New-York daily tribune., 1842-07-19

rense OF collecting said tax, with the debt. will
amour, 10 100000 which viii require a tax Of
800 per cent. Deduct 30 per cent from the cost
Of the aforesaid place, under a forced sale, and it
reduces it TO $l400-ihe tax amounts TO 1925. to
which add the expense Of q foreclosure, and YOU
have absorbed the whole amount. That this is the
condition of many of our citizens in larger small
er amounts is beyond question-all OF which must
be involved in general ruin The income of these
widows, orphans, and laboring persons, j. barely
enough TO paw the interest with their other expeu-
ses, all under the srictest economy. in the event
Of more favorable circumstances they might be
able to redeem their mortgaged estate but under
the necessity of paying these Bonds il must all be
sacrificed, and whether the money is paid down,
or the interest on the Bonds, involves the same
cipie-one by slow, and the other by quick
consumption. Now contrast the condition Of these
poor laborcrs, widows and orphans, with the rich
bond-bolders ard widows. who were the voluntary
purchasers Of these Bonds at the moderate dis
count Of from 20 to 40 per cent. with scmi-an-
nual interest OF whose necessity did these bond
holders avail themselves Perhaps of the Rail
road Company who endorsed these Bonds, that the
money-grindcrs might be more secure, for it seems
they were not quite satisfied with the drawers.
Now, sir are we to be branded as thieves and
pickpockets because few spectators in Rail
road and City Bends have not made quite as much
money as they expected, and il has become matter
Of doubt whether the majority is quite As osulpo-
tent as these ayaricious bondsoders fondly ex-
pec,ed? Would it rot have been well for them
TO inquire whether it was morally right for the
Agents Of said city to issue said bonds Such an
inquiry might have mad something to do with the
tender conscicnccs of these Goihanltes and might
have been bar to their anticipated profits. Your
correspondeut innuires whether there would have
been any question had the stock paid splendid de
vdends There would have been no need OF maxi
ing this inquiry. II drawer of Bond is in sousd
and solvent state, there is no necessity OF call
ing on an endorser. And ii this endorsement had
been illegally ohtnined there would be no need ot
testing ih- question, for the drawer would be com
PEELED to make payment. 50 inihs case the draw
crs not being legally authorized to i'5uc Bonds
tie vcndcrs and endorsers, ilso Railroad Ccmpan-
nv being in Il sound condition. wcad have to pro-
vide for these Bond, as they became due. | would
81, from ,uch friend, as would shave my paper
from 20 to 40 pci cent. good Lord deliver me
1t vii be wei, Mr.. Editor, to say something in
regard 70 the manner in which this stock in the
Railroad was Obtained, ior which these We're -
sued First bg representations highly colorcd,
ard from the unstable population Of Bridgeport at
that time. j, bcius manufacturing psce, o course
It's population consisting IN part of such rs had
no permanent residence, bound here by no strong
q ,lc- than present employ and Immediate inter
c,t-ma,erial, under our free suiirage principle
easy To be wrought upon with the promise OF high
wages ard steady employ. And this accounts IN
I trt for tie apparent change Of sentiment: the
real estate holders remaining and with the same
.ntimcnls, with few exceptions Such $ and
has Deen our condition; minoritys nights set at
defiance and uamplcd ulder foot by Railroad
COMPANY. The character OF lis citizens was as
and fair as the fairest, previous to
this Railroad project. And now are we to be
branded by this Railroad Company or these bond
holders as thieves and pickpockers Uor the VIII
ter is clearly seen through the disguise he wears.)
! our property to be wrested irsn us without orr
conse. and are We to be elected from o"r houses
and thrown ponnylcss upon The f""der hlercics o'
these shaving bond-holdors 1t would be wei Tor
I'm, writer to look at the character of New-Eng-
land and know that it has been rendered ilusirlcus
hv lis strict adherence to Justice and a stern re-
.isiance to all oppression and usurpatlon. lhey
have been always Jealous of their rights and we
trust they always will. Did our fathers resist the
oppressive acts Of the parliament OF Great Buiain
70 surrender it into the hands of an irresponsible
mob or ma ioriiy No. trust the minority have
rights which have not nor ever will be surrendered
so long as we bear the name of fRsFMEN. We
wish our fellow-ctizens through this wide extend
ed Republic to be acquainted with our character
and motives |, is from injustice and u.urpatioa
We appeal to the Laws OF our Country, and II Is
by them we expect to have our rights sustained
Nov if YOU would consider the city as having
SOUL and in that capacity hold her As city respon-
sible. believe she would surrender ali her effects
fua lasg
honorable. CITIZEN GF BRIDGEPORT.
worthy OF record that the Mayor, who was appoint
ed Agent 10 sign or this Railroad Stock, reused D'cause
le tlrsught "a Illegal ana unjust worthy hnight must now
be found and whs ftdug the chlvalroos ill-Neh
kpoNn in the history Of the Bridgeport Bank ana others