New-York daily tribune., 1842-07-19
The Bridseps-, neutrality-suspicious.


In your paper of the l2th inst. | observe piece
headed Republication of Bridgeport Bonds The
writer Of that article, | should think, had been
brought up under puritanic influences; but those
influences mad not softened, but had their harden
inc influence on him. Instance his prayer to ms
Sulphuric Majesty Undoubtedly these are some
OF the finished strokes of scholar, fresh from the
school of moral philosophy. The writer seems 10
he well acquainted with morals, and has deep
sense of right 1t would seem with him there
were no rights but those of the Bondholder.
Some Of these honest bond-holdcrs with whom
perhaps the writer above alluded TO has some al
fnty purchased the Bonds al - cents on the
dsllar and if common fame be correct at 90 cents
They undsubtcdly had no view to the gain, ior the
more gain the more conscience; and conscience
purchased by filthy lucre has a remarkable quality
of contracting and distending to suit the present
emergencies. 1t is very easy matter to aPpcer
ignorant on a subject, and then examine witnesses
and proceed to the argument, and then TO Judge
rent This writer saws make no defence other
tina that the stock is Improbable. This has not
been our defence; and from the knowledge the
writer seems to have, we believe that he kn0Ts
that is not our defence Our defence Is that the
majority of city have righ, to bind a minority
to take stock in Stock Company, and that Com
pany without the city limits. This minority en-
tered its protest on the State Bonds, and have at
all times said that the of the city were lille
eal. and so Informed some of the bond-holders be-
fore and after the purchase. 1t would be no mat
fer of surprise if the writer of Repusia,ion of
Bridgeport Bonds well apprissd of this fact,
and has made some few thousands by the purchase
and sale of CITY Bonds, and the tenderness Of his
conscience is no doubt very much deepened by the
low purchase and high sale of all such stocks, as
money seems to be the standard Of his morals
The poer widows, suppose, are scntincls ON h'
watch-;ower. Had the projectors OF TINS Railroad
and some of the purchasers of the City Bonds
thought Of redemption in days that have gone by,
they mus, have had broad conceptions of that
redemption .h. leave him and his Theology,
with the City-bonds as twin-sstcrs. have said
tha, our defence is not the worthlessness OF the
stock, but the ilesality Of those Bonds and the
moral right We have TO reject them. /, Is always
rsn, in ndiy idusls and communities TO REJECT le-
gslly the encroachnents of their ghis and Pr'vi-
legcs Such encroachment has been made upon
our rights. The widow and the orphan who could
not be represented in said city have been, if these
Bonds can be sustained compelled TO take stock in
this experiment of Railroad, and the payment OF
said Bonds would involve in ruin many OF our hon
est aud industrious citizens. We will suppose a
case: man has bought place which cost
s2OOs aud morgaged it for ; coo 0.-This proper
~ will be assessed for Sl5O0.-The ground-levy
being per cent. brings him in the list $i5, with
a poll-,sx Of $50, maxim. So. The grouni-list
OF the city Is now $50, 600, from which there IS
(ovs al,atemeuts; aud in the event of the payment
Of these Bonds it i. confidently believed our city
list will not exceed s40,ee0, as there can be no
lax on the list Of ls4l. The money at interest
and bank stock will be owned elsewhere, and the
tax would he laid on so 600. The debt is now
Sl6OO0O, and bsfsre tax can &c laia-the eA