Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1851-08-02

"In the year Of grace" 1851, July 26th,
which was as near Saturday last. as can be
ascertained, there appeared in the Saudusky
County Democrat, two very lengthy labored,
and intended to be able articles. on the late ac-
ton of the New York Legislature in passing
alaw to borrow 100000 to complete the
canals ofthat State. for the payment of which
is pledged the revenues to be collected from
them.
| The editor, in his first article. has labored
very hard to prove that said law has irreEoka-
bly, fastened apon the people a debt, that will
eventually have to be paid by the State. He
says that it is all folly for the Wings to claim
thasno State debt has been contracted; that
it is mere deception for them to claim that the
revenues of the canals merely are pledged for
its liquidation. Hear our .neighbor:
sBut mark the present state Of things in
New York The Wing party has rule. and
Immediately plan is devised TO issue So. .o0o,-
900 stock, for5the benefit of Wing bankers
and spectators They pledge the revenues
of the canals in payment, and therefore claim
that no debt is created. The
Wings of New York claimed to have disco
vered method by which nins millions of dol
lars can be borrowed, and yet no State be5t
be contracted How ridiculous,to every man not
totally blinded by interest or party strife
Our neighbor, in his zeal to show that a
State debt has been contracted, has departed
~
a little from the truth, in stating that the
Wings claim that no debt at all has been con-
tracted. The new constitution of New York
provides that the revenues of the canals may
be used for their extension or completion, and
in passing the nine million aet,the Wings have
merely pledged those revenues for its pay
ment. They admit that debt has been Gre
ated that viii have to be met by the proceeds
of the canals only, but claim that the State
cannot derive funds from any other source for
its extinguishment Therefore, no State debt
has been contracted. ae
But Mr.. Orion in his second article, forget
ting the arguments he had used in his first
to prove that a State debt has been contracted.
bears US out in our position thas no State debt
has been entaiIed upon the people. He says:
"The $9,Oo0.ooo certificates about to be is
sued, do not bind the State. The State will
no more be holden for their payment. than for
the debts of Louis Napolean. It will be well
for those who think Of purchasing any Of
these certificates, to take this fact into account
The certificates are in no sense, and under no
circumstances. binding upon the State. They
are secured only BY fourth mortgage upon
the canal revenue"
In his first article, the editor of the Demo
crat was compelled to assume that a State
debt has been contracted, in order to convince
his readers that it has always been the policy
of the Whig party, to saddle upon the masses
a large debt; that it has constantly labored to
grind to the dust the hard-working and labor
ing poor, and that it has always been highly
''liberal and watchful over the interests Of the
few and favored rich" In his second article,
the editor has evidently been trying to get at
the same thing but uses a contrary set of ar
guments, or rather assertions.
We shall make no further comments upon
these two learned opinions of the editor Of the
Democrat. We shall let his readers explain
away their antagonistical features as best they
can; but we will. with all due Difference to
the seniority Of our friend, give him the fol-
lowing bit of advice: ''That when he wishes
to convince his readers Of a falsity in relation
10 the Wing party, or Wing measures, not to
forget in the afternoon, what he had written
in the forenoon