The Illinois free trader and LaSalle County commercial advertiser. [volume] (Ottawa, Ill.) 1841-1843, 1842-11-11


and are Interchangeable, however much
their protested advocates may be changed;
that Democracy now was Democracy then;
and that the measures of the present Adj
ministration are based upon It's principles.
Repadia,ioa of .hc Debi Of the State I'ank'
Because the collectors of our State rev. !
enue will take State Bank paper at par,
whilst the State owes the Bank, the wing
papers of this State charge them with re-
Duiiaiion, word and an idea we aboml-
nate in every sense you try 1t. we are
a democrat and advocate democratic prln-
ciples, which imply equal and exact JUS
tee to all men and punctual tulhllment
of al! homes, obligations between man and
man. We are no repudiator and Will
advocate population in no shape whether
directly or indirectly, by bank suspen-
sion law, two-thirds law or stay law
of any kind. We go against every inter-
ference with contracts and would ever
consider them sacred and solemn. Does
the State owe the State Bank, let II pay
her every dollar and, particularly, before
she makes formal move against her.
Because the Bank has repudidteI her
honest obligations, it is no reason that the
State should hers. Two wrongs can new
err make right. Let us not, then, be
called repuIiator after this, though we
Justify the non-reception OF State Bank
paper for taxes. For we would as soon
be called an advocate of bauk-suspenslon
laws, or stay laws or even of stealing as
an advocate for reputation.
Let us, then, look at the matter. We
will suppose the State taxes every man a
dollar. If this be paid in specie, then the
tax bears equally on all and every man
pays exactly the TAX levied upon him and
the State realizes jus. the amount she cal
culated upon. The people know what
they pay and she knows what she gets.
Now, supposing Bank paper is TAKEN
what is the consequence! Does every
man who is taxed dollar pay dollar.
1t will not be so contended eXceptby him
who gives a silver dollar or its equivalent
| for paper dollar, when the money can
b? bought at all prices, even as low as
thirty cents. Thus, while one man pays
one dollar, another will pay three quar-
ters, another one half, &c, and yet all
are taxed equally. Is there any fairness
in this! The collectors can buy State
Bank paper at so cents and then go about
specializing, telling Messrs. A, B, and g,
if YOU will give mo so calts. | will pay
your dollar tax. Thus he makes twenty
f cents, the tax payer fifty cents, and, pro-
f badly, the State loses that amount. Now,
our State is poor, much poorer than any
I Of our citizens; and, if a speculation is tc
be made, we say let the State have the
, benefit Of it. Our State is overwhelming
ly in debt and she must get out by some
honorable means. There are no bankrup
= laws to relieve her, as there are to relieve
= private citizen. Now, supposing tho
| Safe orders 52GG, 600 revenue collected
t and that amount in State Bank paper /:
y taken. is there a revenue Of 100000, OF
f less than 100000? Any child can an
j swer his. But, says one, the State owc'
o tie Bank and must pay her. All this We
s grant. Aad the bcs: way to enahie th'
g State % 10 /. is to take good money an'
with it 70 buy up he Bank paper to pay
1 her, and this can be done at less than 81
cents to the dollar. Quite a fine specula
e ton, ard why not tie State, poor AM
oppressed as she is, have the advaniag
. Of it as we'll as brokers', bankers and non
i. resident taxpayers! We cannot see
0 The Bank having already rpudiated he
!. debts and the last Legislature having lie
.e galzed such Repatriation, we can see II
n reason why she or her friends should thu
y. taunt the State with an act which she la
# no idea Of committing and which W
:. would consider disgracelul in the extreme
y. Before the Legislature ever winds up tn
y. Banl; or even inlorieres with it, we thin
s. and we sincerely hope it will pay it II
s. last farthingi and we know that this CT
of Of reputation is all a humbug, 90: up
,e deceive, bewilder ard beray the peopl
N Party is at the bottom Of the whole OF
H. Chicago Democrat.
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