The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1876-03-08
Emotional Financiering.
From the Memphis Ledge

man, even though we condemn nj
Judgment. Just, at this moment W
| have in our mind the. editor of tn
I Clafksville Chroaicie, q man Of grea
ability and zeal. and. by the way
4 the Nestor Of the Tennessee. press
T He has been wrestling with the. Stat'
/. debt for several months, and every
| time it throws him he comes agar
I more aeeermihedo that it shall bt
paid. We honestly believe that i
he had the money, rather than see
lit go by default, lie would pay uE
the whole debt at ar,nand make O
1gpresent of3itlte some school or church
at ClarksVjlte.oi just hear him: &
ss,s" And by way Of dealing a finish.
| ing blow at the fair name of the old
commonwealth. and humblingI her
completely in the dust, suggestions
are thrown out that the Governor
shall go to New York and endeayor
to effect some kind Of compromise
with the bondholders. The day that
the Governor of Tennessee leaves
Nashville on such mission rs that
should be set apart by her citizens
as day of fasting, humiliation and
PRAYER ever afterward.'s
We second the motion. and give
notice that if such day is appoint
ed we shall nominate Brother I. Of
the Chronicle to lead in the suppii-
cations. He republishes state
ment of the financial condition of
the State OF Tennessee, and then
patheticaTly breaks ont "Can snch
things be and overcome us like a
summer cloud without our special
wonder?", We should think not.
The Chronicle goes on to state that
{" the last Legislature reduced the
board of State prisoners. in jail one
third and placed upon the counties
the cost of criminal prosecutions in
cases of larceny under thirty dollars,
thereby saving to the State Treasury
at least one hundred thousand dol
lars per annum. Her annual State
revenue is Increased by dog tax of
at least one hundred thousand dol
lars, and a railroad tax of perhaps
as much more. The ability Of our
people to pay has been further in
creased by the reduction in jury
fees, which will save to the counties
at least one hundred thousand dol
lars per annum and yet doubt and
distrust are everywhere. aud the ar
is rife with whispers ofrepudiation"
Tnen the Chronicle demands pilot
who knows how to guide the ship,
and mas nerre enough to do it. Gov.
Brown is complimented for paying
the interest on the State debt, but
it does not occur 10 the Chronicle
fnanc;er that he pal by orrowing,
and that that is part of our extra
load now. That is the old song of
the funders; they care rot how the
money is raised or VIII r. it comes
from as long as we keep up the ap-
pearance of paying the interest as it
falls due. So long as the State au-
thori les could borrow at ten per
cent. to pay off six per cent. inter
est aid thus increase the State debt
four per cent. per annum,
all was lovely with the high ak par
ty. The ultimatum of the Chronicle |
is absolutely startling: a
" The interest on the State debt
must no longer dcc1tniutrtte--it must
be paid. The next Legislature and
The next Governor must be elected
On that issue. The politicians who
try to curry favor with both parties
must 60 to the wall. The ship must
40 longer drift-she must have a
hand to guide her. The party in |
power next year must be a party |
with policy.
.. Under which king, Benzonian? /
speak or die .5.
The. colored individual in this par
.icular woodpile, Judging from the |
Size of his feet which we see stick
ng out very innocently. we imagine
5 about the size of an ordinary can
lidate for Governor, but his name is
lot Porter. There may be local
ivalries aud jealousies between the
titles of Paris and Clarksville. "Un-
Ter which King. Benzonian?" We
lever heard that question before,
'Ht will venture to answer for a few
folks: Not under either
King if be demands "every cent
ominated in the bond.'