The hornet., 1843-10-10
-oII'o", Hi''i''ippl, Tuesday, October 10, ista


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Col. Williams fHeu entered lu'1H uI re"u.
ifauou of H.p .rIII auI mu.I Iunmfs m fHr
state lU ry fNe bond. l'rutlit u..rrt H0.
argument werp r.euI, iorHIa, and conclusive
u tv.fv candid and intelligent mud. De- f..
Iu1Hf.d b.. positions by many lmIwrchaU.
plies, aud urrpersrd b.s speech by O tuurly
oC interesting and appropriate anecdotes ]
huvc never heard, ou uhy preua.ou, lhls sub.
lect more fully and c.ouly aundued' uur
msc ever seen lhr gfouud.work ol rcpudl1.
lun SO completely demolished a few more
blows aud il would 'QII, Isc Lucicrncynr to
rise again. Buas thccauI upon which some
carton carrasg has purified aud rultcd will
emit au offensive smell for many days, 50 Will
the stencil of reputation rise up 60 offend the
noelr, Of m honest community, long alter
It's miserable aud Ioatbsomc carcass has been
Pcitcd into aotbIngness.
Col Williams said, he wished particularly
to call the attention 10 a matter which he re.
garded OF vital importance to the mx-Paylng
portion of the commuuIly--lhe devcopemcnt
of the policy Of Tie rcpudialors in relation to
the assets ol the Union Blnk--and the proofs
which he relied upon to establish the guilty de-
spns of that reckless party. were nconlrover-
tble--they were the records oI the country.
And the people would discover that they were
not only politically interested in originating
the doctrine 0i Reputation, but that IN a Pc
cuniary point of view, they were interested n
preventing the bank from collecting the debts
due to her, for money loaned to them. That
party had heretofore prevented the bank from
being placed in liquidation. They had suffer-
ed It's assets to be wasted. When, in 1871, he
introduced into the House of Representatives
resolution, instructng the judiciary commit
tee to report bill 10 place the Union Bank IN
liquidation, his proposition was voted down
bv the repudators. Had his measures sue
cecded, a large amount of the assets OF the
bank. now lost property, would have been
saved. Every dollar thus lost to the bank,
through the strumentaity of the repudlatorS'
lessons ber ability to pay the bonds, and in
the soise proportion increases the amount to
be paal-bv the State. Bv this refusal 10 legls-
late in time, portion oi the property OF the
debtors has been removed to other countries,
or taken to meet other liabiIiIieS--and, IN some
instances, the debtors themselves have re-
moved beyond the jurisdiction OF the Ntate'
He wished to expose the hypocracy and du-
plicity OF those who pretended to be lhe
friends of the constitution and the PeoPle-
who abused the HIGH trusts contided to them
bv their constituents, and thus ShaheIu''g en-
posed to rldicule and reproach, the very con-
stitulion and government which afforded lhcm
protection. UnwSe and INSCRIPTIONS IeglS-
jation. added to the ignorance, folly, and WIck-
edness of our rulers, has squandered and
wasted the means of the bank and the State
and the rights of the people can never DC re-
stored, or the treasury of the country secured
until men who acknowledge constitutional re-
straints and the influence of moral principles
are intruS,ed with the administration OF the
government The shepherd might as well IN,
! trust his fold to the greedy mawS OF pack OF
ravenous wolves, as the people their dearest
RIGHTS, and the treasury of the country,to men
VINO deny all mOrM ObHgatiOn
! Col. Williams then examined and exposed,
at some length, the principles and effects oil
+ Bri,coe's bill, another measure OF repudIators'
bv which they endeavored, by selfish IegisIa'
lion. 10 release themselves, not only from their
debts due 10 the Union Bank, aud thereby
leave the whole burihen of the payment oi The
bonds upon the people OF the State; but elect
uaIIv TO operate as rcPudialion OF their IN