Pope was "an ally of Andrew Jackson who would later serve as territorial governor in Arkansas", an important connection for Lacy.
Lacy served with Townsend Dickinson in the constitutional convention of 1836 and was elected one of the first judges of the state supreme court.
[3] In 1842, Lacy wrote a decision in a case that sparked political controversy, described as follows: On April 2nd of that year, the Real Estate Bank, a corporation under the patronage of the state and one of the numerous fiascos of that age of wildcat banking, was compelled to make an assignment.
When the legislature met many of the members were bent upon impeachment, but Mr. Pike, who had drawn the assignment, thwarted them in an adroit way.
The opinion in this case is a very able one, and had great weight in establishing the doctrine that an insolvent corporation may make an assignment with preferences.