The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-10-05

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amply sufficient for that purpose.
IL this ea,eulstion shall include 100000
Of Treasury warrants, now out, worth say Six
" cents on the dollar. Due thus Sl,S00,00O
(includng the treasury warranty due by 1850
--S3,000,000 due by lS59-Sl.500,00O due
byllS7l, making S7,300,OO0
To meet this this the state has the follow
ing effects that are Immediately available, not
contingent or doubuul
Of the two and three per cent funds now in
the State Treasury, m gold, being the balance
leA By Graves, the late fepudiating treasurer,
S95,30O
Ofthe same funds now in the
United States treasury 70 the
credit Of The State, being BAL
ance due July /, lS4S, $4,000
Oftbe ten per cent end dls,ri-
button fund created by act Of
Congress, lS4i, p o. and now
in the treasury Of the United
States, due July /, ls43 10000
OF al these funds TO become
annually due the state, fhere-
toiore It has been about $780,
600 Hereafter say 100000 to
l~57, to be paid 10 specie or U.
states treasury warrants 100000
100000 ceres Of land given
the Sta nv act Of Congress
l54l. p. "a, large portion Of
which has been located, aud is
now reidy for sale, said to hs
worth go per aors ia cash, GER
tainly so in Mississippi llabili.
tics at 90 cts on The dollar 100000
Sinking fund notes, amount
ing to about s900,090, ofwhich
S525OO0~say 100000
Seminary land notes, and
town lot notes, all Of which are
secured by liens upon lands and
iots in Jackson, $50 oOC
Defaulting tax collectors as
certained TO be good, say $4,000
The entire effects and stock
tothe Mississippi Rail Road Co.
liable to the State by &C IS 1899,
ID. 81, SO, sec. and 5, be el-
iects consisting Of near one hun.
dred slaves, large amount Of
real estate IN and about Match
ez,, vast suIUunt Of n0es, 8 c.,
de- unknown tn me, say IN all 30O,OOt
Stock owned BY tie State IN
the Mississippi Rail Road Co..
amounting to $4,000, 100 worth
saw 5 cents on the dollar, all
paid, 25O,OOC
I he entire effects of the Mi.
Union Bank, now amounting to
some millions, say there can be
realized 5000
Total So sol So
Deduct from that sum the a.
bOve liabilities Of 1900, OO
Leaves 3 surplus amonnt Of
assets now at the States con-
troll Of Sl,sOI ,s5l
Now it will be observed that in the abov
estimate Of effects, have put the lowest esli
mate on every item, except perhaps The ban
stock, and that may be entirely excluded an
the balance viii be 1851, 350,D that hav
made no allowance for the fact that The bond
D Ofthe State are now worth ~ the market les
than % cis on the dollar. The present valu
In the market Of the whole 81, 100000 Of Ma
sissipp liabilities is less than 81 600. OOn.-
Surely that Sl,6OQ00O can be paid from asset
amounting to S9,6OI, $50.
But have still another and an impor,ar
item TO present At the last session Of n
legislature q resolution was passed requestin
congress 70 donate Mississippi the vacant Ian
lying between the Tennessee line and Wick
burg and the Yazoo river and the Mississipp
on condition that the Stale shall lew the Ca,
tern bank Of the Mississippi so as 10 recla
said land from overflow. Relative 10 thai te
FitoFy the Unitqd Stated is in this copditiol
she cannot herselflevg the river, because (as
is argued i would violate the constitution
the United States See Gen. Jackson's vel
on the MaysVille road. Unlevied, the teri
tory Is valueless "a the United States. and ,
source oiTevenue to her-reclaimed, it will
crease her revenue, BY Increasing the amou
Of Der exploration Of oottoni without a m
ments hesitation she win therefore naked
donation. Now It has been estimated, by 4
Typographical engineer, that the levy viii ca
$4,000. It viii reclaim about million
acres Of vacant land. That land is the frsi
the world for the production Of cotton. and
soon az reclaimed. viii be worth in the marx
ssJ5 Der acre, as it is said bg those who kn,
ms, about L. / will be more moderate. A
cav tbatit viii be worth only $40 10 Mississ
M liabilities. worth % cents on the dollarh
Nc ave to Ire above Ss,6Ol $50, the sum
lo.OOn.O00, making fund IT assets amounti
10 stS,691 $50, at reasonable cash valuaii
10 be used in paving off 81, 800 900 ofliabilit
- worth al cssb estimate 81 l600,0o0.
For It % be urged that Mississippi IS ineal
Die ofehecting these things is aslauaer "
The capacity OF her statesmen and 'hnancie
Utho repadialors doubt ;heiF capacity TO Ell
them, and sremble At the contemplation,
them step out Of the political arena for (
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