Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-01-11
RELIEF TO THE STATES.
From the H-n. VIM. Cost Johnson to Col Charles
Carroll, Of Maryland.
LETTER ~

:,
I- VI i>'rNHSINrArNEs'
WA'HiSGToS, Dec 3Oih. 1912.
DEAR SIK-The measure which | prupose of
dividing Government stuck among the Safes upnn
an equitable basis, contemplate that the indebted
States shall exchange their disirbuivs proportion
Tor their outstanding bonds. The indebIed States
could make mare satisfactory arrangements nth
their bond holders Ihsa perhaps the Government
could. And when such arrangements shall be
made the uansieS ofsiock 10 be made on the books
of the Treasury. This will scrur- sn application of
The Government bonds 10 the psyrieEI OF The Sale
oebis and will allow the States winch may siIII bs
indebted 9" some extent nj the same Tins. Ia max,
farther satisfactory arrangement in relation 10 tho
residue Of their debts By issuing for inslan, o =
ne stuck CIR the balance OF their debt with :. les.
amount of interest. aud placing in the hand, of
Communist. ners the receipI, oi such permanent and
certain revenues uInn rail to,,. and c,,,aI, ,ba,
already yield pr,fii the Stale, to be applied re-
Eularly To the liqnidapn oi The interest and prin
ciPal Of the bnnds. the States would he benriiIed
l,y paying diminiShsd interest the bund holJ.ns
bv having collateral and tsngibI. security IN adj
luton To the faith 81 the State. il revenue, thus
hypIihecaied ia the hand. tf C,uu,i.,ioner. sin,
with their sCuriIiss, would he made re.rs,u,ible
Ivy a suit for drlinanencIes The nIsnc,,,r,n,l.,..
that all such arrangement. shall be am,r,I,l.
The States that are not indie bted can have their
amount Of tho bonds credited ON the backs Of the
Treasury IL they should have no urp.nt nae IN, ill.,
b:nds. aud can draw their proportion ofhe n,cre..
regularly. winch they may aI,pIy 10 nny uurn,.e
Ihey may deem wi,e II would he wotihv ~ ia.
earnest attention Of the people of New York nj
MasSaChHses To engage II they could NOT Us. their
pSDpOIion ef bonds or the amount of interest which
they would receive in aid of tho resurce. of ,les
States, ia completing such communication. between
the Lakes and The ciIios 81 New York and B,sou
wOnh secure the quickest transit Of per.on, aud
produce. The commercial bearings of ia. .rr,nr,
ments between Great Britain and the Canada. are
OF the highest local state, and national ,n,er.,t
a he Csnadi n Parliament has acted, believe. ia
VOrably upon the line of new policy recommended
~ LoFd SIanleys recent letter, 10y which wheat from
the United States will be admitted into Can Ida by
paying duty Of very few cents. TO be pl ced 10,
The Colonial Treasury. whilst The mother country
will become the carrier. and reap all lhc CONNER.
eIsl benohE The commercial bearings of this new
policy ate Ofihe greatest importance TO the com
meIcial and navigating States Of New England and
OF Ns~ York. Supplies ARE generally purchased
"seTe Prodses u disposed Of Aud since the We'll
lana ANAL has been completed around the fails Of
Ni'g'rn vessel m'y load Al Cleveland, on Lake
Ehe' ana pass without franshpment through the
Caaadas 10 TIE West Indies or To Liverpool. II -
1'nsuH T" di'eh trade alter u has continued bet a
shosl TIME IA one direcifnn.
Inc eject OF this arrangement on the revenues
viii merit the quickest vigilance; and iIs influence
On he whole Ter ct Lake States and Territories.
Tn'"' 'noiana' ILLINOIS, Michigan, Wisconsin and
IoNa' when are 20 deeply indebted merits their
esePo" m'sreH The increased demand fer grain
Io,- e'se'. would lead TO an increased de-