Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1845-01-22


publican Institutions of this country by
battling The free and regular action Of the
government and substituting anarchy and
violence for law and order. We shall
some time take q review of the events at
which we have glanced, and show the
cloven foot of federalism in every step to-
wards confusion in the affairs of our GO
vernment:
The OLD soNo AeAIN.-In the Huntsville
ALA Advocate of the Sd instant, we have
the proceedings Of meeting in that town
of the bank debtors, (" to take into conside-
ration the relations existing between the
State and such of her citizens as have be-
come her debtors from the operation Of the
Banking System" The meeting '.deplored
with heartfelt anguish the awful calamities
which seem to be impending" THAT is TO
say, the probability of having to pay up,)
and resolved sswithout dissenting voice, .
that the State of Alabama will be irretriev-
ably ruined, e her fields deserted and her
land valueless, unless--those who owe
the State Bank are allowed to fix their
own time of payment! The banking sys-
tenn having g wound itself up in our sis
ter State, the meeting comes to the conclu-
sion that in these times g Money is not TO
be raised by any species Of legerdemain."
These bank debtors also resolve that they
twill pay cheerfully such an amount OF
taxes as may be necessary to meet The de-
ficiency" accruing from their failure to pay
their debts-that is to say, they want those
who received no favors from the bank to
be taxed, to enable those who did to save
the property they acquired BY bank loans
and that they (the bank debtorsl will, like
true patriots, " cheerfully pay" their share
of such tax! All this is the same old
tune over again, and an apt illustration OF
the thieving results of paper money "ie-
gerdemain."
1t appears that Alabama is involved in
the amount of $l4,OOO,OO from her Bank
ing operations; and that at liberal calcu-
lation, scarce s., 900, 900 of the debts due
the bank are considered good. The peo-
pie of that State, therefore, must pay the
remaining seven millions for their expert
ence Of the beauties and benefits of paper
money and banking, besides the immense
loss they sustained by the depreciation o.
the notes of the bank. We hepe they may
profit by the lesson; and we place the facts
on record as another evidence of the man.
ner in which banking and paper money
benefits the mass of the people.
MARYLAND.-The finances of this Sta'e
are in most unenviable situation. Tie
people have been legIslated into an enor-
nous debt-some fifteen or sixteen million:
of dollars-and Gov. Thomas in his mes
sage to the Legislature says:
Arrears of interest are increasing, 81
that what was S899, $50 in 1912, become;
| SI,l71 1874 in 1913, and 81, 450, 96I on tn,
first of December last.''
And that the taxes are insufficient even i
collected, but that the people in some o
the counties refuse to pay the taxes; iha
no one can be prevailed on to accept th'
office of tax collector in such counties; anC
ne assigns as one of the causes of such
state of things, that the people have de
lusive expectation of aid from the Gene
raj Government. Many farmers are leav
ing on account of the exorbtant taxation
ard from all present appearances, it is nj
great exaggeration to say that the State i
moftgaged forever TO the fundmongers.