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gna bill passed conformabe the constitution, that
are bound under pay the bonds To this reply that if
the bonds issued under the original BILL as loan 70 the
stockholders upon the required that such proposition
could be tolerated. but that they issued under the supple
mental bill and in conformity with its requirements and in
direct violation of the requirements of the original bill
charter hatthe bonds must abide directing
them be issued and be to all nen and purposes null and
void


is further insisted by bond payers that although the
constitution may have been violated the bonds void. and
the under legal liability that she nevertheless
morally bound to pay them Because she has received
the money And IDLY Because the legislature four agents
have their Legislative capacity directed be DONE and
the Govawor has sanctioned their act


AS the first proposition. that the State have received
the money deny the fact assumed unless be made
appear that the bank the State and there would be but le
of honor and dignity in that


The bonds were directed to be issued in violation of the
constitution they issued in violation OF the constitution
handed the bank in violation OF the CONSTITUTIONS


sold BY the agents of the bank the money Tor which
they sold paid the agents of the bank and
by her used for State purposes but as the funds OF the
bagk -, g.
stock ofthe State reply that the State had stock The
subscription for stock by the Governor to the amount OF So
100000 agreeable the provision OF the supplemental bill
was dee Of The pubc filth and credit that
and direct conflict with that clause OF the constitution
quotedb by me- and therefore unconstitutional and void


The supplemental bill it will DC remembered was never


submitted to the people Of the State or reenaced by the legs
lature.


To assume hat the officers agents of the bank were
agents Of for the negotiation ofhe bonds OF the
rents of Ire State to sell the bonds and receive and
late the proceeds thereof issued direct violation OF
the constitution and necessary consequence rod, when
issued, IS suprenely absurd


That Legislature of the State with the concurrence OF
the Governor may violation of the constitution pledge
the faith Of SIS 10000 and that by the aPPoint
of persons whom the bonds shall be gwen there sale
Of the same and receipt of the money by them the OBJ
legation 10 paw on the part of the State fixed and a
by legal created is surely proposition TOO
absurd to require comment


seconlI, Ii Is said that morally bound, be
cause the legislature and Governor have directed to be done
and they agents


This confess is a doctrine to me. had supposed
that first obligation of to obey project ana
defend the constitution the State but this day of excited
and danger ntuaon the rule IS reversed and we are
told that honesty demansthat the honor and dgni
~ o the State lemands-hat should ample under foot
the constitution of the sustain the wul vIolaors
theeothat we should abide by the of public
wants. although should be the destruction of the constu
ton.


For OF what use would the constitution be2 In what
manner would protect the rights of the people were tins
rule establshedl


further insisted upon that although the legislature
violated the constitution IN the passage oil the sup
lemental BILL that subsequent legislature ratified and
sanctioned the act and that this binds the people hat IS
that legislature passes act IN violation OF me cons
ton it is void il legislatures violate the constitution
It is valid.


This sentlemen is worse than sophistry-csabish this
doctrine you destroy hc value he security and the per-
maneney Unconstitutional government


In view OF all the facts therefore, am clearly Of opinion
highest duty OF the citizens Of the State of AissIs
sippi which they themselves. and their postery to
repudiate those bonds.


Respectfully.


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