The Yazoo City weekly Whig. (Yazoo City, Miss.) 18??-1855, 1854-04-14

they would possess these advantages Owe
tss present state of affairs In the frs
place, they would drive out those foreign
issues upon thlt well defined principles
chat no two bodies can occudy the same
space at one time" Secondly, the specie
would be compelled to remain in the State
for wherever the Banks are thither vii
the specie be also, for it cannot be denied
that our State exports would control the
precious metals. Thirdly. they would be-
ofimmense service in assisting to delray
the expenses of our government. And by
way OF depression, Nc wo Ii here remark
that there is no law upon our statutes upon
which the people look with such suspi.
cious eye as they do upon our revenue laws
for two very important reasons one is that
every man is interested; the other is the
only law that is rigidly executed.
Another instance of popular disregard 81
Legislative authority is your usury. Cot
ton Hook, and Temperance acts, which is
nothing more nor less than a mockery Of
law. But the strangest instance of al il
not the most unparalleled on record re-
mains yet to told. 1t will be remember
ed that some twelve or fourteen years ago.
the Legislature passed a law Incorporating,
the Union Bank; that law was so framed as
to render the State liable for the bonds
sold on account of chat Bank. The facts OF
the case are as follows: The Constitution OF
the State goes on to say that there shall be
a Legislative department, and goes on to de-
fine its powers. And that there shall be
ajudicial department, and to define its pow
ers, which is to expound the laws passed
by the Legislative department, to keep them
within their constitutional limits, It then
goes on to establish an executive DEPART
ment, whose duty it is too see that the laws
passed by the first and decided by the Sc
cond shall be executed by the last. And
what is the history of this transaction?-
Why, that our present Chief Executive
boldly arrayed himself before the people in
opposition to both the other constitutional
departments, the latter sustaining tie form
mer, positively ayering that he would use
lif elected) his peculiar prerogatiYe, the
veto, in defiance of both the other co-orSi-
nate departments of the government. The
result was, the people sustained him, and
not one member of the first named branch
but was compelled to sit as mute as a stat
ue as though his conscience had been scar
ed with an hot iron, whenever the question
was limited at. What is still more remark
able, every officer of every department o.
the government, in presence of high heav-
en- took an oath not to support the people
but the constitution. So much then for the
constitution and SO much for the people.
We are now through with this branch of
the subject, and shall proceed to the exam
ination of another, viz: That great bug
Bear" the celebrated .sWreck of matter
and crush ofworlds, of 1886 and '37. which
is dextrously employed by political dema-
gogues to brighten old women, whether clad
In ''breeches' or petticoats. 1t comes un-
der the head of that famous class of ssscare-
crows" tenomiRated startling deyelope-
ments. . So far as that argument goes. BY
the slightest reflection il will be seen. in
stead OF its being an argument against, it is |
one of the most potent reasons in favor ofour
lSt. 1t was flush times
then. Cd. There is no brute that walks the
earth, in the full enjoyment of the ordinary
faculties with which nature has endowed |
it, that could be driven into the same ditch
into which he had once fallen And GER
tainly, by purity of reasoning, there is no
sane man who would deny but that the
bump OF caution was as we'll developed up-
on man as upon brute. Thus it is that
these breakers would stand out as SO many
warning voices, to flee from wrath to
come" Thirdly: those stumbling blocks |
have been removed by the increase of gold
fourfold, as the following table will show,
which is an extract from Hunts Merchants
Magazine. purporting to be taken from the
Railroad record:
Years. Bank notes, Cola. ProDord ne
1916 S87,0O0,o0a 100000 to
1890 100000 10000, 600 to /
1886 11O,O00,OO0 100000 IL to
1853 153.O00,000 al, 100000
It will be seen by the table above that
ince Mississippi was admitted into the Union
he gain ofcoin upon Bank notes in circula-
ion has been as III is to /. It now ex-
leeds it Ito of dollar And we have
very reason to believe by the time Missis-
ippi has advanced as far in the future as
he has from the past, that coin will exceed Il
he notes at least to /. while another re-
lafkaoIe laet Is presented by ngureS, VIZ:
That Bank notes have in the last seventeen Z
ears, increased only $4,000. 600, some s
hing under So. 600. 900 per annum, while 8
'oin has increased $113. 600, 600, at the I
ate Of Sc, 647, 088 per annum; thus increas-
lg over notes 81 to one. And this pro- S
igious revolution has taken since 1881 (
hese are the facts that have enabled every i
tate in the Union to recover their exhaust q
energies whose interests were equally a
hooked with those of Mississippi. These o
re The facts that account wreck. viz: during O
lie six years previous, Bank Notes increased Il
the rates of SIC, 900, 900, while coin In b