New-York daily tribune., 1843-04-05
THE TRiB u NE.

MichE EZUn-T Tnxes-Fin nauce-PoiitIcs-Sr
CuAe for next President.
The following letter from well informed Lcco-1oco
source from the private correspondence OF Inc
DETROIT, Mich March 70, lo43.
DEAR FRIEND: improve this opportunity to
say that our Legislature, which has adjourned has
made some radical amendments to our Tax sys-
tenn. The effect of the law just passed will be to
make the taxes on resident and nonresident land
hslders The same, and to do away with the frauds
heretofore prac.iced. If am not mistaken, we
have touched the lowest point, and are on the
rise. Several laws passed partake of the improve
ment which all feel to be now in progress. We
hope and believe that we shall gain large and
valuable addition to our population another year ;
as heretofore, the fear Of Taxes has frightened
away from our rich State the hardy emigrant of
the Eastern States. The most important law is
one to "liqHdate our Public Debt" and although
you have abused US much as was in your power,
(Which is not little, still we have done all that
was possible to pay what we owe. For the inter-
est on all of that part Of our Debt which we rccog-
nize-being ell the bonds which we have received
the money for-we have given to the holders bonds
for tho amount up TO 1876, which bonds are re-
cevable in payment for the lands owned by the
State. The act authorizing this issue of bonds
provides, also, aat after 1896 the net proceeds
of all the Internal improvements shall be applied
to the payment of the interest; and If that IS no3
sufficient, authorizes tie lHying Of a tax TO nlahe
up the deficiency. Is not this honest? Mr.
Charles Butler OF yonr City is here, and has been
acting for the bond-holdels; and he thinks-and I
believe it will prove true-that the income from
the railroads will more than pay the interest on
the Debt. If so, then we may consider ourselves
out of debti and, once out, you need not have any
fears about our getting in again.
One word about Politics: Gen. CAss is here; ;
the signs of the times indicate that the West will
press him strongly for next President; and you
lnayexpcct to fight the Presidential Contest against
Gen. Cass. He is Western man-one of those
early pioneers who identified themselves with the
Great West in its infancy; and the Great
West in its manhood, will stand firmly by him
With him for candidate, we shall show Harry
Clay that IL vain for him to aspire to the Pres
dency. In this State do not believe there
: be a show of opposition raised, if Cass is candi-
date and Ohio and Indiana will more than re-
enact the enthusiasm displayed for Gen. Harrison
in 1910. The Young Lion of the West will speak
to the Lost-tne /" New Thirteen will soon be
able to speak to the "Old Thirteen" like one
leaving authority
We publish the above as it reaches US, but
cannot refrain from telling friend that, if he
thinks promising to pay three gears hence the
interest (now two years behiHd) on part of their
debt, is any very remarkable exhibition of honesty,
We must be allowed to differ. We know very
many scoundres who would like to purchase
character for honesty at higher price. Until they
pay tLeir interest-a of it-our opinion of the
virtually Repudatng States will remain as we
have frankly expressed It'll Ed TT.