Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1846-03-11
Planters Rank BopdS.

Planters Bank Bonds.
The refusal of the Legislature to provide
for the payment of the Planters Bank bonds,
can be considered in no other light than
Judgment against their vaidity-a repudi-
alton Of the pretended debt, if the phrase
is preferred. The report ofthe House COM
miltee Of ways and means, eLumerating
the liabilities of the State, and the future
demands on the treasury-recommen
the passage Of tax bill which the commit
tee estimate will yield surplus Of $500, 900
at the end of four years-makes not the
remotest allusion TO this as liability of the
State; indeed, does not say bonds once.
We observe, too, that when proposition
came up in the Senate ito authorize the
Governor to appoint an agent 10 negotiate
with the holders of the bonds as to the
time and manner of their payment" some
of those who pretend TO be most eager for
the payment of the bonds--Jehu Wall, of
Amite, 10. Matthews, and others-voted
d6dIASt It, HS lOllHGl SeHtlGihdh kluC
Duke of Tickfau, as he is called in The pl-
ney woods,) gave as a reason that g he did
not believe they ever would be paid, and
therefore"--althongh thoroughly convinc-
ed that they ought to be paid, he would
vote againstit. Whilst we cannot approve
of " his Grace's''. position as defined, nor.
praise his logic or reasoning, we much adj
mire his forecast.
We may conclude that the so-called debt
will be suffered quietly to die of, and will
only be referred to in future to turn the pc
RODS of wing lamentations over State ho-
nor" and "plighted faith" Such of rs as
believe that the tax payers of the State are
under no sort of obligations to pay these
bonds-who believe that the funded debt
system, abstraclly and particularly, is a
system of villainous fraud, corruption, and
robbery, that the only efectual remedy is
reputation, and that one of the most ines
timable privileges of free suffrage is, that
the people may vote themselves free of
such unjust bondage-may be as well
satisfied with such result, as if the le-
gislature had, in formal set phrase, re-
nounced all obligations to pay on the part
of the people. If any thing can be made
from the carcass of the old Bank, let the
fundmongers and s.ock-gamblers come in
for their share-but give them no lien on
the labor and property of honest men who
have rightfully incurred no obligations to
them.
The " Snake-bit Irishman," on the
first page, is another good 'un from the
Spirit. The Irish, like fat Fastaff, are not
only witty themselves, but the cause that
is of wit in others.
The TRIUMPH OF FREE TRADE in the Bri-
fish empire, is second in importance to no
event of the age. The !" Protective Sys.
tenn is overthrown in its stronghold
where, by its cunningly devised operations
it has long robbed labor of its reward, and
reduced it to such abjec: depths that pau
perism decimates the population, and ia
mine is staring thousands in the face
Our own country (which should have led /,
will soon follow in the establishment O
free trade. The narrow policy which would
shackle commerce, and the unjust enact
ments which impoyerish one branch of IN,
dustry to enrich another, relics of barba
rous, tyrannical times, WILSON fall before
the onward march of knowledge and en-
iiphsenment-an while Capital will no
be wronged, Labor, which makes this grea
world all that is, will recover its long
lost rights.
az BY the recent act Of the Legislature
amendatory Of the woman's law" tn
substantial principles Of the "civil law,
;r.regard to married women, are engrafte'
i our statutes. Il gives TO the ladies' tn
control Of the crops, the products Of thei
nroperty, authorizes them 70 make con
.,oc,s &c. A record Of their real and per
sonal property to be made n six months
eseI, enactnenls are honorable g the Le
aislature, and 10 the age n which We I've