Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-01-09

States omm no system Of vigorou. measures
ts pay even the interest, much less Ia pay Ilse prip-
cipaL The State Legislatures are equally relurtsni
TO adop, any efficient plaas. aud in many ut the
States me laws Sr collecting direct taxes are nat
sniorosd. because i 10 said that slthough The people
have property, they have NO mDuey. and lhs aIes
are levsed in sno0ey, which q is impossible To gath
or from ahe people in suiEcseii amounts To meet
the eraciiess aud necessihes OF the States.
To attompt "a collect tnses by force would be a
qresionsble experiment The debts are not d-uied
but in one Ststr; bit repatriation silent and quiet
exists. and thus the debts continually augment. and
property cCnsianhy declines ia value. Can the
States sod the people exist happily under this nc
caaulsting dishcno1 Can the States that are not
indebted escape from the moral ta;sV As the lep.
rosy that first attaches to the right arm. is Quickly
visible ON the left. SOON communicate. Ia the oth-r
limbs. and finally diseases the whole corporcal sy,.
ten. 80 will the dscredii Of one Site attach IN a
hricf period to all. until the wh La cnnsede a,ed
~y,iein sufiers in an equal degree. What reason
and philosophy teach. experience has ulrcad; de.
m"us,ra ted. The Government has fell ,i.o ex;l
inhuenre of The loss OF credit Of the States ia il. loss
" confidence aud la its loss of credit and Is
Ne imPOiehi 10 borrow money as Maryland as lii
n -.
No one doubts the resources OF the Cove muen,
but tho doubt Is ~heIher.is pphlic mon, ia. lcri.la.
tor. have the will aud leslilude to NEE, the e,;-
WfA OI lrW inIlu
ind spsnsable to devt l1p and On he available i,u.o
latent and abundant resources.
AMI how lar each State may become Implicated
anu me government itself responsible. for the del
ina"encies OF the States will nuI discuss ut pres
eat ] will qnoie rne sentence from Chief J1.t CO
Jay. while all the States were bound 10 Protect
zach, and the citizens Of each. II was highly nron-
or and reasonahable that they should lie in a ca,ac-
ny "oi only cause Justice 10 be done To each. and
me cIiizens oi each, but nisO cause justice 10 be
dsns by each. and the citizens OF each"
Neglect To- pay The interest does not Get rid Of
o"ftncrdSses ns debt Waving a consideration OF
The laws of nations, and our OWN example towards
frsnce, Nap es. and other powers, suppose We
we're 10 aiISnPt To cancel The account by colli,inn
with the Pewens Of Europe. War would not uv.
Sui would increase the debt. il even we were vic.
tors on The A. III Of battle. But the rule of law. n.
me rule Of duty IL. pay your adversary beIure YOU
light hitn. Aud when natiurs aud persons d., in.tcs
TO each other. there is no neeessst, for conflicts
whatever.
Then tho debts Of the States mast be paid at
last. and ! cm sure Wiu BE- pad. Not by the States
AZ things now are. for the reaspns I have given
Inc Government must become The usent Irr The
States, and the lOnger IL delays. the more u will he.
come emharaiscd- How are they Co be pad with
justice Ia all the States wiIhuuI oppression Ia nny1
mat Is The que -,ion ~ be asked 10y the people. to be
answered Nv Their legislIiors. A remedy is not To
be extended Io The people by tl41e uhn yn,s again
every plan. and propo-e none negative course
WI not remove q positive. az active ana increasing
evil TinId Legislators. ia Innes Of civil difficulty
are about as useful 10 The people Us atc tinid Gene.
rails IL time OF war.
But the question must be answered by every leg.
lslaiUf- hsw are these debts of The States "a bs
pUidl Now The pressure of the debts rests tno az,
pressively To he borne upon Qua half Of the SIaIp.-
I"Oofyecis are To be attained To effect the conleiu.
plated aud desired result. Fmsi; the p,e.suro i, Ia
hsh,ened. add sec1udly. when IIghiened. ii j. 10 be
90 dIffused and To be attended with benefits so ms
10 be felt. If felt at all. in a mere equal degree o..
yer a wider surface.
How Is The frat To be effected with iusiice1 b.
changing the character of The debi, and by chan.
ging tho ch iracter OF The security. Ihiu Is Io he
attained ~ augmenIIng The security from SIate to
Naii"nal which will, IN The process, diminish the
interest. and thereby lessen the pressure. SupD.e
Stale debts ior The argument 10 amuuut To 5000 900.
OUUi ahd that they average sI per cent inIete.t-
by issuing two hundred millions OF Cuyerumen,
n"lds al iour per Ct. and exchanging them with
The holdetso Slate bonds. which can readily be
done the pressure lessons from twelve millisu.t,
eight. IL they are exchanged for n Ihree per ,enI
stock. the pressure Is lessened one half ie interest
No principle ia political philosophy Is more certain
IhRn this result.
THIS simple process will cheri Ihe Gr.t ohiec,
IN the process Of relief 10 the States, upon sIricI
PrircIple' Of Justice. National security ian iu.t
confederation for diminution Of interest. The n.1t
o'hhS" VI "e 9ueSiion - 10 De aHsMcred-hOk il
the interest thus diminished. and the Coyernmen,
bOnd'. 10 De paid without oppression 10 any Of the
SiaIosi The States now indebted " i'll receive their
iaIr Share Of the bonds Nhen issued. thor semi.an.
nual payment Of interest on The same, and The nav.
ment OF Their portion Of the principal Of The dabt
when che Cove rnmenf begins To Iiquidare lhe prin.
ciPal. Then whilst the debt becomes dispersed
lishiiy ever The entire naIiOn. the payment Of inle-
rest aud principali 10 equally didIsed. The pecu.
mary benefits are made equal aud uniform, and h,
TIE process; will all the States, at the same time
mud Their credit re-establiShed, and the 9 p.nsreri,v
life.
Such is the solution ofthe problem which mi Oh,
seem difficult 10 n skepIic, but made simple aud "a.
~ when calmly examined through The medium of
faiiOnal reelection aud practical reason.
j am, very resPy
W. TOST JOHNSON.
Col CHARLES Ca
DoughOrugan. Manor, Maryland.
NAVAL COURT OF INQUIRY-MCrlNY