Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-07-09

~ The Nashville Patriot, in defending its par
" friends for having voted for the Assessor Law,
says: "Ihe credit of tie State demanded change |
from the old system, and it found that nothing
could pass that would meet the crisis except this
law, and for this reason it was enacted"
We thank the Patriot for its candid admission. I
Will our neghbor go little further apd I, II the /
people what was the matter with the credit of the |
State" what that "crisis that had to be met,
and Who contributed more to produce it than It's |
present candidate for Governor. The Patriot |
means, we suppose, that owing to the extravagant
expenditure OF money from the treasury. both at the
preceding and the session then closing, the reve-
not sufficient by two hundred thousand
dollars to meet the necessary expenses of govern
ment--that the State had, also, several hundred
| thousand dollars of outstanding bonds to meet
that from the recklessness manifested In railroad
legislation the stocks of State had deprecated
and bonds gone down to a ruiuous figure in the mar
ket. All of which resulted from that Wild haz I'D
Gus and extraTsgant policy OF legislation to which
Mr. Hilton contributed as much more than sIsy
| other man. portion OF the democrats who voted
with Mr.. Hatton for the Assessor Law may have
concuTed with him in the belief that there was
'crsis" in the credit of the State which required
some law of this sort, but such admission only
increases the responsibility of Mr.. Hatton for hav-
| ing favored an e1travsgant system of legislation
which created such necessity. The people can
not fail to see it, UniOn and american, July 2.
We give the above article of the Union and
american entire that the readers of the PATR1-
OTmsy see the monstrous absurdities into which
partizans are sometimes forced in the absence
of the sustaining advaD tsges of good cause.
~What was the matter with the credit of
the State2" If you are so ignorant as not to
knew, must take th trouble to inform you.
The Democratic Com ptroller reported to the
last Legislature that he disbursements from the
| TrA FIR Z 10
1st Of October, l $50, exceeded the receipts
$11S,592 81" and that it would deyolve upon
the Legislature at til at session to "provide for
the payment of S125, 900 of the bonds issued
for stock in the Onion Bank, and $50, 900 issu-
ed to aid in the construction of the State Cap
itol." The ere dit of the State was good, but
If the paymen of these bonds were not provi-
ded for, It would be seriously impaired if not
ruined. Sh all we provide for their payment,
and for the prospective deficit in the treasury,
and thus save the credit of the State, was the
| question that presented itself to the members
of the Legislature. Mr.. Hatton aud other
members responded age. They met the ques-
ton as wise, provident public servants, and the
State will enjoy the benefits of their patriotic
conduct. The legislation which created the
necessity for their action, took place long be
fore Mr.. Hatton had the honor of seat in the
Legislature. He had nothing whatever to do
with it. The mischief was the work of 9th.
ers--he only labored to counteract its injuri
Gus effect. And yet the Union and An1sr5
can, without even a shadow of foundation fol
it, charges that the mischief "resulted" from
a 'wild, hazardous, and extravagant policy o
legislation to which Mr.. Hatton contributed
as much or more than any other man."
charge of this character can effect no one iniu
rOus!y except him who makes it. The gauz
which covers it, is too thin and transparent t
hide its true character. "The people canno
fail to see it," Such are the means by whic
the American candidate for Governor is to b
cut down, if possible, by the organs of par
ty, whose reckless extravaganza has run tn
expenses of the Federal Government, in pc
riod of profound peace, up to nearly eight
millions Of dollars per annum Gan it be-
that the people will suffer themselves to
deceived, by such gross impostures.