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Post Notes. Gov. McNutt deserves the
gratitude of the people of Mississippi. A
bill lately passed the Legislature author-
zing the Union Bank to issue post notes
to the amount Of sir miIlihns, payable
twelve months after date and bearing
not less than five nor more than six per
cent interest. The bill was vetoed by the
Governor, and it was again passed in the
House o. Representatives by a constltu
tional majority, but failed in the Senate,
a majority of that body concurring in the
views avowed in the veto.


When banks seek the privilege of issu-
ing paper on time, VIC are constrained to
believe they are rotton, or are driven to
the measure by the temporary insolvency
of the community in which they are loca-
ted. The best remedy for either evil is
an adhesion to the law, and the obser-
vance of the obligation of contracts.
This seems to be the opinion of the Gov
ernor.-Louisrille ADJ.