Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1845-08-30

IbHIS HOtICO W uIl vi hUOH'
1.-THE ORIGINAL" BRISCOE BILL,
AND THE BRISCOE LAW AS 1T
| NOW STANDS.
l As we have heard several enquiries
lately for copies Of one or the other OF
these celebrated documents, we this week
publish the original bill, and the amend
ments thereto, which now constitute the
presen, law. The amendments. propo.
posed by Judge Guon in the Senate, and
which wero adopted. will be found in
their proper place, although separated
from the original bill, in order TO show
the difference between the spirit that &C
tuates the original" Briscoe Bill men,
and the friends ofthe present equitable law
1t will be borne in mind that the repeal
OF the amendments is the question now
before the people, and is the one now ad
vocated and agitaIed by the McNutt wing
of locofocoism.
Although no lawyer, VIC think we can
substantially explain the difference be
tween the two. The immediate effect OF
the enactment Of the original Briscoe
bIII mo law, wUuld nave ueen 10 al
once ertinguish all the debts due the banks,
leaving the innocen, creditors. note-hold
ers, &C., WITHOUT ANY REMEDY Whatever
Thus the loraIy Bank Debtor, and there
are probably hundreds in the Safe, who
have obtained immense sums from these
institutions, and who are now revealing
in luxury and affluence upon the pro,
ceeds OF property bought by this very
money, at a par valuation, would have
been forever released from payment, and,
as natural consequence, the assets OF
the banks would become utterly worth
less, thus depriving the hard working
mechanic, laborer, &C., who had been
paid for months, perhaps for years OF Ia
borious toll and application, in this depre'
ciated currency, Of any remedy-and
even deprived Of the opportunity Of OBJ
tanning any division Of the meagre assets
that might be left.
:. The amendments are Of entirely diff
ferent nature. They direc, that when 9
Judgment Of forfeiture shall have beer
rendered ngains, any bank or corporation
that tho debtors shall not be released
r from the payment Of their debts and liza
bililes,-but that the books and assets o
such bank or corporation, shall be place.
in the hands OF trustees, empow cred tc
r collect all debts due the same, and dspos,
y of all property belonging to the same,
and then that the proceeds, il any, when
realized, shall be faithfully applied TO tn,
}. payment OF the debts OF such bank Of
). corporation.
: The Wings have, with characteristic
pertinacity, opposed the abominable doc
!. trines inculcated in the original bill, with
+ but few exceptions, and j, was owing tc
i their unceasing vigilance, in conjunction
with the moro honorable and enlightened
E Of their opponents IN the legislature, thai
the act now in force beca me the law oil
/. the land,
To the repeal Of these salu'ary amend.
ments the efforts OF locofocoism are now
] directed. Will the people of Mississippi
sanction the monstrous doctrine that the
mere declaration Of tho forfeiture OF a
bank charter shall operate as full and
E complete releasement Of all bank debtors?
Will thOy consent,o ltgislatc few bloat.
led nabobs out Of their just indebtedness,
and disregard the appeals Of thousands to
whom this bank paper has bOen passed
; of at part And BY whom has it been
thrust upon their SsndSt By these very