The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-17
steamer Burned ON the Mississfppi.
MI s S s SlPPI.
Governor Humphreys' Veto OF the stay
Law.

Governor Humphreys Veto OF the Stay
Law.
The Legislature Of Mississippi lately passed what
called the Stay law decree multiplying all contracts
made under the rebel regime The Governor vetoed the
law but the Legislature passed it his Veto The
following is tho argument Of the GOVERNOR
EXECUTIVE OryoE, JACKSON, Nov. 20, 1895.
To THE Horsg REPRESENTATIVES,:
herewith return to the House OF Representatives
bill entitled "An act to molify the collection laws 0,
this State" with my 6isapproval Tie desontion and
suspension q ali the industrial and productive pursuits
Of re the and destruction OF property during four
years Of war; and the blighting Influence brought 70
bear upon the labor Of the country furnish an appeal 70
that cannot be dsrgarded treated BY them with
indifference II cannot be doubted that the generous
impulses Of the creditors " not The inferior instincts Of
gefshness win prompt them 10 eyade the coming pro-
cess of law in the adjustment Of their long outstanding
and unsettled claims and to extend to tho debtor that
Indulgence much needed IN re0rrRnging and fesns-
citans the business life OF the country But when the
powers OF government are invoked to interfere between
indulgence mercy to the may be injustice to the
other
II has ever been the policy OF our government and
also that government from which We derived our
soundcst maxims OF public policy, to encourage CON-
and trade the surest means Of stimulating in
dnstry, developing the material resources and the sgr
cultural wealth Of the country, upon which depend na
great degree all the other great interests OF society To
foster this policy laws have been enacted regulating con
tracts between individuals and enforcing compliance
with their terms
The creditor and debtor, each or The DINER,
naturally look 10 these laws for protection against the
result Of bad faith in either and the remedy guaranteed
by constitution laws for such action exercises
important influence Ia inducing the creditor 70 part WIN
his property money and the debtor In executing his
bond other evidence OF his indebtedness III either
party acts unfairly the injured party relies upon TIE law
for redress
To this END the constitution declares ha. all courts
shall be OPEN and every person ior injury done him u
his lands goods person reputation shall have remedy
~ due course aud right and Justice administered without
sale denial or delay and that the Legislature shall pass
To Qfrayn
the obi cation contracts How do these provisions
the constitution accord with the provisions Of the bin
with few immateriai exceptions, this, ali laws Tor
collection Of dcbs Ac, hereby suspended until the
lst day Of January, 1888, un, otherwne ordered BY
law 10 also declares that Ussidiioaerponos
execution shall be issued for tie sale u property
until the time aforesaid, nor shall there he any
psas Issued levied; that The provision of ths
act shall not apply TO judgments IN dst'e and In oyer
denounccs pains ana penalties upon any sheriff or other
ocer for executing any wrts IN any OF the Forbidden
cases.
the constitution d closes the doors Of the courts by
suspending the remedies that lead TO the administration
or right and justice II l. no, eufc ent 70 say that this
is merely modification OF the remedies and does not
affect the law Of tho contract nor impair its obligations
upon ns same Den ana N sas,ss ~ e ~
further suspension and thus Legislature acr Leeita
re may OIL mp and roll en these mere notifications, rs
they are termed and postpone the remedies to the emo
of tho nineteenth century 10 The utter destruction aud
sBnEia.on VI the Contract ard All I've obligations 70
impair ~ not necessary 20 annihilase Any
able delay, denial sale Of right and jusce virtually
and In eject does impair the obisasioa o. the contract
and h In violation of that portion Of the constitution
guaranteeing protection 20 the contracting parties
Tho surcst Of protecting both society and ud
vtdaas Dom Ansncial innstiops ana insolvency s 70
maintain tho hiy Of the law aud she prompt enforce
ment Of. the terms u eoutruct And the debtor WIZ
certainly 0nd his best interest ssbssrysd In fun
@ % sss - M :na o.
ssy laws'' with their sccnmuaiivn Of interest,"; court
eoet and lawyers fees.
BENJAMIN O. HUurHRTYS,
Governor OF Missss.ppi.