The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1877-11-28
SPIRIT OF TIRE PRESS.

ference to the proposition made by |
the creditors Of the State Many |
other of our exchanges favor the ac-
ceptance of this proposition, bat the
papers were mislaid or carried away
before we began this compilation:
Pulaski Citizen
We hope. then. that the proposi-
ton will be accepted without acri-
mony.
Milan Exchange.
Let the proposition be promptly
accepted, and very short session
held. -~
Chattanooga Commercial
The present offer comes from the
creditors and can be honorably ac-
copied by the State.
Maury Sentinel ti
The proposition of compromising
the States Indebtedness, which
comes from the bondholders, is fair
and equitable enough, and should be
accepted.
Humboldt Herald
The concession of 40 cents on the
dollar by the holders ofoar bonds
is magnanimeus on their part, and
the Legislature should not hesitate
one moment in accepting it.
Fayetteville Express lis. .a
After reading the Governors proc
..mation and the COmptrOller's re-
port of the financial condition of the
State, without committing ourself
too fully, we are inclined to think,
at present, that we are in favor of
it.
Woodbury. Press. 1G $50
We know Tennesseans are honor
able and just, and whatever honor or
justice demands of them they will
perform. Let this matter now be
settled. 1t has been too long dis
turbing element in Tennessee poll
tics.
Knoxville Tribune.
So fair proposition, all things
considered, has not before been
made to any Southern State. So
favorable an opportunity for light
ening the great burden of debt. that
has for years weighed heavily upon
the people of Tennessee, has not be-
fore occurred, and, if neglected, viii
probably not again occur.
Brownsville Democrat.
We are decidedly in favor of the
acceptance of the proposition of the
bondholders, not that we would not
gladly accept lower rate if 1t were
possible. but simply as the best
thing that can be done under the
circumstances. l.a'oa
Jackson Tribune and Sun. -f=d
So far as we are concerned, we
would have been glad of q lower fig
ure. but recognizing the right of our
creditors to hearing, and believing
that they have been liberal in the
premises, we earnestly urge upon
our Representatives to meet them
in a wise and just spirit, and save
Tennessee from impending disgrace.
CT, aIl,,-,;1Ia f..1a4+a
We have ever been, and are now,
opposed to Reputation but as it
seems impossible fer the State to
pay her immense debt in full-at
least for generations to come-and
the proposition for a compromise
now comes from the creditors, we
are decidedly in favor of the COM
promise aud we hope our wise leg
islators will accept the proposition,
and close the contract for a settle
ment of the debt as soon as possible,
at sixty cents on the dollar.
Clarksville Tobacco Leaf.
BY all means let the sixty cents
proposition be accepted and the
question finally settled. 1t will
throw new life and energy into all
the commercial interests of the state.
1t will restore confidence in every
avenue of business, and show to the
world that Notwithstanding the de-
vastations of war, the panic and the
financial pressure upon the country,
Tehnesseans value the faith and
credit Of their common wealth.
The Nashville american favors the
acceptance of the proposition, and,
referring to Hon. NJ. Nj. Brien's adj
dress IN which he announces his de-
termination to vote for acceptance,
says: The situation is frankly aud
fairly stated, and conclusion reach
ed which we are satisfied must be
reached by every calm mind after
impartial reflections as to what is
justice, self-interest and expedien-
cy."
Murfresborough News.
The time has come at last when
the vexed question of our State
debt can be definitely settled. The
bondholders have made PROPOSE
ton which is as iibearl as could be
reasonably asked of them, and its
acceptance by the Legislature will.
we believe, be satisfactory TO the
- 1919. n 4i,o .,.,o.,ln ,f thn