The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-08

DehcN..... $6l2,395
There meanso meet this but by direct taxation
and the report goes to show that such resource il i'm
pracucable. We make some extracts a. follows
whs advised and influenced the adoption Of the system
the report Of Engineers, who surveyed and estimated
The v.rieus works. and the reports u the osmmittses
cost Of construction, alike visionary and decep-
tive, and The people in supporng the :ysten, Ser
Representations end false reports and nj
reasonable TO- suppose that while then acting under the
nueaee Of these false and deceptive reprsssntstions
(which then presented all fair end ever in
epdsd and in the opinion Of the committee they will
ncs consent to the imposition Of tax 20 far Seyopd
yond the amount which many Of our public men ssnd
solemn!y pledged % the country that should ex
cssd would ,s;s Be both ana
rest on the internal improvement leans. 81 81 =
Unnecessary because 10 the present condition Of the
present enormous extent hes never received either
the positive Or Implied sanction ofthe people. -
TAses.mistee, then. acting under this view Of the
subject have msde iy psy sny portion .. ne sierest
tie ss~e improvement lees. Th,s alternative has not
ton, with regard to all its consequences when the
question presented to the csmmss In il true light
and narrowed down to the simple alternative ofintosrs
Bile oppression uPon the people, neglect to pay the
interest upon debt which never received their same
ton, but one opnion could be arrived The people
must be protected Onersus ssxaton cannst be tosra
ted and liberty preserved To submit oppressive tax
alton would BE- to become slaves BY our own coasent
all countries de;potic or republican
Il is By taxation alone that the people can BE-
and just proportion 10 the or taxation are the
liberties Of the people g. aduated. fh l.EF
the public debt would place burdens upon our citi-
equal those imposed upon the ser Russs and
place them upon an equality With the Pessansry Of Ess
The report then goes to say that the friends Of the
improvement system when in the xsnih Of their
did net dare to levy taxes 10 support their borrowing
schemes but pledged Themselves hs the people should
not be taxed. The committee srgs spea the Lexisla.
the necessity Of doing away snee with the belief
that the citizens will be subjected 70 onereus taxation
because Encourages that inhabants and turns from
the borders oil Indiana the tide Of inauguration without
which her fertile fields will be brought into cult
walton. The committee then propose to raise money 10
order to buy the State bonds great discount a.
possible, a. follows:- t
Our bonds is believed from the rapid depreciation Of
State stocks during the PAST year. will s short period
be down q ow - ssn s cent? "a on the sos Nsw sup
81 300 0go TO redeem ell outNanding bonds and re-
lease citizens from all The spprehsnsions Of state
solveHcy end oppressive taxation. But are there any
within the reach p the ssts that may be applied
to this purpose
The proceeds Of the canal lands ssimssed 1t
pointed out one The debt to be absorbed
as follows:- en QHesN
Proce eds Of canal lands s4a,a,s. 10 purchase
Repudisted suspended debt, sisSo ce
sale Of public works in exchange for bonds,
Other means of absorption, isAs4ocO
Total, $lseoeOoo
This report showing thetrus state Of public spAion IN
Indans regard 10 the State debt, reed Arst and
second times and committed almost unanimously to the
committee Of the whole, and 1000 copies ordered to be
printed. Here, them have the question Of repudia-
ton In tangible shape In Indiana. II assumes broad
and holder front than 10 Mississippi, because II
mot from the Executive, bat from the popular
branch Of the Legislature. The facts laid down In rsa
tien to the means used contrsctshe debt literally
true. That the people we're deceived and "hanbug-
ged-to current and expressive phrase, d trusn
thst will And response in the breast Of every
quaiutcd with the facts 10 nevertheless true hattie
obligation Of the State il upcopdionally upon the face
Of the Issued bonds end therefore lie honor s bound for
their fulallmsnt. Il also equally true that the ste
IN s Infancy, that has vast tracks eflsnd which can
become Popalsted only through the means Of immigs'
usn,te which sssreua prospective and iaserminshle
taxes will be an insuperable bar II argued ON the
enc hand thst dscredt win suia the property already
existing thereon the other, that no nsa will velu MIA
ry invest nsnsy 10 laads shsst 70 sseh taxes when
IN sse he sstsiu sad equally COED
free from tsxstsa Tor TIE paysat II dshs frs which
ben -St hes bssa dsstvsa To- vsssers necesp
ties 81 the sste sr current sapsass 49, y those