The Yazoo City Whig and political register. (Yazoo City, Miss.) 1842-1844, 1843-08-18
WING TICKET.
For THE HOUSE OF REPRESENTATIONS,
w. Il. MILES,
BENZ. LEWIS.
Repudiation and AntIsRepudiatiOn.


The question that will govern our general
election next fall is one that was never dis
cussed or Agi:ated in political contest before.
And as the time is approaching it is well that
the grounds Of the controversy be clearly un-
derstood, and the landmarks distinctly stated.
Many persons are under the impression that
we are TO pass through the same controversy
and contend upon the same ground we did
in the last canvass, but this is very far from
being the case. The anti-Repudiators or
BOnd-paying party occupy the same position,
but their opponents have assumed different
grounds entirely. " Out-Gnd- OUT repudiGiiOa"
was not suggested or spoken Of in the
last canvass. Il was commended that the
Bonds for the Union Bank were illegally
| made and sold. That those bonds were sold
in contraveniion of the constitution, Contra
~ to law in invasion of the rights Of the PEG.
pie. It was commended that this particular,
pretended debt was made up Of a fraud be-
tween the managers Of the bank and Mr..
| Bidde-that the Union Bank undertook to
"6nancisr" and negotiated in behalf and on
the part Of the people Of Mississippi and for
these reasons the people Of the State were not
bound TO pay this debt for the State, or the
People did not creates.
Now, if this position was we'll assumed we
readily grant that the State should not pay
the claim. But on the contrary the bond
payers contended that the State and the peo'
pie Of the State, in the exercise Of their pro-
per legal and constitutional functions. created
the debt; and although the speculation turn
ed out a bad one, we were nevertheless
bound, by all the principles Oflaw and morals
to acknowledge and pay the debt. The hum
bupeery lasted about as long as other hum
( bugs last usually, but unfortunately it lasted
r long enough for the election 10 pass by before
+, it subsidized. Il was clearly seen, however
> that tue question Of the unconstitulionality
Of the bank charter and iIegality Of the issu
!, ance and sale Of the bonds could not stans
+ the test of the second ihOughlso of the people
] that another election upon that issue woulc
/. result in the total discontinue il not annihi
z ation Of the anti-bonders. The ground mus
i therefore be changed, another humbug mus
/, I be got up. So now the leaders OF anti-bond
ism have come out boldly for what they cal
''out-and-out Reputation" The definition
!, Of those terms is brief and easily given. !
Is is that il is the right and proper privilege Z
n any STATE or nation 10 rePudiase any publ
e dsbt-rhat a STATE can be under no obIigo
lion 10 pay any debt. And it is a ssrang
and mosl degrading fact that there is now j
q this SIals . large party and a censldsrabl
portion Of ihe press in the open advocacy
= this most abominabls system Of land pirac,
/ The party walchword now is TO ''repudia
D. all STATE debts. And not only is this ID
= motto Of the repudianng partys but gre
2 efforts are making 70 gelthe democratic par
: as ssch 70 join lhsms Or % engrait thai IN
y the catalogue Of democracy In this Stale.-
is Hence their papers assume 70 Be the card
9 mails Of democracy, and denounce alias ar
"a democrats who will not CRY aloud f0r on
5. and-Out repudialion
- Now, felloE-ciiizens, this is The cente
= that il 70 come on This faIl I'VE are % col
= tepd with party who deny that State
&. bound under any circumstances 10 pay a deb
The Onion Bank bonds and ihe Planter