New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-05-11
TIL f Il X | b L \ f
uspudiation in Michigan Half the stnto
Debt thrown overheard, and the rest to
fatIOw

i,y with al act OF the ,c9uadre.ly Legislature Of
ia, State, il will bc seen tina, con. derabiy more
than iaU the Public Deb, Of the State (cycry dol
lar contracted by his own party and negotiated by
their Gov. Mason ard biz confrersD Is 10 be
swept OLA one dash, ON the pretexi that no rdfae
has been rcceiced Mcyctor--a defence winch eY-
erv other man in the community might set np IN
bar Of hs debts. Michigan has deliberately ~
CURED Debt Of over Five Millions oi Dollar, !;
bu, She allccrs that some of hcrtran-fcrate bonds
were .old ON credit, and that the bayers lave not
paid in full therefore the innocent hoiderS are to
be- swindlcs out ot thcir pay Tins IS essentially
the doctrine Of the hghwayman. whs swcars
that soo.eJody owes him a living, and he will get
il Of whom he can. Such horrible prongucy and
,illany was never before 80 impudenty bazoned
in the face ana eyes OF moral and intelligent
community.
But even th. is not the worst. Michigan pro-
claius. through her Loco-foc Governor ard Lc-
g.a;une that she will not acknowledge the Two
and third Million, Of Dollars indebtcdnc.. for
which she conieS,cdIy has received full value IN
lite h0iier' IF tie iarger amount reJud,atcd
shall surrcpdcr their b1Rds riltoutQ shad0,c OF
Jayacnt Or promise Of payment. She viii not
pay A. b. whom she coniessedy owes, until c. d.
whom She has resolved not 10 pay, snail give up
hi. claim against cr.-aud even then she will
ony pay her acknowledged Debt in whatever wild
lands, hali.madc Railroads, brush fence and cob
bic stone she may choose 10 turn out to them at
cost or valuation Surely Theft and Forgery must
blush at this horrible exhibition of shameless de-
payiiy. The inmates of the Michigan State
Prison may well di.caim all affinity with her Cow
eminent, save such as misfortune has forced upon
them Read, Americans. while your checks
crimson at the iniamy which, wherever Public
Faith is not est. must attach to the character
Of our common Country:
a Proclamation
BY IN, Ia ceiency joins :. BARRY. Gouonor and oro
hc state If Michigan.
whereas the Auditor General and State Treasurer OF the
State Of Michigan, Pursuant IN " An act provide for tie
adjustment O the five million loan" approved February
IS A. d. 1872 have made out p statement of all moneys
cpye, bv The state upon the State bonds for five million,
odOar, issued in pursuance OF An act authorizing the
loan OF not exceeding five millions OF d0lus," sp
proved March 81 l,' and upon the Staic bonds Tor t~O
hundred thousand dollars is>ued under An act author
7ug loan o one hundred thousand dollars, Tor the rie
ONhe Aegsn and Marshall Railroad Company" approved
Apu6 1888 and An act authorizing the lOaa OF sum not
exceeding hundred thousand dO.r lor the benefit 81
tie ilan and TecumSeh Railroad Company" approx.
ed April l8 and negotiated with SAID 900 loan mad
Of the interest thereon accrung 10 the first day OF july
iGil And, whereas the SAID Auditor General and state
Treasurer by saA first mentioned act directed asd pur
suani 10 The provision, OF "J1n Resolution IN relation to
lhsa uSment of tie tive million loan" approved February
IT, ti2 have made out, connection with SAID statement
an estimate OF damages sustained by the STATE, from the
failure OF the contracting pae', with whom nego
taied s4d Oans 10 pay the instruments rema Ming un !
hereTsn the said estimate oil damages, directed by
said sc first above mentoncd thsrr appears due tom The
STATE Of Michigan, the holders g bonds, the OF
Two millions three hundred OrtytwO thousand nine humid
red and Xv "a 100 dolar. And whereas the said state
uet and estimate with the result have been submitted TO
me- by ssd nrst mentioned act required, and the
found to be correct:
Therefore, John 5 Barry. Governor in and over the
STATE Michigan IN accordance with the Requirements OF
the d inst rectsd act, do hereby issue this proclana
ton Orequre the holders OF The bonds issued pursuance
9 wt acts Aforesaid TO deliver al the office OF the State
Treasurer OF the State OF Michigan, s eight hue
dfsi hy-seyen thousand aud thr;yun- 76-lCO dollars
Nhd bonds that the be cancelled, beng the
amount now outstanding for which consideration has
beeh received 10y SAID state, appears by The statement
ame>sd; or the holders, at their option NAV return the
whole amount OF sad bonds TO said Safe Treasurer, aud
h such case new bonds will be issued tor the
Of Two millions three hundred and foy.tn thou,and nne
hsred ana sixty 2l0O dollars found due as aforesaid
u hs holders OF the original bonds
ana do hereby give further nscc that upoa the return
Tue unsashed portion OF the original bonds, upon the
hle Of ne" bOns a. above st oIth the auditor genera
~ treasurer and secretary OF state under the sanction OF
~ W eh.tr INTO heSotaNon With the holders OF all OF
a.. Of tue then Outstanding. state bods such other per
peI'o.s !" may pufpoAe 10 become tue purchaser or
purchasers OF SAID bonds. 10 sell and convey satisfaction
seo Tue Railroads or other public works belonging TO The
e he hsl cost, or at alr present valuations and also
10y osn as may be necessary vi the public lands, lhal
VIZ come TIE property OF The state under the act OF Con-
Eso he tnled state granting 10 The state OF Michigan
IAN million hut that the term, and cana
suh neguiston before the becomes binding and OBJ
%y upon the state, must be submitted - and approved
p Wr legislature.
IN testimony whereof Ihave hereunto at nv hand and
49, caused Inc great seal OF the To he affixed
IS Done Al the Cay OF Detroit. The twssty.se'enth
- udy OF April, m The year OF our Lord one thousand
sI hundred and lory-tvo, and OF the independence OF
I nv a., s'as. OF america the "'y,,1!s p,ppv
RIP ELpSIoGr, Secretary OF STATE.
MAD Docs IN BRooKLYN.-La,t week mad
dos was ruadowa aud brought to a halt in Bridge
street. Another was taken in South-strect and
thrown into the East River
10 The dwelling house and barn of Capt. l..
Wentworth of Bangor, Me. were burned on the
Gih-lo.. 5000 One of the columns fell upon
md seriously though not fatally wounded young
man named Charles Lanci
u A Mr.. Bcarsc of Eddinglon. Me was shock
'ngy bruised on the 9th by the gate Of saw mill.
tie was ON top Of 1t when it was set in motion by
some one VITO was not aware OF his being there.
lie Is expected to recover.
" The large Touring and saw mills Of MesSrs.
Woodwork & kimball at Marscllcs, Ill. were
burned on the goth alt. Loss about 1920
Mess the ire wa. the result Of friction in the
cnnery--which is not probablc--it was the WORK
OF an inccudiary.
u Montreal papers Of Saturday were received
IN tins ci'y ON Monday morning by HARNDrN's
Express
=, RON RIVER of fLArE.-Capt. Collins, OF brig
rW'o"''' al ms port from Eucnos Ayrcs, March
IS. reports that the t. :. Squadron. c,,si.,;pc oc