The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-04-25


To read the wing papers, one might think that the
New York senators who resigned their seats had been
guilty of fragrant breach OF duty, whereas was TO pre-
Vent The nui,fcahoa Of the constitution that they re-
signed There was no other mode lett by which the
wings could be prevented from overriding the supreme
law Of the State their eager desire TO throw some nine
millions OF dollars TO the gamblers OF !he SOCK exchange
Had the democratic senators mol resigned. they would
have made themselves Infamous There are enough lick.
sptes calling themselves democrats, who attend what
acetousy called Union meetings where ihey Az ~
come with the very who were foremost IN blow
ing up the abolition fame but who now being III power
very anxious TO put out the hre mat may consume
themselves Let us thank Heaven that Inc New DIX de,
mocracy have among them who are mol 70 De
by wing swndleIs inundated by wing lyIants w {
have not the slightest doubt Of the people OF New YORK
supporting the democratic senators who nave preferred
principle Office aud who acted in the last resort IN The
only way that lett prevent the State constitution
om being rendered OF less value than the parchment on
which II is engrosssd. Il, g.
OF New York it is provided that no Stale debt shall be
contracted, Tor some special purposes, without the
law authorizing having first been submitted 70 the Peo-
pie al some general election for their approval or reJec-
lion Now The bill for creating debt oil nine millions
OF dollars only violates this provision OF the constr
tuition, but also sells aside other provisions bearing directly
upon the canal policy OF the Stale OF New York II is
pretended by the advocates oil The bill authorizing me
nine ilion loan that their conduct is constitutional bul
that they can borrow money Tor STATE purpose WHOM
creating State debt SHOW such doctrine VIII be look.
ed upon in London and Amsterdam, where The great
money kings SIT in the receipt oil customs IKE so
many Augustus Caesars, causing all the world 10 Dc lax
ed-remans 10 be seen and their views Will be looked
for with ordinary interest To ult seems that II me
plan had succeeded, lar as carrying through the oi
and borrowing the money are concerned and Inc invest,
ment had turned oul badly. the people OF New YORK
would have been justified in refusing to pay the debt
A great deal OF oboquy was incurred by The State OF
Mississippi in consequence OF her refusal to pay debt
illegally contaced-t being ASSUMED by certain class OF
people lha matter how much wrong may be perpe-
aed by States agent, the State itself must pay the debt
thus made All the regulations and laws made by
| tn
the least It just such another act as that in the
Mississippi case thai the wings OF New York were anx.
ous TO carry out in defiance OF all The PROVISIONS OF the
constitution which the members OF the Legislature had
sworn 10 uphold. By resgnng their seals, the demo.
cratic senators have thrown the whole matter into the
hands Of the people, where it properly belongs II The
people sustain Them Then the loan cannot be contracted,
if capitalists should be SO unwise as to take II IN
any other If they shall not be sustained the legs.
alure pass the law that has occasoned The trouble
through its introduction, and the moDeyed world Will
have the matter in its hands, with the prospect OF seeing
magnificent specimen OF what it's members would call
reputation, but which disnteesed men will designate as
an act OF mere Justice. -
il should be recoIleced that while the nine-m million
oan in OF the triumph OF the illegal and dlsordery
party will pass into the hands OF great capitalists IN the
rsi instance will not remain there, bnt VIII DC scat
tered stock among people who wish to make perma.
nent Investments and then we shall be told that It will
be very hard measure TO them. seeing that they pnr-
chased good faith, moi to pay the debt II debt II can be
called. This is just what said in the case OF the
Mississippi bonds, and had plausible look at the Isl
sight but the obvious reply would be- as il was when
the Mississippi affair was under discussion, that mea
should know what they purchased and ascertain the
seller ability give god title TO what he sells. Men
who should take The New York stock, after the warn.
ings they have received would deserve pretty harsh
lesson to make them look after their interests We yield
TO none in maintaining the position that the faith OF
State should be observed bat is not in the power OF
any government, to pledge the faith OF State without
observing all the forms that the laws and the consu-
ton of State require to be observed in matter OF
SO much importance. In this particular instance, we
know that the people OF New York have provided way
by which 10 arrive at their will in the premises, and they
owe the country and TO morality 10 give nc
quarter who have shown Their utter disregard
| law and the constitution