, 1865-08-25
No. 1.
WA11A wA1IA Co., August %, 1866

WALLA WALLA Co., August %, 1866
MEssRs EDIToRs II must say like the style
of argument used by your correspondent, "On-
toit, in your issue OF the 18th inst. Being a
taxpayer, and being anxious at all times to
avail myself of all the blessings "thereto be-
longing" l would say that the argument has
fully convinced me- and if "0ntoit" wishes a
partner (of experienced with small capital, l
will suit him to "dot." His argument COW
ers all the points necessary to convince the most
skeptical. There is one more, however-the
clincher-and as Shakespeare says, 81 marvel
that her grace did leave it out" Why did he
not apply the key stone to his glorious arch of
indebtedness-the bait-which causes all capt.
taI-holders to bite, viz: No tax to be collected
on any Bonds issued for the purpose of running
the County of Walla Walla in debt, and all in
terest to be paid in gold coin, Ia ia j. Cook s
Co. IS U. S. poor man s. -grind-stone- bonds).
Don't "Ontoit" see that by following strictly
the J. Cook (ed) & Co. argument that the coun-
ty will have to pay interest on $300j0O0, and
lose the chance of taxing her wealthy citizen on
his $500, 900, and all the poor man % who holds
these bonds, will have to do, will be to draw
his interest regularity and pay Uncle Sam a
small tax on his income only, after deducting
$500. Don't you see2
There is only one little drawback to the Bond
holder, and even that may prove beneficial in
time, to our "blissful state of full indebtedness.
1t is this Should the County at anytime, deem
it advisable to follow up closely in the footsteps
of Uncle Sam, the County Commissioners might
say to the Bond holder, 'that although we did
agree to pay the interest on our County indebt-
ednes8 in gold, (ala 3O,) we have come to the
conclusion that we will hereafter pay the inter-
est in County Scrip" But, then, "bully," says
Bond holder; l will take the scrip to which
will.from time to time add more scrip lat its
market value) and in a few years will have it
funded on some basis, and I will thus draw in
terest on interest, which will largely contribute
to making up your County Capital of indebted
ness
I have long been looking forward to this day.
when DEBT SHOULD CONSTITUTE CAPITAL,
AND CREDIT BECOME A FRANCHISE.
consider it the alma mater of great people, if
it did take closer connection with our African
Brother, and purely Republican form of gov
ernment to bring this glorious utimatum of the
poor man, to the surface, SO that all could 'see
it," Put the County through at once, is the
wish of a TAX PAYER.
WoN'r Work Born WAYs-Some of the infu-
entail negro suffrage organs at the East are
denouncng in unmeasured terms President
Johnsons Proclamatons looking toward the
reconstruction of the Southern States. They
urge that the President has no lawful right to
construct proclamations declaring who SHALL or
who shall not be entitled to vote in the rebel
States; that he is usurping the legislative pow
ers and converting the government into despo-
tism, in excluding the negroes from the right of
suffrage. They contend that the President has
no power to make laws for the government of
the rebellious States; that right they say, upon
all such matters, is vested in Congress, or if
not in Congress- then in the States separately.
These same journals, have all along contended
that the emancipation, and other proclamations
of the late President, were perfectly valid, and
the proclamations both necessary and just So
it appears that with them, all procamations
must be in favor of emancipation and negro
suffrage, in order to be constitutional
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PARTED.-According to the Oregonian, of la
test date, Just as the eastern telegraph line had