Holly Springs gazette., 1843-09-15

The following from the Statesman, will
show the course of the repudiators upon
the subject Of putting the bank in liquida-
Gon. The strenuous opposition they have
ever manifested to this equitable measure
shows that they are resolved to destroy eve
~ other means of payment, but that oftax-
Ing the people. They think tina. if they
can make the issue between reputation and
taxation, that that will carry out their wicked
scheme They will also succeed in rcleas-
ing all the debtors to the Union bank, and
thus accomplish another oftheir designs
The assets of the Bank were estimated at
100000 in 1889. but by neglecting to
have them collected, perhaps large a.
mount has been lost Whatever balance is
yet good, should go to the payment of the
bonds If no weyer, the repudiators can
succeed in preventing their collection for
year or SO longer, they will be barred by
the statute Of limitations Can the people
stand by and permit such a swindling
scheme TO be perpetrated under their very
eyesl Will they longer be blinded by
party. to the interested efforts of bank bor-
Eowng regulators. TO make speculation
of of the Union Bank, and throw the bur
den upon the public2 We hope not, but
time alone will show.
REPUDIATORS IN FAVOR OF
BANKERS AND AGAINST THE
PEOPLE.
Whatever may be said against the liabili-
~ Of the State 10 pay the Union Bank
bonds, no man who Is not dead to every
sense Of right, can deny that the bond hold
ers are entitled, at least, to The assets OF the
Union Bank
1.-THE bonds were created and sold under
law utterly invalid, still the money was
procured in the name of the State was
brought iere by her own citizens, appropTia
ted 70 enrich them, and by that means enrich
cd The State itself. These facts alone, bound
the State, by every principle OF international
ana municipal Iaw-by the common dictates
Of justice and good morals, to see that the
money thus improperly obtained, by her
own citizens IN her name, was returned to
the lenders, with as little delay as possible
MS was so obvious, that the repudlators dar-
ca not deny It before the people, but pledg-
el themselves in the canvass oflS4l to put
me bank in liquidation, and turn Its assets
ever TO the bond-holders. But what did
1nese FepudiaIors Of all pledges. public con-
tracts, and good faith do after the people had
ih'lnsted them with their government and
'neir character2 Their first act, after re-
sowing that the State was not liable to
pay the debt, was to attempt TO re-
'ease the stockholders Of the Union Bank,
n% only from their liability to the bond
holders, but from their liability on the mort
gases given by them to the State. to secure
Ta net from loss, and the people from taxation.
ne motives which actuated our people-lov
repudIators to this act OF injustice upon
"e people, can be easily OWNED.
oome OF the repudiators in the legislature
eie stockholders in the bank, and knew
tneir friends in the legislature did not re-
use them, that their mortgaged property
y vas liable, both to the bond holders and the
SOa'e Those who were not ock-holcers,
having a sympathetic feeling for bankers.
sO'eu 70 release them from liza bilIty. at the
pense oil the State.-[See Journals IL II.
ioi<s pages 1920 and 1865.
Among the repudiators who voted to re-
DS6e 1SG me bank directors was ROBERTfW
5oDEhIS. 5s the present repudiaiing candi-
ua,e ior Congress.
ine TePudIators have violated the pledge
'ney made 10 the people 10 put tho Union