I have given the several objections made by Governor McNutt and Senator Davis to the payment of these bonds, with one exception. This will be found in the following extract from the executive message of Governor McNutt, (p. 502): 'The bank, I have been informed, has hypothecated these bonds, and borrowed money upon them of the Baron Rothschild; the blood of Judas and Shylock flows in his veins, and he unites the qualities of both his countrymen. He has mortgages on the silver mines of Mexico and the quicksilver mines of Spain. He has advanced money to the Sublime Porte, and taken as security a mortgage upon the holy city of Jerusalem, and the sepulchre of our Saviour. It is for the people to say, whether he shall have a mortgage upon our cotton fields and make serfs of our children.' I trust the baron will have the good sense to smile at such folly, and realize how universally, at least throughout the North, the malice and dishonesty of these suggestions was condemned and repudiated. We have no such prejudices, worthy only of the dark ages, against 'God's chosen people,' 'the descendants of the patriarchs and prophets,' and the 'countrywomen of the mother of our Lord.' But this whole question has been twice unanimously decided by the highest judicial tribunal of Mississippi against the State, and every point made by Governor McNutt and Jefferson Davis overruled by the court. One of these decisions was in January term, 1842, more than seven years before the date of Jefferson Davis's letters, and the other was at April term, 1853, nearly four years subsequently. The first decision, at January term, 1842, is in the case of Campbell et al. _v._ Mississippi Union Bank (6 Howard 625 to 683). In this case it was pleaded 'that the charter of the Mississippi Union Bank was not enacted and passed by the Legislature in compliance with the provisions of the Constitution of the State, in this, that the supplemental act of 15th February, 1838, the same being a law to raise a loan of money on the credit of the State, was not published and submitted to the succeeding Legislature, according to the provisions of the Constitution in 9th section, 7th article.' Here the direct constitutional question was presented, requiring the decision of the Court. The case was most elaborately argued on both sides. The able and upright circuit judge, Hon. B. Harris, had decided that the supplemental act was constitutional, and the bonds valid, and the High Court of Errors and Appeals of Mississippi, after full argument on both sides, unanimously affirmed that decision. In delivering the opinion of this highest judicial tribunal of the State, and the one designated by the Legislature in 1833, under the _mandatory_ clause of the Constitution, Chief Justice Sharkey said: