Holly Springs gazette., 1843-09-15

The following extract is taken from the
Natchez Courier and is supposed to be from
the pen of DR.. Cartwright, one of The most
unflinching democrats in the State. 1t will
be seen that the Hon. r. J. Walker in 1881,
ma intaned the true principles of honesty
aud national integrity. We do not know
that he has expressed his opinion of modern
repudiation- No doubt he would be glad
to stand by and see the battle fought and
then join the victors. But should not the
oond payers require all who expectto enjoy
political favor when reputation is defunct
to assist in putting down the monster? This
is assuredIy no time for political bats Let
every one proclaim himself beast or bird.
1t will be seen tha. Judge Quitman is the
author of the clause in the Constitution re-
curing the law to pledge the faith of the
State to be referred to the people and is
now bond payer.
"The inviolable sanctity Of private contracts
and property and of PUBLIC FAITH, has
a
this country, unprecedented in the annals of the
world.' fHon. R. ]. Walker on the validity of
The charter OF the Planters, Bank, 1881
The repudiators of l843. are parading
Mr. Walkers opinions in 1881, against the
validity ofthe charter of the Planters bank.
apparently unconscious of the thunder clap
it gives to their whole sc heme OF legislative
reputation.
Most certainly, if the inviolable sanctity
of private contracts and of public faith has
done so much good for America. the viola
ton of tina; sanctitv would infict evil COM
mensurate with the good. The best dehni-
ton of Reputation extant, is from the pen of
the Hon. Robt. ]. Walker, and IS contain
ed in the above quoted paper, VIZ: "a des-
potic poaoer acknowledging no other rule
Of action than hoe cole, sac 5u6eo stat pro
yatione gaLuntas" Mr. Walker proceeds
In the same paper TO demonstrate that III
public contracts can be cioLated so aypra-
cate contracts What was then supposed
to be a fancy fight of Mr.. Walkers ardent
ina gination, has since, unfortunately, be-
come part of the history of Mississippi
No party at that time adyoc ated the doc
trine of investing the legislature with the
despo4ic power of deciding constitutional
questions, and Of violating contracts at plea
sure. Such power. Mr. Walker very
Justly commended. would be the same thing
as to confer upon the legisla;are. ''the po,cer
of aanulisng contracts at sosit, and of des-
froysag e the checks ard bakancss Of fconstatu
tiouas freedom" which would, he said, De
~dsspotssm, and the people had no right to
give Their legislature such power, because
their conslituslon Inhibited it But Mr..
Wake. with prophetic eye. saw that
such party might arise. and he declared
war against it in advance such party
has at length arisen in Mississippi. calling
itselflhe repudiating party. Is not the hon
ora5Ie prophet bound 10 prosecute the tsar
he declared IN adcance against az
The regulators contend that tax to pay
the Union and Planters bank bonds can
not be collected, on the ground efthe al
lodged unconstisutionah.y of the said banks.
But they evidently mistake the nature and
purposes ofthe constitution, as much as did
Gov. Stronp's militia. who refused to at
tack the blood stained enemy oftheir coun.