The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1844-10-25

Well, what now about that canal loan which
was more than twn-thirds effected before Mr.. Ry-
an left England-Comc speak out and let the
people know what about il. They were told
through the columns of the Ottawa Freetrajer
Nr. Ryan's organ, before the August election that
the loan or large portion Of ii was actually ei-
fcctcd no conditional contract was limited at as
having heca made. Well the election is now
over, and what is the word; come Mr.. Freetrader
lets hear; tell us what is required of us by the
English capitalists before one cent OF that loan
cGtc'ed 10y Mr.. Ryan can be obtaincd and then
let US see whether the party in power will take
the necessary steps to insure it.
What say the democratic presses on this sub
icct, do they support the principle of taxation in
order 10 relieve our state from the enormous debt
which is now hanging over it! Speak out neigh
bors and let us hear what you have to say; let
the people know what is to done and what may
be expected DauriM (R) Patriot.
Well, as we are always willing to give whatever
information we can to those who appear to need
it, we will tell our respected contemporary of the
Patriot, ain the fcwest possible words, all we
know about ''that canal loan" The Patriot may
be right in its statement that, before the August
election, the public were informed through the CO.
lumns of this paper that large portion of the loan
was actually effected, and such was the case; but
the grand trouble was, and still is, that, by the
law of our legislature authorizing the loan, the
,ch0R Of it is required to be subscribed before any
part of it can be touched This the public were
also informed Of, as we'll before after the Au-
gust election. Since that time, additional sub
scriptons to the loan have continued to hc made,
until, according to our last information, all has
been raised but about $3.50 900, which our COM
mssoners are now cndcayoring to raise in New
York and Boston, with what success we shall pro-
badly hear in very short time.
The advancement of this loan, if it is all sub
scrihed will be accompanied with no conditions.
The bondholdcrs take the canal law as 1t is, and
rely on the good faith and honor of the state for
the fulflmcnt of all her engagements But they
2 think that If operations on the canal are rcsum-
ed, with a a certainty Of It's being speedily COM
plctcd the new impetus it will give to business
here aud the rise il will cause in the value of real
estate, will enable our state 10 pay small tax to
lllctl, " llbt az NuSt " Io'ti'i va WV
on the internal improvement or rail road debt,
and that is Just as we think We can consider
no man as honest, in either public private mat.
tiers, who goes for reputation, and nothing is more
clearly reputation, than to refuse to pay when
we are able The Patriot calls on the democrat
ic presses 10 speak ont in relation to this tax but
as this is not, and will not he made, party ques-
ton, we cannot see what more the democratic
presses have to do with the matter than the whig,
abolition, or any other presses, and therefore, IN
our opinion, the editor of the Patriot would have
shown his sense of proprie,y better if he had told
us what course he proposes to take himself in rela-
ZION to the tax in question, before he calls on
others TO speak out. And as we have repeated
" given the public our views in relation to this
matter, we conceive that we have a right to call on
our DanvI!c friend to let us know what his are.
Come. Mr.. Patriot, you doubtless WELD mighty
influence in all that region of the state round and
abou, Danyillc, and we ,rcmble with anxiety to
know what direction you intend to take. Doyou
90 for or against sustaining the crcdi, and honor
Of our state For OF against reputation For
OF acains, a tax! "Lct US not burst in isno-
r,nre ~