The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-04-30
For the Union.
llllu ola Public Faith.

The public press has favorable opportunity to
show to the world the confidence that may placed in
moneyei contracts with the several States of this Union
The recent vote of the people OF Illinois to tax them
selves has been alluded TO by several papers, but not in
the strong which the facts warrant. With the
present overturn OF confidence the European govern
ments it is well to set before the capitalists the
water this conclusive evidence Of the egarl attached by
republicans their public faith and honor and is TO be
hoped this statement will be extensively circulated
The all in OF the recent vote upon the new
constitution in Illinois, and it is adopted by very large
majority. clause was submitted TO separate vote,
which requires the levying of twomill tax, be APP
pied exclusively the payment of the principal OF the
State debt and rrepealable till the debt is exngnshet
and in a vote of seventyone thousand five hundred and
ninety there is majority IN ITS favor oil ten thou
sand four huadred and Mlfiyone.
1t is the first instance within my knowledge IN which
any people have directly voted 10 TAX themselves to pay
lebt and when considered that for all this ndebt-
sdness the people have scarcely anythng TO show that
il is emphatcay "paying Tor a dea horse tina. quite
half the population ha no hand IN creating the debt
having come in since that timet gives the strongest
and most nubabe evidence that State faith and credit
are not unmeaning words 1t is alone because the peo
pie of Illinois have felt the sacredness OF these CLAIMS
that they have this vote 10 tax themselves; and
though we have only done duty, that is something
be commended in these days,
| And it is the tar payers that have done IT. During
election day. was about the polls in Chicago much of
the time and the poorer man was, the more ne rallied
against the tax One would have supposed their ber-
in jeopardy from this outrageous attempt OF the
rich to grind the poor very large part of the fore
vote throughout the State must have been cast against
the measure But the property holders stood up to their
duty maniuy and nobly, and, as the result the pubic
! faith is upheld.
/ Under the new constitution, too poll-tax may be
levied, which will be AMI important source OF
revenue. .,
illinois, according to her means, has been one of the
most deeply indebted States But great canal
finished and its income must be large, with small eX-
nenses for REPAIRS and with this mill tax and poll
and the present mill land ahalf tax, which is applied
sacedy the payment OF interest our State creditors
will find their payments rapidly Increase; AMI am vii,
ling 10 hazard the opinion and TO put il on record, that
less than years will see Illinois paying l interest,"
and rapidly diminishing the principal OF the debt
ought, perhaps, to add in this connexon, that have
not dollars interest in State Indebtedness, and only
draw attention to the matter because, as an inosan,
am proud to point this strongest evidence that our peo
ole have integrity and principle and are indeed worthy
| 10 reside in that great and noble State.
And our Union is made up of such States, OF which
Illinois is one of The weakest as yet With what unlim,
tied confidence then, should capitalists at home and
abroad trus, in the securities of government having
such solid basis and knowing that rather than become
rennd;ators they will vote tax upon themselves The
peope in Europe are endeavorng get rid OF their ma
'''"' '''''' j. s. W.