Columbus Democrat., 1841-08-07

PAYERS
|, is proposed BY YOU that the people assume the
payment of the Mississippi Tn on Bank Bonds
That they allow themselves 10 he taxed, in addition
to tler present taxes, to the amount Of eight dol
lars and rhjrty-thrte cents each, year, TO enable
their agent, in conjunction with Nicholas Bddie, 10
perfect act ol hsh-handed usurpallon, decePll on
and swndlIng,
Bonds for the sum of five millions ofdolnrs, draw
interest amounting 10 two hundred and fily thou
sand dollars year: this amounts 10 eight dollars
aud ,hrly.ihree cents 10 each taxpayer, and N
twelve years amounts To two millions, nlne hundred
and njneiy eight thousand AMI eight hundred dollars,
iapaylhg tn, inleresteach taxpayer must contribute
eight dollars and thirty three cents year; and a
the end If Twelve years, each taxpayer wiII have
paid ninety une dollars and eighty SIX cents ; and
then, 10 pav The prncplI, each taxpayer will have
10 paw one hundred aud sixty SIX dollars aud sixty
SIX ceuls more. making two hundred and sixty
SIX dollars aud fifty two cents drawn lom each vo-
Ter between the ages of twenty one and fifty wears
In making tbs calculation have supposed 80. 900
nxatle voters which is larger number than onght
,-;d,.;n, n. y,,er. ,aJy nnm.
90 ooo.,,. r.o.;lan,,ol Irn mon
notn al tie negoborng SlattS,a and many Ut onr wh
citizens illegally. and hose over fifty years OF age,
vnie aud are counted.
am aware lhat YOU will say there never viii be
, mi, ,ax eye, to raise ms moaey-tha, proper
~ win he rpsorleI Ia: and that those over fifty
,s,rs of ,c. viii have ia nav their portion. which
wtIl reduce the amount TO each man. Well, srs,
/ does il make any difference to person whether his
head or hi, pr perry be taxed 10 raise egh d,.Iars
| Ii istrue those over fifty years oI age would have
their porlion 10 bear, bul the number have cacu-
alad Will very probably embrace tie whole but
,,euld there b. few over so 900, lht reduction
from each man, portion woafd scarcely be felt
wond n,t briug lhe sum down TO less than sever
dollars lcad Der annnm.
Y,n.ax,rrt hat ,he Dpooe are hound 10 max,
,hrS- Daymenis in consequence of having legail
n4drel themselves il advance; and that, If lie,
d,I NOT inns pledge lhcnIstIves--f hev did not au
tInrise the oan--wheher The law is constitutions
or n1, thpy have bound themselves 10 pay the mo
nov by subsequently, sanctoniog The loan, wbc
Won say was done by the Legislature in recrlvin
and controlling the money. The law creating h
Bal and pedning the faith OF The Srae as securit
C,r money wach il was directed 10 borrow, 70
saw. was made IN rcl accordance with the const
tutlon; that The law, exactly as il was submitted
the people was passed hy Two legislatures; an
that, the law having been thus legally brought mi
ex;s,ence. the peope's liability was thereby ri
created. That tn. supplemental act attached 10
by the came Legislature, though never sauciont
! BY The people, being apparently detached from Il
! or,sins by a separate acliin and passage, cam
s aaec, the liability already legally Gxed upon ,hem
Ii coming to your conclusions, you lacked tie a
ss,ance Of two important lights, without which
is impossible 10 arrive at correct decision. r
Grst is, The qualilles and class of this Isw the 9th