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

II reDrcach Throughout The land But 70 effect
these things il il necessary tina. we shall have
Il bond-paying Legislature, Otherwise no law for
attaining the desired object can be passed
we must have bond paying Governor. other
wise the veto power will strike dead any effort
to provide for the payment--we must have
bond payers N Congress, Otherwise the act for
allowing the proposed application Of the Mis-
sissippi lands win be opposed by our own menu
bers--we must have bond paying Senator in
i Congress. otherwise his dissention will defeat
any act of Congress on the subject.
am asked By repndiafor for plan to eff
feet thesa things / win suggest the proni-
nent features Of one. leaving i to be filed By
these who are more immediately engaged in
| politics than am.
1sL An act ofthe legislature providing for
| these thing. The assessment and collection OF
All additional tax amounting to about one
eighth Of one per cent. on the present valiis Of
taxable property in the State; specifying as
taxable articles under such act, the property
IN that behalf above mentioned; that this fund
and so much Of the taxes collected under the
| present assessment as shall xceed the expen-
ses of the Government, shall be applied in pay
rdent OF the interest account of the bonds.
I'll. An act of the legislature putting into
market imme diately all the lands beIoging to
| the State of Mississippi; the establishmentof
commission for the sale thereof the lands to
be offered at a minimum price Of ten dollars
per acre, payable in gold or silver or any IF It
bonds or coupons for the interest thereof
whether said bonds or coupons be due or not,
but where coupons not due are paid in, they
shall be taken at discount of five or six per
cent. per annurni as they may be coupons ofthe-
Planters or Union bonds. The fact that these
bonds are for $1,000 and $1,000 will make no
dlference;' aTwell regulated Commissioners
office, would, by endorsement on bond, where
partial discharge thereof was made, and by en-
try IN his books create perfect vouchers, and
at the same time be able on any day 20 furnish
to the legislature statements of all payments
made by bonds and coupons, when an entire
boyd or Coupon was paid in, it would be used
and destroyed.
Bird. An act of Congress donating the Mis-
slssippi river lands liable tn overflow, and au-
thorIzlng the State to use all funds and effects
from the United States, as she may by act o.
her Legislature appropriate them.
Ali. An act of the legislature placing the
Mississippi river lands in market as before sug-
gested of other lands of the State.
These acts being passed, nothing would re-
main but 10 execute their provisions The
two first can be passed at the next session OF
the Legislature; they organize and commence
the plan at once; under them near half, per-
haps more than half of the debts would be paid
for they would provide for the interest and sub
Ject to purchase with these bonds, lands worth
near the whole amount of said bonds. They
would also give two or three years within
which TO test the success OF the plan, and to
devise the best mode of rendering available the
other effects have mentioned above as availa.
bic; such as the sinking fund notes, the Semi
nary and Town Lot notes, claims On defauting
tax collectors, the effects of the Mississippi
Rail Road Company, and the Union bank, and
the Mississippi river lands.
believe, nay, am sure, that the plan thus
commenced and executed by these successive
steps will ensure the ready investment of these
bonds and coupons. The reason is obvious;
they are worth but lwenty cents on the dollar
In Europe; here they will be al par with gold
or silver for the purpose of entering these lands;
they, like all other articles of trade, will be
brought to the best market to be found for
them--bere, then they will inevitably come;
that amount; every coupon thus Invested is a
payment Of 50 much OfIhe interest; both there
fore, reduce the amount to be raised By taxa
ton, mnch below the calculation have made.
The sooner this scheme is commenced, the
better. Day by day and year by year. this in
terest is Accomplishing; to defer the day is out
TO increase the evil; we are but suspending a
blow from the hand OF a child, until that child
shall grow into giant, the weight of whose
blow will PROSTATE us to the earth. We can
pay these debis ACKNOWLEDGEMENTS; few
years hence, it will cover US with poverty. Ne
are delaying justice that the day of retri6ation
may be more Se6eTe.
To he regulators, we bond payers have
been lawyers, and urged the legal liability of
the State; as statesmen, we have urged the
necessity and policy of preserving untarnished
her public faith; as morasts, we have urged
the business of the payment; as christians, we
have urged that we should return that which
yourselves say) we have unfairly obtained;
and as phllanthropists, we have urged you to
relieve the poverty which the unjust act ofre-
pudiatio3 has brought on many innocent pur-
chasers of our bonds. 70 you who are still
regulators, these appeals have been in VAIN;
we cannot and will not believe that it is either
s'inginess or avarice, which prompts your ac-
tons on this matter, and to these two principles
oft e human heart we do address these calcu-
lations; but we do not know that you have been
imposed upon by your factIous leaders; we
know that ambitious and designing men have
excited in your minds unfounded apprehensions
that to pay these bonds will take from your
families the necessaries of life. These appre-
tensions have been bulwarks against our argu-
ments. Toremove them is the object of these
calculations FL have effected this, have at
ldIHou my WHOlC pun POcC' 4Ou SCO 1u0 u-e0t
Insionifcance of the sacrifice yon are asked to
make; at most, bat dollar or two each year
perhaps only few cents. How striking is
the contrast of your own conduct; how many
of you, If your country's honor called you to the
field of battle. would refuse to got Would
you supinely be at home, and say your coun-
try had no character to support; that national
i:y was nothing. How many of you did this
in the late war, when the question was purely
ofnational honor; to-wit: the rights of Ameri-
can seamen. Yet all this done for national
honor, at the hazard Of life-at the sacrifice of
comfort Ito the distress of your family, and at
the expense of millions. IF you make these
sacrifices to preserve untarnished your coun-
try's honor, you cannot have the bitterness OF
soul to destroy that country's character FOR Inc
paltry consideration of few dollars. DO you
answer me in the language ofsome the leading
politicians ofthe present day, that State has
no honor--po character to sustain Fosuch
an answer have but one replys be who would
rob his county of her good names would ira
dlce his mother. II selfishness led him to that