New-York tribune., 1842-01-05

works could Dc completed and rendered Plodnc-
/ tlvs. Supplies OF capital h4se cseSed-ia-
works remain untisisncd-the states isll 10 Pay
int-res: ounctually; and =lnc- punctueIliy Is the
lie OF credit, th-ir credi,=ls#e exPlrlhg.
{ This error OF the St4tr> mas been aggravated py
other circumstances. To retrieve losses, they
plsae! iai!ure OF consideration want OF author.
Ity on the a5,=oi thelr agents. OF other sScs5r,
against bonds bearing a!i.ih- o-rns OF guarantees
Of public faith, znd f0r wh!ch the authorizes re-
ceived. and applied 10 pubic uses,s1lns deemed
equivalent II L snown throughout the woFld,
and TO none better tnas 10 capitalists, thatt tne 2eo
pie exercise .bso!utr con:roloVer l-gsll:!oa, snc
II Is doubted wn-ther they w!lhare The virtue 10
maintain public credit under the inconvenience
zi#of Il xalion. When We ourselves admit such ap-
prehensions can We BE- surprised Ihdtthey should
i be entertained in countries where itis maxim
that nankind must D. governed by fraud or force !
II results from the intlmacvoi our federation, ant
from the uniformity oi.our institutions, and OF ine
policy character principles, ard interests OF The
people, that hesi,ailonby one State br'ngs oIsfGsi
upon all
Another question, OF broader -copc and even
more painfi! interest, ;olio*s c!o,eiy t1a'
watch relates to maintaining tie pusilc ta!,fi.
Can governments continue to.axist that putzIu7t'ce
a, defiance and tremp!e=upon sacred obligations
! How hall they cgllect re"cnue, and enforce TIE
eavment Of duties, ta,cs and claims How coz
doct a;fairs cxac obedience, preserve ccdcr. exc
cute municipal .ju-tiee2an and how can they pro-
;ec, themselves against Injustice and aggression
from abroad sucnis t.r ordeal through which
T 4rr-rcancredit IS passing: and tr-ians and can
retain only t!r confidence i those who notwita-
standing all utavora5Ie indications. believe u1
ultimate payment OF The prnciPa! and interest OF
the debt, OF the Sraces IN the .irtue IL. people,
and in the permenence of republican institutions.
Regarding the crisis as one calling ;or a sacrl=
ice ol al party dii!er"nces, might cs.cede=thal
mSapprehensions in themselves harmless, may
no,v b. njuriousiy affecting the credit OF tnls
S,ate. since. rll.y combine with causes operating
20 ini,,rinI,slv Nevertheless. it's evident that
our etior,s for restoration must, at=easi for
mn be only Daet.ali? slccess;fi. and thai. even
# fb-v should be !jIliy 50. n- could nope for no
rtrmasent prosnerit., while many OF our sister
>ra;es shorid renlain embarrassed dsct-dted
.nd dishonerc6. Tho country. s=faliirg from
career of ligEl enterprise; and the energies NOT
;r ar nj seyprI. INT of ali fIe States. yoll,i.
aro,,sad ~ -rooain r..coI.,s.
Jjo,,.shlI ,bo a .r,,,c-i.s he a,.aLaaa1. conbin-
-, .,tr,....,l9 ~. (..ersl C;oy.,,r,reI. os
~, ,,,1,..,,;..bl, nj
1'i''' :" - :. -
FORE, observed 'silh=Tnnc3 salIs.aet'en' thaz9hs
Executive arlhories Of tac talof 4te ;1ls='li',;-
ng. net merely vaictg!ne~' N regard 10 nc pub
lie danger. but u lust AID generous spirit -
ward, the s,s,cs Whatever may have been nd. dc.
signed, the Teur.si Constitution hss been, dAting
several wears past, pEaeaeaiiy construed SO & US to
casraon The States the etle#e> Penss #estao
lshi1g ahd fnalnialE1ns Fostfna,iz,= and i"'ll.s
of cafryag on i1laa'' a'" 'a hs.'i5
and munitions OF whr l';5 ~, '',x'',l 'l's.o
nom foreign coi'nerff ana from 'ne !'u't'c a''
main, both OF whlch ~o!!d seem 10 h,ve 'reh Pro"
pcf!y ch1f55s a'lc "lsh 'ie = !.e"se =.