The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-02-21

CoNDUeIoR- This, sir, is the amount raj
sed By tares epery gear from the people
Of Louisiana, to pay the foreign bond-hol-
ders, and l am now taxing it om Of the
State to Europe to settle NTH h.em.
The train moves on; the farmer stands
staring at it until it is lost in the distance.
He has made discovery; he begins to
think He finds that sixty-fve thousand
pounds of specie are going out of the State,
never again to return; that nothing is to be
received back for it; that it is raised from
the labor of himself and his neighbor; that
this is TO continue for twenty or thirty
years; and then there is to become due a
principal of some twenty-one millions be-
sides. CqAnd a scene like the above actu-
ally take place, the citizens would be. arou-
sed to complete sense of the grievance
its equivalent, the same thing in effect,
must actually take place every year, if
what is called the State debt is not 10 be paid.
If we take the great staple of Louisiana,
Cotton, as a means of illustration, we may
place the subject IN an equally strong light.
The sum of one million, fifty thousand
dollars, the annual amount of interest on
the State bonds, would pay at the present
prices of cotton, for about twenty-one mil
lion pounds, equal to about ffty-two thou
sand bales, which must be nearly one-fifth
of the crop of the whole State. Should we
pay in cotton then, we would have to part
with one-ffth of our whole product. So
much mystery and delusion has been thlown
by cunning around the corruptions of paper
stock and paper credit, that some may be
disposed to doubt the correctness of our re-
suits; but let such reflect, that if the annual
interest is paid at all, it must be paid out Of
the annual produce or labor of the State, the
money cannot be raised by magic; and al
though the whole machinery Of the system
of extortion cannot be seen by every eye,
vet no observation can blind us 10 the fact,
that labor is the only source of value, and
out of it the debt must be paid at last.
To protect individual property is the le-
gitimate purpose Of government, to plunder
property under pretence of government, is
virtually revolution, and no acts of such
a nature can be morally binding upon soci-
ely, for a legislature was never elected
with the power to destroy, by indrection,
that which it is the object of all government
10 render safe.
Should the Legislature of Louisiana have
passed an act, giving asa donation to the
Manchester or Lowell manufacturers one
fifth of the cotton crop OF the State annu-
ally, the consequences would be manifest.
The manufacturers would now insist that
they had reSted rights under the act, which
no succeeding assembly of the representa-
tives of the people could rightfully invade;
that the act of the Legislature, giving them
one-ffth of the cotton crop, was contract
with Louisiana, whose obligation must moi
be impaired. The people Of this State,
however, would treat such ridiculous pre-
tensions with contempt; and reply, the So
vereign power is in the people, who con-
stituted the Legislature to protect and de-
fend, not to transfer and destroy it; were
we TO sanction such an act, we would be
false TO ourselves, to humanity, and TO the
future. It must be manifest that there is no
real difference between transferring one
fifth of our cotton crop to foreign manuiac-
turers, and transferring its equivalent in
money TO foreign bond-holdcrs: the effect
upon the State is the same, the bond system
being the more dangerous, as it is less easily
sifted out.
1t would be needless for US 10 point out
to our readers that this power TO transfer
property by law, is entirely incompatible
with fres government; property and power
are synonymous; take away from the mass
of the people the former and you deprive
them of the latter. Whether this be ac-
complished openly or covertly, directly or
indirectly, is of no consequence; people
who submit 10 it are not in reality free; and
should such system be extended and per-
severed in, it would, like all unj just institu-
tons when too long continued, be terml-
mated by violent revolution.
We submit to all the Natives" in and
about this Illuminated city of oil, lamp posts,
star-gazers, &c. if there is not something in
the following that will Justify the immediate
calling of an indignation meeting. The
Bulletin must protest against this outrage
Cincinnati Enquirer.
From the Louisville Democrat.
The 1oNG TELEscoPE.--How happens ii
that the wings of Cincinnati sent all the way
to Germany, the land of ignorance, pauper-
ism and crime, for the nobfest specimen of
art, and the most wonderful instrument of
science? Recolect it was the people of
Cincinnati who sent--a people by far the
smartest, wise ST and most toploftical of NOR
tails. And they sent to Germany. What
now is their big telescope, but foreigner, a
Duchman. 1t is saidthat the Native Ameri-
can principle will be carried out in this case.