Southern standard. [volume] (Columbus, Miss.) 1851-1856, 1853-04-23


L Be IL resolved By the legislature Of he STATE 81
Mississippi, That it is the sense of thislegislatufc
that the character the standing and the true glo'
nv Of the State depend upon the sacred involabii-
ty of its engagements, and they therefore repudi-
ate the Recommendation contained in the message
of the Executive not to pay the bonds of the
State. =,
2. Be It further resolved, that the State will
fully recognize and acknowledge her obligation to
pay the bonds of the State, amounting to i've pIl-
lions Of dollars, sold in 1843 to N. Biddle, Esq,
and viii if the same shall become necessary by
failure on the part of the Mississippi Union
Bank to provide for Them make every exertIon
to provide for the payment of both principal and
interest as the same may become due.
| g Resolved That the State of Mississippi is
bound to the holders of the bonds of the State of
Mississippi, issued and sold on account of the
Planters and Mississippi Union Banks, for the
full amount of the principal and interest due there
on.
Resolved, That the State of Mississippi wiH
paw her bonds, and preserve her faith inviolate.
q ReSoLued, That the insinuation that the State
of Mississippi would repudiate her bonds and vIo-
late her pighted faith is calumny upon the justice
honor and dignity of the State
These resolutions came up in the House on the
9th of January.
The first resolution was passed by the decided
vote of SO to so. The second clearly car
red in the affirmative that the ages and noes were
not called for. The third resolution was carried
by a vote of 48 to "a. House Jour. 324 to
329.
The Senate when the House resolutions were
considered, Jour- 314 divided the question.upon
the first and adopted it, so far relates to the
Planters Bank Bonds unanimously so far as
relates to the Union bonds, it passed by the
heavy majority of 90 to 10. The vote upon the
adoption of the second House resolution (that
Mississippi aouL pay her bonds, &C.. was ayes
90 nays not given-there could have been but
one nays, and it was probably unanimous vote.
The Third House resolution was also adopted
unanimously.
Both sets of resolutions, then, were adopted
by heavy, overwhelming majortes of both Hou-
ses"
Is this being followed by the Legislature p
&c Call you this backing of your friends 2? Is not
my assertion made TRUE no matter what was
done afterwards that the Governors views of the
case was ignored by the Legislature? 1.-THE Leg
islature took afterwards different view of it, it
only contradcted its own word-the report of its
committee in 1889, and its explicit and deliberate
actin l841. But did it contradict itself in 1842?
| did not see from the published laws and resolu
tons of that year that they did. The following
are the Resolutions of Reputation published in
the printed laws:
I%tytStuGuFG
Mississippi, That the highest duty of a republican
State is the preservation of its written Constitu
ton.
I That the power of taxation citizens and
! property within this State, so far the has
been delegated to the Federal Government, is an
attribute of sovereignty residing only in the legs
latIve department of the government of this State.
/ 3. That this department, under the Constitution,
is the exclusive judge of the objects for which
mo CHI ho nd Cd m IT,
thority in this State.
4. That the Legislature of this State have no
rghtful authority to levy appropriate money for
the purpose of eXecuting the object of law deem
ed by them repugnant to, or unauthorized by,
the Constitution of this State or of the United
States.
5. That the act approved February / 5. 1888,
entitled an act supplementary to an act to incor-
porate the subscribers Of the Mississippi Union
Bank, whereby the Governor was authorised and
required to subscribe for, in behalf of this State
fifty thousand shares of the stock of the original
capital of the said bank, the same to be paid for
out of the proceeds of the State bonds, to be exc
cuted to said bank as already provided for in said
charter, and repeating much of the original
charter as confcted with said supplementary act
was fundamental change of said original charter
passed contrary to the letter and spirit of the con-
stitution of the State and~adopted without the as
sent of her citizens as required thereby
6, That the bonds of the State of Mississippi
for five millions of dollars, issued under said sup
Elementary acts, without reference thereof to the
people, or compliance by the stockholders of said
bank with the terms of said original act of incorpo
ration, delivered to said bank, and by it sold to n
Bidde, on the Eighteenth day of August eighteen
hundred and thirty eight, are not binding upon her
citizens, AMI cannot be paid by this State while
the forms of its present constitution remain.
Z. That his Excclency, the Governor be- and
is hereby, authorised and required by proca-
nation publish according to law to forbid the sale
of the bonds ofthe State ofMssssippi, for FIVE mil
lions ofdoars, now remaining in said Drank, rthe
hypothecation of the by said bank, its officers
or agents, or the assignees of them.
Approved February &c, A. D. 1912
See Session act of 1842, page 262. find no
such resolution as the one published by the Mis-
sssippian contained in the acts-the journals have
not before Doubtlessit was passed by the
lower house, but it may not have been concurred
in by the Senate. l would infer as much from
its not being published with the other resolutions
in the printed laws. In one thing however. I
quite agree with the MSsissippian-and too say.
that whether the Governor followed by any
body or no body, does not and cannot effect the
argument. The sole enquiry is, was the charter
violated in the sale of the Bonds? This nterrog-
atory fatter myself have sufficiently answer
! ed.
At the conclusion of the piece / am threatened
with g at least fifty additional reason and
am sufficiently reminded of the popularity of Gov