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Editorial
February 19, 1839
Marshall County Republican
Holly Springs, Marshall County, Mississippi
What is this article about?
Editorial in the Republican criticizes Governor McNutt's message for opposing all banks, predicting ruin for Mississippi's citizens and contradicting Democratic support for state banks. Defends Union Bank and ex-Governor Runnels against party attacks, warning of division.
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For the Republican
GOV. McNUTT'S MESSAGE
This document is highly eulogized by the democratic press, and, in truth, well written, and contains much reprehensible matter; but how the democratic papers can sustain his bank views as las to divine cannot conceive that any intelligent disinterested individual, after giving them an attentive perusal, can come to any other conclusion, than that he opposes all banks, and is willing to see the charters taken from any bank in the State, although ruin would be the inevitable result. It is true he is in favor of well-conducted State Banks; but it is also true that he says every bank in the State has forfeited its charter and that the charters should be taken away from all such as have forfeited them.
What would be the result, at this time, of such a measure? What but ruin to much the larger portion of the citizens of the State. The democratic Party as I understand it, are opposed to a U.S. Bank, but in favor of State banks and, in truth it has only been by presenting to the people State Banks as a substitute that they have been enabled thus far to sustain the doubtful contest during which we have been charged with opposition to all banks, which we have steadily denied; and, so far as regards a large portion of our party, with truth. In what predicament, then, does our nominee for the Gubernatorial Chair, place us in assuming the grounds he has in his message. By giving him our support, we endorse his bank notions, and subject our party to the charge of insincerity in our former professions, which will result in our defeat, horse, foot and dragoons? It is, then, a matter of grave import, for the consideration of the democratic party of the State.
His Excellency's message, taken in connexion with previous and subsequent movements by those who seem to be his bosom friends, aims a fatal blow at individuals as well as Banks. The head of the Union Bank, seems in something to have offended, probably in entertaining opposite bank views, or in hard-earned and well deserved popularity, or most probably in both; for which that veteran of democracy, after having fought its battles in Mississippi from his infancy until he has grown gray in its service is now to be mustered out of its ranks by the upstart politicians of but yesterday. He whose name has not only been a tower of strength to the Democracy of the State. Vain effort, gentlemen, lay not the flattering unction to your souls. Shielded by the democracy of Mississippi, your shafts will fall harmless at his feet.
Much ingenuity has been used in the attack upon ex-Governor Runnels; first, insinuations were thrown out, that it was not improbable that he would be the Whig candidate for Governor; next by the attack of Governor McNutt, in his message, upon the course pursued by the Union Bank in recognising the sale of the State Bonds, the Bank charging usurious interest, and failing to locate the branches, dealing in cotton, and in refusing to permit the Bank Commissioners to examine the affairs of the Bank; next letters, written by whom I know not, charging Gov. Runnels with a desertion of his party mysterious comment, by newspaper editors, and their adjuncts, aiming by dark insinuations to familiarize the minds of the people to a charge which they will ultimately make after reconnoitering; if not too severely repulsed in the onset, which they have not the moral courage and magnanimity to make at the threshold.
From the course taken with Gov. Runnels, we may reasonably suppose band of muster-masters is regularly organized to muster out of service all those who do not acknowledge His Excellency and the Bank Commissioners to be the pure Democracy.
MARSHALL.
GOV. McNUTT'S MESSAGE
This document is highly eulogized by the democratic press, and, in truth, well written, and contains much reprehensible matter; but how the democratic papers can sustain his bank views as las to divine cannot conceive that any intelligent disinterested individual, after giving them an attentive perusal, can come to any other conclusion, than that he opposes all banks, and is willing to see the charters taken from any bank in the State, although ruin would be the inevitable result. It is true he is in favor of well-conducted State Banks; but it is also true that he says every bank in the State has forfeited its charter and that the charters should be taken away from all such as have forfeited them.
What would be the result, at this time, of such a measure? What but ruin to much the larger portion of the citizens of the State. The democratic Party as I understand it, are opposed to a U.S. Bank, but in favor of State banks and, in truth it has only been by presenting to the people State Banks as a substitute that they have been enabled thus far to sustain the doubtful contest during which we have been charged with opposition to all banks, which we have steadily denied; and, so far as regards a large portion of our party, with truth. In what predicament, then, does our nominee for the Gubernatorial Chair, place us in assuming the grounds he has in his message. By giving him our support, we endorse his bank notions, and subject our party to the charge of insincerity in our former professions, which will result in our defeat, horse, foot and dragoons? It is, then, a matter of grave import, for the consideration of the democratic party of the State.
His Excellency's message, taken in connexion with previous and subsequent movements by those who seem to be his bosom friends, aims a fatal blow at individuals as well as Banks. The head of the Union Bank, seems in something to have offended, probably in entertaining opposite bank views, or in hard-earned and well deserved popularity, or most probably in both; for which that veteran of democracy, after having fought its battles in Mississippi from his infancy until he has grown gray in its service is now to be mustered out of its ranks by the upstart politicians of but yesterday. He whose name has not only been a tower of strength to the Democracy of the State. Vain effort, gentlemen, lay not the flattering unction to your souls. Shielded by the democracy of Mississippi, your shafts will fall harmless at his feet.
Much ingenuity has been used in the attack upon ex-Governor Runnels; first, insinuations were thrown out, that it was not improbable that he would be the Whig candidate for Governor; next by the attack of Governor McNutt, in his message, upon the course pursued by the Union Bank in recognising the sale of the State Bonds, the Bank charging usurious interest, and failing to locate the branches, dealing in cotton, and in refusing to permit the Bank Commissioners to examine the affairs of the Bank; next letters, written by whom I know not, charging Gov. Runnels with a desertion of his party mysterious comment, by newspaper editors, and their adjuncts, aiming by dark insinuations to familiarize the minds of the people to a charge which they will ultimately make after reconnoitering; if not too severely repulsed in the onset, which they have not the moral courage and magnanimity to make at the threshold.
From the course taken with Gov. Runnels, we may reasonably suppose band of muster-masters is regularly organized to muster out of service all those who do not acknowledge His Excellency and the Bank Commissioners to be the pure Democracy.
MARSHALL.
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
State Banks
Bank Charters
Democratic Party
Mcnutt Message
Runnels Defense
Mississippi Politics
What entities or persons were involved?
Gov. Mcnutt
Union Bank
Ex Governor Runnels
Democratic Party
Bank Commissioners
Editorial Details
Primary Topic
Criticism Of Governor Mcnutt's Anti Bank Stance
Stance / Tone
Strongly Critical Of Mcnutt And Supportive Of State Banks And Party Veterans
Key Figures
Gov. Mcnutt
Union Bank
Ex Governor Runnels
Democratic Party
Bank Commissioners
Key Arguments
Mcnutt's Message Opposes All Banks And Calls For Revoking Charters, Leading To Ruin.
Democrats Support State Banks As Alternative To U.S. Bank.
Supporting Mcnutt Endorses Anti Bank Views, Risking Party Defeat.
Attacks On Union Bank Head And Runnels Aim To Purge Dissenters From Party.