does not Justice /
me Dill holders demand at our hands G
interference on their part, Leave the i
stltutIon where it is, who are those that '
III be benefited ? The borrowers; those c
no got the money, and are now unwilIs
q 10 pay It, and they Of all men in the
aIe, should be the last, to be favored by
&c legislature, and deserve it least at our
lnds.
| was member Of the Legislature Mr..
resident, and voted for the charter of 4
al institution, which has turned out to ),
one oil the most important voes gwen r
me during my service, though at the h
me It was given by the purest motives. q,
lel am proud to say, that | opposed Il
9 leading measures OF the Bank, one of =
men greatly contributed, 10 produce !,
c present state affairs, mean tho is h
c Of post notes. y
with the minority, in the Legislature
corded my vote against that measure. =
ID | will be one oil the last men. tina,
II consent to screen the borrowers of 4
Al Issue, from the payment of their lust Y
BITS, to the injury OF the honest bill hol- tr
RS, many OF whom have received il Sc
par, IN the payment Of money due them. Al
conceive that the tide Of Indignation So
Ilch has flowed against the bank, should co
We divided its current, so as 10 leave sa
ne Of the marks of its surf upon the IL,
'menls of those who have decorated HI
mSeIves upon the bills issued by thai 90
TX, and are now living in seine Of the dix
Louses in the State, surrounded with or,
MY, and have not paid one dollar of ch
lr original loan. II such men escape rit
hout being hogged, it shall not be for
AZ oil eXertIon upon my part -
should NV RncOIulion I,iI n.