The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-02-13


sum, yet the cotton sold for less than the amount
advanced TO the bank by the Barngs, and the ba-
lance Is unpaid, the bank insolven and has assign
ed ITS assets without providing for this debt; yet
one complains OF dishonesty or dlshOnor in this
transaction, while the same Earrings have advanced
the Bank of the United States money on hypothecat
ed, pretended Mississippi bonds and complain that
the State Is dishonored because she will not
nothing, no more than she did of the advances upon
the cotton shipped by the Union Bank. The govern.
ment lot Great Britain has repudiated forged exche-
quer bills that had passed into the hands OF innocent
nolders; mas repudlated portion OF her national d. BIT
bytaxing the income Of the holders of the bonds !;
wagon loads OF continental money, issued during
The revolutionary war, the use OF which enabled
forefathers TO achieve our Independence; countless
obligations OF the States issued for produce received
during the whole period have been repudiated with
out a stain upon the national escutcheon. Yet be-
cause Mississippi refuses to recognize an uncOnsti-
tutional debt, for which she has received nothing,
she is 10 be accused OF furnishing that escutcheon.
Nations all over the civilized world have repudated
bona tde debts, without the charge of dishonor,
while we are to be singled out as being disgraced
because we will not pay a debt not our own in con-
tracing which,, we did not receive value to the
amount OF a red cent. look upon this pretended
horror of Mississippi Reputation hypocritical
is insulting. The fund mongers and advocates of
the banking, bonding and paper money systems in
TINS country and Europe and their agents here,
believing against rePudaton TO draw public at
tentlon from their own infamous schemes OF swind-
ling We have been tainted by these men who
live on the labor of others through the machinery OF
the banking and paper money system until the Ro-
bespere OF the Harrison administration (Mr. Gran
ger, who was as fond OF cutting of heads political
ly as that monster was in reality, has ventured to
lecture my colleague for proposing to bring down
the expenses of the government to its current
revenue. The gentleman from New York,
(Mr. Grange), in his peculiar manner, which
he always assumes when he purposes to say
something witty or severe, reminded my colleague
that 1t was Unnecessary for him to advocate Ietrench
ment as our debts could be repudiated under the
doctrine, IT they become troublesome. He thought
he had touched my colleague on tender point.
but. like the blind ratesnake IN August, he struck
his fangs into his own politically corrupt body; for
man In this House is more jealous advocate OF the
reputation of honest, bona fide debts. under the
his valedctory when this House was about repeal
ing that law. Yet he had the audaclty, in the face
OF the House, to sheer at reputation 1t was like
the devil reproving SIN, or prostitute ecturng on
virtue and morality. will submit to this mode OF
attack upon my State no longer. If gentlemen will
trave out of the regular order of debate to attack
US, they must expect to be met with spirit becom
ing the representatives OF people whom the scot
hngs OF the corrupt, nor the frowns of power can
not tear from their purpose in defending their con-
stituton and laws from violation The gentleman
from Massachusetts (Mr Adams) points to the fate
o. On,na, and warns Us to ayold similar one byget
IN public addressput England in the right and China
in the wrong in that he intends five have
war because we will not assume the State debs. He
appears to be the British side in argument il he is
not in feeling. l do not desire war with Great Bril-
tain any other nation, but the dread of it shall
force to advocate the assumption OF State debts
in violation OF the constitution of my country My
constituents prefer if the other alternative is as
sumption. We have deeper interest in peace and
commercial intercourse with Great Britain than any
State In the Union, as we export more to that
try than any other State, yet we will forego all OF
these advantages of peace, rather than sanction an
invasion of our fundamental law. / despise the
knuckllng spirit that is manlfeslng itself in this
country to the power of Great Britain. We can ex
prefer, in the language of the gentleman from Vir-
ginia, (Mr. Wise,) to slap John Bull in the face to
qualllng before his power. We will gain his respect
the more permanently by this course. The gentle
man from Massachusetts has great fears of the
English Palxhan guns, and supposessmany cases to
bring them to the bombardment OF Natchez. will
answer him by supposng that subjects of Great Br-
tain call on their government to defend them against
the operations OF the expost acto bankrupt law which
mas defrauded them out OF immense amounts of their
debts In this country, bona ide debts, for which full
value had been before the passage the law
That government through Its minister here asks for
redress Our President and Secretary Of State return
no answer. The potent argument OF the Paixhan
gun is brought to bear with feet of war steamers
upon the city OF Boston, demanding the British debts
repudated there under the operation of the Bank
rupt Law. What is to be done? Why, according
TO the reasoning of the gentleman from Massachu-
sets, the horrors OF war must be avoided and this
government must assume these debts and get clear
OF the Paixhan guns. have no such fears Of war
or Paixhan guns as to induce me to sanction a vi
olation of the Constitution avoid the one or get
clear of the other. On the subject of assumption,
may have something to say hereafter. My only
object in addressing the House has been to de-
tendmy State from the unjust imputaions that have
been cast upon it,
Mr.. GRANGER, of N. Y made few remarks in
reply, stating that the State of Mississippi had re-
celved the whole OF the money the bonds, 49,,
600 600 and $3.50 O0O and was bound in honor to pay
the debt
The morning hour had expired, and the rest Of the
day was consumed in ridiculous discussion about
paying the people of Florida some claims for losses
by the U. S. army in 1914 The claim was
rejected, lib to Sc, and the House adjourned.
w r. A.