Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1854-02-02

D'f' 70 f>'hOiS P"DA
} debt. 1t will keep enterprising ant
industrious en-the yeomen Of th'
eountry--a population more valua
BILE to State than any other, from
settling among US. 1t will drive
many of our best citizens to othel
States, where they will not be crushed
to death with taxes. 1t will cause
corporate authorities to swallow up the
other interests of the State. 1t vii
make the poor poorer and the rich
richer. 1t will cause your bonds
to depreciate, and thus injure
the credit and high standing of the
State.
The bonds of the State are now
banking capital, made so by the pro-
visions Of the free banking law,
passed by the last General Assem-
bly,. The depreciation of your bonds
would therefore, affect every inter
est in our State. Let them fall to
about half their present value, and
what is to redeem the bank notes in
the hands of innocent holders, is
sued upon the faith Of those bonds
by private. banks? Thus, individ-
uals, as well as the State, are to be
bank krupted and ruined by this sys-
TEN. Sir, | have no doubt there are
members upon this floor elected upon
the Railroad Platform, others upon
the Turnpike Platform, and still
others upon the Plank Road Plat
form. AS for myself, Mr.. Speaker, |
was elected upon the Honest Plat
form, and that was: TO remain out
side Of all combinations for PUBLIC
PLUMBER. Upon this platform have
stood, and am proud to say, am still
standing.
Mr. Speaker, ! am done l have
discharged duty which owe to
my constituents. | am, therefore,.
satisfied. The House will act as it
thinks best. ] trust the bill will be
defeated.
But before taking my seat, / will
refer to the Rabun Gap road, and
the action Of the South Carolina
LEGISLATURE connected Herewith,
on which my friend from Blount,
(Gen- Wallace) has staked his repu-
taiion as a politician. The State of
South Carolina has refused to grant
the aid asked for by this road, being
the sum of seven hundred and fifty
thousand dolla rs (S750,000) She
lis now coming to her senses on this
subject Although gentlemen upon
this floor often speak of the advanta-
ges Of This system of improvements
to that State, she does not herself
seem TO appreciate what gentlemen
think her interest. But if we will
look at the history Of Maryland we
will see that South Carolina acts up
on proper principles. Maryland
stands forward as the pioneer State
in this system, and yet her improve
ments paid nothing for a number Of
years, and to extricate herself she
had to resort TO that odious system
of taxation, which caused the revolu
tien (known as the stamp act,) al
/ though she built hel roads at time
when the price of labor and railroad
iron was only about half what it now
/ is. But these admonitions of histo-
ry are not considered by this House.
Outside speculators must have their
portion of the spoils at all events. :
Those who have interests in coal
banks, iron mines, and marble quar-
ries, cry aloud for help, an a they
must be gratilied at the expense Of
every other portion of the State
Let us not pander to the interest OF
one man or set of men, but look to
the interest Of the whole State. If
We will do this there will be no fear
Of the result