the party press with reference to the banks-The

banking system of the State-Review of the better

system under the Territorial government--Early his-

tory of Banking in the State--Effect of long loans-

Extract from the Report of the Bank Commissioners

-Second and final suspension-Executive war upon

the Union Bank: p. 80 to 90.

CHAPTER VIII. A. D. 1839--Attack upon the validity

of the sale of the Union Bank Bonds, by the governor

-Defence of the same by a joint committee of the

Legislature-Complaint of the Executive that the

Union Bank had refused to be examined, had issued

post notes and failed to establish branches-Defence

and justification by the joint committee-Continued

popularity of the Union Bank with the Democracy-

Singular Minority Report of Mr. H. S. Foote-De-

claration of governor McNutt in favor of State banks

-his hints of the effects of forfeitares of charters-

his acknowledgment of the liability of the State on

the Planters' Bank Bonds: p. 91 to 102.

CHAPTER IX. A. D. 1839-State finances-confusion

in the books of the Treasurer's office-defection of

tax collectors-defalcation of Auditor Mallory-Cor-

respondence of the Executive and the President of

the Brandon Bank-Letter to the Cashier of the

Planters' bank and denial of the governor that be

wished to embarrass that institution-Difficulties about

the public printing-Defalcation of the Auctioneers-

First passage and approval of bills to issue $6,000,000

more of State Stocks-Scarcity of the printed laws

and Executive recommendation to adopt "Pray's

Code"-Indian outbreaks-Military matters-The gal-

lon law-Further acts of incorporation-Railroads-

Revenue acts-Loan of the Union Bank to the State--

Executive Contingent Fund-Act to imprison public

defaulters: p. 102 to 114.

CHAPTER X. A. D. 1839-Transfer of the State Stock

in the Planters' Bank to the Mississippi Railroad

Company-Minor "Remedies for the Times"-Posi-

tion and conduct of the Bar of the State-Attempts

to prejudice a community against the bar, as a elass,

an indication of tyranny-Abolition of Imprisonment

for Debt-the "Women's Law"-Protest of Judge

Gholson and others against the transfer of the State

Stock in the Planters' Bank--Veto message of Mr.

McNutt: p. 114 to 125.

CHAPTER XI. A. D. 1840-Second term of office of
governor McNutt-Acts for the exclusive benefit of
the debtor interest-constant opposition thereto by the
Whig party-Governor's message of 1840-Execu-
tive testimony that great distress still existed, and that
the State had lost "character and credit"-broaching

693

97

of the doctrine that the interest of the few should be

sacrificed to that of the many-Denunciation of a cer-

tain class of creditors-Increase of suits-Unpopu-

larity of the Federal Court with "the Rule"-Break-

ing up of various terms of the courts by the resigna-

tion of Sheriffs and Coroners, and the neglect of the

former to summon juries, &c.-Irregularity in the re-

cords of the courts-Executive attack upon the High

and Chancery Courts-Wretched state of the govern-

ment finances-Defection of Assessors-Repudiation

"casts its shadow before"-The Executive, having

shown the miserable condition of the finances, de-

clares itself opposed to an increase of taxes to meet

the emergency: p. 125 to 135.

CHAPTER XII. A. D. 1840-Expiration and forced con-

tinuance of the Act to appoint Bank Commissioners-

Executive statement of mismanagement of the Union

Bank-State of the currency-Executive attack upon

the Union Bank, and acknowledgment of the liabili-

ty of the State upon her bonds-First glimmering of

"Briscoism"-Executive advice to abrogate all laws

making it penal to forge bank paper-Dr. Hagan, his

newspaper and bank commissionership-his attack

upon certain individuals-Agricultural Bank debt to

the United States government-Encouragement to

the debtors to that bank not to pay up--continuation

of the "bank war:" p. 135 to 148.

CHAPTER XIII. A. D. 1840--Attack of Dr. Hagan on

the U. S. District Attorney contradicted by Legisla-

tive committees--Attacks of Dr. Hagan upon the

Senate--Resolution offered in that body to bring him

before it--Opposition to the Federal Court--R. J.

Walker's agency at Washington in the matter of the

Agricultural Bank--Formal denial of the Executive

charges against the High Court by Judges Sharkey

and Trotter--The right to repeal bank charters urged

by the governor--support of that doctrine by Mr.

Upton Miller of the Senate--sarcasm upon the same

by Mr. Graves of the House--Act to prevent banks

from assigning their assets to pay their debis, and

authorizing the governor to declare forfeiture of cor-

porate privileges by proclamation--"Remedies for the

times"--valuation act, a relief measure--extension of

six months in the collection of debts by giving a term

to plead--abrogation of special terms of the courts--

interference with the Federal Court-Recommen-

dation to Congress to pass the Sub Treasury bill and

censure of Senator Henderson for voting against it:

p. 149 to 160.

CHAPTER XIV. A. D. 1840--Internal Improvement
scheme abandoned and Congress solicited to grant all
the government lands in the State to carry it out--The

project to raise $6,000,000 by State bonds abandoned

--assigned and true cause therefor-Fears of the

Legislature that Congress might assume the debts of

the States--Act to repeal the charter of the Brandon

Bank--Failure of the attempt to repeal a part of the

Union Bank charter-Election of State Directors of

the Union Bank--Executive vetoes--The State Trea-

sury entirely empty--no means of meeting the per

diem allowance of members of the Legislature--re-

commendation of the committee of Ways and Means

that the members and officers shall return to their

homes--proposition to borrow of the banks to pay the

Legislature--"The Rule," unable to raise money to

pay the debts of the State, are ready for the coup de

main of Repudiation: p. 160 to 169.

CHAPTER XV. A. D. 1841--Preparation of the public

mind for the doctrine of Repudiation--Message of

Gov. McNutt in favor of that course-Conduct of the

Executive opposed by the Legislature--Anti-Repudia-

ting Resolutions carried in both Houses by large ma-

jorities--Executive array of legal quibbles against the

payment of the bonds and contempt of the Legisla-

ture therefor--Mr. McNutt's incompetency as a fi-

nancier--his encouragement to the people not to pay

the bonds, and not to elect representatives who will

lay a tax for that purpose, or tax-collectors who will

collect it--Attempt to make the Planters' Bank pay

the bonds after the State stock in it was transferred--

Proclamation of forfeiture against the Union Bank-

impotence of the same and foolishness of the Execu-

tive in attempting to enforce it--Second attack upon

the High Court--Severe resolutions against the gov-

ernor--Repudiation put forward as a democratic mea-

sure in order to counteract the effect of the Presiden-

tial election of 1840: p. 169 to 187.

CHAPTER XVI. A. D. 1841--Executive and Legisla-

tive disagreement upon the bond question--Special

message of governor McNutt, denying the charge of

proclaiming the State not bound to pay the Planters'

Bank bonds--Governor's "Review and Defence" of

his own course in relation to bonds and banks, review-

ed-insufficient reasons given by him for signing the

original and supplemental Union Bank charters-his

abuse of the bond_holders-Repudiation defined-

"Remedies for the Times"-funding of the State war-

rants-Universal bungling of "the Democratic Rule"

in matters of finance, currency and credit: p. 187 to

198.

CHAPTER XVII. A. D. 1841-2-Revenue-Defalca-
tions, domestic debt, &c.-Extravagance of the gov-
ernment-public printing-manœuvre by which the
printing was retained by the democratic party in the

face of the law--the "Contingent Fund"-"leg treasur

ers"-speculating tax collectors-tax list extended-

"Remedies for the Times"-Legislation for the debtor

interest-Interference with judgment liens-exemp-

tion of property from execution-repeal of laws re

quiring sheriffs sales to be advertised-Carelessness

and confusion in the Acts of 1841-Repeal of the

bank Act of 1837-Resolutions in relation to the ta-

riff-More Railroad Companies chartered-Assump-

tion of governor McNutt that the bonds would not

be paid, in his correspondence with certain bond hold-

ers, in the face of the bond paying Resolutions of

both Houses-Extracts from that correspondence-

comments thereupon-celebrated letter to Hope &

Co.-Protest of a coupon of the State for $50-Offi-

cial insult to the bond holders in the Legislative Jour-

nals-"Appeals to the People" on the bond question-

Neglect of duty by the public officers-Cramped state

of the Treasury-Individual immorality an effect of

immoral Legislation-A new Court, in which to try

State causes exclusively, and particularly the bond

question, recommended by the Executive-Executive

declaration that the Planters' Bank is not bound for

the bonds-denial of Union Bank stock having been

transferred to the State-Loss of the State by banks-

greater loss by Repudiation: p. 198 to 217.

CHAPTER XVIII. A. D. 1842-3-Administration of

governor Tucker-Disagreement of the McNutt and

Tucker factions-Mr. Tucker's summary of the ad-

ministrations of his predecessor-confusion of the

State's finances-charges of losses, extravagance, pro-

digality, &c.-Detriment to the true interests of the

State by violent party measures-Subserviency of the

State to the National Government-Repudiating Re-

solutions-Party capital made by appeals to the

pockets of the people-Gov. Tucker's abuse of those
who oppose the Repudiation of the Union Bank
bonds-Trifling with the character and fame of the

State by party politicians-Tyranny of the leading Re-

pudiators-"Radical" and "Half way" Repudiation-

Advocacy by the Executive of paying the Planters'
Bank bonds-Mr. Tucker's merits as a constitutional

lawyer-his opinion of his profession-judged by his

own rules-Gordon D. Boyd's "constitutional" oppo-

sition to the payment of the Planters' Bank bonds-

his opinion of National Law-The "Briscoe bill"-

protest against it in the House-its contemplated mis-

chief arrested by the amendment of the Senate-

Progress of Legislation for the debtor interest exclu-

sively: p. 217 to 233.

CHAPTER XIX. A. D. 1842-3-History of the Tucker
Administration continued--Defalcation of R. S.

Graves, State Treasurer-Disturbance in the ranks

of "the Rule" thereby created-criminations and re-

criminations-Review of the controversy-Economi-

cal and patriotic disposition of Mr. Graves-Bad mar-

agement by the State officers, tax collectors, &c.-loss

of the State thereby-Ignorance of statesmanship and

desperate expedients in finance of the administration

-the public printing-extravagance therein-Fur-

ther depression of the tone of public morals-the "ne-

gro pleas"-sales of land for taxes-fraudulent pur-

chases of the same favored by Legislation-Bad et-

fects upon the people of bad government-Fruitless

attempts of the Executive to urge provision for pay-

ing the Planters' Bank bonds-the progress of Repu-

diation onward-Executive recommendation to cut

down the salaries of the Judges: p. 233 to 253.

CHAPTER XX. A. D. 1844-First administration of

governor Brown-Prevalence of the Tucker school

of politics and "half way" repudiation-no improve-

ment in the character and credit of State or people-

Progress of Executive and Legislative usurpation of

the Judicial power-advocacy of settling judicial ques-

tions at the ballot box by the democratic press-

pledges on legal questions required of judicial can-

didates by the Debtor Interest-Attempts of the press

to gag the courts and bring the judges into contempt

with the people-extracts from the State paper-pro-

gress of the WAR UPON THE JUDICIARY-Subserviency

of the Executive to the "ballot box" method of settling

judicial questions-Retrospect of the public life of Mr.

Brown-solicitation of certain democrats to his Ex-

cellency to become a candidate for Judge-Futile at-

tempts of the Executive to provide for paying the

Planters' Bank bonds-silent contempt of the Legis-

ture for those efforts-Pernicious effect of the Repu-

diating Resolutions-their demoralizing tendency-

general disposition of "the Rule" to repudiate all

debts-Illustration in the Senate of the low tone of

public morals-effects of the laws to relieve debtors

at the expense of creditors-Further attempts to re-

duce judicial salaries-effect of that movement upon

the Chancery Court-high character of that tribunal-

further opposition to the Federal Courts-Enactment

to prevent judgments against the State from being

paid out of the Treasury-Veto message of governor

Brown: p. 253 to 268.

CHAPTER XXI. A. D. 1846-7-Message of the gov-
ernor in '46-Refutation of the statement therein that
the State had a specie currency-Low_condition of
the credit of the State and people, the effect of Repu-
diation and Briscoism-Scheme of abolishing all laws
for the collection of security debts-Political issues