{"newspaper_name": "Mississippi Democrat.", "edition": "01", "page": "pNone", "byline": ""}
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or We publish on the first page Jeder-
son Davss leiteron tho Briscoe Bill. The
letter was published before the nominations
were made by the Convention. Mr.. Davis
loses sight OF the main argument relied up
on by some Of tho friends Of this measure.
lie confines himself 10 the abstract ques-
tion Of the right and justice Of releasing
bank debtors from their obligations, with
out word as TO the actual condition of
the broken down corporations. Men who
arc equally as disinlerested as Mr.. Davis,
and who have the best means Of knowing,
assert that the assets OF the banks are al
most entirely worthless that the effect Of
the statute as Il now stands, defended by
Mr.. Davis, will only bc TO keep alive llti-
CATION, at heavy expense to the State, for
tho benefit Of lawyers, and to support the
bank asaiBnees or trustees in luxurious in
dclcnco for years TO come, while nothing
will be realized for the creditors or note.
holders. II Is a notorious fact that ma.
jorlly Of tho debtors who are not utterly In.
solvent, have either run their property ic
Texas, or otherwise placed it beyond The
reach Of the law aud whether the circum.
stances as they actually exist do not re-
quire tho enactment Of the original bill, as
a measure Of public policy, is question to
be decided BY the wisdom Of tho Legisla-
ture, afer mature investigation.


Wo leave Tho law questions involved 10
DO decided bythose learned IN legal lore,
Wo heartily join Mr.. Davis in repudia iat-
ing, generally, tho ancient usages" and
immcmorial precedents" of the "Com-
mon Law but as these humbugs are, and
have always boon recognized as law, wo
do not clearly SEQ why their requirements
shculd 30 sot aside with respect to these
corporations, II the public interest is to be
subserved BY their enforcement, while all
Others are subject to their requirements,