Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1876-04-22

TENNESSEE NEWS.

Nashville American: Tennessee Bonds
declined in New York yesterday, closing
at 421a for old, aud 4O14 for new.
Bristol News: Those who say all the
peaches are killed, don't know. II we
have no further unfayOrable weather, we
will have plenty Of this delicious fruit.
Memphis Avalanche: In the coming
Presidential election the candidates win
be the platforms. The party that pre-
sents the best man viii win, aud the ma
chine politicians viii be Overthrown.
Nashville American: John Thompson,
one of the wealthiest citizens of Davidson
county, died at his residence, on the
Franklin Pike, yesterday morning. He
was born eighty-three years ago on the
same farm ON which he breathsd his last.
Hon. W. C. whittherne, in letter adj
dressed to Col. ID. B. Cooper, declares
that in pursuance of determination an
nounced tho years ago, he will not be a
candidate for reelection to congress.
Huntingdon Republican: we under
stand Louisville man bought seven hun
dred barrels of corn in Irrelevant last
Thursday, for which he paid two dollars
per barrel. Irrelevant merchants We
learn are now paying two dollars in trade.
The same man went TO Atwood the next
day to buy.
a Nashville dispatch of the 10th inst.
says: The Nashyill life Insurance cOmpa-
ny and the Odd Fellows widows and
orphans life insurance company were
both suspended to-day by the State insu-
rance commissioner.
In Meigs county, Ia this State, few
days ago, four hunters-all old men-ran
down and captured eight red foxes, with
sixteen hounds. William Roddy, of
Rhea county, killed, at two Shots ten
wild turkeys, which weighed, when
dressed, 100 pounds.
Memphis Avalanche: Discussing the
State debt, the Nashville Mail thinks we
must "practice the most rigid economy
until the State is cleared of its Indebted
ness" and that we must 'lOp of unnec-
essary expenses, aud cut down others
wherever this can be done" Then, ''if
we get the right sort of men, in the Leg
islatuFe, tthe old ship can soon be right
ed, and Tennessee credit be restored to
the proud position it held in years before
the war; All this is very pretty, and IL
sentiment about the ''old ship of State"
could be coined into greenbacks, our
State finances would soon be restored to
healthy condition. But, coming down
to facts, ne material reduction in the cur
rent expenses of the State government
real estate in Tennessee has decreased
sinse 1873, and hence IL should not be
taXed so heavily As at that time. Yet, if
six per cent. interest on the face value of
the bonds be provided, the State taxation
rate in Tennessee must be doubled. 1t is
useless to discuss the question from any
other standpoint. Journals which fling
the epithet of "repudiation" at every sug-
gestion of an equitable compromise that
the people can stand, should openly adj
yOeate increasing the State tax to SOC adj
valorem.
SO far as the cry of "repudiatiOn" is
concerned, the allies of the Georgia bond
holders freely used the same epithets in
that State. But the Legislature threw
cut every bond that was not strictly =
legal debt-every dollar of so-called In
debtedness wrOngfully proeured-until
the mountain of debt was severed la
twain. Has GeOrgia's credit suffered by
applying to the public debt the same
principles of common honesty every man
applies to his private business affairs p
Most of the Georgia bonds are quoted a.
bOve par-all because the law makers
acted for the people instead of in the in
terest of the rings that, without inquir.
ing into the question of their validity,
bought bonds at low prices on speeula-
ton, and relied ON corrupting the press
and the avenues of Legislation to enforce
full payment.