Columbus Whig. (Columbus, Miss.) 1843-18??, 1844-01-11

SCENTS, as member o. the community 70 take upon
himself all constitutional engagements Of the state.
Had the pass age oftheIaw authDrBing thu Isrsss
or these bonds Gas wan the case o. the law by which
the bonds issued and sold On account the Missssp
he ansstion would Sc wisely difereat, and he law
void at least SO Ear an the State 10 concerned.
To support and preserve from violation the fnnda.
mental law the state - the duty and should be- tho
rherished object Of all aRdis subject which appeals
with pleasing and unrestricted force, tothe PRIDE hon.
ar and pafrotism Of every good citizen. Tho consti.
tuition l. The bulwart the aggregation Of all the rights
of te citizens Il 10 the charters Of the citizen 70 prop
ertv. to life, to liberty and a honor therefore ina
noses on the citizen the paramount duty not only or
obeying its behests but als Of preserving from tar.
nish or violation.
This principle has been most molly sustained By the
cizeus of this state, evidenced nt0 two last en-
eFal elections. As evidence the citizens have not
been seduced from the support and preservation Of
their fundamental law, although powerful efforts for
that purpose have been brought to bear. So far from
being recreant TO that duty. they have given evidence
that in preference TO Withdrawing their support, and
thereby repudidtng tie constitute on they choose 70
continue their support to their constitution and TO
repudiate all engagements entered into in violation
of It's provisions, regardless of the high yet unauthor
lied unctonaries. who entered into such prohibited
engagements duty on the citizen next to- il not
equal grade to the support OF the fundamental law
is the protection and preservation of the faith and
credit of the state contracts or engagements of the
state which are entered into according to the forms,
and by the authority OF the constitution. 10 protect
and preserve untarnished the faith and credit Of the
state in contracts legitimatey entered into by the
state, is more nor no less than the support and
preservation of the constitution OF the safe. There
fore the preservation of the faith and credit OF the
state, should the cherished object Of all. IT.
subject which should appeal to the prcet honor and
patriotism of all good citizens. Public faith Is the
aggregation OF that principle OF common justice and
common honesty, which imposes on us the paramount
duty of paying just debt. The preservation OF the
faith of the state involate frequently requires great
sacrifices the part of the citizens. Gas will be the
a. poplr NON1I NA
but when such sacrifices incurred in the preSer
walton of high moral principle, without which,
neither society nor government can long exist we
should brook the sacrifice without a murmur. In
protecting the faith of our state by paying government
tai debts most frequently pay the heavy Penalties
of the past folly and prodigaity of reckless public
agents. as will be the case with US when we pay the
Planters Bank bonds. However, when we have suB-
tanned the penalties of folly, by surrendering up por
ton of property to pay these bonds we have the
consolation of knowing that we thereby only sustain
the expense OF preserving principle which guaran.
tees greater security to the remainder and thereby
enhances its value.
It may be urged with the powerful force Of truth
that by the payment Of these bonds portion Of the
therefore sacrificed to them) who never enjoyed any
benefit from the money borrowed. But the force Of
this apparently real objection, ls rendered poweriesS,
from these simple fac:s let, that we are all citizens
of the same state and government and that the acts
nerfornaed by our governmental agents within the
scoOe of their constitutional authority whether such
arfGh 0
from the nature Of our government the acts Of all by
having at least, our implied assent: Sd, that those
who loaned the money are not responsible for itS aP
pication by agents. If the money was borrowed
by the state in good faith and by che authority of tho
constitution and the consideration of the debt cannot
be questioned then becomes debt of the state and
good faith alike the states engagements and to the
constitution requires that the same shall be paid by
the citizens of the state as an aggregate community
If by the acts of agents. the loss Of the money bor
rowed in whole in part, is the result it Is certanya
misfortune of the state and can afford no plausible ex
cuse or even preext TO withhold payment from those
who in good faith, loaned4heir money toihe state
would not be understood advocating OF urging the
payment OF sSte debts, and the preservation Of the
faith and credit ofthe state, that the state may be
abled to borrow money again. IhaFe ever been OPP
posed to borrowing money by the state, for any pur-
pose Many the states of this Unions and this state
among the number. lave been taught SAD lesson on
the subject Of borrowing money for banking puposca
or even purposes Of internal improvement. would
uewe the payment Of state debts much higher and
more noble principles. upon the principles Of protesting
and preserving untarnshed the faith credit and const
IntCn of the state and upon the principles ofcommon
honesty, right and eternal justice.
The people OF the state Of Mississippi are brave
generous and just yet Jealous OF their rights and cncr
5olh personal and political They dare to % any
hing that 10 right and just therefore they have With
but sordd and avaricious influence, dared y disow
md to reject to more common expression 70
srepudiotev toe bonds issued On account q the MS
,sippl Union Bank the act authorizing the same be-
no vicious and prohibited By the potwith.
he act was passed. and the engagement waA
.nteyd into bv functionaries Of the states who aroga-
ed "a themselves that they were the agents Of the
,tate ia that behalf and had authority 70 pass such
IN act, and to enter into such engagement. There
lore they have dared TO preserve the constitution from
Earnish, violation and fepudt1tsOn 10 SUCH brave.
generous and just and at the same time 80 enlightened
people, 1 look with an abiding confidence that the
ith credit and constitution Of the state Will sup
ported and preserved with an integrity and prompt
ess which Will endure the test Of scrutiny and time.
tI.s e,,s T1l. rtarnp Rank bonds created hv
The the state within the scope Of their
cost.fntional howcr and by permission lat leastIof
ire constitution ITSELF therefore consider that The
same fof debt against the state. ane that the pro-
lection and preservation Of the faith and credit OF kha
tate and the principles Of the fundamental law rom
vlafion and febudiatiOn, require that the same shall
IL T,aid ~ tie state consider that the refusal %
a1 aaid Bonds would tarnnh the principles OF air
sr ard credit of the state and violate and repulae
lla eunrtitrfi0n To avert these ags and 10 doaub-
rfantial inrfice submit to your thepro-
nref4 ofraisnn from the sinking tunds createdby the
the Planters Bank irom the stock and
5000 Or the Missibsippi Rail Moad Company 1.-THE
rsra be practicable and can sbe pnompty perlorned.
~ # not then By taxation, anm q money suhcie4k
e pay the nstalment and interest POW due on paia
a. advised ahal he question oftaxaticu isa DER
cate subject, especially the subject ~ Increased taxa
tion. However delicate the subject may bes u I'm my
opnion1 imposes ilself0n the people cf The state:
am not greatly mistaken ~ 50 The character q t1e
citizens Of the state tone q dollAFs ano cent
have influence o. their ccnapet wsn ~ sonsla4.
with their honor personal q Rsl...c.l sna tnas tuS
Question 81 increased fHEnkon WIN ba mel mMM conmq-
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