The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1879-05-09
Ken.ucs1x sante nanN.
: Measure sor EeeiEeyseE she
People.


mate te say that, one half or three
fourths Of the real estate owners IN
the Statesof Kentucky, are embarrass
+ Ell to greater or less extent, by heavy
interest bearing debts, and that their
condition appeals earnestly for any
kind Of reasonable and honest meas
ures for relief. The land owners thus
involved are the best men in the State
and their condition, in many instances
has been brought about by conditions
and causes beyond their control as in
i dividuals To other words, the shrink
age in values and general deprociations
incident to the country dropping from
war imitation prices down to solid gold
values, has left tLem buae,ing with
losses and prospective bankruptcy.
The true theory-tbc best theory
and ihc final theory-in such coadi,
-''rions=-rs- Tor TIC cTTzeD, embaTras sea
by debt, TO look to himself FOR relief
70 his own industry, economy, and
management Bat, the popular idea
of the day is for the Government By
some political necromancy, to relieve
the people Vi debt. Hence. the poll
iieiaus, FROM time to time, jump up
temporary stay laws. etc, to give re
lief: bat stay laws only 5e}oy, ana do
not relieve
There is 10 measure which can be
endorsed As an unlai.ias panacea to a
Newfoundland citizen, but We believe
iha,
WELL REGULATED STATE BANK,
thoroughly guarded and restricted.
could be made the raeaus Of immense
relief to the people Of Kentucky OF
course such an institution should be
so thoroughly restricted hy business
rules as to make the State. al aIl times
aud under all circumstances, safe; and
this being thoroughly secured, let its
grand object be directed to the relief
Of the land owners Of the State Of
Kentucky.
The Goyernnent Of the United
f States Issue, million. of
FOUR PER Cent PAPER.
/ w hich is not oa!y taken at par, but is
in great demand By mopicd men, IN
/ preference 10 all other kind OF iuvest
meut.; and if this is true. why might
not The State Of keuiucky Issue a
Proforliona,ely less amount. which
would be 10 demand at ( per cent? If
placed upon as good safe, and certain
a financial basis as nov characterizas
!. The manage meat of nati5nai finances.
there IS nothing to prevent certain
volume OF STATE paper from being 10
As much demand a; / per cent as Ia
tional paper now Is; and, If based up
on lrsU guarded idea Of givias pref
ereuce accommodation to ken.ucky
land owners at / per cent, in de.errei
iastuilmcnts, it certainly would give
iu'measurable relief 10 oar people BY
cutting down the interest rates and
giving Item breathing space 20 adjust
their lortrue- to deprecated values
We are no, now discussing objoo
,ions in the State constitution; uorex
is'ing ua'iona! Determinations again.,
State bank; nor the mauifoid abuses
to which such plan could be made
subject; but to the i@ea, assuming that
Instructions can be removed, and
abuses guarded against. Above oil
things, len the country never again in
its history tolerate any kind of
WILD CAT BANKS,
which can only bring ruin aud decep
iions to the people The distressed
financial condition Of our people de
mands relief, if it can be extended
safely, honestly, and upon reasonable
terms. We see no good reason why
State bauks could not be organized
now on souud safe, ard sure basis.
precisely a many States did before the
war, aud the money issued always be
maintaiued as good Let no money
shark ridiene the idea as "mob
bank" owned and controlled BY mob.
and when the mob has enriched them
selves they viii leave the State ruined;
and let DO citizen imagine that the
/ COURIER contemplates Stare bank
ing machine TO be driven up to every
mans door to grind out State money
enough to pay each indiviiuals debts,
Tor the COURIER advances no such
ilea-; but we do mean STATE bank,
established Oh safe aud praciica! ba
sis, issuing volume Of raPer at + per
eout capable Of adordins great relief
to the people.
The people are at fault that they do
not force candidates for The State Leg
i>Iature TO defined positions 90 such
q1c>iion-. The people shpnld meet in
ueighborhood-, counties. and districts.
and put for@ard plans OF relief, and
candidates capable Of diSees;ing aud
executing suel. plans. The plaiu, prae-
teal sense men of the State need to
bold such efforts Of relief down to
plain, practical sense rules and not let
demagogues engineer such movements
into useless, visionary schemes.
Hon. T. L HARGIs has been nom
mated as the successor ofJudgo Elliott