Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1877-09-08
The State Debt.
SHELBYyILLE, ILL.,, Sept. t, l.


! 10 the editor Of the -4hranaria Ga=eNc:
have watched f)r some time With great 10
terest the discussion Of the public deb. OF EIr
GINA, as published ia the newspapers 0: III
State. say with great interest, for what soo
Of the old Commonwealth, DO matter where his
| lot has been cast, does not feel dep intlrs,!
10 all that affects her. And d. you know 10 a.
this vast northwest you caa sclrc:Iy liol : sla
gle towo or village without its prosp:rGu; young
VireiniaD, driven here sue. the war By the
force Of circumstances, bu. hoping some day to
return and live amongst sou. and With such
feelings they can DOT bel watching your d. 10y
| with great Interest.
We, too, have the "honor' Ct the oil STATE
at heart as muca s5 cur more fortunate bleth.
rem who have remained At home, but possibly
CONTACT with our more business like Northern
neighbors may have rubbed off some OF our 50.
called nicer sens, Ut honor, upon which 81
once did pride ourselves. rhis ~ do know; W.
now take our views Ct the sltu iton irom busi
ness stand. poiot, and thick it decidedly nio:.
sensible than auy auiount q tuI dJ0u. hon5r.
la fac. W. thick MAhon"'a position was The
correct one.
Without s,oppiog to dl-cu's the c!uS. OF OH
| exodus, o: what figure the ruoc debt may
have cut in it. We who have lett aud have to-.
desire and ability TO return, say to you lhl:
long as your financial condition is ln lis present
unsettled position there is no nducamen: ior
US to return. If this be true. whs. o! ,hcs.
who have not the love FIR the old State we
bear. They must maka mjre OF bu>iae,,,
proposition of it, then we, and what praet;.c,!
man when choosing location does DOT frs, OF
| ali ask what are your taxAs"'
With your tax:s at their present rate, with
Certainty OF an increase, Tor increase there n.u,
be if the whole debt is paid as it now staG&-
with the natural consequences which must H.
low this lncreaae, such as a greater OppreSsi,!,
of the farming, manufacturing, ccmmercia! AMI
mining interest, the secretion If capital, or the
compelling Of it to leave the Siate, c,n AMI orr
afford to settle 10 EiIgioia?
Some will answer this Is al ira, bal wh.
can We do Wheu We are bound hand and ir2i
by previous compromise and the dccisioa. =;
our courts? We answer do as sensible tu.
ness man would under similar cilcuD. taucr-
Select a reliable banking house ar,I ask YOU
creditors to deposit their bonds "a it for a CIR
tain time. Then prepare p, amrndmcnr f.
your constitution By which you bind the Sta
10 levy certain amour annu,lIy As q sirkiug
tund, and as much .uura over and ab0ys yuni
current expenses Is will pay your later. 8: g.
with tul5 TO yo.lr creditors and ask them Whal
amount OF Ponds 80 guaranteed they w! arrrpt
II lieu OF their dcpyvcintcl bonds. au you VII
soon ct 4 satisfactory answer. Where IL tn
ma.I OF bu lucis, who having due him $ ,UlJ
s1clnr hi debtor honestly making every eyer
ton to pay bis debt, and failing. would no. ~
to him Secure t, me 500 Of TINS deb; aul
Will remit the baianee?' Any 9th cour-e
woud b. suicidal. Comulon >nas, aDI tie az
tons o! business men cvcryW;irra teach u Ii /
better to deal tllrlv with our creditors; that
they will ttW readily meet III more than bal
way.
do you think aay the less Of the hou,,t bl.
uniortunat, business man who gives Mp bis al
to his creditors than OF that Ono who struggling
on under his burdens iioaIIy succunbs waen al
Is gone and then IS able to pay nothing?
Some ct your writer's say proposition tr
compromise is reputation. 70 Al outsider Il
looks less like Reputation than your laIurr.
year by vcar,to pay your Interest. Increase the
taxes. Yes, and 10 little while there will be
nothing left 10 the State to TAX that can get
away, and you will be left in = wotse coL!Ita"
than you now arc.
No, rather make an hone, manly settle
meot with your creditors; provide by cons,ifn
tioDa amendment for the prompt and full pay.
mcGt OF the debt s. agreed upon, AMI thereby
lower stead OF increase your oppressive IaX's.
Offer inducements to immigration and The huiid
ing up OF your commercial, mining AMI manu-
featuring interest. Don't pirate % much abou
'honor," tu: pay what you agree according tu
its letter and spirit, and you will DOT only b!ins
back many sons OF the old Commonwealth sikh
their accumuIatons and families, but the sanI
Inducements will bring others, and the DOW d..
pressed State will evermore take its proper
rank in the nation. :.