The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1846-06-26
NEW LIGHT UPON THE LAW OF
MORTGAGE


MORTGAGE.
The Democratic Candidate for Govern.
or, who 90 distinguished himself a year or
two since as Lawyer, that he had a. 30
cases" on the County Cout, Dock., b,s
made a marvellous discovery on the law Of
Mortgage. At SNOW Hill, where he pro
yea himself an oyefmalch" for Govern.
or Graham, and routed that gentleman
" horse foot and dragons, (accordlpg 10
Democratic authority he earnestly main.
tanned tie very novel position, that no re.
sPohsibibie nan, or association Of men.
would have dared TO bid even one dollar at
the sale OF the Rail Road, because by so
bidding, they would have bound themselves
to pay the whole liabilities of the Road. a.
mounting IN principal and interest 10 one
mutton IF dOiidrSl lie stated that the
Hovernor night thus have purchased the
Road for a single dollar, whereas any BODY
else BY bidding enc dollar would have been
obliged to pay one million and one doiiars I
Tins was certainly bright, il this di-tin.
gulshed statesman and lawyer.
The talented young Ex Sen tor proba.
bly, supposed that the 'qqiiy Of redemption
IN the Road, was offered Tor sale (Which
was great mlsluke) and also thus who.
ever purchases an equity Of redemp,l n at
alt, Is obliged TO ply # he mortgage debt
IN addition to his bid, hlch Is certainly a
most original conception for well pracri
sed La"Se~, and viii surprise tyros m the
law, who have not been blessed with tho
distinction Of thirty County Court cases.
The Governor modestly suggested that lie
Road was sold under decree Of fotecl,..
sure, 'nr What Il would bring. +" No mat.
Ter, quoth The man u dirty cases who,
ever had bid one dutar would hive had To
pay million, and you ought to have got
The whole Road for a single dollar The
Governor idlfiy cdrtd he was "oyer
matched ia argument, and be looked llst
as If he had actually wasted $500 900 Of
he peoples money. To be sure the wick.
I'd Wings laughed at Mr.. Shepard's ridi.
,ulous bunler, some of the Democrats
smiled, While others hung ihcr heads. The
Young gentleman himself, though, thought
t a good argument, aud papablc hll, II d
by way 81 proving himself prudent, fl nv
md bold, = repeated the same thing With
.mphasl- Il Sm,thtiell aud again a. we
earn, though IN tone somcwba, subducd,
/, lll'lsborough
II, "hra tins astonishing youth was be.
ore the Supreme Court fur license, he
answered every question which
hose three cunning old gentlemen could
'ropopnd, vii they not now itt ~ IA-ir
yes IN wonder at his rapid progress in the
aw He has not only " ovcr.maIchel'
10Y. Graham, lwho has heretofore been
.eemcd a toleraule lawyer but has thrown
heir lionors nwfully in the shade. He
lat out. stripped the age. He is most too
mart to lise. Heaven grant that he be
Iot suddcuy snalched away, until sundry
mortgages may be closed by decree Of
oreclosufe. Mortgage debts at leas, will
ow be all paid BY sale under decree, to
he grca, Iny 81 a multitude If Mortgages.
% 10 addition 10 the grent glory, tins cher,
she'd young gentleman has achieved by
IL " Bill for the Relief Of the People gen.
rally, he should have some special glory
y has new law Of Mortgage.
Whenever the beauties Of Banner arc
lng IN the land, aad the " Bill for the Re.
IF Of the People rehcafsed 10 the rayish
J ears Of the " progrcssIycs, let this other
'lli for relief Of Morigages-thIs law for
Ne easy payment Of mortgage debts, by
Inch one dollar shall pay Il million, come
j for It's due share Of auJaion, The dis.
oycry and It's author are worthy of each
Their. They are sent tous for good. Let
: praise Ilrayeutar " Relief" from what.
ser quarter il comcth. -Ral Reg.