The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1858-02-26

whatever more they received beyond five
per cent. went into their own pockets, en-
riching them all, the people being com
PEELED TO make up the amount by taxation.
The result of this kind of management,
has been to increase the amount originally
received on the part paid bonds, and just
ly due by the State--shown above to be
less than one million dollars--to nearly
two millions.
If the locofoco administration had
promptly adjusted the outstanding bonds
as the republicans did, and applied the
money IN the Treasury to the payment of
interest upon that part OF the State. debt,
instead of using it for private and party
purposes, the State debt would now be
just $4,000 "A less than it is, and the
people would be obliged to pay Just FIFTY
SEVEN THoUsA.;D DOLLARS less interest
annually nan is now imposed upon them.
2. surplus in the treasury of four or
i've hundred thousand dollars, from year
70 year, IS very pleasant thing to talk
about, undoubtedly if, the State were out
OF debt, and there was no other use 10
put it to, and if the the Locofocos had
discharged all our honest liabilities
then they would have been Justified in
the loud shout of exultation, which has
recently been the burdens of all their
songs, over the large amount they hand
ed over TO the Republicans But when
it is kept in mind that this money was
retained for purposes of private specula-
ton, while creditors of the State were
kept out of their honest dues, and the
State debt permitted annually to accu-
mulatc, the charm Of the thing suddenly
and the hypocrisy, and cor
ruptlon, and fraud of our Locofoco rulers
stand exposed to the people in all their
native uGliness. So far from full treas.
ury afOrding subject of congratulation
under such circumstances it is positive evil
dence of dishonesty on tue part of those
who permit it, and a great wrong to the
people rs well as to our creditors.
The Republicans, as We have seen,
changed all this upon coming into power
They ascertained what the State debt
honestly was, and then used the surplus
n the Treasury, about which the Locofo-
eos are are Boosting SO loudly, and which
hey used 70 speculate upon, to pay the
interest upon 1t, to complete the State
Institution which the Locofocos had COM
nenccd and left unfinished, to erect others
by the constitution and re-
luired by the public good, and to pro-
note generally the interests of the State.
The money, therefore, which they found
IN hand, has to diminish the State debt
nd for the other objects specified, in
toad of being retained in the Treasury
or their own personal benefit, as it has
'een for so many years by their unscrupu-
Gus predecessors. This is the course
which every honest and intelligent bust
less man would pursue in his own private ,
fairs. If he were to pursue the course ,
which the Locofocos did-let his money
e idle, and permit his honest debts to
emain unpaid, and the interest upon
hem to accumulate, he would be pronouc- I
d knave or fool What is wise and !
oncst in a private individual, is equal {
Y wise and honest in public officers, and .
hat is foolish and -dishnRAst 50 az, I
In view of the facts we have stated. G
C have not the shadow of a doubt that t
he people of Michigan will warmly mp c
rove and efficiently sustain the Republi- 5
IN administration in the policy they have a
loptcd in using tho money they found in
ne Treasury when they entered upon v
fice, and that since come into it, in pay,
e the interest and reducing the princi.
n of the State debt, and in completing *
II public institution even though it has Il
Try nearly exhausted the public funds - :
Re believe they are too honest to desire +
'lf a million Of dollars to be kept in the /
while the State honestly owes 7,
When the public debt shall be paid 81
I, our asylums and other necessary in o.
buttons finished, they will PERHAPS be &c
sposcd to tolerate their servants in some u
tie private speculations with the public "
ads. Until that time come, they will
efer such an application of them as the if
epublicans have made, to a full Treas to
y and dishonored credit. DIET Ia, be-