Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1843-10-21

" lhsoWnuea " hl nnrUoe arc UP ~ nCttO
u doiormined TO rescue the State from Il
4 unworthy position into which sho h
4 been plunged by tho party, and | hoI
unadvisod resolutions Of the I.egisla tn
o OF l84s, in repud'ating tho bonds give
under tho charter Of tho Union Bank.
regret that canno, be with you
person, but citizen OF our common Stat,
. asa taxpayer, and as a father Of fan
lily, my best wishes attend you and you
association, in the noble and patriotic @
fort to arouse our fellow.citizens Of a
parties to sense Of the disgrace and ru
in which awaits US as n State ard as IL
dividuals, il we pornA tho repudiatin
resolutions to blot the otherwise fair pag
ofour political history.
The limits Of letter will not PERM
me to attempt an exposure of tho lalIa
cious arguments RI prtcd to by the Anti
Bonders,to justify their bold attempt t.
cast Off The bonds of the State. A glance
at the subject seems, however, to be called
for by the occasion.
The act Incorporating the Union Bank
was passed in pursuance Of the Constitu.
ton. Ii received the sanction ofthe PEG.
pie. The bonds were created by that
act, and their execution and sale author
lied. The Bank was organized under
the original charter, and before the pas
sage Of the supplemental act by the cleo
ton Of managers. The supplemental act
did not then create the bonds, its principal
purpose seems TO have been TO regulate
the sale at an earlier period than contem-
plated by the original act. 1t directed
that they should be issued forthwith
They were thus executed by the Cover
nor, issued and sold, and the proceeds
brought into the State, placed in the
hands ofthe agents selected for that pur-
pose by the representatives ofths people,
and loaned out to more than 1000 citizens,
mostly Of those in embarrassed circum-
stances. The people, the sovereign pow
or, with full knowledge Of all this, acqul.
esced for nearly three years. they sent
back to the Legislature most Of the men
who had passed the supplemental act
They reelected the Governor who had ap- .
proved it, and who had on their part
igned the bonds. And now when the J
money is spent, and it is apparent that
oss instead Of profit must result from the
peculation, new teachers of national law S
nd national morals, rise up among us /
nd recommend to US to avoid the debt h
n account ofla technical execution, which r
ley have detected in the proceedings
o fellow such advice, would, in my o. /
inion degrade the dignity of the State, g
nd be unworthy Of free and virtuous {
eople. Such plea would not be listen T
] to by the jury of civilized christian '
alton, who will siton our case, 1t might \
econle people, over whom chance or c
'rce had placed bloody despot; but a v
rec people, whose government is purely [
where freedom of speech i;
I'd Of the press is secured not only by k
written constitution, but by that might
r power, public opinion, dare not, can d
1t say, acquiescing in the acts of their u
,vernment for three years and after q
the popular Governor, who !
I'd approved the supplemental act, and y
gned the bonds. "We are not bound in j
W or in morals to pay the money bor- '
wed by that government, on the bonds !
gned by that Governor" +
The history Of the Union Bank char :
r, from the time it was first recommen-
d in the Executive Message in 1885,
'wn to the passage Of the repudlating
solutions in 1842, is the best argument d
at can be used. No unprejudiced man cl
no examines it carefully, and who re- j
,cts upon the representative character CO
our Government, can doubt the nation 10
and moral obligation of the people of
e State to the bonds. These are the m
nvictions Of my mind brought about by CO
Der reflection and not, as trust, by
ejudice. II is well known that in 1889 CT
advocated in the convention that framed ST.
Q present constitution, an absolute in
to borrowing money for bank co
g purposes, and that the provision res an
citing the pledge Of the faith Of the w
ate known as the ninth section Of the tn,
neral provisions, owes its origin to me
d Its insertion into the constitution 10 tel
exertions and perseverance. 1t was ip!
en- stTenuously opposed, as imposing Sc:
great limits upon the freedom OF
presentation. AT later period too VIII
1885 was ever sternly opposed to the
cation Of a Union Bank in all its forms,
d as Senator from Adams, voted a.
inst the bill and aided in defeating it in bill
, session Of 1886. 1t was subsequent rer
passed by the ruling power, the major
against my whit became law
ding law, TO which all, even those who
posed it, must submit to become revolu the
nists and traitors to our country. init
We alluded to my opinions and acts to 7
Nv that preconceived opinions were not
ely to warp my judgment Imay be
united to add, that ifthere should be are
necessity of resorting to taxation, | Coz
st bear full portion Of the BURDEN