Holly Springs gazette., 1843-08-18


touched dollar ofthe money but inasmuch 4
as the plea Of unconstitutonaIity was not set 1
up until long after the money obtained on the /
faith of the State was brought into the State /
and spent, the plea of unconstitutionalHy is /
unavailable unjust, and ant-democratc be /
cause, not being timely made, those who lent /
the money on the faith of the State were de-
prived of the legal privilege Of seizing on
| the funds unconstitu;ionally obtained, before
the said funds were squandered upon the po-
| litical pari;zans and friends of the Union |
| Bank.
| Res0lced, That, admitting the truth OF he
/ premises OF the repudiators that the Cover
nor and Legislature betrayed the trust impo- /
/ sed in them, and violated the constitution, IN
/ pIedeing the faith of the State for the re-
/ demption Of the Union Bank bonds, still no.
thing will Justify State reputation on constr
tutional grounds at so late day as payday,
but an entire ignorance on the part OF the
people, Of said overt act of their Governor
and Legislatures but inasmuch as the said
acts were timely published and spread abroad
among the people, and met with no protest
from them for two years or more, while the
money was being Distributed to greedy bank
partizans, and noisy politicians of both par
ties the State is to ali intents and purposes, as
much bound By the said acts as if they had
been in strict conformity TO the constItutIoni
because the said acts, meeting with no pro-
test from the people, cannot annul their own
acts or the acts of their agents after they
have once approved them, otherwise the peo-
pie cannot be The sovereign people which de-
,mocracy contend that they are.
Res0lced, That holding to the doctrine
of Jefferson, in the sense he meant 1t to ap-
ply, that zone generation cannot bind anoth-
|, er, and all others In succession forever"-
we do not assume part but the whole doc
+ tr:ne of Jefferson on this subject. and admit,
with him, that the generation which has no
. RIGHT in nature to bind all future generations
has nevertheless perfect right both in law
) and nature 10 bind itself and hence, there
!, fore. we hold il to be sacred duty ofthe pres
! ent generation, which has run the State IN
4 debt to pay the debt as soon as possible, and
: not impose the burthen on some future gene
| ration which, according 10 Jefferson, has no
right in nature, though it will have in law,
to pay it, iuasnuch as hat future generations
J. cannot. as the present, be accused spending
any portion the borrowed money in drink
e ing Champagne and eating Oyster suppers.
l. Resolved That at the very time the anil
e democratic doctrine Of repudiatlon is tarnish-
ing the glory. impeaching the honesty, and
/ DESTROYING the credit of the State OF MIssls-
n sip3i, it is affording cover and shelter tor
4 an unprincipled set of men to rob the good
p people of the State with impuni:y, under the
d pretext of befriending them; because, while
e the people have been listening to- the doc
le trine.of repudiation, many of the debtors oil
ID the Union Bank, the loudest repudiators
10 have been carving their property out OF the
Of State, and thus roSoing the State OF so much
of the available assets of the Union Bank
le which but for the dust thrown into the eye'
u of the people by the doctrine of repudlatlou
would have been timely seized by the STATE
is authorities. as the property OF the State, as
m lawfully is.
g. ResoIred, That Reputation of State debt
h. is not democratic doctrine, because 1t is II
n direct opposition to those principles OF homes
bt ty and good faith, on which all sound am
ir durable republics are founded.
I'd Resolred, That reputation is not demo
he cratic. because it is dIsavowed by the demo
le Gratis of Virginia and. New York, and every
30 other State in the Union.
IN ResOlred, ThattAe present plea oil unco
RS stitutionahty, which has lately been set vi
IL to give repudiation democratic coioring,
lr- moi we'll founded IN substance and essence
IS, because il has been brought in as an aitel
ch thought, by the repudiating members OF th
as Legislature, long after the first reason
tes reputation, aSSlgncd bE SA-OONCI"Ot ~
lie Nut. which contained no constitutional OF
bis iections. were found to be unsatisfactory an
on untenable and consequently has no claim
any democratic merit. otherwise It woul
Id have been made in the frst instance, and l
of good time for those who loaned their money
We On the faith ofthe State of Mississippi to hav
I'm got il back again
nte Resolred, That public faith is jewel {
DC inestimabIe value, and an honest name
DC the most that many of US can leave to ou
ne children, whatever abatement therefore, tn
stl- reputation might make in the tax-bili
all the rich would be made at a sacrifce OF 10
wn rood name and character OF both The TIC
ny, and the poor of the good people OF MIssissl
has pi. and hence reputation should be reJectt'
both on the score of principle and policy
Go- Resolrsd. That we hold TO the maxIm
to Thos. III. Benton, union concession, harm
the nv. every thing for the cause, nothing Il
to men, but the cause must be the ever gior
ons Gus cause Of Jeffersonian democracy, whic
n,s makes all the world love US and wish
Use well, and not the cause of reputation, whiC
ing is fast bringing republican institutions 10