Year: 1860

On Tuesday last, these gentlemen ih pursuance of previous appointment mel In debate al this place. Though the day was oppresively warm, quite respectable audience assembled at the Presbyterian church to hear the debate. The candl, dates, though raised in this State and identified in her interest by residence from early boyhood had not before visited this section, and many of our citizens em, braced the opportunity to see them and extend to them cordial hand oi irlend' ship before the speaking commenced.

 The debate was opened by Col. John son. He occupied the stand for about two hours. Col J. presents the appearance of a good natured, companionable gentle man, who had never suffered from the cares of State and the weight of responsl- bility.

 The Col. evidently has but little experi- ence in public speaking, and evlnced on this occasion neither the skill of deba- ter or the requirements of statesman. Having edited the central organ for se- ries of years, and possessing every oppor- tunity that the heart could wish to make himself acquainted with the minutia oi State politics. the people anticipated an address from him that would both entertain and edify. But in this they were disap- pointed. His speech was sort ot re- hash of his address to the people of the State. He threw no additional light upon the topics of discussion. He was, how ever. particular to convince his audience that he was for carrying out Gov. Con- ways bank policy, which sounded much like he was trying to borrow some of his Excellency's popularity.

 When Judge Rector rose to reply to his competitor, he was greeted with rounds of applause. The sympathies of the audi ence were with him; they also beheld in him man of prepossessng appearance, we'll calculated to raise public expectation. Judge Rector showed to his audience that he was no ordinary man. As debater his style was terse, nervous and impress sive, in speech fluent, and in action ener- getic, and many in the audience that had Iuled into repose by the monotones of his competitor, were suddenly awoke into life by the fiery and impressive manner of Judge Rector, who entertained them in a most interesting speech for two hours long. We would do injustice to Judge Rector if we undertook to report his speech on this occasion, therefore we will give but syn opsis of portions of his address, in which the nuhIic feel deep solicltude

 The Judge said that he had been solici- ted to become candidate for Governor by many Democrats from various parts of the State, and that he consented to accept the position, when he ascertained the deep seated and general dissatisfaction which prevailed in the ranks of the Democratic party 10 the action of the late State Con- ventlon, in presenting his competitor as its nominee that 1t was known and well ascertained fact that his competitor was but nominee of minority that the vote of Van Buren county, which was cast un- der pretended proxy, was conceded by his competitor to be forgery and swim de, that of Benton was cast for him also, as he clearly demonstrated by a delegate who claimed thelr appointment under a meeting of thirty-five men, in which only ten or twelve participated, while the votes of delegates appointed by a mass meeting composed of some four or five hundred Democrats, held in the same county after due notice was given, were cast aside and dlsregarded, and the parties that cast the votes of Lawrence and Green ignored the instructions under which they acted Judge Rector argued that these fraudulent acts of the convention have vitiated and made void its proceedings 80 far as its &C., tion in nominating his competitor was concerned, and that the same was not binding upon the Democracy of the State, more especially as his competitor had de. clined to submit his claims to another con- venuon.

 He instanced the example of Gov Con. way, who, in lS43, was nominated by the State Convention, but the complaints against the action of the convention were loud and indignant and in difference to public opinion, Gov. Conway declined, and submitted to the call of another con- vention--an example worthy of imitation by hIs competitor who particularly profess. ed to be the humble follower of Gov Con- way. The arguments of Judge Rector were conclusive and irresistible, that the nomination of his competitor was not bind- ing on the democracy of Arkansas

 BANK PoLIcY-REAL ESTATE BANK.

 Judge Rector next expressed himself in regard to the true policy of the State for the settlement of the debts due by the State on account of the Real Estate and State Banks He regards it as advisable; first, that the next general assembly of this State empower the receiver of the as- sets of the bank to receive from the stock holders, in four annual installments, such amount or deficit as the Stale will have to pay for them on account of the bonds. He remarked that after applying the assets in the hands of the receiver, to the payment of the outstanding bonds, there will be according to an estimate made by MT. Peay, the receiver, an outstanding deficit, or loss of seventy per cent on the stock, amounting in the aggregate to one million four hundred thousand dollars, and that such stockholders who do not by October, n