The Yazoo City weekly Whig., 1853-08-12

iIqutuAk10Ass 41Rs9 uNbS PA1AAe1sp1 ~ essg
world that the Bonds we're unconstisplional
"a fraud On The people, that they had no
agency. directly or Indirectly n the matter,
and immoral on their part to acknowledge
the debt as binding upon them. !"
We clip the above morsel Of Locofoco
honesty from the Peoples Press. published
ct HcrnaudO, ID this State As othe consti-
nationality Of the Bonds, that question has
been decided By our Courts in favor Of the
bondhOlders, and is no longer debatable
question. But let as see if the people Of
Mississippi chad no agency, directly or in
directly, in the natter Il is well known
fact to every citizen Of Mississippi that mo-
tice was given in all the LocofOcO papers of
/ the State. for six months, setting forth that
the faith Of the State was pledged for the
payment Of the Bonds Of the Union Bank, :
and that every member elected to the sue
ceeding Legislature uds isstrueted by .the
people of Mississippi to sustain the char
ter of the Union Bank and urge the sale Of
the Bonds. And Gov. McNuts, the .em-
bodiment" of the Locofoco party-the man
whom tho people Of Mississippi instruct
ed through their epfesentatiyes-signed.
sealed and delivered, in accordance with
the instructions of "the people of Missis-
sippi." Ave millions Of those bonds to Com
missioners. appointed by the Lsgislasure.
who claimed TO be the representative of the
people, and these Commissioners who were
Hon E. G. Wilkinson. James G. Wilkins.
Esq, and Hon. VIM. d. Pinckard, with
much difficulty sold those bonds, and when
they returned home they were greeted with
great rejoicing By 'the people. who. By the
sale Of these bonds thought their salvation.
in pecuniary point of view, certain. Yet
We are told BY the editor of the Press. and
other LocofocO papers, that 'the people"
had no hand in creating The Union Bank
debt.
Let Us examine into the matter little.
farther On the 18th of January, 1889.
Mr.. Gordon D, Boyd, democrat, introduced
bill into the Senate afthis State, to amend
the charter Of the Union Bank, so as to
make it State Institution altogether. which
bill provided 'that the Governor should sub
scribe for 8lo,o0o0oo more. being the,
whole of the Union Bank Bonds SO as to
make it entirely a State Institution" dc.
In support of this amendment, Mr.. Boyd
said. che believed that the interests Of the
great majority of the people should be con-
suited in preference TO the few,' &c Here
We have testimony from man of the same
political faith as the editor Of the Press to
sustain our assertion. that the people had an
agency" both directly" and indirectly"
in the debt created By the sale Of the Union
Bunk Bonds And we would ask. suppose
the Union Bank had been conducted in a
proper manner, who would have been bene-
fitted in its operations in the way of divi-
dends. dc? Why the State. or the People.
most unquestionably. Yet, by the bad
management of Locofoco President and
Directory. and the insolvency Of the men to-
whom they loaned the money. the Bank
faiIed-to come up to the purposes for which
it was intended And now it is contended
Eby the LOcofoco press that 'the people had
no agency in" the creation of the Union
Bank. aa
And again. when the Union Bank went
into operation, the chief Locofoco papers Of
the State SO praised and lauded the officers
of that institution as to admit Of no doubt
as to the utility Of banking. ii this one IN.
stance particularly. = was distinctly adj
mitted and insisted By those Locofoco pa
pers. ihatthe President and Directors and
all concerned in the management Of the
Bank. were the most honest and able bank
era that ever lived. The Giles Of those pa
pers. particularly the Mississippian and
Eatchez Free Trader, will show that hey
teemed. day after day. and week after week
with the highest encomiums and the most
fulsome praises Of The President and Direc-
torsof the Union Bank Rothchilas and
Riddles and Neckars were thrown far III the
shade when compared with Governor Run
nels, Locofoco President Of the Rank The
Mississippian urged the immedis;e sale of
the remaining s K. 900. 900 Of bonds, and
eyeushe Yieksburg Sentinel withheld itsl
'dlsh aud abuse wholly nom the Ban and |
admitted that howeEeF Improper and Of evil
tendeneg The business of banking might be,
yet there was most remarkable exception
in the case Of The Union Bank And BY re-
ference 10 the files Of these papers ii will be