Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-10-23

! MIR EDITOR. Bondnen must be highly
gratled IN finding some Of lhcjr abestmcn weld.
ng their we-ued and uuoty sword, IN behalf
OF State honor II is a patriotic aud glorious ex.
erclse.
Their phianIhopc ef'l,ionS must have been
read by then fttnd' with the most exquisite
| pleasure and admiration, aud with full conylc.
ton that the Unon Bank is deeply indebted to
| their authors lor the lucid manner ~ which they
have discussed the bond question.
II is strange, yet not stranger than lrue thai
many of our highly favored citizens have not ,e
been able to see those brilliant and potent legal
and moral brains which are brought so clearly
and so beautifully to view by late bond-paynu
episters. Examine ic- instance, the following
paragraphs from late publication IN the Argus
ITO be governed by the decision Of the Courts
is to say the least, wise and patriotic, that such
| decision should be had cannot he tlisp,rfd.
hno~ing The conflicting opinions upon The sbu
jeet"
Yes, sir knowledge of the conflicting opin-
ions upon this subject Is quite sufficient to con.
vince bond payers that the State can ne sued
The fact that at least one hale orihe peope be.
Iieye that ii certain night does not exist, is proof
positive that The right does exist. VIA; good
bend payer can resist The force of such promo.
sIlion, Again
$40 levy alaA 10 pay the interest foriiciM,
would be very mpoIlHc and pnwse.n
Ay, su, indeed It would be impoltic in them io
advocate such doctrine before the election.
llut thought they we're resting lbelr case upon
depIaI that a tax would ever have to he levied
to pay the bonds, backed with their asseveration
that the present rate Of taxation is sufficien, 10
discharge all the CLAIMS against the State. Il
seems however, that was mistaken--rhat there
Is at least one amongst them vho frankly con.
Jesse, there W" reed to be an extra tax Tor thu
purpose OF paying these bonds. But to return
1t would certainly be unpoulc IN them 10 advn
cate al this time The pfoPueIy Of rails NJ the tax
IS to pay the bogds forthwith: recognising the
peoples Inability is as much as should be cyoect.
ed OF them TILL after the election. When elected
they may more safely th,ow off the mask. This
may he done so gradually and arlully that taxes
NAV be imposed upon the people under false
Lrelexl before they become awake 10 the dec.n.
ton practlsed upon them. THIS bond.payns.
non-taxing policy is designed to catch certain
species of ANIMALS of which there are none in
these parts, VIZ: lloosers, Corn.crackers and
Squat,ers-to enable their candidates Ia ride hath
hobbies, The bond and auti.buud--to pedue ,hem.
selves against voting TO RAISE the taxes for the
purpose OF paying the bonds, and YET, if elected.
10 vote to appropriate funds 10 the payment md
thereby create necessity for extra tax 10 deGay
curreat expenses.
They can resolve that the bonds shall be paid.
aud approprate what funds may arse from the
present tax towards the mamred interest. Tins
they can enable themselves to do bv d,,cha,nio,
legal State debts and delaying current eyppnsps
with Treasury notes. THIS scheme ,b,v nor.
ceVe would enable them to pay the interest IN
the Union Bonds cut OF the peoples hand eor,.
ingS eNtorttd from them by the present tax law
aud to create instead OF lhls niqOuous bank
cIam, debt about which there would he n,d,s
pute, and to pay which they could consistently
vote to increase The taxes 10 any amurpL Tn. |
CONCEIVE Is lair exposition VI tie nature pf |
lher pledge against vcuu9 To increase The tave.
lor the purpose OF paying the Uuion Bonds |
admit hai the present rate of ,aNauon Is >ulfic;.n,
to pay The interest Oh these honds, aud provided
u be all used Tor that rupo,e there Wi, he no |
necessity TO raise the IaAes on that account. and
by ISSUING Treasury notes sufficient ro, an o,b.r
demands, the present taxation may be applied 10
The bond claim: but this would be suhs,tn,,nc
new and legal deb, in place OF an uplns, and lie.
gal one which bond paying candidates tell the /
people they shall not he taxed 10 paw.
These candidates know that The Safe
would soon have to provide funds to pay The
Treasury notes, but they think this could be- done
"l'hou, difficulty; the taxes Of coorse would