The Illinois free trader. (Ottawa, Ill.) 1840-1841, 1841-04-09

silic tfSG.s.
1T is wise rule, and should be fundamental
in a government disposed to cherish its credit, and
at the same time to restrain Ike use n IL tUifhHHe
limits If lis faculties, NEVER TO BORROW a DoL-
LAR WITHOUT LAYING j TANIS TnE sAME
INSTANT ron PAYING THE MtTcsf a1lnpGHg, and
the principle within gwen term; and to consider
that tax pledged to the creditors on the public
faith. Thomas JDlrson.
The writings of Thomas Jefferson abound with
many excellent prcccpts, and the extract above
quoted contains wholesome and undeniable truths,
Of which every citizen in this state, who is not
prcjudiccd by sectional feelings or bound head and
heels to considerations Of pehuriousncss, selfish
ness, and pcrfdy will freely acknowledge.
Past legislation in this State, has been exactly
the reverse of the language above quoted. Mo-
n,en.ary expedients resorted to, in every in
stance, where the Immediate necessities oithc State
demanded relief, without regard to the future well
far. or prosperity of the people. The European
market has been literally gutted with our bonds,
time aud again, and sold t6thc best advantage for
the purpose of paying interest ON former bonds
held in that country. The result now is, the
capitalists Of that country refuse further counte
nance to our bonds, unless the people, through
the legislature, manifest willingness 10 sustain
their plghted faith, ut all hazards. They watch
the movements of our legislature with intense
anxiety, and regard its movements as the will of
the people, not supposing that the most prominent
men in that body have their human frailtes as
well as the most nconslderaic, or are actuated by
selfish and ambitious motives, lacking the moral
courage to sustain any important measure, save
those which promise place and profit to them
selves, and then the Constitution itself becomes
so flexible tina; it may be turned and twisted into
any shape to suit their purposes,
The remodelling Of the Judiciary Of this State,
furnishes an example. The old system was long
in use--il was firmly cn5raitcd with the institu-
tons Of our country; and had one half the moral
courage been exercised in behalf of the credit of
the State which it required to uproot and again
plant the Judiciary, our credit would now be
placed on permanent foundation. But the
courage was lacking Aye the ints-,st # The pa
ty uOuM Be .jeopmdized five attempted 10 sustain
the honor and credit of the State by telling the
people that they must furnish the means to pay
the interest on our State debt They will let us
tamper with the Constitution-they will permit US
to ride with iron hoot over their established GUS
toms and tramplc in the dust every consideration
of honesty and prOprety if we only can avoid
touching their pockets IN q direct manner. And
have not they done this Prominent political
mcn-men whom the democratic party delighted
TO honor, and for whom they wrought much, have
been guilty of such transactions and now set with
folded arms in their ollica! robes and smile at the
distress of the people, over whose necks they have
dragged the polluted car tina, containstheir dcgra-
ded and politically annlhiated carcasses.
Every man within the limits OF the State, who
knows its true condition, must be fully convinced
that DIRECT TAXATION must be ultimately
resortcd to before permanent prosperity can again
take place. We may defer this unpleasant mea-
sure, but delay is not only impolitic but danger
Gus to the best interests of the State. Shall our
ttCut HEat NC fullcu anu allcr VIC nave suffered
all the evils consequent upon such disaster then
resort TO this measure and harrass the people with
tcn-fold severity Or will we now, with a dcc-
ded determination resolve to sustain the credit Of
our State at all hazarlsl These are important
questions for the people Of this State to decide
In order to show the Importance of stable re-
venue laws, we annex the following extract Of
letter from JogL CaAwToGn, Esa., of Georgia,
who year or Two since visited England for the
purpose Of negotiating loan ON the bonds of
Georgia, dated on the 18th of Nov. 1910:
"Tde leading object, at which The legislature of
Georgia Should noJc aim, Nth uielc 10 carry on
her public ,c0rks, is he ESTABLISHMENT or A
nIGn SLATE cREpIT and take Law 10 assure
you, from much intercourse toih capitalists, on
10th sides ofhe atlantic, thai adequate and stable
rcueaue lars are absolutely indispensable. They
hare not, and ought not 10 hare any confidence in
pledges Of baak diuidcnaS, or bank capitaL They
0pprehend that the state governments dare not tar
The people, 10 raise the means Of maintaining The
public Jaith, and therefore Mey ,cW not rely on IL.
But lei the state Of Georgia impose The requisite
tao, and such an earnest isgiren ofher honest and
reSollte purposes 10 pay her dcJts, as riA at once
dspei all DOUBTS"
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