The Yazoo City Whig. [volume] (Yazoo, Miss.) 1844-1851, 1845-03-28

foreigners. to put Mississippi in a state of de-
fence against her enemies. IF the State
should ultimately redeem the bonds, as she
no doubt will, then will our children be dOub-
y paid, as they willnot only receive from US
a thrice honored country, as their inheritance
bnt will receive back, with interest, every /
dollar we paid 10 save the credit aud charac- /
ter of their native land.
The State of Mississippi is passing through I
an odeal, moro severe and than any republi-
can Stale ever endured since the foundation |
Of republiCanism in America. The dominant
ltePudiatlng party is mostly composed ef hon.
est, weil-meaning men; but unfortunately,
a class fbToken down spectators have push
ed themselves forward as leaders of the DEM
ocratlc party, and have got tue democratic
press in their interest. The press and the
leaders, BY the veriest sophsiry and cleo
pioneering chilean ~, have misled large
portion of the honest people into the anti-re-
publican error OF population. 1t is evident,
to every rejecting mind, whose sources Of
information are not confined to the reading
Of repudialing newspapers, and listening to
the haraguing of anti>bond orators, that re-
Ipudiation and republicanism are incompati-
BILE, and cannot long dwell together. One
or the other mus! fall. The basis of our re-
publican government rests upon the sacred
preservation Of the public faith, the invialo-
blllty Of private contracts, and security of
peace and property. Reputation would
OVerturn these, the very foundation on which
every truly republican State reposes. If
successfully sustained in Mississippi, before
its evil affects fully develop themselves, the
baneful heresy may extend to other States,
and ultimately bring the whole into dishon-
or and anarchy.
Those who have misled the people, on
the alleged unconsttutioality Of the Union
Bank bonds, 10 espouse the anti-republican
heresy of population, are evidently not in
clined TO confne the doctrine to those bonds
but tc push it to the widest extIerIs mag
Unable, even to the reputation Of all lega
obligation in the case Of private debts. TX
bring down all classes of people in the State
to their own level, is evidently the aim 0
the leadin regulators. 1t is we'll know
that an influential portion Of them are ben
upon repudiating, not only the Union BanI
bonds, but the Planters Bank bonds, and al
: other bonds which were created strictly 70
J. governmental purposes. Some of them q
: still further in repudiating all legal compul
sion in the collection of private debts. fire
pudiation be thus carried out to its full ex
tent, every one must see that the law @
brute force will be the only law left in Mis-
sissppi in few years. The property hold
ers Of to day, being the weaker party, ar
ne destined to become, under Tepudiating ru
of ers, the hewers of wood and drawers of waite
he tomorrow.
IL z lor-I.rr Il
II and the domination of British myrmidon
Vn the American women in the days Of our rex
60 oluiion, parted with their Jewels, TO say
IN, their country from impending ruin. Unlei
tn the property holders Of Mississippi are lik,
rs, wise ready and willing to make some pecul
Try larry sacrifice for their country, for their chi
tie dren, and for the perpetuity Of our gloriol
CO republican institutions, the onward progre
ne of reputation will soon deprive them of Il
CT means Holding nine-tenths of the prope
Of ty in the State, they now have the means
)ps their own hands to crush the monster, rep
ng dialon, in its embry. The alleged cifcur
ed stance that the large mass of the honest pc
es, ton of the regulators got none of the UniC
IN Bank money, constitutes the main alimeT
pay which the artful leaders use in nourishiI
in the embryo monster into existence. III
re- regulators constituting majority Of Il
lug people, and the larger portion Of that majo
;oT- ~ never having got the borrowed none
ing they have been enormously led to belie'
leir that the assumption of the Union Bank bon
hat would throw the heaviest burden of taxati
am upon them. Whereas, the true state of /
4 as case is, that though in majority in numbe
let they would not have one-tenth of the 81
,ng- to pay. The bond-paying party, by volun
me, rily assuming that tenth, would at once
nds p!i7e reputation Of the very pabulum VII
! of nourishes It's existence.
, if The Union Bank bonds, at their mar
tall value, can be purchased for one or two 4
To lions of dollars. The bond-paying VII
onds and democrats, who pay nine-tenths of
gan taxes, can purchase the bonds, sOithoat
and aid of a single cent from the repudidtors,
sing one fourth of the sum. which they wo
(, at have had to pay if the State had assumed
NDs, debt, and the regulators had consented
HEIR bear their proportionate part. For then
Dnds, bonds would nave arisen TO their par va
mat while under the proposed plan, they car
lew; ways be purchased much below it. Ii is
l be probable that the scheme Of appropria
firm the proceeds Of sales of the public land
isun- extinguish the foreign debt Of the sew
aent, States, will meet the appreciation of the
from merican people, bat iii; should, the citl