The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1878-12-05
SCHEDULE.
n. d. & c. SIR, Decatur Divis'n
The Torbett Issue and the State
Debt,


The Torbett Issue and the State
Debt.
The Supreme Court of the United
Sta es having decided that the Tor
bett issue Of the Bank Of Tennes
see was legally issued and the State
is bound for its redemption, il will
probably bound upward very rapid
ly from 80 cents towards par. We
learn that at least 100000 OF this
issue is owned in Maury county by
w. j. Whitthorne, j Nj. Mays, John
Frierson, Lucius Frierson and 9th
ers. The whole amount of this
issue outstanding is $S00,00 which
will necessitate a levy upon the
property of 30 cents for this specific
purpose. OF course this will pre-
clude the possibility of any imme
date settlement of the State debt.
But suppose the same high tribunal,
the Supreme Court Of the United
States, should decide that the past
due coupons of the State were re
ceivable for taxes Then the bond
holders would have us bound hand
and foot. The decisions of that
court are LAW, whether right or
wrong. Had we not better compro-
mise with them as soon as practical
bile? Such q decision is no more
improbable or unjust than the one
Just made The tolls are tighten
ing. 1t is knot for the Lcgisla
ture To unite. What will it do.
What can it do? Echo answers
What! While it is impracticable
not to say Impossible for the debt
TO be settled, at once, it is important
that immediate steps should be ia
ken to that end. The debt is accu-
initiating at a fearful rate-$l, 800,
600 per annum-and the sooner it is
adjusted the better.
DIR. f. l.. Drake of Fayetteville Is
a candidate for State Librarian, a |
position for which he is eminently !
qualified. We have no disparage- |
ments to make of the qualifications
OF others, and especially do we dis
claim any reflection upon tue claims
and qualifications of Mrs. Haskill,
should she he candidate. But the
qualifications of DIR. Drake are pc
culiar. Being a graduate of the
University of n. c., gentleman of
literary tastes and culture, and edi- |
tor of brakes Annals of the Army |
of Tennessee and Early Western |
History" he could and would be |
useful to the State in coupling the
duties of State Librarian and editor |
Of the periodical named. in keep |
ing up the current history of the !
State and exhumIng the past for
publication. If the Office was at
our option. we could bestow it upon
no man whose personal claims
would be stronger, or whose qualifi-
cations are more conspicuous.
The calendar of the House of Rep
resentatives, which has just been
officially prepared, is larger, say the
clerks, than any calendar that has
been ready for a second session of
Congress for years. 1t is a docu-
ment of thirty-five pages, aud con
tains seven reports of committees
and bills undisposed ot,which mean
that they have had partial consider
alton: five House bills and resolu-
tions, wish Senate amendments;
ll6 from the Senate on first and
second reading; four concurrent
resolutions, ninety-One bills in
Committee of the Whole on the
state Of the Union. and 225 bills on
the private calendar. just about
one eighth part of these bills will
get through.
The State debt is up for discus
sion again, but we beg TO he ex i
cused Just now. We nave had our I
say fully heretofore. We wanted
the late extra session TO settle it, ;
and think yet it ought to have done
so. However, We don't like the late {
dictatorial ultimatum of the bond
holders. 1t is i'll timed, not to say
ill-tempered, and will not impress
taxpayers rs being an emanation
from men who sincerely desire com
promise and settlement
Hon. Geo. :. Houston was never
defeated for any Office. He was I
fist Attorney General, then Con- q
gresham 20 years, then Governor |
4, and now is u. 5. Senator elect. l
Before the war he was a Union man 9
and opposed secession. Yet he
was true To the South and was l
electeG over two original secession I
ists-Pugh, and Gen. l.. 7. Walker, u
late Confederate Secretary of war. 3
Gold has been discovered in
Hardin county. The specimens ex
hibited are SAID to contain genuine
gold, and the editor of the Tran L
script says Idian traditions locate I
vast quantities of both gold and h
silver in Hardin and Wayne. The 9
iiscoverers say that there is plenty Il
of it if their specimens prove to be I
loaded in paying quantities. Q
Hon. Geo. s. Houston was elect 6
ell L. s, Senator from Alabama on =
the last day of his Gubernatorial =
term. He was elected to the same .
position in 1865. but not allowed to "
take his seat. Few men in the Sen "
ate have seen SO much of public :
life. Il
In vote on the question of re
moving the State capital from New a
Orleans 10 Baton Rouge, 10000 -
failed To Tote-lS,000 =
Of the failures being in the former ,
city. New Orleans will remain the -
capital by a majority of I,64S. =
In his last sermon ParsOn Tai 81
mage takes brighter view of things IL
n New York. He says that Satan ,
IS unusually active just now, but ii
that this IS a sign that he is wind al
ing up his business and is about to d.
take his departure. %
Exports of cotton, wheat and :,
lour continue very large. No gold n
goes abroad, and but small :,
mount OF silver. mainly to China.
The Memphis Appeal thinks the p,