Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-12-19
TIE WILMINGTON JOURNAL.
the commissioners Election.

The Democrats will not permit themselves to be
drawn into an aimess excitement ever the municipal
election, nor will they be parties to any heated ais
cussion, the tendency of which might be to draw the
vel of parzan feeling between the eyes OF any por-
ton of our citizens and the real facts as they exist
For our own part, to say but little, and that
little CALMLY from feeling OF what we believe to be
dino n our Marty and not from any desire for conro.
Versy.
A meeting was held in the Court House on Tues
dov night which passed series ofresolutions mark
ed by singular bitterness when it is horne in mind
that they proceeded from party whose opponents
were running no ticket--courting no contest-leaV-
ing The track clear and open he walked over, paced
over trotted oI gallopped might suit The
taste of those entering But passing over this heed
essY bitter tone let us look at charge against the
Democratic party contained in the last resolution
passed by that meeting:
soped That the preamble and resolutions adopted at thu
Democratic meeting the 18th inst and published IN tn'
JUoI Of today are calculated to nure the credit of The
town abroad and thereby deprecate the value OF the
bonds and embarass the administration OF the town lo
ensuing year.
Unfortunately it would appear that the onence
with which the Democratic party is charged Is
wholly beyond its power to commit. If We are night
1900
hand for months upon months-offered per cent
interest on them, and sold-not dollars WORTH ou
of the thousands they are authorized TO issue. we
have heard that some two hundred dollars worth hao
been parted with, for fair equivalent, no DOUBT Out
none at all sold 1t would strike most folks after
rejecting upon this, that the mere statement OF
well known fact by the Democratic party, could NOT
deprive the Town government of mnch credit abroad
It would be hard for them to do with The sale
OF bonds than they already have done we most
sincerely trust they will DO better. With the un-
questioned security The bonds, and with the rate OF
interest offered, they present capital investment and
the wonder is why no mole of these bonds have
been disposed Of little discussion of this matter
might improve the saeabity of The bonds. 1t eo"d
not injure it. 1t could not depreclate the market
value OF bonds which under the existing egams never
have entered the market at all.
Wha, have the Democrats DONE that hue and cry
should be raised against them? They have stated
that the town is embarrassed The Mayor in his re-.
port admits the same thing we don't believe any
body seriously denies it. They have stated that
thinking men pause before assuming the task of its
extrication. The members of Committees on either
side who have had in band the formation of ticket,
know how true THIS 10. O meet the nnanclaI 0lIncui-
ty full in the face will necessate heavily increased
taxation, much trouble and much uneasiness caus-
ing much complaint and not little pressure. Men
who have been excluded from all participation, al a
time when that participation might have been useful
in preventing embarrassment, do not care for coming
in just at that precise period when the pressure of
these endorsements begins to be elt and the Dem
oCraC party did not feel that had any right to urge
them.
as The exhibit made by the Treasurer, shows that
things have progressed IN advance of the means Of
the Town in the present state of affairs That the
whole debt for the large ownbulding must go over
to the next year, floating and unfunded; that the
thing must go on bonds or no bonds or suffer grea
loss on what has been done. All these things
and more that might be mentioned, showing at leas
this much, that proper balance between ends anc
available means does not exist that either grea
mistakes were made in the calculations, or that nc
calculation made
Any excited defence of the board against abuses is
thrown away, so far the Democratic party is con-
oerned since the resolutions contain no imputatOr
upon persons, as SUCH
They state what 10 believed to be the fact, nothing
more. ANY excitement of any kind is thrown away
when there is only one party to it. Any talk about
njuring credit is all a mistake. Democrats have some
little property that is embarked in the ship.