The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1873-10-09
Facts to be Considered.

large sums were borrowed tor the dement,
Of the Planters and Union bank, Qong
since defunct, for which the faith of the
State was pledged, or rather pretended
to be pledged When the interest COM
menced falling due, the people refused TO
recognize these claims, or to be held
bound for their payment, on the sufficient
ground that the Constitution and laws of
the State had been violated by the agents
in borrowing the money; that the said
laws set forth the only conditions on
which their faith could be pledged, and
were notification to all the world that CD
legations entered into in their name on
other conditions would not be binding.
For the sake of a large gain the pur-
chasers of the bonds took the risk and
could have nobody else to blame but
themselves for any loss that might incur.
They were advised to look to the corpora
tons for whose benefit the money was
borrowed, for its return.
The people had consigned the subject
of the payment of these pretended claims
to the grave where it had slept quietly
for twenty-five years before the COM
mencement Of the Carpet-Bag regime.
Immediately after this unhappy event,
the holders of the Repudiated Bonds
large sums meantime having passed for
trifing considerations into other hands,
renewed the clamor for their payment.
They sent agents into the State for
tilted with several hundred thou
sands of bribe-money to procure
from the Legislature and Exec
utive recognition of the claims. These
corruptionists approached Gov. Alcorn
and were repealed. He vacated the Fix
ecutive chair and his successor, Gov.
Powers, was sounded, with like result.
Powers lad become q citizen of the State
and was permanently identified with her
people, and realized the injustice of the
pretended claim on the present population
and set his face against it. His defeat,
therefore, was deemed a necessity by the
Bondholders' ring, of which there is rea-
son to believe Butler, of Massachusetts,
is member, The fact that he has been
discovered writing letter Of inquiry con.
corning ''the debt has corroboratad the
report. Who so we'll calculated as
his hopeful son-in-law, Ames, to carry
out their plans? The thought was Gun.
ningly conceived. Powers, who is nc
less Republican than Ames and infinite
ly his superior in craftsmanship, was
thrown aside and the former was taken
up as u candidate for Governor.
True enough the Rabble Convention
that gave Ames the nomination avowed
opposition to the payment of the Bonds.
But what power had that body over the
incoming Legislature and will its empty
pledges avail against the hundreds of thou
sands Of money which the Bondholders are
determined to use in procuring a recogni,
! ton of the so-called claim What will ii
avail with the judiciary which Ames will
make it his first business to install, and
before which suit agains. the State will
be instituted And what do Ames' own
pledges amount to, when it is considered
that he is not Il citizen Of the State that
he holds her people in abhorrence-an
fit only TO be villifed and oppressed and
robbed by such adventures as himself?
Will he not plead that it is question for
the Courts and not for the Executive of
the State to decide?
If the taxpayers cannot see in this
chain of circumstances a deep-laid plot of
the holders of the Repudiated Bonds to
obtain a mortgage on the labor and pro-
perty of the State for generations to come,
they would not believe, though one were
to rise from the dead.