The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1881-03-31
APPEALING TO TIE PEOPLE.
They Are Asked to Protest Against
the Violation of Solemn
Pledges.
A Document That VIII Sound an Alarm
Throughout the State.
To the People Of Tennessee:

The undersigned members of the
General Assembly of the State of Ten
nessee believe it to be their duty to ap-
peal directly to the people, to warn
| them Of the monstrous crime about to
be committed against them and their
children to the fourth generation, by
passing into a law the acceptance of
the scheme of jobbers and spectators
in Tennessee bonds, by which the tax
payers will be saddled with perpetual
debt of s27, 0O0, 900, with an annual
interest debt of $4,000.
This scheme is called the 1908 prop
osition.
1t recognizes and assumes every
kind of outstanding bonded indebted
ness of equal merit and legality, and
makes the interest or coupons on this
Indebtedness a legal tender for all
debts due the State for a period of 80
years.
The bill to fix this perpetual mort
gage on you has passed the House OF
Representatives by the following vote:
AYes-Agee, Anderson of Cooke,
Anderson, of Madison, Austin, Baker,
Boyd, of Lauderdale, Boyd, of Upton,
Buquo, Butler, Cassels, Cochran. Cole,
Cooper, Eaton, Ezell, Fouts, Grisham,
Hall, Harrison, hawkins, Higgins,
James, Jarvis, Kennedy, Lester, Nc
Annually, McLemore, McTecr, Nicely,
Norris, Owings, Plummer, Poston,
Reeder, Rhodes, Rogers, Smith, Sykes,
Trimble, Vernon, Wilkes, Wilson and
WiItse--43.
Noes-Bagwell, Beasley, Brooks,
Buchanan, Coulter, Davis, Driver,
Dulaney, Class, Hash, Haynes, Hay
ME, Head. Houston, Jones, Lewis,
Manson, Martin, Means. McKenna,
Pillow, Steele, Thompson, Watkins,
Warren, Woodland and Mr.. Speaker
Ramsay-27.
The passage of the bill through the
House was forced by body of specu,
lators in the honor of the State, and
this body of men engaged in procuring
votes of members of the General AS
sembly openly boast that the Senate
will also pass the bill of 1908 as il
came from the House, with all its
odious and criminal features unim.
paired. We believe the body of spec
ulators will succeed if the people re-
main silent.
They have invaded the Senate cham
Der, and boast with astounding au-
dacity that Senators elected by low
tax democratic votes will support the
| job, and they claim other Senators who
pledged their constituents to oppose
the coupon crime.
If the bill becomes a law. the rate
of taxation must be increased from ter
cents-the present rate-to 20 cents
on every hundred dollars of taxable
! property. The highest rate ever levied
was 80 cents, and this rate was levied
but twice since Tennessee was admitted
into the Union.
| 1t is safe to estimate the local taxel
for 1881 at 81, $50, 900. If the 100;
job becomes a law, it will require
State tax of 20 cents to comply witt
/ its provisions, and this rate will re
quire the people to pay, in addition Il
the local taxes, 81 All, 900. OF thi
$4,000 viii be set apart to pay tn,
interest on the S27 900, 900 of tn
, newly funded bonds, and the balanc
| to pay the current expenses of tn
State government. The people O
Tennessee will pay annually in take
the sum of So, 1921, O00-a public bul
den so great that it cannot be carried
, In defending this system of publ
: plumber, the more tender Democrat
: members of the House, elected a
3. State Credit democrats. and who vote
for the 1908 proposition, have place
t upon record the following extraord
nary apology:
| "Mr. Speaker The hill does Nc