The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-09-01


in the city of New York.
II 10 designed TO have It 425 feet high; the
Bunker Fill monument is go. In the lower:
sections ofthe structure there are to be hans.
for library. galleries for Painting and rooms
for various collections of Revolutionary memo
rails. There is also to be grand Astronom-
cal Observatory. In the whole design It Is.
contemplated to be one Of the grandest monu-
mental edi6ces ever reared 10 the world. Inc
entire cost viii not it 10 thought exceed $4UU,-
GOO.
We copy from the American Eagle, spirited
Whig paper published at Memphis, corres-
posdent's account Of the debate, which took place
at Hcrna ndo, between Mr.. Clayton and Mr..
Brown, the Candidates for Governor of this
State.
We are highly eratifed at the decidedly ia"
yorable impression, which Mr.. Clayton makes
wherever he goes. The ability, with which ne
| has conducted this canvass, has won him distln>
guished honor, and whether successful or not
in the election, the zeal. which he has manifest
ed in his pow crful efforts to overthrow the doc
trine of Reputation. will not only recommend
him TO his party here, but create for him warm
interest in the heart of every advocate OF nation
| al Justice and honesty throughout the enlight-
ened world. But we have no fears for tie result
ofthis contest; the people have been thoroughly
awakened, they have opened their eyes to The
enormity of the doctrine with which they were
deludcd, they have witnessed their humiliation
and shame, the scornfal and contemPtuous cpl
| thets which have been hurled upon their State,
they feel the degraded position, which they oc-
cupy in the moral estimation of the world, and
they have determined to recover their lost name
and regain their former station in tue society
of honest men.
hesuhioined remarks, which We copy from
the N. Y. Tribune, upon that most ubiquitous
and disgraceful measure usually called "Br.s-
Goes bill'' present &C orrect view o(the measure.
One of the. objects of that bill, as was con-
fessed by MFR. Leake ofthis coun ty who supper
ted it, was 10 relesse the debtors of the banks.
fortunately after It passed the lower House it
was defeated in the Senate, and to Gen.
Speight's credit be was one ofthe few Loco
Focos who opposed them IN their vote on this
measure.
REPUTATION AND BANKRUPTCY.
The Albany Atlas, with the real instinct of
the rn-burDing school 10 which it belongs,
comes promptly to the aid of its Mississippi
brethren, in their attempt to cheat the credi-
tors of their insolvent Banks. In commmen-
ting on our expose of @Repudiation in Blossom,
the Atlas represents the controversy in the
Mississippi Legislature as one respecting "the
law depryng the insolvent Banks of their cor
porate powels.' Again. "The Tribune and
its associates appear 10 US never to feel The OBJ
legations Of political morality so strongly as
when corporations are assaied." This ia the
language either of gross ignorance or dslihe-
rate knavery. There was no question before
The LEGISLATURE involving the rights or inter-
ests of corporations. The Banks are dead
and both parties in the Legislature are in favor
of winding them up; the only question is, shall
they be so wound uD as 10 preserve the rights
of their creditors, the holders of their unpaid
notes, DC, or not! The Wings said yes, the
Regulators, no; tine latter insisted that the
bill should be so drawn as to strike dead at
once every obligation due to those Banks
The Wings were overpowered in the House,
but rallied in the Senate, were Joined by the
better portion of the Loco Focos and prevailed
and the House had to concur or deteat thu,
measure And here comes the Atlas, Justify.
ing an outrageous swindIe, after its very au.
thors have been shamed out it.
The Atlas be:ies the Bankrupt Law and its
advocates as its nature prompts. That Law
we know to be unpopular, but nothing can
shake our deep conviction that it was at once
humane and polite mercifuI and inst. 1t gave
to the Creditor all the. effects of the Debtor.
and the Debtor all opportunity to earn more for
his family. What would the Atlas have differ
ent from this? Must the unfortunate. penni.
less de btor remain helpless bondman for eyerq
Who is to be benefited! IF he had involved
himself by using funds entrusted to him. the
Bankrupt Law did not release him. f anv dis
honesty, any fraud, any concealment of pronpr.
y IS ever proved, then the Bankrupt's dis. |
charge is null and void. What more win
nothing satisfy the Atlas and its alhes, but the |
hearts blood OF the poor debtor ? the last crust
torn from his furnishing children!
But the Atlas asserts that debtors frandnIant
~ cancelled their debts, yet retained Their
property, under the Bankrupt Law. Pro.
baby some did SO; yet this could only be bv
means OF the grossest perjury. With this
they could have delrauded Their creditors with.
nut bankrupt Law, and been just as safe as
they now are, since detection In any fraud =, |
the exhibit OF their property will nom annnI
Lheir discharge. The assertion that the law was
framed and intended to favor such fraud Is one
which no honest man could make.
Nane-tenths of all the the debts of which The
egai obligation was annulled By the Bankrnnt
Law had been long due. and could not be col
ected. They were, to all intents, of no value
I otherwise, why were they not collected 1
me legal remedy on debt which the debtor
viii pay when he chooses, and cannst ha
MADE to pay before, is worthless; it may lust a.
ven oe annuled as not. We lost Gas the phrase
goes) great many debts by Bankruptcy-aIII
ne savings OF eight years. hard labor--and we
we're better off after than before this co,.s. We
nation. There can be no noorer h .n:"
,ay it. = s''ose VINO can !
And now what analogy is therc. betwear I
and Reputation In the ona
.ase the dehfnr nrnt,;r...- -. = =. euo Oue