The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-05-25

tons which have been heaped upon the State. Those
purchased violation OF the charter of the bank. fraud
ueny, by concealng the transaction under the name Of
an indvldual may best suit those
in violation Of the the law under which the bonds
were issued and in disregard of the constitution Of Mis-
sissipp of which the law an infraction. To sustain
the credit of that ckey bank the bonds hypothe
Gated abroad for interest loans which could be
smaller amount is due for what termed Planters
Bank bonds of Mississippi These evidences of debt
well the coupons issued 70 accrung interest
receivable for State lands and has right to
sumo that they VIII not be provided for otherwise, by or
before the date al Which the whole debt becomes due.
I'VE hope to have the pleasure of laying before our
readers more detailed statement from Gen Foote, one
OF the senators from the State of Mississippi
Michigan.
ANN ARBoR, May is, 1919.
To the Editor Of The Union!
DEAR sa For the purpose OF obtaining accurate inform
a9n reahye to the Indebtedness of michigan, forwarded
TO Hon Adams auditor general Of the State, copy Of
an article recently published in the London Times au
LEFT Washington havs now The honor 10 enclose 10 yon
MS reply 70 my note accompanying the extract lake the
rom recent number OF the WatchloWer, an able demo
cratic Journal published at Adrian, in this State These,
asy OF the statement as to the amount of the Indebtedness
OF this STATE bur TO show that the impuaon
dishonoable iepudiaon IS as Unjust as ii is iibe raj
am, sir, very respectfully, your obeuiept servant.
AUDITOR GENERALS OFFICE,
Lansing (Mlch) May y lS49.
DEAR have just received your note of the sod, u
enclosing an extract from the London Times of February
ties "repadatlng states'' Sc That some years ago
State not to be denied but aa could Ipp ever
be justly said to have been guilty of "repudiaton am
now almost might say, Quite overcome the pecinlary
or financial embarrassmen,s caused by our wild internal
Of the United States Bank and Morris Canal Company in
lo4O and a. Including stocks issued to railroad cornpa-
now outstanding about 100000 of bonds OF this State,
every dollar of which she paying the interest regu-
fnnded about 100000 in internal Improvement
rants. Tor The Paysat Of interest On which provision has
charges OF "repndiaon or delaicaton now suppose
actually received the SssIsoo9 Of dive million loan
bonds audulenty sold the late United States Bank by
Company-with interest, of course, from the time of lis
cept The subec of that sale, and Of the
OF this State in Europe has been examined time and again
BY the judiciary and finance committees OF egis
and their uniform conclusion has been, that If the State
should pay the principal actually received these part.
strict justice would demand and all that any proper
OF honor' would require, Provision was made in
for receiving these partpai bonds they might be
offered in payment the indicated above and about
provision. The balance can be funded the rales
for h that and there is no
them as pnnctnay as now is upon any other portion OF
outstanding stocks.
Yours, respectfully,
JOHN J. ADAM, Auditor General.
Hon. A. FELeH, U. S. Senate Ann Arbor, Michigan.
lit due to the Detroit Bulletin 10 fepubsh its expla
nation of remark which it recently made upon th,
subject:
The information from which stated that the Wash
nRton Union had cassed Michigan a repudiating State
was derived from article which noticed in several
papers credited the Union The information sought by
the Venerable editor of that paper has, this reached
him through the medium of letter subject
auditor general, which published few days ago. and
which written the solicitation of Senator Felch
with view OF its publication In the Union."]
From the Adrian Watchower.