Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1867-01-25
pr OrforS 9mOtrat
PARIs. MAINE. JAN. p. 1867.
Leaning the state Credit.

NNNNrALN Anl.ITH a
adopted by an s.er~hei~a'"S maior"y
Whether or rot e w.. wise movement.
the peo,le o. f.o.rsi q aithe tiune >incc
The asorsion = ihi- anenlu,ent. ih~ sub
ir~t ofio.aing the State credit o. promote
oljee,s % internal improvement has re-
manned quiet. And Il might have. perhaps.
remained 80. had not Gov. Chan,berlair.
in his annual message. rcccuru-cnlei the
removal q the constitutional restriction
We folly appreciate the motive. which lrt
The Governor Co make abe rccommeriaiion
In order 20 develop de rcsosrcvs of thc
STATE. State bonds or strip woui De- e.
csedingly convenient. Thcrc nav De cases
where very desi-stle objects % internal
improvement may iail for want % di-ret
Stale all. UndoaAtcaiy. al those inter-
ested IN the prospective railroads nos Coz
tcmpiafcd would d. glad % rec, iss Ell from
TIE State. by The loan o. - credit. Al
miliing al this. ssd aiuiuing al thai our
ezccncnt Governor has said uqon the slh-
jet. il Is a very serious question whether
the RESTRICTION IN The Consultation iraifine
State crvdit should e. Disturbed WLlr
the " stable is locker there j. not mech
danger e losing or horse bet take auay
this security. We Pun the ri,k oi q Joss.
Whcn iLc peoric. In ist-. voted iy an
overwhelming majority f,r OBJ restriction.
Name o~ed bet snail ,un. 80 ros
owes. IN various Ways. f1r debts conf-actrl
Nv The var. inrialin- toan debts. Sl2.oal.-
Ooo.-a sam thar ih- people can am uiil
Tay. bui not without b,in- seriously tsxci
for hong ycars 20 Come. To psy itc orii.-
ar expenses ofthc Sta,c Go,crancnt. il.e
interest on thc pal'ir debi. AMI a su-u an
nually Tor its gradual rc.iarfina. VII make
an annual tax upcu q. people oi -isarit-
proportions. compared With a-,th.r- thrt
had 20 pay before tlc var. To iosu ttc
STATE credit wil bc 90 aii OBJ ol- francisl
embarrasmcnt. n tir Sfa,r i..ar. itr
bonds ,he vii have CO. take care 90 iicra.
The interest. a. least. must o. p1iI j.
depend upon any c'-norafian so uii,h 3d.,
may han Der credit. fo da ihi. vi'i i-e lean
ing upon a broken -faf. Thee s1m-oi
the farfs IN the case ~hica can never BE-.
blotted oar
Again. 1isp-ns.ng STATE iltors in ti-.
way. a. an abstract DIGESTION of rizlf. ha-
Arguments upon bo'L sil,. u nav o.
said. vi'b good deal Of Tlau.it.i.,y. tia.
ifioanins tie Safe credit olc-ai,. o. ga
Abe whole for 'hc benefit of tLc Jew. ttrn g.,
Is wrong in principle. Tls. b, .r ia'crr.i-
ING inquiry in iic discussion 90 Obs guess
ton Railroad corporation. % ser,
great extent. are locai ga il,,ir interest. ara
operation. Improvements DID modes of
travel. while they remotely L,rcrtaH. car.
tai in = very .ew instances. o. .1.t't ,al..I
s'aie enterprises. Then thrr. d. 81 ar-
parent inconsistcncy in obli-iur tle reorl-
On one section 81 tlc S,afc to cerfri.uf-
from their oVn private mean. aI Ore isnf.
Necessary 90 bui.l fheir railroads. ana ,'.-n
tax them ty ic-i.iation io ail tae.r Irefh-
Pm iu some region az tie STATE to d1 Gle
same thing. We speak az railroad corpo--
atoms in this connection. btrsr-e ue r.-.-
sumo h tie oonsiitafiaral prohibition in
question shall be removed 70 viii De- done
with a vic~ % bencft these works of inter-.
nal Improvement
II ~ o7en fle gate. and l..sre fir a.--.
Ter of ioaning thc STATE cr,fii. Cd. co.. MGR.
cy q lceisiafi'u. there vii i. -r-af DANCER
in another iireeiian. D. r..r --.s- o..
baiify o. c.1rrf '>l..fn II...-. Fl.
fall oi almorition uf.ou tli. point. I.a..
90 tie aI.rrnfrai.s rrr fI.r.r f--.--.... ..