Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-07-24

The 1pMehbmr0 1'tr0iuiaM.
MONDAY, JULY "a. Is43.
h'p"t' "t0"-Cen. Hamilton Of South Caroiina--
State UeBfs


Zen. Hamilton. of South C.rolin, b.,,o nj, Vii, .,
c"u'o"'' MISSISSIPPI, on the 4ih VI July last, was an
invited guest at The anniversary dinner in that place.
ana" IN reply 10 complimentary toast among other To-
pics he adveried tn The subject epuda,nr the debt. Of
The otaies-a policy which he reprobatsd in the most
glowing ianguage After introducing the subject, and
ose'a'ng all intention Of wounding the feelings Of ia
dls'ouss present who might not concur with him in o.
pnlon, he remarked
'eenllemen. was IN England, when the intelligence
was received and tho shock i, Of your failino n
pay the dividends your Bonds Imipht descrbe IN
yon The panic which This intelligence prsiucrd and the
nsasf"' hflurnre on The interest "f Whole country
hui 'f3'af bn'" that The lssrs Of large capitalists
afc nj very APP ~ pt.re much sympathy: hut vur
b"nis, You VIII pon"il N" 1" nfn ynu were sid at
prcc which seemed Ia promise hiyh rat. If n,.,...
they We're therefore purchased in Europe by prrsns IN
moderate circumstances seeking this wav an augmen
ed lncome-by disabled hsll-pay officers by co,np,r,
lively destitute widow aud by trustees for ornb,ns IN
no wise m a better condition. The statement If his
Tact recalls 10 my mind circumstance which occ,,,.d
shortly alter The news reached London tina, the Execu
tive OF your State had declined recognizing the VALIDITY
oiyonr State Bonds happened 10 step into III. Of
hce ol highly respectable merchant of ondon b.,.
met gallant officer of tho British army wi... -,
quantance had the honor and pleasure n,.vi,rsIv II,
make lie niormed me he was An unfortunate ho,d.,
OF Mississippi Bonds. He remarked 81 sb,, ,,,y N
my grave large deposit Of American Lcad, which IT,
"evrt at the battle of Chippewa wh.r. xonnd.d .nd
disabled. Tell into the hands If yonr c,nn,r,'' ~"
her generosity, unbound-d kindness and bnm,n,,y
usagh' could safely deposit with their good filth I'M,
li'''e god limited fortune had still left M. js,w
me seal and signature Of the State Of M,si.sippi
confidence in your country" This pcn,l.m., w. 49,
said with sensibiy free from all vupcr,,iy. or nueru
lou" s'nse u was said by msn who stood ak (rr,
wv" IN ms SHOES. tho perfect and entire mpcrsoifca
non Of the finest models If Phidas aud Pra1i,elcs II
was IN one word the gallant Sir John NassIL,, WI
""" was wounded several places the battle Of Chm
pewa, and "ho. amidst prejudice and poorance in r..
galo 70 our country stood her grnerou, and nobl.s
heehder IAN you blame me, gen, leInen If assured This
veteran WIN gnsh Of sens'bty that every f,r,hinc o,
PP' bonds Interest and principal which he held
would be pad, as sure there is a God in Heap.o ,h,
knew the resources Of the State and the cbar,c., nj
he' people mat thIs WAS panic or suspenson in
her good faith which had resulted from causes entirely
'"'c'eo WIN me supposed unfairness with which an
intermediate negotiation had been made far IN. ,roro
gaze amount OF The Bonds in the United Sa,es.iha
mere was not IN her people particle Of meann,ss ar an,
ouness,-and to hold with inne xibe Confidence in
his Stock "
"ehea' Hamilton then proceeded to shsw, that large
as Inc doo' OF Mississippi b., it is in fact, when
compared with hergrea resources, mere cypher II,
concluded by offering the follow ing toast:
ne 'ente 81 .h,"''sippi-Great in her resources.
ana IN IN" liberay and public spirit of her peon,c sh
WIN pay every arhln. Of interest and prncipe which
VEN" WV IN liza
We also, have the most unGoub,ino faith !, H.. nh;
mate 'u'hlment' not only by Mississippi but bv every
State Of tho Union which under TN, nre..,,. Is ,.,o
rary eharassmens, has failed to provide the WAYS a,d
''' 'e discharge OF It's obligations of every en-
S's'"e'' '''" winch, whether wisely unwisey pro
'"e"'J OF impro'Iden'ly, it may have entered That
time has not YET 'rrived. With many homes, pc rsons
reluctance I" bo heavily taxed for the purpose Of paying
The Slate debts, while they arc ind vduay emba rra..ed
and while cotton and other produce is low will induce
'hem To Cooperate with those who upon mistaken priu
e'pf' or from criminal poiry have espoused the doc
time OF Repatriation, and Avow their purr,e never to
consent 10 the payment Of The State bonds But as soon
as 'he existing Pecnn'ay embarrassmen,s of the people
shall be removed. and tide Of prosperity shall flow in
upon men, as IN the nature Of things mus, be the case
an Overwhelming majority Of the people will scorn to
lake advantage OF their creditors and will DANGEROUSLY
demand IN the name Of their State that this foul stain
snail be wiped from her dshonored brow As Gen
tian'ton' IN another part Of his speech remarks
MISSISSIPPI must pay. ls unaltsrable as the eier
val principles OF truth and Justice ard from no other CO
etc'"n 'han that which arises from her own sense of
honor Entirely apart from all abstract principles Of
'gn' IL consoranl to wise policy, having reference
exclusively to an enlightened sefnterest, that she
should make early preparations for the peyment Of the
interest and the Ultimate redemption of the principal of
her foreign debt Nonation subsst without pubccred
IT; the cement of social prosperity and public honor
mold 'his proposition tobe phosophcaly true and sus-
cer'ibe OF the most rigid demonstration When there
lore, The excitement Of party shall be removed
from The great question. no man, capable Of form
ing Just estimate Of the resources Of this State and of
tho spirit aud iberaty of her people, can hesitate for ono
moment In The belief that not member of this Union
WI" surPass you in your heroic efforts to redeem uu-
touched your public faith and honor"
by tabular statement which we find going the rounds
OF the papers appears tina. the States of New Hamp-
SHIRE, Rhode Island. Connecticut, Vermont, New Jer-
'ey, Delaware and North Carolina and the territories Of
Iowa and Wisconsin. having population Of 274,l97,
owe no debt-that tho States Of Maine Massachusetts
New York, Virginia. South Carolina Georgia, Ala
bana, Kentucky. Tennessee, Ohio, and Missouri. and
Ihe District OF Columbia. having population of TO-.
osocoo, OF the States which e. pay their interest
regularly. and their debts hen due;-hat the States of
pennsylvania. Maryland Lousian,, Indiana. Illinois
and Arkansas, with population of 1906 2O have M,
formally repudiated yet fail to pay their inerest:-and
tina, Mississippi Michigan and Florida, with popu.
NJ dsclared their determine iiu
" ement shows uS7
Win which n11Iaaa brandel