Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-07-30
What we Have at Stake.
BEANS STATION, July %.


of Tennessee than the mere ques-
ton of dollars and cents. But 1T
is a contest between the regulators
on the one side and the State credis
men on the other, and you will ma
that every strait-out repudlateor is
onnosed to the acceptance of the
50r4 proposition. Now this not IS a
Rennbliean measure in toto, We
admit. but it is the best proposition
that possibly could have been passed
in the last Legislature, there being
such large proportion of the Dem
ocrats regulators, who were in the
ascendency in either house. Now
as this is a contest between the
State credit men and regulators,
who are the Republicans to vote
with? Why with the State credit
Democrats of course. Can we
affored to vote with the regulators?
If we fail to vote it counts one half
vote in, favor of Reputation, as it
amounts to withdrawal of vote,
and failure So on either side
counts the same way. If the
proposition is rejected, our State is
then carried BY the repudiators, and
they will exuit all over the State,
it will renew their strength and
increase their hopes, and repudia-
ton will be the final result in
this State. I regard the so cents
proposition as very liberal one,
and one which the Legislature ought
to have. accepted and have settled
this question at once, but then it has
been tried time and again, and
failure has always been the result.
Those proposing to accept 60-6,
according to the statements
made by Governor Porter to the ex-
ira session of the Legislature, 1877,
held bonds to the amount of ST.
TATTOO. See message. It is now
claimed that something over
SIS, 100000 representation proposes
to accept the 5O-4 compromise, but
as to the amount represented by
those who renewed the 60-6 propo-
sition to the last Legislature is not
known, but 1 have heard suggested
that they were not so many as in
1877 hence, the cause of conceal,
ing their number, as it might weak
en- the proposition if their
numbers We're rightly known,
1t will pay the State of Tennessee
to accept the proposition of SO and
4 on 81, 100000, and allow all those
desiring to do so to bring them
selves within the provisions of the
act, but none should be barred who
have not and do not desire so to do
but their claims should stand open
for future adjustment. In my judg>
ment it will take a tax of 81 cents
on the 500 of property. The
Comptroller says it will take IS
cents on the 500 of property,
which will leave a respectable sink
ing fund in the Treasury. But we
do not want sinking fund now,
but after we pay interest and get
things in running order, then we
can provide for the sinking fund.
But what We most want is to defeat
the regulators, and give them to
understand that honest men will yet
rule the State; or should we say:
flight dog, fight bear. 49,.
No dog of ours there" -~--s. s.
And truly it is not fight of
ours. But it is afamily quarrel
inter sese among the Democrats
themselves, and they are responsible
for the disgrace that has been
brought upon the good name of
Tennessee, as they have power
to dispose of this question honora.
bly, if they would. 1t is a we'll es-
tablished fact that the Republicans
have been sound all the time On the
State debt question. But it is in.
sisted by some that the Governor
has violated the law in ordering an
election, how this is I can not say
but if he has, the people are not tc
blame. We take it for granted
that, as he is acting under a solemn
oath to support the laws and Con.
stitution of the State, that he ha;
done his duty, until the contrary
shall appear, and presuming that he
has, in this case are for accepting
the 5O-4 proposition. IF the
so proposition is defeated whar
will be impression abroad? In my
opinion it will be that the repudia,
tors have carried the State. I
this conclusion is right every maj
who has an interest in the welfar,
} of his State certainly desires to Sc,
the 50-4 proposition carry. 10