Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1845-01-08


sold, for the benefit of the future inha6it-
ants of that growing State, amounts in the
aggregate to $I2 ,2Is ,OOO-the annual inie-
rest on which amounts to s543. The
Indebtedness of the State in the way Of
Treasury notes, &c. amounts TO 81 500 200.
The Governor says
1.-THE extent of the debt, the actual con-
dition and means of the State, and a more
thorough examination of the whole sub
iect, have only served TO confirm me IN The
opinion l expressed on former occasion,
that II is beyond cur p0lcer 10 NEE. our ta-
biliies. Indeed, so far As nv observation
has extended, the opinion advanced by
my predecessor in his last annual message.
&" that we cannot new pay the interest on
our public debt" is universally entertain
ed among the people of the State"
His Excelleney transmits several dun
ming letters received from the bond-holders,
and recommends that commissioners be
appointed to compound for the settlement
of the bonds on some terms of compromise
The fundmongers will find Z" dry pick
ing among the Hoosiers- These honest
producers Of corn, flour, and v hiskey, can
not afford to pay bonus for a 8 home mar
ket," and then from the proceeds Of the
low prices of their products, pay such i'm
mense indebtness-expended without be-
neft to one in hundred OF them; indeed,
we imagine it would puzzle the shire widest
among them to tell how so vast an amount
of money was spent at all. Estate faith, +"
honor" dignity" and-sO-forth, VIII lose
all charms in Indiana, when the cost j.
twelve millions of dollars-four, TWO dol
lars and half barrel, corn, bin bush
Ell, whskey, dime a gallon, and pork. a
dollar hundred. If the men Of bonds"
will compound very literally with the Hoo
siers, their State will escape the &" foul BIO,
of Reputation" and be saved from ever
lasting disgrace in the eyes of-the editor
of the Jackson Reformer. Cther States
Maryland, Illinois, Louisiana. for instance
are in a still worse condition, and ! re-
fusal to compound or compromise, might
give serious shock 10 the whole system
of credit finance and funding.
rWe have copied, IN another column,
an article from the Mississippian in relation
TO the proposed levee on the Mississippi,
from The mouth of Yazoo 70 the Chickasaw
bluffs. We are disposed TO believe. from
our slight knowledge OF the country, thai
the cost and magnitude OF the work (to -
rendered effectuaIl, has been much under
rated. The benefit TO the State, in Undue
ing settlements in the reclaimed swamp,
and TO the United States, in rendering
saleabIe an immense tract OF fertile land
now subject to overflow, cannot Be over
rated. We shall refer to the subject again,
and probably publish synopsis o. the re-
port made to the legislature BY the engineer
sent by Gov. Tucker to examine and re-
port on the 2racticability and cost Of the
proposed work.
Our neighbors in Louisiana and Arkaa-
sas are moving with much energy in rela-
ton TO levees on their side OF the river /;
and we hope our people will not suffer the
great work to which We have alluded, If
its completion be practicable, to Be delay
ed from want Of energy and perseverance.
THE "BRiTlSH GOLD" HUMBUG.
During the late canvass, the wing tariff
papers from Maine to Louisiana, teemed
with stories in relation to a large sum in
" British gold" which had been Sent over
to influence our elections. The Lo.don
League, of Oct. 10, thus puts this silly
story to rest:
"THE AMERICAN PREsIDENr.-By the
late arrivals from America, it would aD-
pear tha. considerable change Is taking
place in reference 10 the prospects of the
two candidates for the presidency. The
friends of Mr.. Clay seem to be less conf
dent. but more violent in their language.
which, Tor vltuperation, certainly ecipses
anything we ever read in Europe. We
observe that their newspapers have been
forging political capital by spreading the
report that the free traders in England
have subscribed 100000 to assis, in
carrying the election of Mr.. Polk. We
expect to hear next that we are setting IN
new dynasty at Pekin. By the way, the
inventor of this stOry-the editor Of the
New York Republic newspaper-ough, To
be whipped by his employers for the clum-
siness with which he has forged what
Sheridan calls the endorsement 10 the
lie.' He Pretends 10 give report Of the
public meeting IN Manchester, at which
this subscription was commenced, and outs
the lord provost in the chair! Be il
known TO all interested, that Manchester
has no such functionary; and we need
hardly add, that the persons over whom he
had presided-a long list of whose names