Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1844-11-29
state Credit.

The election of Mr.. Polk settles for the present,
if not forever the question of distributing the
proceeds Of the sales of tho Public Lands to the
Suites. The debtor States can no longer look to
that source for aid. They are now thrown upon
thoir own energies to restore their credit. And
will they not make the effort!
As to Illinois, much has been said, and some
thing done towards obtaining additional funds to
complete her main line of canal. The negotia-
tons in Europe and this country, have been car
ried to the point of ascertaining that tho funds
can be had for the purpose. provided the State
Legislature will pass the requisite acts for secur-
ing tho payment Of tho interest and principal Of
the new loan, for the gradual reduction of the old
debt. and providing by Legislative pledge of the
State faith. for the punctual performance of the
new engagements Of the State. This, we under
stand. is all that is wanting to relieve the credit
Of illinois. This she Gun easily do if she will.
Will she take the proper steps! We notice in an
On stern per a letter from Governor Ford on the
subject. He writes encouragingly. and if he will
take firm stand ut home, and before the Legis-
lature of the State, thero will be little real diff
Guilty in the way. The people getting res
tive under the stigma of reputation.
In Indiana. the public mind is assuming firm
er. moro healthy tone. The embarrassments of
the business community are passing away, and tho
people becoming moro and more alive to the obli-
cations Of honor, to State character. and State
pride. We much mistake neghbors Of Indi
ana, if they will not hen rty second any effort of
the Executive and Legislative departments of
their government, to place Indiana where she
ought to be, among the first Of the states at every
ha card determined to maintain their integrity and
honor. They arc tired of epudiation-ashamed
of it. We do not questio0 the patriotism of her
Executive, though he differ with in his general
political opinions; and do him moro than
strict Justice, atribut:ng to him strong desire
to the credit of the state. If he is satisf'
ed i: can be done, persuaded he will move
ca rnes,ly in tho matter. Sensible ho must be,
that no who will do most to remove from the state
the foul blot Of reputation, will lay for himself
the foundation Of fair fame, lasting reputation
for high integrity and honor. Wo are we'll con-
| WINGED, that Indiana now. if she will come
boldly up to tho work, and enact laws authorising
the funding of the unpaid interest on her debt.
extending the time of payment of the principal,
providing permanent fund to meet punctunlly
the interest hereafter to accrue, obtain the willing
assent Of her creditors to such arrangement.
Tha: done, her means are abundant and her peo.
pie will be proud of an opportunity to moot tho
burdens required to restore and maintain their
pledged faith and credit.
| We have no right to advise in this matter.
Ohio will maintain her credit if she stands nlone.
But We have an interest in tho credit Of her sister
sates for though their credit is not her credit, yet
tho credit of oil the states is essential to the
National credit, at home and abroad and in the
National cred, we have dcep interest. Besides
Indiana and Illinois are part Of the old North
western Territory as we'll Ohio, and wo feel n
deep and abiding anxiety that each and all tho
states carved out Of this good old Territory should
preserve their honor unta rnished.-Cin. Gaz.