The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1855-08-25
TU RN QUIT!
High Taxes-FusiOn Policy Devel
ONed,


The Mar sfield Herald once whig, bu,
now Fusion Know Nothing paper, in Is.
boring to excuse the fusionists from the odi.
nm of having created the public debt, in
consequence OF which the taxes of she State
are increased to an enormous amount, has
the following remarks:
"Bnt, possibly, we may be told that por-
tion-of the public debt falls due in 1856, and
that 1t is necessary to provide for this by tax
alton. Very well-let us see. AS appears
from the report of the Auditor of the State,
of January I'd, there was, at the time the
new ConstitHti-A took effect, $3,570,779 Of
the State debt which would, in one sense,
fall due after 1856. That is to say, the
amount would be payable at the pleasure Of
the State after that year. Now, deduct from
this the amount which the Constitution re-
quires TO be raised from 1859 to 1856 inclus
sive, and we have lett aboat the even sum
Of $4,000 900 to be provided for, or left, as
we might choose.
What course then, under such circumstan-
ces would common sense and common pru-
dence dictate! Why, simply this. Issue
new BONDS, HAVING LONGER TIME TO RUN,
FOR THESE THREE MILLIONS; sell them at a
premium Of eleven and fourth per cent
as might be done this day or any other day;
which premium on three millions of dollars
amounts to the sum Of $337 ,5o0--put this
nice little sum as so much clear present
gain, into the State Treasury, and with the
balance pay off and redeem the SO 900 900,
then due. And this course has all along
been open to our sapient State administra-
tion, and to it there is no constitutional OBJ
jection."
Here is fine specimen of fusion fnan-
ceering. cit is true the debt is due and ought
to be paid, but don't pay it nop, shove it over
upon posterity, lett be paid in future" this
Il the fusion doctrine. Will any honest
man approve of such course! No. We
believe that aine.tenths Of the people OF
Ohio, are in favor of paying off the public
debt aow. They want to get rid of the
burthen, and the only way of doing this is to
payit. The policy advocated by the Herald
i not only dishonest, but unsafe. 1t leads
toe continual embarrassment. The same
policy led to the creation OF this enormous
debt. 1t was this policy that during whig
State administration reduced the credit OF the
Stale SO low, that Ohio bonds we're sold al
thirty-eight cents on the dollar in the City
Of New York. and this policy II pursued ir
future, will only prolong the period of EN-
t62fassment and heavy taxation. The In
ovsst of the debt, If none of the principa
teenid, will amount in ? few years. to NOR
and be whole of the present Indebtedness
a. tl.e policy of the Democratic party ha
/ bers "a pay considerable portion OF ou
tered ldnsss each year. and thus gradual,
which wbs heavy load under which the Pso
presence 4 prudent man OF business vii
through theff ihs'paymeut Of > dsbt when j
tations of = simply because - ssn do q
heard 81 tho I.interest. annually. The msF
to realize, on axs his notes to mature ons
vsstasions of The Aieeead Of Paying Of tA'
W resdin the Bible aud j note and length
ines. III sure 10 The end