The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1861-04-24
For the "Spirit."
treasury Defalcation-Salem Once
More.

s1hoW AAA-I Af EkS: we. III cOEnec-l
ton with a respectable number of the
tax payers Of our township, sigued some
three articles that have been recently
published in the "Spirit" These articles
have called out some spirited and vigor
Gus replies and seme comments We |
deem it but just that we should be heard |
again in relation to what is past, and as
much oflener ia relation to what may
come, as the circumstances and the signs
OF ths times may seem to US to demand.
| In the spirit" of the l 7th of A pril. !
is sn article which We signed "pro.
testing against the borrowing of SIC, 900
for ten gears at eight per cent - that
this sun in ten years would amount to
the sum of $21, $50 "a cents at per
cent, &C." The editor ia his very Sc
we're remarks upon and aboat this pro-
test, "eant calculate how ten thousand
dollars in ten years at eight per cent can
amount to $2l ,5s9,a4," We will refer
him to Rays Arithmetic, part third. page
24l, for the 6gures--we supposed him
tc be good authority aRd was endorsing
Mr. Rays figures as laid down in his ta-
HE of interest. This is the amount the
ts',3er could make out of the $4,000 at
iS per cent if the interest wss paid an
nually--if paid semi annually he could
make considerably more.
Now, whatever the lender makes by
The transaction the borrower pays--give
either of us per cent for $4,000 for
ten years, and at the end of that time,
| the interest being paid semi annually, we
viii exhibit to you an amount coasidera-
bly, larger than s2l,5sS,24.
Ii this is true, as it most certainly is,
OF individuals, is it not equally true as to
the taxpayers of the county? So much
for the figures that appear SO 'incom
prehensible. Again, the Editor lashes
the, citizens of Salem "not protesting
, against the passage of the law while it
3 was pending before the Legislature. y
We would simply ask how we could con-
sistently pratest the passage OF bill by
, the Legislature, when We we're not &C
; qneinted with, nor Informed either by the
Spirit" or cur Representative as TO a
: single enc of lis provisions! The mere
! title Of the bill being all we had to guide
5 US until the law was was published in
2 the Spirit" on tie Sd of pril: but one
ssue of the Spirit had seen the light af.
j., ter said publication, until the protest from
7 Salem appeared. The editor berates ut
s for our tardiness. We are inclined to
I think We acted as promptly as the circum
:, stances required. The editor asks ths
@ "sIgners if they really believed that tht
8 whole amount borrowed would remain un
5 paid unit! the last day Of the last yea
: hat the last payment fell due" and al
! We did so believe, it was eery absurd
g We will for a moment refer to the law
Il ny which the commissioners of the coun
- ty are authorized to issue the bonds c
lie county in sums Of not less than on
i hundred dollars each, bearing any rate {
At interest not exceeding eight per centuI
E per annum, payable semi annually; th
,e 1a'd oouds to be redeemable systiita ts
ii, ysars from the date thereof" We hay
er had some little experience in bonds Issue
rs to be paid ''Within ten years." and hay
IN seldom known them redeemed before Ii
1u expiration Of the time
p So far as the schedules of The plan DE,
to posed by the Commissiorers, as puhishe
for The purpose of tOang the "scare croa
ke oat CT our former protest, we have oaly
ot say that We ase not in protesting moo
III to day, or ave should most certainly emit
DO Oh, Solemn protest against the borrowir
ap even in this form. The editor closes h
comment by ontreating us--'D our Of
IL GERS ere doing wrong. let as go to work
Ial manly, upright way, to correc! the evils
hs We are anxious iuqrircrs after that "be
-e ter way" Will he be so kind as to ind
ks cate il?
We next have an article addressed
rs from "JUsrIcE." @ In this We have
Oh specimen Of the most specioas, 1--WE ha
cr almost seid preeocious) metaphysical re
'r' soning that we have ever been calle
nj upon to peruse. He dips deep into Il
es motives of our people, and suspects
Sc very hHle'O that love OF justice would NJ
ne lead men to do''--wha,? Simply in
ar straightforward manner to ask our ser
ae ants if they have discharged their dus
ar Is is of this you complain, Mr.. Justice
Us You say that we have right, aad shou
%, know what became of the money" Wi
Id you, most sapient and learned investig'
Id tor of motives to human conduct, furnis
K Us with q set of interrogasories that wi
not be "filed with calumnies by the who'll
he sale p and If approved by US, We wi
rs, adopt them humbly ahjectly it may be-
ls kiss the hand that furnishes them, and
oy all humility withdraw those already PR
ty pounded.
}" In ea,ly youth we were taught to as
n. for what we wanted, in plain, straigh
ct forward and concise way. in the little ae
yh that we have acquired, we do not fe
I'D disposed "to depart therefrom."
10 JUSTICE in his array of 'motives" tn.
ne melted US to ask what we wanted, an
had the right to know, sets up as th
I'd "primum mobile" of our actions, that "