The Yazoo Democrat. (Yazoo City, Miss.) 1844-18??, 1845-10-08
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POLITICAL
From the violsburs Sentinel,
TO JouN JENKINS ESQ.

| ~ JOAlN JENKINS Esq., aa.
Dear Sir --In my last, stated tia
in my next lelterI would undertake t.
show that the original Briscoe Bill (Which
have shown to be cOnstItutiOnal) is wise
and wholesome law, end we'll suited TO our
. republican inslitutionsp
Ia entering upon the discussion Of this subs
jeCt, ] shall assume that il is we'll settled
maxims that laws are made for the public
good and moi losuili individual cases; and
whethsE The lae be enrolled upon the sta
tuts book as the. " Lex Scnpla,n or whe-
Their il comes tOuS through the constitution,
the accumulated wisdom Of ages--as the
ltLex non ScFip,a"--it is equally binding
upon uS as the rule Of civil action,
The original Briscoe Bill which we have
seen is merely declaralory Of the common
law, (save the injunction clause) has been
assailed by bank attOrnies and bank satel-
lites, as law unjust and iniquilqus ID its
operations as relic Of baFbarOus ages, and
MOTTO be regarded by American Jurists and
Legislators as a rule of action.
And why is the Briscoe Law so op.
posed? Is it because it will iniure The
community No! 1t is because il will
Iniure bank stockholders, bank officers
and bank attornies. II will turn them out
Of their gaudy palaces 10 seek livelihood
by the sweat Of The brow. Who that obeys
the laws is afraid to nave them executed
Il is tho crimin4l that breads the halter. -
It is these sOulless corporations, the banks,
that have been spreading blight and mill.
dew over The land for The last ten years
bankrupiIng the people and corrupliDg the
body p0linc--tbat dread the Briscoe Bill,
They have been warned and entreateG
to stop in their mad career. The Legis-
Ialure has passed laws after laws for their
relief But they have all been disregarded;
until finally the people have arisen, in the
majesty Of their power, and demanded that
the laws shall be obeyed and enforced, and
the banks receive the punishment due To-
their crimes--which is forfeiture Of chatter
and all corporate franchises,
But, says the anti, BriScoe man, il can
neither DO polite nor just 70 enforce COM
mon law forfeiture, which p reysrsion Of
estate and extiRguishment Of debts, against
these banks, because the banks, when they
contracted with the state. did not think Of
the penalty the common law produced
against their misdeeds. No! Neither does
The murderer, when he takes the life Of his
unsuspeciing victim fot the purpose Of gain,
Ihlnk Of the penalties of the law, Ii he
does he hopes by some subterfngo TO escape
The penalty, Az the banks hope TO escape
The consequences Of the Briscoe Bill by
Judge Guion's amendments Bat they can
not escaPe-POpular indignation has been
aroused: Aud you may Ss well undertake
10 stop the waters Of the mighty Niagara,
Dr. the Sun its course, as to stop the current
hat is setting in favor Of the original Bris-
zoe Bill. Let The consequences be what
hey may, the people are determined to
'nforcs the penalties Of the laws against
hese banks, in manner that shall be a
yaGniUg to all officers 10 time 10 como q
But say the bank men, there is Al least a
moral Obligation resting upon the bank
ebloFs to pay the bank creditors. II there
) any moral obligation resting uI on The 2
,ank. debtors, il only remains with them TO 9
Jay as their constituencies may dictate, For
judicial forfeiture once declared, all legal ?
bligaliens are at an end. Now lot US look
little into The history and operation Of :
hese banks, end I think we shall find thai 9
here is not even moral obligation rest
upon bank debtors to pGy. Il is well 1
nova that BY the charters Of the banks Of
bic state, the banks were allowed to issue q
hree dollars Of paper Tor every dollar Of D
lock paid la. But the banks disregarding a
heir charters and toe laWs.of the land, is =
oOd three OF four times as much paper as y
heir charters allowed when even the stock Il
re paid ia; and il was often the case that o.
here were only nominal payments Of stock. Y
'hue the country was oveFrua with 40 if- q .
edeemable paper currency. Property al g
nee assumed hncluating value--some
VeIYe OF tiiteen'tImos above lis real value 70
Ne poor ihboteF, who wished to purchase C
little farm for himself add family, had to e
" fifteen times G6 much ao Il was worth. g
Ie seeks the bank for aid-pTedicaies bic 70
"a upon bis little homettsad and be little e
wing from honest Industry. The crash e
mos-propefty assumes is real value &c
ain The bank demands hof debls- o.
Iss-takes from the honest idbOreF hls 1T s
} dOmicil; and turns bic family upon the .
Id ch1rilies otIhs WoTd-his debt not yet -
le tenth paid4his properly gOue--dhd be %
Undod BY ne banks asan immoral man na
be cFsaIluis5to0 Oflheso banks must be ID
"a. The fich lead holders and spscula- "
70, Who SOUght the oPPolluhiiy which ~