The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1903-06-22
Mississippi and Her Governor

Roosevelt and Bill Arp nave had their
say about Reputation in Mississippi, it
is but just that some one should have
something to say who knows something
about the history of that unfortunate
affair. The debt repudiated was bonds
known as the Union and Planters bank
bonds
The state had taken about five mil
lions of dollars worth of stock in these
old state banks and floated bonds to
raise the money.
These banks were badly managed and
the panic of 1897 ruined them entirely.
The wings of Mississippi led by Prentiss
opposed state banks on general princi-
pies, and charged the ruinous condition
of the nation and state to Jacksons f.
nancial policy and the administration of
affairs by the democrats. While Prentiss
did not believe in state banks, he said
that for the good name Of the state and
the protection of innocent parties who
had bought the bonds the debt should be
paid in full. At the time the bonds We're
issued about two thirds of the counties
of the state were not organized, but at
the time the question arose over paying
the bonds after the banks had failed
these newly organized counties had be-
come the dominant force in the politics
of the state. Prentiss had incurred the
hostility Of the new counties shortly
after they were organized by leading Il
fight against seating their representa-
tives and senators III the legislature.
Prenttss remained a favorits with the
old counties These new counties OBJ
iected to paying any part of the debts
of these defunct banks on the ground
that they had no part in the organiza-
ton of those banks or issuing the bonds
and besides claimed thai The whole thing
was bogus and unconstitutional Prem
tiss seemed to be in position to crush
the democratic party In Mississippi for
the democrats established those banks
and under their management the banks
were wrecked.
McNutt was an astute politician and
to save his party, no doubt, espoused the
claims of the new counties that they
were not responsible for the debt and
should not be made to pay any part of
it. There was much Jealousy between the
Old counties and the new, The old coun-
ties were peopled by highly cultured
aristocratic people; the new were set
tied rapidly by people from various parts
Of the United states and Europe; their
popula ton being cosmopolitan, they were
not much disposed 20 '.S+'l'e ~ l,ell 5l'il
Oh oeot 'heuiie" ~ ne ~ rN' NV,
aio ihVrii ga ~ "a ~, 80 NAV 1i,.ed
,7i0 nv 'i-o'o ,rt,,.a u,.a,.o mo fao-
~ a',o'i,et 9''' ,.or,,,4;rtfa,, ava whi~e
- f,,,.a,. If no>,iy,g the aeht. the
do,,,''l ra donlorod in fa~or Of rcnudia
-, ta1t wac hot ana hittar
.,O''. 1..i[,.,-' a,.,,,,..o., NO, tho cues
''o ,reat ,,olf+icjan
si'1' i''.,l'.' 9ra+ors, poino
49,. l,.ri'fa,1 ~ ea,,,,,i,,e, s,,conbant
a,.o,ae-o ,olitinion and ad-
1920, ~ ,,;,,t+T,s r,,..,r,71,ss n ra-
N0,"'e' ''l' ,.,,,...,.ti. aaa o,trerncIv
,,,.4e $780,, ~ ,d,,o.a+os If rannoia.
ui''e' .f.aa +hora haine,
''oh' nc t,,,,7rod -,
q i''"J".' eS - - 4,r-,.,,,a,. Prev
:" WI " 'i'e o7,oy +ho re.
'isS NdS - ,.,,a,,t tbe re-
.,,at,,t., e,-a ,.,,ors ~ HE life in New
o,.1a',t,e 1,bie l. +no history If the af-
e., ,.4, ,1ia nor re f,1sa +o nav
-.'ii 49, t ror, u. h1[ors
the bonds because 'ei'd'" lev Oa ~ - :
IN i1o"''oN 80 " ,,i.,.,,,s. NTi.eis.-
bonds were held ~ -Ahiei 'fDii9
sippians OF TO-DAY ARE sorry that 'he
dept was NOT pau '''t 80 ''''U
e,. ,,...4u IT, ,,.,.7 NO mart
- ~ I- ,at 49, Ne
III Ii so lai {'7 A'''" t1N''i,' .'',ls 49,
ran LOT staie 7e""'oi WI '''c 49,.
tlcket at me ti'lle ''i'".' '.''lou "t'o 49,
issue but DAVIS was deieatea oF "is
whig opponent jefferson b+NlS heNei
held a state office IN MISSISSIPPI ne WIS
a member OF both bfahcAeS Oh Co'i}'i ~
from the state Tie ram l1l 9ta, - 49,.
tor once ana was detea 10 - ~
omnibus hlii was pd999u ~ 80, -.,,+t,
extreme pro-s+aNerY l'goP'o ~ w Ioffaysa,,
opposed the roi.t co. e+a,,arr,.
DAVIS became tii0i' ,io,,,o.
or, out was ae1td'''' ~ 10y - 1,,,.,e
Gratis, led by po'q c,44l ea,,o+ -
We're both III t!'e 'i'l WI, a',ei' .oote
when the OMNIBUS on 1,,,.t- a.
Favored tne conn -,..,1'5 .hoi,. saafa
posed ~ "'f ...1@.l - mo voters
in the senate anu a 2}N2aeH ~ 80
OF MISSISSIPPI ~ rTa,>4a .a,.riad the
after a butter t9i''o.' '!-ri+.. fn, Governor
state oY d s'''''i1 - +be Irnitod
anu laws ,,,,i,, democrat pa-
STATES Se''@.'g ei., aoain until he was
WIS never i'e'' t,a,,1,,i, Iofe7,ca
secretary o. W ~ ,hioot
Alter serving Mss ~ 40 IT., c+.+as
he was again elected 10 '"o ~. ta,7r
senate and was q Hl9iii'0i ~
when the secession HloFeliiei'l 'e
our good Old if!e"u' hll -
to know who LohSilo - - ~
swer him by SAVING ne - '"9 -;
ernor Mississippi ever hau' anu II NJ
sissippi affairs had always p2eh i"f'ii-