Alexander G. McNutt
Alexander Gallatin McNutt (
January 3,
1802 -
October 22,
1848) was a
Mississippi politican that served two consecutive 2-year terms (
1838-
1842) as that state's governor, having previously served as a state senator (
1835-
1837). Gov. McNutt signed bonds that were sold by the newly state-established Union Bank of Mississippi to raise capital. In 1841, the state decided not to repay the bonds due to the high interest rates, which led to a nearly century and a half dispute with investors and their heirs that continues to the present day.