The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1870-12-01
The MongreI Rulers I'm Trouble
Because the Railroad Conn
Panies DOm't Take the
Bogus Certificates
The Rage Of the Eminent ban" Takes
the "FoTm Of a Thesis.
From the Pilot.
ExEcCTIvE DEPARTMENT
State of Mississippi.
JACKSON, Nov. 19, 187O.N


SIR: Allow me to call your attention
again to my request that your Company
| come to the assistance of the State for the
/ appreciation of the Certificates of Indebt-
ness. Your explanation In answer to my
first presentation of this subject to yoa is, 50
to understand that it leaves the Certificates
| of Indebtness. nevertheless, at the mercy OF
| combined attack of avaricious bankers and
INSCRIPTIONS politicians.
The attacks upon the legality of the Certi-
| ficates of Indebtedness constitute one form
| of the means employed tor breaking down
their currency. While the masses of the
people may be, more or less, deceived by
that shallow pretence. your Company cam
not be supposed to be imposed on by clap
trap so apparent as to be Insulting to the in
Celligence of the people who have the taxes
to pay. /, therefore, repeat my request that
your company come forward to show to the
people along the line of your road that your
great mOnied corporation has confidence in
the good faith of the State, a confidence that
once put into action will give currency,
am assured, to the Certificates, not only at
home, but abroad.
Your company cannot lose by accepting
the certificates at par in payment of tolls.
With but 100000, the total amount to be
issued, about eighty thousand dollars of
which have been already funded, the very
fact that your acceptance of it brings it at
once at par everywhere, will enable you to
working expenses. Such circulation
would be very readily passed off by the de-
mands embraced in the managem emit of
eight hundred miles of railway. But even
though part of it remains on your comDa-
ny's hands, no possible loss can accrue;
seeing that the Mississippi and 81 Tennessee
Road, the Mississippi Central Road, the
New Orleans, Jackson & Great Northern
Railroad, and the Mobile 81 Ohio Railroad
are each protected from such a contingency
by the large amount to which the State is
their creditor, an amount in the aggregate,
far exceeding the sum of the Certificates of
Indebtedness.
| need, however, take no pains+o urge
this matter upon you. \ on understand its
merits, no doubt, as well as | do. | shall,
therefore, content myself here with the
statement that | seek to bring your pledges
in the premises to the test of a practical re-
suit. So that the application of that test
shall be in evidence in time tNlguide me in
my next message to the Legislature, as to
the relations of your Company to the State
OF Mississippi, name the 18th day of next
month, on or before which a meeting of the
Presidents of the Railroads of this State,
shall be held in this city, in order that they
have an opportunity to give practical
effect to their expressions of readiness to ac-
cept the certificates of Indebtedness at par.
our failure to be present at meeting to
be held at such time as may be fixed, on or
before the day named by me, either in per-
son or by some proxy fully empowered to
act for your Company, will be held as a re-
fusal on your part &c give the support of
Company TO the appreciation of the State
credit.
l have the honor to be, sir,
Very respectfully.
j. l.. ALCORN,
Governor of Mississippi.