The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1874-05-14

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pend upoa the fnhusia1 character and stand
ing &C home ana IBfOkd. a.IP our home,
aaairs are ven and diseteetiy managed if
the people ere fully alive to- Transportation
Of The etsteg ana AianiFsst their sppfecia-
ton b. wise and ,Sholssome legislation, so
e to secure every material interest," which
might be reasonably shtieipated; If the
vested nights Of All are insisted, upon and
protected; /; Il the citizens are prepared with
hearty zsdl 20 uphold and support her
credit. then We may reasonably look for .
more prosperous condition of affairs and
the enjoyment substantial benefits.
But if on the OthsFohahd the citizens of the
State manifest IN Outer Indifference in re-
gard to her standing ana reputation; if her
obligations aEe regarded as oi. minor import
Ance;. il extravagance and corruption 60
baud in had II the greed Of place and
last OF power control the leaders who above
al others WELD an influence which is felt in
an thelana If dishonesty and repudiation
Of, vested rights. characterize her people,
then I'VE may hang our heads as citizens,
and write IchabOd over the doors Of her
capitol aud bjiussios upon the forehesds Of
her judges The stase can no more afford
to lose her reputation than an individual; /;
and tire results are as much more important
IS there are more people concerned. Each
man. woman, and child, is interested in the
good name and fame of the State; for each
helps torfofm the whole, and the State
is but an segregation of the people.
Whatever then affects the State at once
affects the citizens Itis stherefore of para
mount importance that the State stands
high financially at home and abroad. Fpr,
however paradoxical it may appear, tits
-neyertheless true, y that's the people of a
State are judged by her financial standing
in the money markets of the world. If
her credit is good, and her bonds command
the highest market values the citizens are
regarded as faithful in the discharge of
every duty which devoIves upon them.
But II on the other hand the States credit
is bad, if capitalists are afraid to buy her
bonds; if any, act of repudiation rests upon
her fair name, then the citizens are looked
upon as unreliable, untrue to their best in
terests and void of honor. Indeed moneyed
men can only look to her financial standing
at home and abroad; they have no other
means Of measuring her standard and
aseertaining her character All 4 other
acts only affect the citizens of the State
and although there may be injustice meted
out to them which may lead to condemna-
ton and denunciation, stiIl it win not be
of such immediate and great injury, because
it does not reach scrOss the boundary line
of the State. Now wisdom teaches us that
we must first be just, then generous. Be
fore State can possibly enter the markets
of the world and spend millions for the ac-
complishment of any undertaking or enter
prise, she must know that her escuteheon
is bright, that no act of hers has tarLished
her good name and fastened q stigma upon
her character. H n-7uq s7sg .ra5fa
Texas ought to stand high. There is no
good reason why she should not command
the respect and confidence of fnanciers, not
only. in the United States, but in ,Eu-
rope. Her debt is asSeryi small one in
deed, when her vast resources are con
sidered. But few States IN the Union can
make such en- exhibit. Of power and means
to meet an bf her liabilities present and
prospective. With q ,Pcpplation Of parnhil- mi
lion and half of souls, and steady flow
into her borders, with her broadand r:ch
prairies and fertile valleys 'coyefed with
thousands upon. thousands Of cattle, sheep
and horses with her large. wheat fields,
from whose broad acres. millions Of pounds
of douro are. made with her unsurpassed
water power leaping from hin and noun
tain, with capacity to turn immense and
varied machinery; with her extended bed,
of iron, copper and coal, as'well as mines
of SILVER; with her hundreds Of thousand
of cotton bales, she ought, and can, go int
the money markets of the world th'
equal Of the prOudsst State. But theitrutl
must be told. While these facts are tad
mitted,. there is a suspicion of injustice rest
I
ing upon her fair name, Il is said tha
Texas Is about.t to rspadidte her obligation
to pay the International Railroado bonds
and therefore the moneyed men are afrait
other; afraid that she might also repudiat
her obligations oopay baekWith interes
any moneys " hidh she might 'boFrOwl Cai
the State Of Texas Rttord to rest under sucl
blighting imPptafOni Must, all of he
ability and integrity or purpose be de
stroyed by such allegationsF Is it not du
the State that prompt steps be takento clos
the mouths OF the slanderersl q Is there n
remedyl No may 70 prove to the world tina
Texas, thoyOung santess Of the West, is a
fair and honorable as she is 'strOhgi
!, We believe that there is a remedy
and that before long it will be aF
piled. There isa ease now pending befoT
the Supreme Court Of our State which ma
soon settle this vexed question. We trust th
court viii not hesitate TO- decide the cas-
at an early day, and bya judicial deClsio
determine The sights and liabilities of 81
State as wen As Of the international Raj
road. The people Of the State have conf
dence in the Judges who sit upon the bench
and while they believe that che rights an
honor Of the State are IN safe keeping, the
also believe thnt each man, company G
corpoafion, whose rights may be adind
Gated, win receise even and exact .iui
tice without regard to the wishes {
the one or the denuncistion Of. th
other. Tle aciioR Of the oourt wi
therefore be hooked forward TO with gfes
interest ana anxiety So much has bee
said ana 90 much Of good OF evil Is involve
that il i nAtural thst there should be IN
toass feeling and eager dosirs 70 hear q
snal decision Of the court, which Wili eiths
send thrOb oi JOY 70 che heaEk Of each on
. who earnestly wishes fer the rapid progre'
!" ~ 49, 80.