The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1845-08-27
Etor, Hase,esIr, On SLaleman.
ffVHt AA"~e"etts S's'S 't@'l'"'~''
The State Debt.


The State Debt.
The State Journal of last evening has the fol- !
lowing /
"The debt of the State has been increased
enormously during the predomnance OF locoioco
counsels, and the eyes of the people have been
blinded TO the fact We shall soon know where |
we stand, aud when soundings are once obtain
ed, il will be the object of the wings Of Ohio not
only 10 prevent the increase OF the State Debt,
but to make provisions to meet all demands
against the State, in such manner as TO preserve
her credit and prevent the increase OF public
burthens Wisdom, prudence and integrity above
suspicion, are necessary 10 such work."
The increase of the state debt is attributable,
not to the democrats, but to the wings, who, in
this as in all other states in which debt exists,
have been the advocates of its extension. In
Ohio, as elsewhere, The democrats have ever
been the opponents Of public debt, unless con-
iracted for purposes which necesstated such a
burden being placed upon the state An exam
iination of the legislative history of the state will
show this to be the fact; and no whig attempts
can blind the people to the truth.
The Journal says that the wings will ''make
provision to meet all demands against the state"
L sc. How will this provision be made? BY
taxing the farmer, and allowing the capitalist 10
escape? By granting to the poor the privilege
of paving the state debt, principal, interest, and
all? The patty which grants an exemption from
the public burdens 10 the very class most capa-
bic of assuming them entirely, cannot be relied
upon for the passage and maintenance OF such
laws as will enher uphold the credit of the state,
or preven! lis liabilities from being indefinitely
increased.
There is something absurd in the very idea OF
the wings being the party which maintains public
credit Under whose rule was it that the stocks
of the State of OHIO were sold in the New York
market at one half their par value? Was the state
in the hands of the democrats when lis credit
was reduced 10 such pass as this? Was a de-
mocratic state administration under which this
condition OF things prevailed, when even brokers
in the eastern cities scoHed at our credit, and
laughed at the idea of our stocks being then good
The people of Ohio had done nothing thus &c
reduce the credit of their state--democratlc ad
minisrations had done nothing to bring abou
such falling off in the opinion held Of our pnp
lie laith;-it was the work of the wings, OF the
very party whose organ calls upon the people tc
place them again i'll the ascendancy, TO the eht
that the credit of the state may be maintained
Was ever absurdity more richly displayed? Was
ever "A more thorough contempt of popular intel
gence manifested, in even a whg paper? Poo
indeed must be the opinion of any man of the
intelligence OF the people ofOhio, who can fora
moment suppose that they will regard the whIE
party as that which by its course uphods STATE
credit. No one we'll acquainted with the history
of the different states during the last ten years
will for an instant be deceived by the loud claim
Of the wings TO be cons dcred the party whcl
. IS specially connected with the maintenance o
the public credit. In New York, its course wa
such in regard to the public debt, that portion
of its own members abandoned it, and placed ;
/. democratic administration in power, which haC
the effect Of restoring confidence. In Massachu
setts, when the credit of the State was shaken
the wings refused to lay the slightest tax necessa
Try TO restore it, and contented themselves wit
r passing what were called at The lime sophomore
9 resolutions coudemnjng in other states conduc
! very like their own. In Ohio, the credit Of tht
state sunk 50 low under whig rule, as to depre
: rate the value of our public securities onehali
/. Other Instances might be named, showing hoy
= much better has the public faith been manalne
/ by the democracy than by the wings, were it ne
! cessary to do so, which ii is not.
d Not the least important OF the results OF tn
Y election which Is to take place in Ohio in les
;. than two months, will be its effect OH public Gre
dit If The people of Ohio wish TO have the crc
If dit of the stale maintained, they must place pov
70 er in the hands of the democratic party, who, b
Is the practice Of economy, a wise adminisrato
st of the finances, and the adoption of system {
ID taxation rigidly equal, will place it beyond eve
!, suspicion in the worst OF times.