{"newspaper_name": "Mississippi Democrat.", "edition": "01", "page": "p2", "byline": ""}
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"An Essay on abolishing Securities,
and making all debts debts of honor in
the State of Mississippi"


We have before us a pamphlet with the
above caption. II is written by j. }. Nc
Caughan, who was chairman of commit.
tee during the last session OF our Leglsla-
ture. which committee reported in favor OF
a petition of the citizens of Harrison CO.,
who had asked for the abolishing of all
Ia ws for the forcible adjustment of private
contracts. This pamphlet argues for
very radical measure, but il does not follow
that il would not be beneficial one, be-
cause radical. Indeed, all great reforms,
in their inception and proposing, have al
once been met with this same objection,
NOT argument. 1t is a question OF vas
consequence, and requires and demands
careful and earnest investigation. We ex
messed our opinion favorably TO 1t long
aoo. and have seen nothing and heard no
thing since, to change that opinion. I'M
credit system is the greatest curse eve
/ inflicted upon our people, and the system
of securities, its legitimate evil, Is llK
nnto it. We should rejoice to see the'


both annihilated, and cash and mems no
nor substituted instead of paper promises
j At some future time we intend more eA
! tended consideration of this SUBJECT
r Meanwhile we should be pleased to re
, ceive any remarks pro or con from our C
tizens. They have all deep interest


no discussion, and they will have TO thin