Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-01-05

l curities should be liberal in making term
with US, and should they not be willing &
enter into Satisfactory arrangements with
noble people striving % maintain thei
credit and preserve their honor, by meeting
their obligations under the most advers,
circumstances?
An Arrangement, 1 think, can be made
which VIII greatly relieve the people II
| their hour of distress, and at the same time
improve the value Of tennessee Bonds
What that arrangements s., X Is not neees
sary, and would not Be proper, now e
state. This question Of State credit should
be taken from the arena of politics and
placed on firm basis, which Fill be salts
| factory TO the creditors Of the stale and vii
tighten the burdens OF taxation.
BANKING INSTITUTIONS.
But if ali our State debt were Removed,
unless we had other measures o. relief we
would scarcely feel the benefit we need-aI
increase in The volume Of the currency. And
We need banking Institutions which viii
furnish accommodates % the producing
classes, the mechanics, manufacturers and
farmers Of the country. The present banks
only lend money 10 merchants, traders and
Spectators in cotton and other farm pro-
ducts. am not Directing TO them on this
account. They are the best Judges Of their
own business interests. We. however
need banks that viii furnish aeeommoda-
tons to farmers and other producers upon
six months time, when well secured. This
VIII increase greatly tie Productions of the
uoItntry BY enabling the farmers and manu-
facturers to cultivate their farms and run
their factories. In what manner these in
stitutions shall be Organized, It is for prac-
teal men to determine after thorough ex-
animation Of the various plans present
ed. That We need q currency which will
benefit the labOring and predicting classes,
by furnishing employment cannot, l think,
be denied, The State Bank Of Tennessee
before the war was just such an institution
as the GENTRY needed, and had there been
no war, would have been 4 great success.
Whether it d practicable to establish such
an Institution now, admits Of great doubts,
but that something Of the kind is needed
scarcely admits ola doubt. Another remedy
for existing evils is a thorough
CHANGE IN OUR SYSTEM OF AGRICULTURE
We must learn to raise our
own cotton as surplus crop.
When this is done we can have a
better chance to improve the land and to
cause it to produce more each year by
thorough and deep tillage. The ex-
Teriments Of the last two years have Shown
that where land is well broken up and been
SUBSIDIZED in the fall, it stands a wet or a
dry season better than under the system Of
Imperfect cultuhe, so common in the coun-
try. Experience is often a bitter hut al
ways a wholesome teacher. Will we profit
by Its lessons? The condition Of affairs at
this time should induce all men to afford as
much indulgence as possible to their debt
OTIS, TO aid and assist each other in these
times Of peculiar trouble. We are in the
habit Of looking too much to the Legisla-
ture when many of the remedies lie with
in ourselves, and are not dependent upon
legislation Or political movements.
THE PENITENTIARY.
Our penitentiary system should undergo
thorough reform. The number Of felOnies
should be decreased by increasing the grade.
Many cases now tried in the criminal
courts should be tried speedily by magis-
trates, and cOnYicts, whether in the psni-
Tertiary or punished in the counties, should
be made to work upon the public roads, and
not be taught mechanical trades. l will
AAN-F 4OWChNA AA1AAA11 eA4NoC l4EoouLC1 VI
form, feeling confident that your Legisla-
ture, which meets to-day, will give them
the greatest attention, and will perfect a
system which viii rebound to the best in
terests Of the State.
CAUSES OF HARD TINES
Has it never occurred TO you that the ef-
fort on the part Of prominent men 70 de-
preciate our credit, by advocating non-pay-
ment Of our debts, has had the effect to
make times much harder in tits country
than they otherwise would be? Destroy
our State Credit-create an impression that
we are unwilling to meet our obligations
and the whole business interests Of the
country, including farming, manufacturing.
mechanical and mercantile. feel the bad
effects, and suffer in proportion to the de-
structiOn Of our credit. Let Us create the
impression that we are willing to pay-let
Us establish our credit upon q firm basis
and then, in times like these, we can get
Indulgence from our creditors. whether
State or individual. Another cause Of
hard times is the disposition to croak
and complain. This DESTROYS confidence,
and causes men TO hold on to their money
through fear that times are going to get
worse. The constant CRY Of hard times
tends 10 make money even more scarce
and to prevent its free circulation. There
might be millions Of dollars in the country,
and if il did not circulate it would do very
little good. Restore confidence By a liberal
and Indulgent policy, and this will cause a
free circulation Of the money now here, and
will thus afford great relief. The cry Of
hard times is like a panic in an army-it
causes needless alarm and creates real dan
ger which would be avoided by a bold
course. l have purpOse!y omitted any al
lusiOntO mere partisan politics, because the
questions concerning State affairs are at
this time the most important 10 us, and
should be considered without any reference
TO mere party feeling.
A BRIGHTER DAY.
In the midst Of the clouds which now
envelope us there are signs Of a brighter
day approaching. The breadth of land
sOwn in grain gives assurance Of abundant
food and crops this year, and if you farmers
will still continue to SOW grain-spring
wheat and Oats--and will not plant any
land in corn, cotton and tobacco, except
what you prepared well, although you may
have fewer acres in cultivation, YOU will
have much more abundant and profitable
crops. The hard times will force economy,
and you will begin to rely upon your own
farms for your own food and forage, instead
Of taking all your money to send abroad for
these things. look for much more pros
porous times in Tennessee next fall than
yOu have seen for years, if you will be wise
and prudent, and be Lot too easily dis
cOuTaged.
l thank you most kindly for the mani
festatiOns Of your confidence, and although
l will probably never be before you as a
candidate for any Office, / will cherish a
warm recollection Of your kind expressions.
In the language Of Rip Van Wrinkle let me
now say, ''Here's a very good health to you
and your fathers, may they live long and
prosper"
COUNT JAUBERT who recently died,
once attacked Marshal SOult with a num-