Holly Springs gazette., 1843-08-04

as the plea OF unconStltullonaity was uol Sel
up until long after the money obtained on the
faith of the State was brought into the State
and spent. the plea of unconslitutionality IS
unavailable, unjust, and anti-democratie: be-
cause, not being timely made, those who lent
the money on the faith Of the State were de-
prved Of the legal privilege of seizing on
the funds unconstitu;ionally obtained, before
the said funds we're squandered upon the po-
litcal part:zans and friends of the Union
Bank
ResoIred, That, admitting the truth of the
premises OF the repudiators, that the Cover
nor and Legislature betrayed the trust impo-
sed in them, and violated the constitution, IN
pledgng the faith of the State for the re-
demption of the Union Bank bonds, still no
thing will Justify State Reputation en- constr
tutional grounds, at so late a day as payday
but an entire ignorance on the part OF the
people, Of said overt act of their Governor
and Legislature; 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 OF 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 constitutions
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
ResOtced, That, holding to the doctrine
Of Jefferson, in the sense he meant 1t to APP
ply, that zone generation cannot bind anoth-t
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
rig bit in nature to bind all future generations,
has nevertheless perfect right both in law
and nature to bind itself, and hence. there
FORE we hold it to be a sacred duty ofthe pres
ent generation, which has run the State in
debt, TO pay the debt as soon as possible, and
not impose the burthen on some future gene
ration. which, according to Jefferson, has no
right In nature, though it will have in law,
to pay it, inasmuch as that future generations
cannot, as the present, be accused of spend
any portion ofthe borrowed money in drink
ing Champagne and eating Oyster suppers.
ReSOlred That at the very time the anil
democratic doctrine of Reputation is tarnish-
ing the glory, impeaching the honesty, and
destroying the credit of the State of Missls-
sipTi, ii is affording a cover and a shelter for
an unprincipled set OF men to rob the good
people oft the State with impuni:y, under the
pretext of befriending them because, while
the people have been listening to the doc
trine of repudiation. many of the debtors of
the Union Bank, the loudest repudiators,
have been carrying their property out of the
State, and thus ro5oing the State OF SO much
of the available assets of the Union Bank,
which out for the dust thrown into the eyes
of the people by the doctrine of reputation,
would have been timely seized by the State
authorities, as the property OF the State, as 1t
lawfully is.
Resolred, That reputation of State debts
is not democratic doctrine. because it is in
direct opposition to those principles of homes
ty and good faith, on. which all sound and |
durable republics are founded.
Resotced, That reputation is not demo
cratic, because it is disavowed by the demo;
Gratis of Virginia and New York ,and every |
other State in the Union.
Resolred, ThattAe present plea of uncon |
sttutionality. which has lately been set up, |
to give reputation democratic coloring, is
not we'll founded IN substance and essence,
because it has been brought in as an after |
thought, by the repudialing members OF the
Legislature, long after the first reason of
reputation, assigned by Ex-Governor Nc |
Nut, which contained no constitutional OBJ
iections. were found to be unsatisfactory and
unlenable, and consequently has no claim to
any democra merit, otherwise it would
have been made in the first instance, and in
good time for those who loaned their money,
on the faith ofthe State of Mississippi to have
got it back again.
ResoIred, That public faith is jewel of
inestimable value. and an honest name Is
the most that many of US can leave to our
children, whatever abatement, therefore, that
reputation might make In the tax-bill of
the rich, would be made at a sacrifice ofthe
good name and character of 10th the rich
and the poor of the good people of Mississip-
pi, and hence reputation should be rejected,
both on the score of principle and policy.
Resolred, That we hold to the maxim of
Thos. III. Benton, union concession. harmo-
ny, every thing for the cause, nothing for
men, but the cause must be the ever glori-
Gus cause of Jeffersonian democracy, which
makes all the world love US and wish us
we'll. and not the cause of reputation, which
is fast bringing republican institutions into
disrepute. and making all the world hate us