Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1876-04-29

AT a meeting of the citizens of
Montgomery county held at the Court
House, On Saturday last, Mr. Ed. l..
civilians was called to the chair and
briefly stated the objects of the meet
ling. Mr.. Doak then offered, as ex-
oppressive of the sense Of the meeting,
I the following resolutions, which were
sadopted
WHEREAS, The State of Tennessee has in
gcurred debt of SCI 100000 which may be
Eclassed as follows:
l. Bonds of the State issued for turnpikes,
Estate Capitol and other purposes, during
4siNteen years from 1886 down to 1852.
2. Bonds issued to railroads from 1852 to
4 5 81, 100000 bonds issued after 1865, upon
sS2, 500 600 of which interest Is regularly paid
4by the roads to which they were issued.
4 AND WHEREAS, said indebtednesSiS in the
Sform OF the bonds of Tennessee upon most
3Of which there is accrued interest, due
sfrom July 1874. And whereas said bonds
y were put upon the market, under a policy
smatured and approved by the wisest and
5 best of our public men, endorsed by each
successive administration and by all our
apeOple, through their chosen representa-
9tives, and accepted by the markets of the
Sworld as the solemn obligations of a State,
upon whose honor alone they relied as a
guaranty of payment. Therefore,
Il Resolved, That we, citizens of Montgom-
ferry county, here assembled, mindful of an
sunsullied ancestry, illustTious for their
skindred virtues of good morals and COM
fnercial faith and recalling the good faith
sour country has always kept with her cred
+ itorS, and desiring TO preserve the same
Hheritage of good name anu unsoiled honor
1that has been so carefully guarded and
Kept pure in its descent to us, pronounce
Eany effort to repudiate the outstanding
abonds OF the State, in whole or in part, and
sany further neglect to levy sufficient tax
4 TO pay the interest as II falls due, as I'M
II wise and detrimental to our best interests /;
asubversive ofpublic morality and honor,
land in the end equally ruinOus to private
morality, to our good name abroad and
Atending TO prevent the accession of the
capital so m UGH needed, rather than to en-
courage its investment within our borders.
q Resolved, That, while we favor and shall
sdemand the most rigid ecOnmy in the adj
Fministration of the government, the lop-
5ping off vigorously all unnecessary and SUI
eperfluous offices, and such reforms as just
Sprogress, combined with a wise conSerVa-
5tiSm, may dictate in the criminal law; We
saa.e in favor of such tax will pay the
Saccrued interest on the state debt as it falls
idue, recognizing our obligation to pay the
9interest past due. Bamenting our tnabili-
4ty to meet the accrued interest at once, we
Spledge ourselves to inaugurate such meas
aures of legislation as will within a reason
sable time assure payment of such part as
athe overdue taxes may leave unpaid.
Resolved, That while the reputation OF
4thiS debt, in whole or in part, would be q
agrOSS Injustice Ia the holders, and palpa-
Sble violation of good faith on the part of
n State which has unbOunded resources, it
8would be even more unjust to ourselves
because blow at our own honor. 1t would
& be the Inauguration of a policy cOmmun-
7istic in its tendency, blow at the rights
SOf property, Subversive of all social order
Rand security. IL must eliminate in depri-
living the poor man in his cottage and the
Srich man in his mansion, of the security
5order and peace which Il wise and stable
government brings, where the rights OF
aproperty and the rights of its owners are
respected, preserved and held inYiolate.