Brownlow's Knoxville Whig. [volume] (Knoxville, Tenn.) 1866-1869, 1869-01-27

what would necessarily be The result on the farmer
0ne-half will have ceased to produce and become
consumers, and must be supplied with the farmers
commodities. The demand inereases-the supply il
diminished-the price necessarily sdVances-the
farmer isremunersted-hei is stimulated redoublsd
energy because his labor pays.
Bat the manufacturer is also excited to renewed
industry. He no longer raises his own meat and
bread 70 live therefore and 10 prosper he is COM
pelled 10 ply his trade in such manner as BY il he
may get the means wherewith to purchase his sup
plies.
Nov, sir, there is point in all this talk, and t is
time come 10 it.
Tenbessee is in debt. The interest on that debt
must be promptly met. a sinking fund must be pro-
yided to meet the principle when it falls due All
this has 10 be done By taxing the people The peo-
pie cannot pay their taxes unless some plan is de-
vised by which they can make themselves or be
made able to raise the money TO pay with.
II is the business of statesEanship 10 devise this
plan. As craftsmanship is simply common serse
applied TO affairs of State let spply little good
hard common sense TO the matter in hand, and see
how 1t ciphers out the problem.
assume, then, lst, that the resources of East
Tennessee are aSundant-if only made available
10 pay not only her part of the State debt but the
whole of IT, If necessary, and still leave her people
prosperous and rich. y Her agricultural resour-
ces are enormous if they we're only stimulated to
kalf their full development ~ Her mineral de-
partially made available. (3) Her bOundless man
ufacturing capacity is worth countless millions of
dollars If only 1.-THE Of it put into active Op-
GRAFTON.
But TO make these available 10 the State
for revenue, towit &c turn our minerals into money,
10 stimulate our agricultural productions TO make
them pay, and TO develop our manufacturing power
SO to produce profits there must be three things
70 operate with, namley, experienced enterprise,
skilled labor and capital
To any considerable extent we haze not these in
the State. But their essential prerequisites TO the
out OF the plan. We mast therefore pTocgre them
elsewhere. But how l answer-loe must offer
such inducements EW attract and bring them from
abroad. What will do this Common sense re-
pliesmske it ccrtG4G TO them that investment here
will be pleasing TO Us and secure and profitable To
them When this is done they are Just AS sure TO
come and invest here as thet interest is the great
motive power in business affairs.
The world all around Us wants iron, bar and pig,
and sll manner of iron wares they want railroad
iron without limit running stock, car wheels cars,
locomotives they want nails, agricultural and me-
chaDicsl implements tools and utensils; they want
textile fabrics woolen, cotton hemp and flax; they
want "copper" lead, silver, zinc; they want leather,
boots, shoes, tan-bark aud tanin; they want ten
thousand things that nature has allthe time intend
ed should be made here cheaper and better than
anywhere else. Now let our Legislature with all
The sanctions of law, grant liberal franchises to
panies in out of the State who ask will accept
of charters proposing to develop these resources
70 unearth our hidden minerals and manufacture
hem or any other materials demanded by the wants
Of the world. Let the Legislature in such charters
guarantee even the loan of the credit of the State
10 the shape of her own bonds, dollar for dollar for
svery sum of fifty thousand dollars of capital here
after actually invested in the developing of the min
era and manufacturing resources of the State
holding the property and assets security for prn-
ciple and interest. Let the Legislature offer almost
any reasonable inducement to bring capital here and
Develop our wealth-to save our people and State
from bankruptcy.
The hour is critical--repu1iation must be avoided
the credit of our State must be maintained and
our people must be made able to meet the demands Of
ths treasury.