The Yazoo Democrat. (Yazoo City, Miss.) 1844-18??, 1845-01-28

tFampled once PROSTATE humanity under the
assumed sanction Of law and order. When
the barbarian hordes Of Russia overran the
provinces of Poland, the victorious Gener.
al, sitting down among the smoking ruins
Of its sacked and violated capital,
"-drank with enraptured ear,
The shrleks of agonizing death, beheld
| The trightul desoiatou spread, and feit
/ new created sense within his soul
| Thrill 10 the sight and vibrate to the sound"
in that very scene, at that very moment he
wrote back to his despolic master the cele-
brated despatch, "Order reigns in Warsaw"
Thus in the name Of order and religion
all horrors have been Perpelrated, and now
when tyranny has grown more cunning,
\ mankind, all over the civilized world, are
pIundered under preIence of sustaining
public faith and credit. The upholders OF
national debts, lkeHthe ancient advocates
Of the divine,rght of Kings, and the supre-
macy Of Priests, would pursnade US that all
the virtue and intelligence of society are ar
Fayed upon their side, and that to refuse to
pay debt, which he never contracted by
himself, nor authorized any one to contract
for him, is in the citizen an attempt to over
throw the social structure, or to do some
other terrible thing which dOtards might
| fret about.
Ia state Of society where the ability to
pay is looked upon as tho only test of RESI-
pectabllity in the individual, it is not sur
prising that we should find the disincIina-
lion 10 pay what they do not owe consider
ed as extreme prohigacy and Jacobinlsm
in the mass Of the people; yet it is far from
being clearly demonstrabIe that such
state of society or such opinions are best
calculated TO sustain virtue and insure inns
provement; and it would be difficult to
prove that what is called public debt when
not contracted with the express consent Of
the sovereign-the citizens Of the State
is, as to them, moral obligation. If it be
such upon all, indeed it is upon each; and
a man may be accused Of acting dishonesty
if h0 quit the State TO reside elsewhere, be-
cause by so doing he throws upon the shoul-
ders of those he leaves behind, that portion
Of the interest which he himself was bound
to pay, and which he would have paid had
he not emgrated; this legitimate conclu-
sion from the premises being itself an alb
surdity, shows that they too must be untrue.
II we turn our nations to the nations of
Europe, we find that tho system of funding
public debts has burthened the people Of
those countries with a load of intolerable
taxation. The debt Of Great Britain, accu.
INFLATED by the expensive wars undertaken
by her government TO arrest the progress
Of Democratical opinions, has now swelled
10 FIVE thousand millions Of dollars, and the
/ payment Of its annual interest impoverishes
TO the last degree the thrifty and industrious
Iaborers Of that nation. There is not an
individual who does not believe that the
majority Of the people of that country would
be worthy of all praise, were they at once
to rid themselves Of the enormous burthen
imposed upon them by the orders of paper
stock and credit.
The same system Of funded debt and pa
per credit has been adopted in many of the
States of our Union and in Louisiana. In
Europe it is the scourge of the people and
the bulwark of tyranny; lis transportation
across the Atlantic cannot change It's nar
ture: it must be the same thing here. Our
system Of election will not alleviate the
evils il inflicls, for as a government by
means Of funded debt becomes the mere
agent of the stockholders to collect their
interest, il cannot be a matter Of any adj
vantage to the people, that they have the
privilege Of periodically changing the tax
collectors.
In Europe. debts were funded to support
liniouitous wars, and the consequences have
been remarkable. Though the sovereigns
are now at peace with one another, yet The
people have to pay as much annual inter
es. as would keep up a war, as much as
they had 10 pay when war was raging;
thus the great advantage and blessing of
funded debt to them is, that they are COM
pelled to pay war expenses 10 time OF
peace, which is equivalent to eternal war
/ fare. Here ia LOuisiana, debt was funded
by the Legislature, though that body had
really no power whatever 70 bind the SOW.
ereien in that manner, lor the pretended
purposes Of carrying on a system OF inter-
nal improvements, and a banking system.
Now the most a,curale investigation could
not at the present time discover either The
existence Of the former or the benehls 81
the latter, but the people are-Obliged TO pay
an enormous amount Of annual interest,"
Just as though canals and railroads were
interesting the Safe 10 every direction,
and the paper money system vas dong us
the greatest possible amount Of good. II