Weekly national intelligencer., 1848-04-29
ILLINOIS PUBLIC FAITH.

The public press has now favorable opportu-
nifty TO show to the world the confidence that may
be placed in moneyed contracts with the several
States of this Union. The recent vote of the peo-
pie Of Illinois to tax themselves has been alluded
to by several papers, but not in the strong manner
which the facts With the present Of conf
dence the European Governments is well set before
the capitalists the this conclusive evidence Of the
regard attached by republicans their public faith and honor,
and is to be hoped this statement will be extensively cir
| culated
The all in OF the vote upon the
sttution in Illinois, and il adopted by very large msjor
y. clause submitted separate vote, which re-
quics the evying OF mill tax be applied exclusively
payment Of the principal Of the State Debt and ire
peaabe till the debt extngushed and in vote Of seventy
one thousand five hundred and ninety seven, there is
ory favor Of ten thousand four hundred Gndhufyo,e
Il is the 6rst instance within my knowledge in which any
people have directly voted themselves to pay debt;
and when Is considered that for all this Indebtedness the
people have scarcely any thing show that emPhat-
cay paying for dead = that quite half the pOpula
lion had hand in creating the debt having come IN since
that tme gives the strongest and ndubitabe evidence
tha, State faith and credit unmeaning words Il is
because the people Of Illinois have felt the acedness Of
these claims that they have this vote themselves
and though have only done duty that something to
be commended in these days.
And is The tar payers that have done it, During eec-
ton day about the polls in Chicago much Of the time,
and the poorer the be rallied sganst The tax
One would have supposed their Liberties 10 jeopardy from
this outrageous attempt Of the rich to grind the poor very
large part Of the foreign throughout the State must have
been cas-, sgans, the measure But the property
Up their duty manuy and ncby and as the result
the public faith is upheld.
Under the constitution, too poll tax may be levied,
,onoo az
Illinois, according to her means has been Of the most
deeply indebted States But great canal is finished,
and lis income must be large with small expenses for repairs;
and with this two-m tax, and poll tax, and the present
mill tar which is applied sscredly the payment
Of interest," our State creditors will nd their payments rapidly
increase and willing hazard the opinion, and TO pot
il on record that less than years win Illinois paying
full interest," and rapidly diminishing the principal Of the
debt.
ought perhaps to add in this coaneHion that have not
dollars interest in Indebtedness and only draw aiten
ton 10 the matter because Inoisan proud 10
point 10 this strongest evidence ,ha, people have integrity
and principle and indeed worthy reside in that great
and noble State.
And our Union made Up Of such States Of which Illinois
is one Of the weakest get. With what unlimited conf
dence them should capitalists home and abroad trust in
the securities Of Government having such solid basis and
knowing that, rather than become repudisIo they viii vote
tar upon themselves The people in Europe endeavor
ing get rid Of their national debts voting pay them.
4 NEw YoRK, ArRfL 25, ls4s. Us. w.