Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1843-07-01

those to forget in this cause all past political differences and
to rally with To the of the poess name OF the hs
of the Old Thirteen that has been threatened with the dis
grace OF Reputation.
II has been the policy Of party leaders and demagogue
heretofore TO prejudice the public mind against the he
party and thereby lay perhaps what they supposed nigh
be foundation for action towards reputation, BY
charging the creation the State debts upon that party
i We will not revive adiscussion on that point
Ii is sufficient say what every man who has noted TN
progress Of public aas in the State knows to be true tina
the public works in Maryland have been osered in past time
with zeal both parties That there has never beer
administration in the State since the works were com
that did favor these works and their
pletion.
The Canal which is the great of embarrass
mens has always anxousy pressed upon the Legsa
by the upper counties under the influence of public mer
for the part hostile TO the Wings: at least az otter
against the Wings on their side
The Baltimore and Ohio Railroad, although mainly origi
mating with the Wings OF Baltimore who have subscribed
and paid nearly three millions of their money IT,
who have always ardeny sustained it through all its Difficult
ties and has yet had full and liberal support
accorded to il by the most public spirited portions of the
Tossing democracy. Being successful work. it has
into favor with the of those protesting to be
Democrats.
The Susquehanna Railroad has been almost exclusively
under the control and direction of gentlemen who wish to be
considered Democrats Ii first projected by members
party and has all occasions received extraordinary
amount Of the favor and patronage Of their political friends
both in the State and city government.
The Tide Water Canal the project of individuals in
neghbong State. has been Unfortunately advocated
and supported by both parties.
/
works were undertaken and debt created The
Maryland PLiGHTED and that faith is sacred be
| argued away in miserable party recrmnaons.
The only question now is how to redeem plight
ed faith2
We look the Wing party answer that question The
People look to them, and will call them to the
management of the public affairs Their opponents have
tried and have failed and the People pect the Wings
to take the control of the State.
II the Wings prepared the question stated
above satisfactorily the Peoples if they not the wisdom
and courage answer fully then do hesitate
them better they should not the ens
II has maniestly to this that they who hereafter
conduct the Of the State retrieve the
honor of the Satemust make provision for the debmust
put matters in train for final adjustment in such train
as that citizen may and understand the pos
tuTe of our affairs and the mode by which are ultimately
to make good promises No administration of the State
which falls short of this will be able stand before the peo-
| pie either of Maryland or the United States.
The Wings are competent to perform this duty and to
lead the State of all its difficulties They have
| on various occasions indicated their policy
They originated the proposition of the last dis
pose OF the States Interest in all the public works II that
measure has not gone into effect il is because theegsaon
IN reference to was defective CONSTANTS and conditions
were imposed which be found impraccabe 1t may be
modified and carried into successful operation.
That measure is one of great relief
The property Of the State in the public works is valu
able and available fund.- Ii ID but obvious suggestion
justice that in present difficulties that fund should be
employed towards the liquidation Of the debt Apart from
It's value in this respect it better matter of good policy
that the State should be disconnected from the public works
which, msnifesty the State is unable TO manage with
any advantage to the people, They furnish and
opportunity political corruption and ought be kept aoof
from all political control.
We have already stated that the debt is osensbly some
fifteen millions of dollars.
There is believe that the States property in the
Canal be sold for FIVE Millions payable in State bonds
that the purchasers who get that price will find motive
to ACCOMPLISH what all sides much desired thecom
pletion of the work to the Allegheny fhey purchase all
it will be with that view. 80
The State holds four millions two hundred thousand
dollars in the Baltimore and Ohio Railroad stock This in
of
Of their bonds for it. SO
Their interest in The Susquehanna Railroad and the Tide
water Canal probably if not very hereafter
produce two millions in bonds.
These several sums amount to eleven millions of dollars in
the bonds of the State which being cancelled would leave
but four millions Of the original debt unpaid.
To meet this debt of four millions the State upwards
OF half ambition of Bank stocks and has besides sinking
fund amounting to nearly twelve hu nded thousan dollars
The residue OF actual principal debt uncovered by means
al hand for its redempton would consequently
rears Of interest may be estimated million more Thus
the whole State debt principal and interest beyond the funds
in possession would be reduced if this plan should be vipor
ousy and successfully prosecuted sum little exceeding
three millions and quarter requiring about hundred
thousand dollars year for the This sum may be
raised by tax of dollar the thousand of assessed
property
Ii it but mere question of MONEY! and not one of
honor and good faith is there any thing this of our
condition to excite the fears justify the dependency
those who are who affect to be- much alarmed at our
debt fths plan of redemption should be fully really
ed and the residue of debt left behind were twice what we
have stated it, does present one of our cit
zens for procaming the State nsovent2 Insoventl by
reason OF debt amounting yearly charge of one dollar
on thousand, two dollars on thousand farmer
with real estate valued at ten thousand dollars and mort
gage upon for ten dollars or twenty dollars payable yearly
procalmlng that charge to be equivalent to bankruptcy
no can credit that such estimate made of Maryand
faith and hosor by any within her confnes7 If the
whole debt stated at five mons-our assessment being
about two hundred millions the value of all the
Of the State-his Of five millions would be two and
half per cent the whole assessed property 81 that wep
tyve dollars paid every thousand would exnguish the
whole debt principal and interest There are many nations
in which the people bear heavier than this per anpum
The contemplation of this aspect of affairs surely pre-
sens nothing which vrtuous resolve and patient
rance may not successfully encounter.
The public works chiefly beneficial in the aids thew
supply to agriculture and commerce. not in the annual dvd
ed profits they afford to those who make them The Bali-
more and Ohio Railroad it said transports near two hun
dred thousand barrels of -four year. This done upon an
the construction of that road the carriage of -four for the
same distance cost average OF dollar and quarter
Here saving in the transportation of that single commo-
dy road to nothing of the canal Of about one
hundred and eighty thousand dollars year. This saving
or gain for is clear gain mainly citizens OF Ma
and and would alone pay the interest three millions of
the debt.
This fact but ustra ton and shows that if the pub
lie works have brought temporary necessity for axaon
they have also brought with them permanent resource TO
pay it. They have brought besides this present advantage
increase Of population increase of industry increase Of cu
vatoD and fertility and increase Of the money value of land
resources which, day by day, becoming valuable
and which will 10 brief oyebaance the debt that
craa al IN thpn