Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1843-09-30

bound 10 pay for them, and " ! did not
do 40, that ! had laciily recognized his
authority and ough, 10 pay for lhomf
Mr.. Clayton then exposed tho ptiiul
sophIsm so often repeated by ropudIa,ing
domngoguos, "le, them pay who got tho
money" Ilo asked who got the money
from tho foreign bond holdorsf Did not
tho state get ~ Was 1t not received by
agents appointed by hor authority, and
placed by her direction in tho Golfers Of
the Union BSnkG AS for the debtors TO
tho Union bank he was for making them
pay up to the last cent. lie asked, how
this question had affected our standing
aud credit abroadf We're not gentle
men NOR tilted at the remarks every
where made in relation to our s,atef
Were they so dead TO every feeling Of
selfrespect and state pride, as not TO feel
deeply chagrined that her very name had
become by.word throughout The Unioni
1t was tauntingy said that no man but a
fool would arrest Graves, for the prom
ised reward, because its payment would
be repudiated.
After reading from Washiugton's fare
well address, in which no exhorts to a
strict observance Of good faith with all
nations, and from the Democratic Re-
Wow in relation TO our State bonds, and
the dishonesty sof reputation, he procee-
ded to point out some of the means Of
payment. lie said the Union Bank was
possessed of large amount of assets,
which should be collected as speedily as
possible with due regard to the securi.
ty Of the debts, and applied TO the pay
ment Of the bonds. That this should have
been done long since, and unless it was
soon done, the debtors would be released,
il not by such means as "Briscoe's Bill"
by the statute Of limitations. He said
his competitor, Gen. Brown, might say
he was in favor of placing the bank in
liquidation with a view to have the pro.
ceeds applied to the payment of the bonds;
ne first argues that these bonds have
been unconstitu,ionally issued, and that
The state ought not to pay them, aud
then says he is in favor Of the bank be-
ing wound up and the effects applied TO
the payment Of them! Ii the state is
bound 10 pay part Of these bonds, she is
bound to pay the whole of them. But if
the state is not interested in this bank
and is not bound to pay these bonds, what
right has she to take the effects of the
bank 10 pay theml They would then
be the property o; the private stockhol-
derS. The state ought 10 receive her
portI on of the distribution of the proceeds
oil the public lands, and by proper econo-
any In the administration OF the govern
men', a reduction ofthe number ofofficers,
and of salaries-holding biennial ses-
Slons Of the legislature as the trainers of
The constitution intended, fund might
be easily created for the payment Of the
bonds. That the five hundred thousand
acres of land given by Congress to the
state might properly be used for the same
purpose. He repeated that he did not
consider it important that he should dis
cuss national questions, but as one Of his
opponents had pressed these questions
into the canvass, he had no hesitation in
expressing his opinions. 81 believe in a
tariff for revenue, and for revenue only.
| am not opposed TO the incidental pro-
lection afforded TO domestic industry by a
revenue tariff. On the contrary, lam
we'll pleased with such protection as eye-
r y revenue tariff must incidentally Afford
| believe that Congress has no constitu-
tlonai power TO pass law for the pro-
lection Of domestic industry without re-
gard TO revenue. That no more revenue
should be collected than was necessary
to support an economical administration
Of the government As TO the tariff law
of the last session of Congress, it might
contain some Objectionable features, but
it was considered tariff for revenue by
members of both parties, and Buchanan,
Wright and others Of the democratic par
ty voted for it, He read from Mr.. CAL
houn's letter to the Louisiana committee
and from Mr.. Clay'S speech in the Senate
to show that they were both in fdror Of
incidental protection.
Gen. A. G. Brown, the repudiating
candidate then took the stand, and entered
into lengthy explanation ofthe manner
in which he became candidate; that he
addressed the July convention, and said
then that he would not be dragooned into
a discussion OF the bond question-that
he was anxious to avoid the bond ques-
ton (which no one doubtcd) and that il
no opponent but Clayton had been in the
field, he would not have discussed the
bond question. (Meaning thereby, Ipre-
sumo, that as COL Williams, true dem
ocrat was in the field, he must fall back
on reputation for support.) He then
pretended 10 give history Of the July
four dollars day convention, and sue
ceeded most admirably in perver:ing the
ruth. He said. alha hrsi move was