Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-03-15
INDIANAPOLIS. MARCH -. I.le.
LIBELs or THE WIG frNDMoNGER


York city N the interest of the Wall street Stock
Jlbbcrs have recently contained articles grossly abu-
rive of the state ani People of Id ana. Que of
these articles. from tie Tribune, We copy below.
The publ -hsr Of the Tribune tie same individual
who, daring the Hard der canvass. published a
paper called tie ior CABIN. flied with the most
infamaus ies % relation to the Democratic Admin
i=tra,,ons 81 Jackson and IAN Barren f,brca,ed and
circulated BY abandoned wrrtehes, whose sole object
wa. to ob;lin possession OF the government for the
purpo,e Of plendcriug the people
The article IS from the Wgc6ly Tribune Of FEB.
Ie-h aud IS follows
INDIArA SwIsDLra. We have Tor some DAYS
awaited letter xpcctlng from friend IN
diauapgs - which Sc iaQ FIR dcve J9ement NJ the
Influences under winch thc action ofthe Legis-
llture has been shaped. We shall wait no longer
The Legislature has adjourned de- aud made no
prorisioa rhaerer f1r paying te prn- pai or accru-
igg ipferesfo y ftc Sf1fe DeLft ~ THIS act Indiana
has voluntarily deba-ed herself to the level of the
lowest swinder thief Oh the face Of the earth.
That do not speak harshy let facts establish.
The State debt ~ Indiana amounts to some sew
cutecn millions Of dollars, Of which small portion
say two 40 illons-was incurred taking stock
IN her own BANK, which is probably good or nearly
so Ten Millions have probably been spent ON her
various and eigantlc Works Of Internal Improve
ment whIle the balance has been lost by selling
her bonds credit 20 the Norris Canal Company
and other ins Events, or wasted through the narn-
deaee and mi-naua cement Of her dnanclcrs. Her
losses in these ways amount to some Three or -Four
Millions
This indebtedness has been incurred by many
successive Legislatures. Of continually fuctuatinr
politics. We beheve the jackson party was fore
most IN the work and we we'll recolect the time
when its organ a. Iud'auapols headed It's ticket
For .ua1ia Fan Btrca and Internal IaDrore-
peR." But this nothing. There is no prctcnce
Of party actl0n n mourning this debt On the COLI
trary, the people Of ali parties have urged on the
work. In 1857, two candidates for Governor were
run-alike IN poitics-but one in favor Of continu-
ing the enlarged, extended system of Public Works
then in progress the ether urging their class flea
ton, and the construction OF the most important
first, and so on in order. The cagdidlfe Jacorable
10 pushing me otoie system tcas eieced BIZ iarge
nGJorHg. Thus the people themselves distinctly
assumed and justified the gigantic undertaking.
But times have changed money can no longer
lie borrowed with facility; very much has been
squandered shametully; the debt has been swellcd
by interest and charges, while the money has been
so scattered that nothing has been completed
There II no revenue accruing, while the interest Of
the debt is near one million Of dollars per annum.
What is to be done The Legislature mas cut the
GOrdian Knot by resolving ict tie State DeJt go
10 The triads, principal and interest and act precise
~ as II sucd deJt erisfed. Such is substant al
the course recommended by the committee OF Ways
and Means of the House, and tacitly sanctioned by
the Legislature. We note with pride that three
members Of the committee-we trust they were all
wings who were on it--dissented from this Report
and expressed the opinion that the State viii pay
every dollar she owes
We feared some result akin to Reputation when
We learned that Loco FocOlsm had triumphed on 10
cal issues IN the election of members of the House
yet we did hope that the Wing Senate would take
pattern by Gov. Bigger, and nobly stand forth on
the side Of Honesty and Justice. But So far as We
oan learn, they tancly acquesced in the course of
the House, or at least did nothing show that they
are of a different way of thinking. so Indiana
stands before the world disgraced fallen a sefcon-
fessed bankrupt, defauter, and swindlcr-and her
Wings unlike their gallant high-hearted brethren
OF Mississippi, involved IN the general ignominy
The pretexts which this black deed has been
perpetrated are alike false and atrocous The com
mttee Of Ways and Means report that the people
will not bear tax above twenty cents on a hun
bred dollars; Of which onc-haf is required to defray
the current expenses OF the State Government aud
onc-halt To absorb gradually the outstanding Trea-
sury Notes. They dlscountcnance the idea that any
higher tax VIII ever be levied, and add
"The committee hare been soae,obot particular.
"in regard 10 ne amount II fares ,chich Il toiH be
necessary 10 fery H1 he idea If 0uerous ilrafoa
may be remored from tie minds If the people No
"thing can act inlurousy to any country, as the
'beliei that is citizens ere liable to be oppressed
'by taxation.''
We can tell these calculating gentlemen that
there l. one thing which viii operate more snllri-
Susly than high taxaton, aad that IS the ri0ii'iou
Of Public FgRb. No State or People ever vet re- on.
dated its engagements without losing twice much
as II gained by the process. considered merely as
pecuniary matter. beyond the loss Of character
What Of lofty integrity will identify himself
with State so dlsgraccd What capitalist Will
transfer ms property is sol We consider eve
~ of land IN Indiana deprecated per cent.
by this act Of shameless peridy and robbery.
The preteXt that Indiana could not bear the tax
alton necessary 10 pay the interest her debt :
most Preposterous. She has population Of Seven
Hundred Thousand ofhardy, Industrious Frecmen.
who possess property actually worth Two Hundred
Millions ofdoilars on which the annual increase IS at
least Ten Millions Of dollars. She has One Million
Head of Cattle. One Million of Sheep Two Millions
IL Hogs, raises Thirty 10 Forty Million bushels OF
Corn. SIX to Ten millions bushels Of Wheat, aud far
more Of Coarse Grains per annum. Her annual pro-
duct cannot be worth eSa than Fifty millions of Dol
lars. aud might BY energy and industry. be easily
raised 20 Seventy five even One Hundred millions.
One ffieih part of her annual product or one feaft
part OF the annual increase 81 her property or tax OF
ten per cent on Liquors, Tobacco and other perni-
cieus luxurics. would pay the interest Of her Debt
while her share Of the Land Dstr button would
steadily, and certainly ext nguish the Principal II
Is mockcry then TO say she cannot pay 1t is short
sighted dishonesty say that she will not It's the
blacklist knavery q turn round ana say to her Gre
ditors, "Gentenen. We won't pay you 4 farthing ;
but II you choose 20 take and agree 20 complete any
"of our unfinished, dllapidatcd Canals and Rail
''roads. which We have located Il suit our own pur
"poses, and MT with view L. your profit. why We
Twill sell them u yon and take your State Bonds.
(which kuavery has deprecated, in payment. ="
Surely must follow such audacious cold
hearted vIliany tins :"