Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-11-04
No. No. 400

Of shoes ~ w KING rom Inc min7i'h
House to he MJporie4, might sell hlleen
hundred pounds worth Of Massachusetts
stock, with large concessions TO the tuy'
pr. The TACT ia not the less concealed
that we begin 10 he regarded rs a nation
u sharpers and s~indlers with "hom'
Il the day Of judgment should happen 10
he On Moucav our pay day viii be on
The Tuesday following. This Revision
Of confidence does not arse so mOch
from a Giscredit, which attaches 10 our
resources; or. Ia other words, our aSIIiy
10 pay, as our seeming indlsposIiIoC 10
pay. The former is sill considered IN
o.ost cases IS u%ndOubled, whilst " SICK
euing dislfust fails upon The Iaiter'-
Hence It j., that whilst the rate Of Inier.
csf has ALLEN this day 10 i@o and a nav
per cent. N he London market, 1t is not
probable iflhe Commissioner OF the u
States six per cent. loan, were to otter a
price which would secure dR interest OF
Ten per cent. ten pounds Of the STOCK
could be sold, wuh at. from considera-
TONS Of policy, under the advice Of LORD
Ashhuunn, on his return 20 England
the Barings should be induced to take
the loan.
Whrn we contrast This discredit OF our
own country, teemIng with such gigau.
TIC resources, with the palmy credit OF
other States who have bur LILLE else IMAM
good larrh aud high texarion 10 offer 1t
is Impossible tu refer II to any other
Cause tut \ deep moral distru-t IN US
The most lgnomin Ious curse that can 'all
IN a people who aspire TO I've ciVl''Zed
n FREE. o. the pro,f of this Iarl can
rOt give YOU a better proof man lhaI
whist no one will look to, aud capitalists
turn with aversion from, The U states
can. the comparatively insignificant
own e Hamburg, with is pOpUlali"O Oh
200 OG0 inhabitants, 10 enable It to rIs9
III 81 it. a-te>. has borrowed at 81 per
cear., precisely doutle lhs amount oi cue
llsl loan. uue farlhing Of winch The u
). Commissioner wi'l probably not he a.
hIe TO negotiate. D-nmark and B-'ginm
can borrow At four per cent Whit 'hey
want. aod England aud Holland with The
principal of a public debt, the pay ment
Of which IL likely to he co'emporaneous
with the discovery Of perpetual motion,
can borrow Just WHIT they want at and
under three per cent. because they pay
their interest aud tax themselves 10 pay
.helr interest.
As Statesman and a patriot | am sure
YOU Will say that this state Of things must
not be PERMITTED 10 last. NJ country
y Can contnue ~ the worst species ri in
soIyeucv, a bank uPrcy in lts rrPute,
Wnh.ut lcsirg that selI-respect which Is
The %SaiIeuI spring e all that gives Vigor
and reuowu Ia national character. II
NAV he said thal as a nation We are IN
10 degree responsible Tor iris deCaden;e
10 the credit ,llhe States. Thus nav be
rue t. a crrr.In extent. Our national
and pllulcal aggregation, however. u |
! may 80 speak. Is made Of this family Of
| States, AID ,ou MAY depend upon il that
/ 0'hor aalturs and pn>icrlty VII hold the
government OF the Union morally re-
spOn,IuIp Tor he character Of Is mem
brrs, although The !orms Of the federal
system may discharge il t'om Il legal La
bIIllv IOr their engagements.
Admitting the potency and The extent
Of The evil, YOU will ask, what is the
remedy? This, my good sir, is precise .
" The question | IN about to ask a nj
| ask sou IN he form of n specific inTr IT.
~, whether pubic opinion, through he
/ Union, NAV not receive such an orgilnl
EATON by The action of Congrrss, pop a
lar meetings and the press, az TO Indu q
The Gtfaulmg States to hold CoHvuD.
HoGs this winter. compTtherdIug III use
who have negotiated loreIgn loans, who
neverlhr rss have not met pnnctuallV
thrlr dividends, that nv united %aCiioa
they may indu~e The Legislatures Of
the several indebted States 10 imp5 Sc.
aud the people to bear such taxes as
shall provide the means Of paying the
interest, and establish sinking fund
FIR The gradual exi!nguishmrnt of the
PRINCIPAL Of their puoIic debIf You s ca
that | Iiy out OF account he assam M
uon Of TIE State de'is by The Fed praI
Government. because | often f~ear,IL Ibis