The Democratic Whig., 1843-10-05

L
H rles Of resolutions in regard to the Union Banl
one of which resolved that 1.-THE fifteerth Sec.
tion oftlie supplementary, charter of the Un;or
Bank so far as it is intended to modify the "a.
ntIre OF the provisional directory TO whose
management the affairs of 1.-The bank were. 81
the original charter com, ,nitted, &c SIS eonay
unronstitu utlonal, Eepngnantto the spirit Of the
original charter OF the institution and in defeat
of the just expectation of the people Of the
State. and tt az they ought forthwith to resign.
I A motion was made for the indefinite most.
Iponement Of this resolution, for which motion
lGen. Brown voted, thereby sustaining thai
portion OF the supplemental bill providing for
ne change OF managers into directors. to which
ne now objects. Gen. Brown had alsoindica.
TED ~ another manner by aEaiLng himself .of
the modations of the bank, that he con.
Isidered it legal institution or he places bim-
IN the position of being willing toparticipate in
the advantages of borrowing money from the
Ohion Danks which was procured By the sale
2. lne otake bonds which he knew to be uncon-
etItutlonaI and fraudulent. Mr.. Clayton then
discussed the moral obligations resting upon
the State 70 discharge these bonds. In an
swer to Mr.. Browns hacknied remark. Glet
those who get the money, pay it back.o ha
maintained that the State Of Mississippi had
gotten 1t, that her bonds were issued and sold
for 1t, that her constituted agents received it
and that therefore the State ought to paw it.
IhatI was matter exclusively for the consi.
deratIon of the State with which the money
lenders had nothing to do, what disposition she
should make of the funds procured bv the
pledge of her faith; state policy would suggest
that the investment should be of permanent
and Judlclous character, but in regard to the
bond holders it made no difference whether
the money was laid out in the establishment
~ Poll
The Bondholders had no right to interfere in
the mode of investment, nor did the character
of the investment however precarious, and in
ludlcioas affect the obligation of the State.
Il the negotiation of these bonds had been
illegal and unauthorized, ifthere had been fraud
IN the transaction, as the name Of the State
had been the means, by which the deception
had been practiced, it was highly incumbent
upon her to have gwen the earliest possible |
notice Of the fraud and of her intention not be
bound by the act of the commissioners before
The money was received and squandered In |
stead of pursuing this course, those who are |
now leaders IN the ranks of the Regulators |
were enjoying all the benefit IN the way of |
loans, which they could obtain from the first |
supply of money produced from the bond hold |
ers, and were buslly engaged in introducing
bills under the same law for obtaining ten |
and half millions more. Would not such a /
course among individuals in their private trans
actions be considered gross dishonesty? And |
are the injustice and hardship to the bond
holders less, or does the transaction lose any |
portion of It's fraudulent character because It |
has been perpetrated in the name of a State |
Instead of replying to these positions taken bv |
Mr.. Clayton, General Brown employed his
time almost exclusively in attempts at i1uu1arIl
interspersed with some frGthy defamation.
k9 rec0ncua hla or an
~. sIe algunIents Q, Rle which be
ne endeavored to divert the attention OF the
CROWD from hls own WEAKNESS and was toIera-
try 1y successful IN getting them 10 laugh.-I
nIouguout nis entire speech he did his at.
lnoet m - auluse MS audience; and when he fail
20 10 the huInor OF bis anecdotes, he tried his
pest 10 ee erceed'ngly fu7say, in his manner.
we ndNS Deen amused at the description |
which the Editor of the Democrat has Ma,,o11,
u his duty to give of this production of 9hs
Democratic Champion No one who heard
Gen. Browns speech in reply to Mr. Clayton,
could conceive that the description given in
he last Democrat was intended for that effu-
zion. production more utterly destitute Of
any pretensions to argument or eloquence we
never in our life have heard from any candi-
late for respectable Office. We would re-
commend to the editors of that enerable print
prepared 'as the canvass warns, descriptive
If the speeches of the different repudiating
tina: may happen to speak here,
ind to let the length of the articles and the
compliment be graduated by the I'M
,ortance of the station aimed at.
vUrF0AxAC tt WILLIAMS ;ndonondent