City OF jackson,


Jannery 26, lS4l.
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To Messrs. J. s. Leabe and others:


Gentlemen-I received by the hand Of
DIR James Hagar, your note pIopounding
he following question: "Do you believe
thnt the state is Bound legally or morally
to recognise aud pay in whole or in parI,
now or hereafter, the state bonds for five
million Of dollars executed by Gov. Nc.
Mutt and delivered to the Mississippi
Union Bank, and by that institution sold
to Nicholas Biddle?n


As you require an immediate answer To
this carefully constructed question, shall
not stop to give any reasons for the an.
swer shall make.


They shall be made known 10 he peo.
pie in due tine. Then my answer IS
hat the STATE is legally, morally and hon
)rably bound, to pay said debt IN whole
or 10 part as it becomes due.