American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1846-03-10
Amcriton Republican,
AND
BALTIMORE CLIPPER.
TUESDAY MORNING, MARCH 10, 1916


" hope, that the bill reported oy MI Johnson
chairman of the committee of ways and means,
IN fund the arroarages of interest on the public
debit which was rejected in the house of dele
rates by close vote, but subsequently recon-
sidered, will pass into a law 1t would be UNI
lust to leave this portion of the public debt I'M
provided for and it would be impolltc to at
tempt to provide for it in the manner required
BY the proposition of Mr.. Murray The bank
stocks, which he proposes to sell, yield an in
terest of six per cent, whilst the market va
lue of the stocks is below par; if sold, the
state must, therefore, make sacrlhce' we
see no necessity for this; for we believe that
the public creditors will be perfectly satisfied to
wait for the principal of the amount due them,
if they can be assured Of the regular receipt of
their interest. The revenues Of the state APP
pear to be ample to discharge the interest upon
the existing stock, together with that which
would be created by funding the arrearages of
interest, and also to continue the regular ap-
propriation to the sinking fund. With this
we should be satisfied at psesent, the great OBJ
iect being to ro-cstnblish the credit of the
state We would not strip the state of all
Of its productive capital unless it were inds-
pensibe to restore public credit, which is not
the case. Let us then, fund the back interest
aud fix as early day as may be practicable,
for the resumption of payments, and old Ma
ryland will once more stand in an honest atti-
tude before the world.
This is the last day Of the session of the le-
gislat1re; and it may be that the measures no.
ticed above will have been acted upon and de-
cided, before this article will have reached An
napolis-if not, we beg leave TO assure mem
bers, that so far as we know public sentiment
the course recommended by the committee of
ways and means, both in regard to an early
resumption of payment and the funding Of the
arrearages of interest, will receive general ap-
probation.
L7We regret to say the bill was again re-
jected in the house yesterday-ayes 80, nays 40
SENATOR HAYwooD's SPEECH. In the brief
notice which we took some days since, of the
speech delivered by Mr., Haywood, in the U. S.
Senate, on the Oregon question, we expressed
the opinion that he had spoken the sentiments
Of the Presidents and that there was, therefore,
ground for hope, that the difficulty between
Great Britain and this country, in relation to
that subject, would be compromised. 1t APP
pears from the National Intelligencer of yes
telday morning, that the opinion which we
expressed, was entertained by most of those
who heard Senator Haywood's speech, and
the furious attack made by Senator Hannegan
on the Presdent-hs violent denunciations of
that officer, in consequence of what was utter
cd by MIR. Haywood, prove, that he had also
the impression that the latter spoke by author
ity. owe doubt" (says tho Intelligencer,) eff.
there was a person present at the scene of.
Thursday, besides the editor OF the Union, who
was not satisfied that Mr.. Haywood spoke UNI
der the sanction of the Presidents personal
communications to him. Had this not been
the case, Mr.. Haywood could not, as friend
of the President have remained silent under
the searching interrogatories Of Mr.. flanagan
ana MI Alleh' Assuming 10 express tle
Presidents views, it was his duty to relieve
that high officer from the responsibility of his
statements, unless they were warranted by di-
rect authority from him. Possessing that au-
thority, it would have been breach Of order,
as well as of decorum, to avow it, and he there
fore very properly refused to answer. MIR.
Allen avowed such to be his Interpretation of
Mr.. Haywood's silence; and such, we pre-
sumo, was that of every auditor, excepting the
editor of the Union"