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

THE GUBERNAT0RiAL CANVASS

auu auAI~eA1l 2 ~ ~ ae.tAt4 - VIZ Fp'i'i-
iniha Couft House.
ar. Clayton opened he discussion; upon
which The Regulating orgn Of this place m
dhlQes n some Liberal nmafka. although
he acknowledges that Ia Encouragement made
BY the candidates themselves, i iell 10 Mr.
Claylon's lol 3 comuence The debate. Mr..
Clayton, began his address By stating tiat i
had been his wish TO condse bis discussion to
those topics, which, Il be should Be elected
Governor Of the State, wYuld come within The
sphere This duties. Hehad no desire to en-.
Ter upon the broad feld ofgeneral politics. the
question involved IN then could have little or
no relation at present t. the duties Of Gov
arnor Of Mississippi; bit no stated that he
found i necessary for hin 70 make some cur
eofy remar.s upon thosefubiooso nhsro aH me
purpose q correcting Else impressions than
with the view Of fully discussing them.
IN regard 10 TarG he said, that be was
an advocate 6r no higher duties, than were
absolutely necessary Tor raising suulcient
revenue for the economical administration Of
the Government mat as Tar as such lanii
afforded incidental protection to manafaclu-
res, he was, in Gvor ofproiectlOn, but further
than that he vas not disposed to 60.
When ne revenue raised BY any tariff Of
duties shsll be higher than the expenses 9th
Government require. he would be a jealous ed
vocaie Of its reduction. His position on thir
subject was that the collection Of reyerde
should be nc primary object in the enactment
ofTsdiTaws, and the protection, Wish they
tnigbidfofd The manufacturing interest OF this
ooiH'ry should be made incidental IN tegard
- the present tar # although he approves of
the general principles ofthe blll, be thinks that
The details might have been improved and they
stin viii be.
From The Tariff be PISSED on 10 the distrIbu-
ton act as the next importan; subject in
general pohucs, upon which his opinions had
been araigned. He confessed thai he apprnv-
I'd ofthat measure, and INDICATED the correct.
ness Of his opinions by reference to the deeis
IF cesSioR, from which he read parts to shcw
that, after the payment Of the revolutionary
debt, su'h was The direction which the States
themselves Contemplated m re yard TO the pro-
cseds Of the lands coded by them 10 the geaer-
al government. he also read extracts from
Goa Jachsun's op niol IN iegaul to tl6s ques-
son, which proved that he hld entertained the
same views on the subject, lie maintained
that the proceeds Of th1se lanis, which had
been purchased by the government AS they
had already much more Than Reimbursed the
amounts ofther original cost, should 60 in the
direction a. The source from which the funds
of Purchase were derived
AT er his exposition Of bis opinions on these
two subjects Of Federal politics, which he sad
he mIde rather for the purpose oftX lanaton
than as a DISCUSSION OF these questions be-
then took up the Bond question:.
As there was 10 disagreement between bis
opponent ami hmselE upon Inc liahili'y Of ,hv
State for the Planters Bank bonds, be said he
would cOaiae bis remarks 10 the Union bank
bonds.
lie then went inlo general history ofthe
condition ofthe country, which preceded and
gave origin to tho Unon Bank. Tie referred to
the spirit Of speculation. which bad pervaded
me State, and the embarrassment that ensued
tie recalled TO mind the aviditg with which
he projected scheme Of the Uaidn Bank was
seized upon in every part Of TIC State as the
means Of protecting It's citizens from ruiz, and
promo ing its general prosperity, Itwas hail
ed by al parties as an instrument Of salvation,
and m measure, that ever was submitted to
the people Of this State, obtained such univer-
sal popularity. But in order to pu, this bene-
icen; measure into operation, as there was no
domestic capital that could be spared for it,
il was necessary that foreign aid should be Oh
tanned. And accordingly, in the charter, which
provided for the organization Of this institution
a clause was introduced directing that bonds
pIedgiRg the faith Of the State Of Mississippi
10 the amount q fifteen and half million Of
dollars should be prepared and sold for the pdr-
pose Of rah ing a fund, upon which the Union
bank might commence lis banking operations.
This act having been passed by a previous L.
gisature, received its final action IN 1893, and
was sanctioned by Governor McNutt During
the same session ofthe legisliture,a committee,
to VII N was referred the consideration Of the
question whether or not the bill chaf.ering the
Mississippi Union Bank could be amended, re-
ported that in their opinion, sit is within the
province of the Legislature to amend and
change the details Of the Mississippi Union
Bank charter" which report was received and
adopted Accordingly, bill was Introduced,
and passed, entitled, IAN act supplementary
to an act 10 incorporate the subscribers to the
Mississippi Union Bank" This supplementary
act, without interfering with the law in regard
to pledging the faith Of the State, or changing
the object Of the original bill, contained some
alterations in the details Of the act, which il
was supposed were advisable in carrying out
is general purposes. But it IS upon this sup
Elementary act that Gen. Brown hinges bis
objections to the payment Of The State bonds
sold on account Of the Union Bank. lie voted
Tor the original biz; bat contends that, as the
constitution Of Mississippi requires that any
law pledging the faith Of the State should be
passed by one Legislature, be published GER
Jain length Of time in three newspapers Of the
State, and then be re-enaeted By succeeding
Legislature, this supplementary act not having
been carried through his process is uneOnsti-
tutional, and The bonds, that we're sold to carry
the Union Bank iuto operation undeT the sup.
Elementary bin, though issued in accordance
with the original act which had undergone
ihe necessary iormality, are null and void. In
opposition to this. Mr.. Clayton con1enaed thai
there was a difference between an act and q
law; that an act may contain variety oflawsi
as, for instance, The Penitentiaryaot contains
various laws m regard to difEsreHt ofienoesi the