New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-01-04
TR IR= N z
,.,a-Renudiattoa Certain.

,. Il the States that do not eyince an ankle
Dol a.e7u;nation to provide promptly for the
s s Of their annual interest. l thought
ps inst: but they seem to have had no weight
u'ln ~ minds of your moneycd men, as since
H. Bonds Of this State have improved 25
! 10 80 per cent
A great many innocent and unsuspecting per
.red doubtless led to conclude that some new
,s,nrs in the Finances Of the State has appear
y ,rb;ch has induced the hope that the full
IN Of the interest now due on the Bonds
a lll he nrovidcd for as well that which shall
hereafter accrue. .,
:, the Message of the retiring Governor or in
-. Inaugural of the nowiy-installed one? If
~ cannot see it. Neither has recommended
I ~, thing on the subject. Both have said much
~ the subject of economy, and all that sort of
.h;Dc. but neither has said promptly, sit is now
rour duty, gentlemen, to lay g tax to provide for
nortor at least, if not for ali, the accruing In
.s,pstn The new Governor says he is not yet
snongh acquainted with the affairs Of the State
IL recommend any thing" yet when he was
canvasspg for his election last Summer he knew
Al about her affairs, quite as much, apparently,
as his opponent, Gov. Bigger. Gov. Bigger, IN
his stump speeches, seemed to have some anxiety
about The debt, and endeavored to show the jea-
shlity of Mr. Cost Johnson's plan. as without
some scheme of aid from the sale OF Public
Lands we could meet pay the interest. 1t seemed
70 be Mr.. Whitcomb's policy TO attack this plan
and any other that the Wings spoke Of; but HIM
self offered no substitute.
Allpartics now unite in denouncing the misc
rabe and cxtravagant policy that suggested the
creation Of the Debt each is anxious to get clear
of the responsibility of having favored the Inter
nal Improvement schemes; and neither recon-
mends any thing ike Direct Taxation to pay,
The Debt of Indiana is now about Fifteen
Millions Of s. 6 and per cent. Bonds. To meet
the annual interest on this great sum, including
expense of assessment, collection and disbursc-
ment, making due allowance for dclInquents,
something over $500 0G0-if an assessment must
be made Deducting interest on Bank Bonds,
which the dividends in Bank pay, and some other
items, and near S700,000 must be met By direct
tax.
The time has been when Indiana would have
made sacrifices to pay the interest, and she did
make very great sacrifices to pay one or two OF
the last instalments but that time, if | can Judge
from the feelings of the people, has gone by.
They have so long remained dlshonored. that Their
sensbillties are blunted on the subject, and such
remarks as these are very common =" neverre-
ceved any benefit from these works'-"I did
not know about so much money being borrowed,
1t was managed by the politicians, and shall
do nothing In the nattcr--foreigners ought not
to have lent US so much money"
The demagogucs of the day talk to the people in
the Same stran-always abusing the policy that
created the debt, and by this means n.using into
the public mind Repudiatlve principles. At any
rate there is nst the least anxiety among the peo-
pie speaking generally topay the interest or debt
They would rather, it is true, not have the State
so involved but it gives them no Inconvenience
In any shape. and they have become entirely ~
different on the subject | repeat, that with the
exception of comparatively few, there IS no dis
position to make any movement to pay the debt
Or interest, and, so far as its practicable effects
sre visible there is as much of q repudlatlon OF
The public debt Of Indiana as that of Mississippi
The Wabash Canal will in time do something.
bat as it is not a grand ;horoughfarc for the
country, as the Ohio and Erie Canals arc, or
as the Illinois Canal Will be, if finished from the
fact that instead Of being channel of commerce
between States and remote parts of the Union. it
is merely the channel upon which will float the
,,rod,,ots az Sirc,o district o{ conn
try, rich and fsr,;e i IS trne but not afiording
business to make i Of more npor,ance than the
lateral works alone the Eric Canal in Ncw.York.
The Illinois Can.I Will mite the vast interests of
the Miss;ss;nn; md N;ssor; Valleys with the
Iakes ,rd ~ C,,.,I oon,,,erco and on tbat ;,c.
copnt will ha sscond i' onl, 70 Fr;c IN General
;mnor,anno " N|'''N
'rhesa -, a., I.a;o, % nov. b,,+
h ~, - ~ nopo' 'i'o.', ,oi iliu';'a ~ p"l
No. aAa'ol "I" nv '.ia., ,.s's's -
trio, ~ " s.n' - we ~ -. ~,
snow TS' his evidence to the contrary
49, mere IS |, IS true vague uncertain oP'alon'
sumo ao3 sile WIZ P"I-''is '"9 N,o'. ,i.