The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1873-11-28
tFrou, tile vicksbnrs Times.l
Moro About ISepudIntcd
Bonds.
LooIs VOL 10 the.Legislature.

4 ware" encourages me TO suggest to the
Republican parry Of Mississippi mot to
its selfconstituted dirtctors--some break.
err ahead" which the future may show that
| it were well they were looked to in time
An adroit movement by the late Legislature
is now haralded as aquielus TO the np-
prehensions, indulged by many, and not
without reason that the people Of Missis.
sippi may yet besadlled with the repudia-
ted claims on account OF the bonds issued
to to the Planters and Union Banks
70 heedl,ss man il seems plausible. Yet
the indications are that '4he end is not yet"
1t is known to all conversant with the
history Of recent agitation Of this subject,
that j: originated in communication ad-
dressed to a Memphis paper last winter,
which was repubishpd, and very strongly
endorsed ~ the organ Of the now dominant
wing q The Republican party, at the Capt.
tai. Il was predcated on The previou. ac-
tion Of the State that it had inflicted a
stain npon the honor aud reputation Of
Mississippi. Itwas further stated by this
organ, that the payment OF these bonds
was certain provided the Republican party
should remain in power, Coming from the
leading organ at the Capital, it was natural
that such an announcement should create
apprehension Of coming danger on the part
Of all who receiveahe declarations Uf the
State Press as indications Of the public
policy Of the party il processes to represent.
1t created alarm. and provoked the notice
Of the Conservative press OF the Stdts.--
Not long after, by one Of those "somer.
saults" which surprise none accustomed to
the speed with which an anxious partizan.
ship can shift It's sail to catch breeze, the
organ ate its words on this subject, and,
emulating the thief with the turkey under
his coat who raised the street with his cry
Of "stop the thief |" boldly declared that
the disturbance about the bonds was all
Democratic howl, and. in fact, that no one
advocated the payment OF them except the
Democrats. The newspaper dodge was
perfect. Those who read only one newspa-
per. and remember what they read only
while the paper is in their hands, and in
variably take the last amour cement as
conclusive, appear to have been satisHed,
and thought: up to very recent period be-
fore the nominating convention ia Septem-
Der, no one Of the parties seeking nomina-
tinns, gave TO the public any declaration of
his position on the subject, further than
was to be inferred IRON the speech Of Lieu
tenant Governor Powers, in the Senate, in
1871 against the revival Of this question,
aud the vote Of Senator Gibbs, About the
same time, against motion to indefinitely
postpone it. Pending the canvass, 1t be-
came apparent, that the assumption Of this
old claim was 'Ioad Of foIlies' which even
the strong back OF regular ticket could
not carry, and then protestations against
their payment became plenty as blackber.
RVS in summer. The "deuouement" has
been funny; and. gullible as many voters
are, il Is supposed that the thing is settled,
and no money isto be collected. II ~
And now, let me ask your readers who
can think, what is the worth OF what the
legislature have done, even though the
people ratify the proposed amendment to
the Oonstitutionf The State is liable in
law and equity for this debt, or not liable,
already. tits legal question; that must
be settled by the judiciary. Their decision
will depend upon the law and the
facts Ia the case, as the same EXISTED before
this late legislative procedure took place.
And the State is parry to the question.
No legislative resolves nor amendments 20
the constitution, now or hereafter made,
can affect this question. What mau with
head on his shoulders and brain in il,
ever supposed that mere declaration by
one party. 10 this absence fihe other, as
to his liability, could, for one moment, infu.
ence the decision Of any upright Judge or
court This Wanted amendment TO the
Constitution, therrf're, sis imply bosh, and
evidently part Of the bundholders's scheme
10 fix their case, while the victim sleeps.
Will the victim thus be luIled to sleepy
That is the question. What is the out.
look 10 the first place, long time ago.
one johnson obtained decree Of the High
Court Of Error and Appeals, against The
State, on one of these Union Bank bonds.
1t vas rendered by a court iIustrious for
its wisdom aud purity, but, nevertheless.
the members of that court we're gentlemen,
who as politicians. had prejudged the case.
The plaintiff could not get bis money, with.
out an appropriation by the Legislature
That body refused to pay the decree, in the
exercise Of their undoabted right TO refuse.