The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-10-26

pres against u8 paper, nnoer tne signature
ofths swish ofhany wings" Thsndvid
ual who carried this piiiiul edna,n 10 the
printing ofice Of The Democrat was auline
merely e the tool Of a noioEious puppy, whose
name we win not oondsscend to mention IN
our columns.
THE ENEMY GIVING GROUND.
In The onsot Of the doctrine Of reputation,
iis advocates maintained that there vas nei-
ther q legal nor a moral Obligation to pay the
Union Bank bonds. Their next step YES that
there vas 10 obligation to pay any public
debt; that one gensraiion bad not fight 10
bind another and that sahsequsni generation
was under no obligation 70 regard the con
tracts Of their predecessors. These positions
were maintained by the leading Repudia.ing
organs, and they cited Mr. JedersOn's opinions
as authority to sanction them. Under this
comprehensive and sweeping principle Of repu-
datiOn the party generally, but especially in
the Southern porliOh Of the Stale, placed al
State debts uPoh the same basis and went 70,
the repOdiati6n Of the whole batch, the Plan.
ier's bank as wen as the Union bank bonds
Their next step in the progress ofrepudiaton
was the introduction Unto the, legislature Of
Briscoe's bib; BY which every individual wa
to be entirely absolved irom an his indebted
ness to any Of the banks OfIhis State. This
seemed to DO the utmost limit to which this
dishonorable doctrine could be pushed.
The Wings met It at every point and man
fully resisted ito further progress. Step BY
step they drove the enemy from their posi-
tons which they had taken, until with tie
assistance Of a sdsallsbodt,o f Independent bond
paying Democrats, they hsvu forced them 20
al back to the point, from which they o. gi-
nally set out, the repudialion Of the Union
bank bonds But even ia this proposition, en-
lrenched As they represent themselves % be,
behind she constitution, they begin 70 zee that
their situation is anything but tenusble one.
/ What they have considered Impfegnahls in
their defence they have seen battered down
and their strongest bulwarks have been daily
weakened By the fierce and determined al.
tacks Of the bond payers.
Already have some Of the leaders Of this
party become 50 thoroughly satisfied oflhcii
ultimate defeat # thcy maintain their present
position, hai they have begun in time 10 pre-
pare lor retreat. These persons are pre-
pared to give up all the positions, for Which,
they have heretofore contend, q, and 10 al
back upon an entirely new ground, which they
call AsswnpiioR. II we have been correctly
informed 10 regard 10 this novol position, which
some Of Tie Rcpudialofs ID this county ar,
for taking, il Ne this; that. although they beliov,
that the Constitution of the State was violate,
~ the'passage Of the supplemental bin Of ih'
Union bank, that the bonds Of the State werl
unconsliluiionaly issued. that they were he
galy and ifaudulonlly negotiated By he com
missioners, that the commissioners had no lcgn
authority 10 act, that the money obtained b
the sale 0flhe bonds was not received by To-
State hnl BY the Union oank, that the who'll
transaction from beginning to end was illegal
unconstitutional, and fraudalcnLand that there
fore there can be no legal nor moral obligation
upon tbo State topay he money claimed b
the bond holicm yet they are ID favor ofmiro
ducinH d bll inthe Legislature ioF voluntary
assumiag the debt, referring i to tie neople
and having Il reenaeted By subsequent leg
stature.
ThuH We understand the doc rne Of a.
sumption as maintained bg Col A. a. kincan
non ard James Whnfeld EsQr. who wer
brought out as candidates lor the Legislature
IN this county BY 6 conversion Of Repudiaiori
If we hive mistated the positions Of thsse gen
. tlemen, we ask 10 be corrected. The absurd
, ity Of the doctrine Is 50 manifest That five Ia
, not been repeatedly assured that such az
their positions, we should Be inclined 70 doul
Q whether there could be found any men 81 ir
ielligsaee 10 advocate such insousisteHt propl
sitions
If the State Justly owes the debt, lhe Lepi
: ature has ample pOwer under the conssitulo
5 inprovide for itt payment II the State doc
. Mt owe Il there is no reason why i shoul
voluntarily assume the payment ofan enormnl
amouni, which il Is under 10 moral or legal d
e lIigalon 70 pay. The clause 70 The cenatill
) ton requiring that there should be the aclio
Z. oi two successive legislatures o aathons
the pedging the faith Of tie State, e inthe 70
G loving words; aall bills 70 raise a loan Of moi
i ey upon the credit ofthe State lorthe paymeI
= d redemption Of any loan pr dsk" g.. Sue
law as Isl proposed b. Tie assa0p.aotis
3 not 40 sndie money and they deny th
= tie Union bank debt was "loan' athe Sal
4 oEa deb, which he State IS bound % pa
I, Why lhenpass law eiih ID these eonsiif
\ aonal loFmahlies l0pay iu o. rziher ahg pl
y aaE all i these be no mora Of legal obllgaii
Il % ra8itl Col. Kineannon says slheFe .
: hins 81 moral obligation" Come out e fepui
ating assampli0nisis either ior ule payment
= AGAINST ll--your present position e fldcuou
e you are neither flesh nor fsh.