Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1843-06-20

well the Wings The Democrats accordingly, wished
10 open the eyes Of the people when other means failed
10 do 1t, by imposing sufficient pay the interest
the public debt fast accrued We have already
shown the position which was early taken by the De-
mocrat, upon this point il the republication Ola par, OF
Gov. Marcy's message the Legislature Of New York
Mr. Wright advocated the doctrine aud II will be
by the extracts from Mr. Owens speech. which fol-
low that lac only showed the necessity of this
of financial economy bu, proved plainly
the ruinous results that would follow the policy which
had been adopted and thus far prao.od upon Tho bil
proposed of L. the SIo0 aud motions
made reduce the levy To 10 cents, and TO Nj
Owen opposed the reduction, aud spoke as follows
l. tins tax necessary DO We require II to pa, our
debts That sir. Is the questionable only question
Ind we may discuss forever unless come 10 the
point and compare, carefully aud accurately, re-
sources and our probable expenditure
| came here. sir. prepared for any amount 81
tax which necessary To keep The State oui Of debt
except for the capital which she loans Tor purposes Of Ia
ternal Impro> l. ct fifteen
or Will smaller tax suffice to effect tins object. Let
us see.
The State Treasury. the reports table show
is now in debt lille upwards Of S22000 a debt. sr
that ncurred-by want Of moral courage, about
TO saw m orr But that Will not
say Suffice II. that debt incurred consequence
of last wears Legislature assessing of fire only
when they ought have Assessed TN No matter how
"
wards OF S220C
What will be our probable c> pcuscs in I-i7 Scvcu,
seven thousand dollars the Treasurer calculations and
that made without reference the Of salaries
as provided in our salary bill That will add AZ least
ten thousand dollars 10 The estimate making The whole
of probable expenses for the present
e'-hty scre thousand dollars And the balance Of debt
from last say S22Oo0, aud we have total Of one
hundrcd ami ninc thousand dollars. winch must
TO dciiay our current expenses alone.
Now. sir let n enquire. the other hand, what We
lu.. Al.
duce Last year the assessed property of the State
seventy Eve millions. Suppose it Tins year, fairly
may eighty five millions then, # the expenses of col
lection be IN the same proportion a. last hey were
ten tax Will bring scr,nfy TIM, Thousand dol
lars. Our poll tax say fifty cents 10000 polls will
bring US IN upwards of thirty thousand dollars
what ,lo these To one hundred and
ten thousand dollars bu, just sufficient TO meet our cur
rent expenses.
And then sir, there is the interest of State loan
which amounts as by reference 10 the report of the
board see tins year. TO fifty thousand dollars Must
not that bc paid 1t cannot pay now, how can NJ
expect To meet demands three. four, hvc times
great by and bye We bound sir, to provide for
that 1t our duty since the system Is commenced TO
support II Now, sir. what may expect 10 derive from
surplus revenue, THIS year As appropriated.
more for purposes of internal improvements than from
ten 10 twenty thousand dollars say fifteen thousand
There lacks then, $4,000 10 the interest loans
tax of five additional will produce liulc up
wards of S36.0o0 That. added 10 the above $4,000
makes SOL 0C0 Just sufficient 20 pay the interest coming
due this
What follows from these calculations: This, sir that
unless impose a tax of fifteen cents, our State viii
not the close of tins year be square with e world
Less will deiray current expenses and pay the
interest accrung the loans already made TO carry
system of internal mpro, emen
What then. SIR To do What does duty
bid us do: Are To levy this unusual tax-or we
mott 1t Is grave question. let act will. we
incur heavy responsibility. We cannot escape that
We ought not TO desire to escape We have embarked
in mammoth proiec, of Internal Improvement; il mat
tiers whether prudeniy imprudently That dle IS
cast and il cast without my agency. Our State ha'
embarked in the System. Her faith j. pledged. lie
credit - stake Before she engaged this Scheme
then was the time 70 consider Whether she could bear TIA,
burden or not. 1t late That which We have
done. must abide by That winch y e purchase We
must pay for
! What then. Is 1t right we should do; My course
during this session, has been, time and again impugned
have been told n the House and of The House that
on m, head should chiefly be visited the OF withdraw
ing from purposes Of Internal Improvement one-hai our
Surplus Revenue that, but for my agcncybut for the
comnromsc effected between self aud the gentleman
from OranGe-wh ch compromise produced The Surplus
Revenue bill that passed this IIouse-wc should now pro
badly have the whole of that fund for Internal Improve
ment. 1t this accusation Ice well founded; If II indeed
he true that my exerons tins matter have been for
tunaicv successful IN securing 10 Indiana Education
Fund Of half million most willing ann to meet the
responsibility Of the deed shall believe, the latest
hour of my existence that 10 have been of the most
useful actions have ever poriomed or ec can expect
To perform, While 1--we.
4 And now SIR If YOU ask me whether | expect 10 lie
able fully explain my motives, and to Jusi, my vote.
10 my constituents. reply, that cannot tell shall
try | shall endeavor 10 explain 10 them that man,
where hc debt and has the means 81 paving o"eM To
nav | shall endclyor 10 convince them that II with
States AS with men; that they, too, when involved IA
debt should if their permit, struggle out of IT
shall take hand the report oil our internal improve
ment board and show them, that the interest shall
have To nav will be continually the increase that though
il be only $4,000 this YEAR next year II Will be SlO-
600; the year after S77 900 the year after that S272
eco; yes quarter Of million" the year next ensuing
and n, Oh Ia 81
a Million And. SIR shall ask them. # now, season
of prosperity they shrink from the payment Of only
one four or fifty thousand dollars, how they expect
10 meet annual demands for quarter ct million, Tor
third of a million. five or sIN years hence:
VIII such arguments convince them | cannot tell
IL Is not my business TO enquire They convince me
They point my duty IN this matter.
That duiv sr, IN my particular case, Is especially IN
grateful Ny county of those through which, "a
some gentlemen have expressed II, not even ditch
cut We bear the burden without enjoying the profit
We pay much and receive nothing In sustaining h'
system OF Improvement we derive no direct bench
therelrom. Nor can expect, by tins vote, TO obiair
aught for tins neglected county AL for tins session, Is
already lost Nv efforts obtain tor ioscy
an humble clay turnpike. have been unsuccessful
do not complain of tins know that have failed only
while al others who la,e made simiar attempts ha'eiaed
also. gratefully admit The kindness mat obtained i"
nv work higher vote believe than any other Iecoi'e I'D
this session But sir these oxtcnuaiins Tee, tons
though personally they are pleasant YET They &c
not alter NV situation IL sui remains one which rem
ders the icel constrained 10 sNc- peculiarly az
ardous
Nor do very largely calculate thanks Tor that
even tins floor Generosity = word Unknown ~
the political dictionary know that we'll. | have had
occasion 10 know 1t much If Hscc, even finds
place there But all th cannot alter the ca-ecannoi
mike that wrong. which. i--i' = ri"i ife si.~'''
MI ST be raised It viii sustain the State credit and
pay Just debts We beiay trust, then, i'gis
lators if hesitate 10 H.
This j. the pialn unvarnshcd truth IL points 10
our duty Let n, fulfil that duty. 81 consequences to
tfa IL i