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ne people oil the stale when slate ard individual credit W.
highest oenbe the hersefto participate enterprise


ed Profitable and advantageous For bonds the mon
y actually received the and of the kind requl
iu o e act OF the Legislature authorsng their issuance
and sale


Inc prosperity that existed the time of the issuance of the
oons me state TO the Planters Bank continued until 1887
10 The spng 1887 ae suspension specie payments by
ne oahas hrougout the United States took place. dark
m ha cloud hung upon the monetary affairs OF the whole
ouhy affecting peculiarly the credit and circulation OF the


e mississippi la this exgency the Governor of the
'Fehd ne Legislature take council of each other to
"a should be done the fearully threaten
s W prosperity OF our and devise the best means of
furnishing to the people sound circulating medium. This
legislature after consideration determined upon the


Oh q bank predicated upon the landed interest Of the


ana to enable the citizens subscribing for the stock, to


Tue means OF putting the bank operation, agreed to Is
sue ue oohdS otthe for fifteen millions FIVE hundred thou
~ uoaS and loan them to the bank Acting upon this de-


naon the Legislature passed the charerng The AIis
are in these words.


he q further enacted That in order to facilitate the
Oni0n Bank for the said loan offifeen million FIVE hun
dollars the faith ofths state hereby pledged


" 0 ofthe capital and interest and that seven


nse nunuteo bonds of two thousand dollars each to
- s1sn s.1 INJURED and seventy five, payable in twelve
- iuiue Gu and seventy6ve in fifteen years
egneen hundred and seventy in wears and e;o
teen hundred and seventy-fve in twenty vsr I'D = h
interest at the rate of five per cent per annn 10 -
ed by the governor of the state the order &c ~
Union Bank, counersigned by the state tra.s 5 Pr
he seal of the sate said bonds to be in the foown or
viz "oius
$4,000


Know all by these presents, that the state of
Union Bank in the of thousand dollars which spr