The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-10-05

AN~AN laAAA AANaAU NAAN A.. ANH ..IatAAN a &c
res q resolutions 10 regard % De Union Banl
one Of which resolved lhit alh8 fifteenth sec
tion ofiho supplementary, charter Of the UnioI
Bank 90 az As il e intended to modify the 10
nure Of tie provisional directory 70 wh0sl
management the adaifs Of The bank were b
the original charter com.nitisd, &c, Il equallJ
Unconstitutional, repugnantto the spirit Of thl
original charter Of the Institution aud in deiea
Of the just expectation Of Tie people Of The
State, and q ~ they ought forthwith 10 resign
A motion was made ior the Indefinite post
ponement Of this resolution, fof which motor
Gen. Brown voted, thereby sustaining thai
portion Of the supplemental bill providing fo
he change Ufmanages into directors. TO which
be now objects. Gen. Brown had also indica
ted in anOther manner By awaiting himself o
the Accommodations Of the bank that be con.
sidered il 9 legal institution or be places BIN
N the position Of being willing toparticipaIe il
the advantages d borrowing money from this
Union 1ank, which was procured By the salf
Of the State bonds which be knew 10 be unc0n
stitulional and fraudulent SIR. Clayton the1
discussed the moral obligations resting Upon
the State 70 discharge these bonds. In an.
swer 70 Mr. Browns hacknied remark, alel
those, who get the money, pay il back" ho
maintained that the State OF Mississippi had
gotten il, that her bonds were issued and sold
for il, that her constituted agents received i
and that therefore the State ought to pay il
That il was a matter exclusively for the consi-
deraflon Of the State with which tho money
lenders had nothing to do, what disposition she
should make Of the funds procured By the
pledge Of her faith; state policy would suggest
that the investment should be Of permanent
and iudiclous character, but in regard to the
bond holders it made 90 difference whether
the money was laid out in the establishment
Of a Rail Road or in a Banking Institution
The Bondholders bad 10 right 70 interfere in
the mode Of investment, nor did the character
Of the investment however pFecarious, and in
udcious affect the obligation Of the State
II the negotiation Of these bonds had been
illegal and unauthorized fthere had been fraud
in the Transaction, as the name Of the State
bad been the means, by which the deception
bad been practioed It was highly incumbent
upon her to have gwen the earliest possible
notice Of the fraud and Of her intention moi be
bound by the act Of the commissioners before
The money was received and sq0andered In
stead Of pursuing this course, those who are
now leaders in the ranks Of the Regulators
we're enjoying all tho benefit N the way Of
loans, which they could obtain from the first
supply Of money produced from the bond hold
ers, and were busily 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 dshonestyl And
are the injustice and hardship 10 the bond
holders less, or does the transaction lose any
portion Of is fraudulent character because Il
has been perpetrated in the name Of a State
Instead Of replying 10 ahese pCnnons taken By
Mr.. Clayton, General Brown employed his
time almost exclusively \ 4tieupiset lluHl1I
inierspersed with some tralhF daa'analisns
Unable 70 reconcile 10 iUroHaia 'e1cie - an-
swer the arguments 81 hi5 oHf qssIfs ~ Ia 90
felt to be too powerful Gid 81 E.aah "a
he endeavUred 10 divert the attention Of the
crowd from his own weakness and was tolera-
bly, successful in getting them 10 laugh
Throughout his entire speech he did his ut
most 10 amuse bis audience; and when he fail
ed ia the humor OF bis anecdotes he tried bis
best TO be erceeaiag funny in his manner.
We have been amused az the description
which the Editor Of the Democrat has thought
u his duly to give Of this production Of the
democratic Champion" No one who heard
Gen. Browns speech in reply TO Mr. Clayton,
could conceive that the description given in
The last Democrat was intended for that effu-
sion. A production more utterly destitute oil
any pretensions 10 argument or eloquence we
never in our life have heard from any eandi.
date FOR a respectable Office. We would re-
commend u the editors Of that enerablo print
the Columbus Democrat, 10 have some forms
prepared as the canvass warns, descriptive
Of the speeches Of the different repudiating
candidates, tina. may happen to speak here
and to let the length Of the articles and The
.degreesof compliment be graduated by the i'm
poFtance Of the station aimed at.