The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1877-11-29
The state Debt.

We give below extracts from a
number of our state papers in regard
to the state debt. 1t will DC seen
that they generally favor the sixty
cents compromise.
Pulaski Citizen: We hope, then,
that the proposition will be accepted
without acrimoay.
Chattanooga Commercial: The
present offer comes from the creditors
and can be honorably accepted by the
State.
Maury Sentinel: The proposition
0? compromising the States indebted
ness, which q, mes from the bondhold-
ers, is fair and equitable enough, and
should be accepted.
Morristown Gazette: The offer
comes in such q way that it will not
smack Off reputation in the least to
accept It. y :; We most sincerely
hope that the compromise tendered
will be promptly accepted.
Fayetteville Express. After reading
the Governors proclamation and the
Comptroller's report of the financial
condition of the State, without COM
hitting oursclf too fully, We are in>
clined to think, at present, that We
are in favor Of it.
Woodbury. Press: Weknow Ten>
nesseaps are honorable and just, and
whatever honor or justice demands Of
them they vii perform. Let this
matter nov be settled. 1t has been
too long disturbing clement in Ten
peSsee politics.
Knoxville Tribune: So fair a prop
psition, all things considered, has not
before been made to any Southern
State. 30 favorable an opportunity
for tightening the great burden Of
debt, that has for years weighed heav-
ily upon the people of Tennessee, has
not before occurred. and, neglected,
will probably not again occur.
Brownville Democrat: We are de-
ridedly in favor of the acceptance OF
the proposition of the bondholders,
not that we wound not gladly accept
a lower rate if it were possible, but
simply rs the best thing that can be
done under h. circumstances,
jackson tribune and Sun: So far
- We are concerned, we would have
been glad of lower figure, but re-
roguizing the right of our creditor. to
81 herring, and believing that they
have Locn liberal in the premises, We
earnestly uFgG upon our Representa-.
gives to meel then in wise and ust
spirit, and sa-e Tennessee from lm>
pending Disgrace.
Shclbyville G&ze.tel We have ey>
or been, and are now, opposed to re-
pudiation but as il seems impossible
for the State 10 pay her immense debt
in full-at least fer generations to
come-apl The Eroppsitign for a com-
promise pow CONES from the creditors,
I've ars decidedly IN fayQr Of the cam
promise; and We hope or wise legiS>
lator> will accept the proposition, and
close the contract for 4 settlement Of
the debt Is soon as possible. at sixty
cents on the dollar.
GAINESVILLE Tobacco Leaf: By all
means let the sixty cents proposition
be accepted and the question finally
settled. 1t will throw new life and
ercrgv into all the commercial inter-
ests Of the state. 1t will restore con-
tidence in eve V avenue of business,
and show 10 the world that notwith-
standing the deva>tations Of war, the
panic and the financial pressure upon
the country, Tennesseans value the
lailk apd credit of their commons
wcalth.
The Nashville American favOrs the
acceptance Of the proposition, and re-
fening to Hon NJ. NJ Blien's address
in Yesterdays issue, in which he an
nouuces li> dcter,aination to vote for
acceptance, SAYS: 1.-The situation is
frankly and fairly stated, aud a con-
ciusion reached which we are satisfied
mast be REACHED l,y every calm mind
after impartial reflections to what is
Justice, selfintere>t and expediency."
The Chattanooga Times, Chatta-
nooga Dispatch, ,lopesboro Journal,
Kingston East Tennessean, Clevs,
land Banner, Monroe Democrat, Cleve,
land Herald, Athens Post and Inc
deed, the large majority Of the journ-
a., Of Tennessee favor the acceptance