Arkansas true Democrat., 1860-06-30
Number g.

cry packed convention,' "unfairness,"
 fraud, misrepresentation, etc., etc., when they have so little to sustain them in their charges. We acknowledge. Col. Johnson and his friends all acknowledge. that so far as the vote of Van Buren coun- ty IS concerned, the proxy who cast her vote was deceived by villianous forgery, but that he acted in good faith, and in con sciousness of light none will deny. MT. Yerkes has been too long engaged in pub- lie life to be the participant in an act which his good sense must tell would recoil upon him with the force of an avalanche, and blot out forever that good name which he has so long and deservingly maintained.-- He must have known that forgery so pal pable must inevitably be made public, and consequently prove great injury to the cause which he advocates.
 One other matter in connection with the convention and we have done. Judge Rec tor attempts to make point upon the non- representation of some ten or eleven coun- ties" in that body, and argues that those counties are as apt to be adverse to, as ta- vorable to the cause of the nominee. This. it appears to us, to say the least of 1t, is a very unwarranted assumption. The mere fact of those counties having failed to send delegates, is prima facie evidence, that their confidence in the wisdom and patriotism of the democracy was sufficiently strong to induce them to repose confidence in their selection, and can only be construed as a tacit acquiesence in that selection, and this. sce are inclined to Mink, is Me view mhich Judge Rector took of Me matter 5efore he became q candidate.
 In relation to internal Improvements, the opposing candidates do not materially disa- gree-each of whom entertain liberal views upon the subject. As regards the Pacific railway route, Col. Johnson positively re- flutes the charge that he does, or has ever opposed the thirty-ffth parallel. He ex- plained his advocacy of the thirty parallel in manner satisfactory to the peC- pie of western Arkansas. It is a matter well known in the South, that the people of the North, through their representatives in Congress, will not consent to aid in the construction of an extreme southern road to the Pacific. If that enterprise is ever car ried out, the selection of the route must be compromise between the opposing sec tions in Congress, and it would be sheer nonsense in the South to advocate a route as far north as the 35th parallel, and then be forced to compromise upon the 39th-- a route too far north to be of any positive value to her people-and is looked upon by the people of the North as the ground upon which the final fight is to be made
 The financial condition of the State was also fully discussed by both gentlemen. each advocating his own particular theory as to the best means of relieving the State of the liabilities incurred through the Real Estate and State Banks, which amounts to two millions and four hundred thousand dollars. The liability of the State on ac- count of the Real Estate Bank is about S1, 400, 900; this sum is secured by mort gages upon lands valued at S3.00O, 900, and IS not due till 1868 Judge Rector urges that these debts should not be touch- ed till due, and that the money now in the treasury should be appropriated to works | of internal improvement, while on the other hand Col. Johnson argues that all the | available surplus means of the State, should now be appropriated to the liquidation of those debts. The bonds of the State of Arkansas are without value in the mar kets, and the holders of those bonds would will | lingly dispose of them at sacrifice. In view of this fact the policy advocated by Col. Johnson appears plausible, and best calculated to result in the greatest good to the State IHe present condition of the credit of tie Stote IS c burping shome upon her people, and acould t not 6e Jar better thot Ter debts 6e poid, and her credit restored, Man to inouqurdte policy mhich is certa,n to inuolve Ter more dceplys It is true that our State has small surplus in the trea- sury, but she has not enough to extend that material aid which would be required to carry out the policy advocated by Judge Rector, and if the money now in the trea sury should be appropriated as suggested | by Col. Johnson, 1t would not only have the effect to restore and elevate the charac- ter and credit of the State, but would in q very great measure relieve her of that one- rous burden which'is so detrimental to her good name abroad Ihis deM must De paid or repudiated, and if a is Me determination of the State to pay it, acould n not 6e tar bet ter to begin a now, achile her bonds are so far 6e7ow par, Man wait until Meir maturity, achen she would haoe to pay dollar .tor dollar wiM interest phich IS daily augmenting the amount We think it would-hence we accord to Col Johnson an unqualified ac- quesence in the line of policy which he has marked out to pursue.