The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1878-02-06
Hon \. q q. Lnmur'- Reply 90
IIe Mississippi WepudImtIOm
Charge in the ". - senate.
EXTRACTS FROM HIS SPEECH ON THE Silver
QUESTION.

Charge in the u - Senate.
EXTRACTS FROM HIS SPEECH ON THE Silver
QUESTION.
A Senator, In not unklnd spirit, referred
To the State OF Mississippi as having repu-
dated her debt. Mr.. President, / have no
hope Of ever removing that impression from
the mind Of the business public no matter
how strongly l may reiterate the Oft repeat
ed explanation.
1t has passed, 1t seems, beyond the power
of correction. Al the same time / must be
permitted TO repel that statement Tho
transaction which has attached TO Mlssisslp-
pi the odium of population, Is one Ga which
that State disclamed no debt which she had
either In law or fact contracted. Nor did
her people receive one dollar from it
have not the time TO go into this matter now,
even If 1t were pertinent TO this discussion.
| will merely make one statement By the
constitution Of Mississippi az that time no
Legislature could pledge her credit Co any
body or in behalf Of anybody, individual or
corporate, except by the law Of two success
sve Legislatures and by vote In the tn-
term Of the people upon the act thus
pledging its credit. What / mean is, that
it required that any statute which loaned
the credit OF the State should first have 90
pass one Legislature, then be submitted to
the people, and, after certain fOrmalitles
piled with, passed by a second Legis-
lature. Sir, that act which has attached Co
Mississippi so long the Odium Of repudintiou.
never did pass two successive Legislatures
IL was never submitted TO the people OF Mis-
sissippt. 1t was passed by one Legislature,
executed In hot haste, and the proceeds Of
it were put In a private institution, and
never a dollar did the Treasury OF the peO-
pie Of that State receive Of the money thus
raised in violation Of her fundamental laws.
The business public, the commercial world.
had notice of this fundamental law Of the
State of Mississippi, and with that notice
was superaddcd the proclamation other EE-
ecutive forbiddng any negotiation Ia these
bonds thus uneonstitutionally issued and a.
legally executed.
Mr.. Randolph II 1 do not interrupt the
Senator think the Senator from Mississip-
vi and mYselfare not In exact agreement as
to what ! intended TO say yesterday. He
speaks now OF the Union Bank bonds. 4
was speaking of the Planters Bank bonds.
| do not care to interrupt the Senator, and
will only say that the Planters Bank bonds
were guaranteed by the constitution of the
State of Mississippi passed IN 1882; that
from 1892 TO 1852 the interest was paid upon
those bonds, and that after that by the aC-
ton of the people, which regret as much
as he, the Interest ceased 10 be paid. / said
that was practically reputation.
Mr. Lamar. Mr. President, the charge Of
reputation made against Mississippi, and
which has caused her TO be held up TO pub
lie apprehension, was not based upon her
action with reference to the Planters Bank
bonds, but wholly upon the transactions
connected with the Union Bank bonds.
Inc aHdlr OF the IlanJeTN. BANK hOu0A
which came Ditcrward Involves n different
line of considerations from which tho Senn-
atOr must excuse me now, as / wish 70 give
this subject only passing notice.
DISEASES OF THE EYE AND EAR.
nR. q. BEARD, OcuIIst ana
~ Aurist, 1A2 Canal Street,
NEW ORLEANS, LOUISIANA.
Hours from Of1O 90 $50.