The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1871-01-14
~ Hickman courier.


The CITY a BOrrOSefs
II is stated that there is Propapilisy
tbst the CORPORATION of Hickman can
borrow from the State $50, 900. 1t is
only bait thrown out to the menioeiS
from this end Of the State TO get que
hundred times that amount OF appfoPii-
alton or loans for local purposes III o'llei
portions of the State, and thus VIII De
inaueurated a grand scheme OF irauo
and corruption, of squanderlng the P1o
niles money in q manner not conteiAp pa
ted by the Constitution and Will end III
bankruptcy on the part of the State ana
increased taxation of the people baen
town, incorporated or otherwise, inueeo
each individual ia the State has as mucn
right to ask OF the Legislature loan
for 20 years as the corporation OF HEX
man. In the first place has the state
the money to loan The Governor IN
his late message says there is dehelt OF
s95 900 for the past year. That is the
present tax has failed TO meetthe expen
SEES of the government for the past year
less the amount of $50, 600. The tax
PAYERS may we'll expect a further in
crease of taxes to meet merely the cur
rent expenses of the government And
should this IoAning illness prevail TO
any extent the irsaa< taxation VIII
!" !" !: !" q J.
and especially ~. eve
~ evidence to 3 TO
incur liabilitiS con-
plate liQ', " .t s,sVJ
Not 6pg e k-that
certain Rc1 out
that !, feted
That be pro-
tected expense
of zs2S$ Twenty
years the % H. itself $4,000
further in d 49, is said, "0h she will
set apart fund to meet this particular
debt Have we any evidence in the
past history of the town that such will
be the case Unfortunately we have
evidence to the contrary. What of the
ST. Louis debt? When bonds were IS
sued and sold to St. Louis merchants,
aud solemn promises given that they
should be promptly paid at maturi-
ty. was it. has it, or will it, ever be done
The principal and interest, all remain
unpaid, except few bonds that were sac
rificed to city tax payers? In this way
only has ever Que cent of this St Louis
debt been paid Such will probably be
the case it the State should be fool
enough to loan this or perhaps any other
corporation the sum of $50 600.
In the event of this $40, 600 being
obtained will it, tax payers, lesson your
taxes? VIII it lesson your burdens in
any way one cent? But is there not
great probability that they will be in
creased? VIII not the S6U0, the semi
annual interest on the $1,000 loan
have to be metz Suppose that the ap
preparation is obtained and the money
speut on the banks of the river, will it
enhance the value of the few houses that
may be protected to the amount of 5000
in taxes? Who will pay the $1,000 inter
est2 Not alone the men who own the
protected property, but you men on the
hill, in East Hickman eand West HEX
man, you will have to ps~ SSdF-s share
both of interest and g nns,.....swis
fa--->sl
diture of the $50 600 ait lis :
more to the population of the town.
bring one more bale of cotton, hogshead
of tobacco, bushel of wheat, of corn. Of
potatoes, than comes here now? VIII
the dry goods man, the grocery man
or manufacturer sell any more than he
now does?
For the protection of the property
Immediately endangered ample and just
means are now extended to its owners,
and they should be satisfied
Let the city pay its present debt, pay
in cash for such improvements as may be
necessary to the welfare and comfort of
its citizens, and let well enough alone.
The foregoing has been hurriedly
thrown together, and it is only intended
as caution to the people of the town to
think before they act The tax is high
enough now, but borrow this $50 1000,
and it may have to be increased double
Its present j.