Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-04-08

of MalOn6S anu hluuloDeISeIS
could ever do. The only safe road
is the straight road. IF the South
is divided it will be because Repub-
licanism is dominated by that spirit
which prevails in Tennessee, rather
than by that which animates the
Republican caucus at Washington,
because it prefers to sacrifice party
interests and pay State debts rather
than gain few offices by dishon.
orable and dishonoring bargain.
Therefore is this latest triumph OF
true principles of more than local
significance. It shows there is and |
ever will be among the people an
abiding faith in whatsoever things |
are true, whatsoever things are hon
est, whatsoever things are just,
whatsoever things are of good re-
port" 1t is victory for both par
ties, a victory for independence in
each, and it will be of incalculable
advantage at this time, not alone to
Tennessee, but to the whole South.
All honor to the Volunteer State.
Nashville American (Dem.)
It is final because it is in accord
with right and justice. We owed
the debt, we have received liberal
reduction in interest, the amount
can be easily carried, and, with mere
ordinary growth, the principal easily
retired. 1t saves to the State entire
its self-respect, and leaves it without
a blot, or trace, or suspicion OF
reputation. Those who think Ten
nesseeans are unmindful of State
honor and credit will find themselves
mistaken.
Nashville Banner (Dem.)
This, the only barrier, having been
surmounted, our march to social.
commercial and political success will
be sure and rapid. The battle has
been bravely fought, and the victory
honorably won. The principles in
volved in the struggle, having been
so signally successful in the present,
will be even more victorious in after
years. Let Joy and enthusiast m pre-
vail in every city, town and village in
Tennessee. The State is saved, and
honesty carries the day.
The Nashville Daily Herald went
: into mourning over the passage of
the bill by inverting two column
, rules, and says all manner of hard
, things against those who voted for
the bill.
The Memphis Ledger is also dis
} satisfied, and not willing to give up
the struggle. 1t says the bond
holders "would do well to unload
y while they can, for day of reckon.
!, ing will come. The passage of this
BIZ S at once at ot the u ya sHsse
+ The Memphis Appeal says some
v hard things about the Democrats
r who voted for the bill, but closes
d the article with the following sensi-
. bic remarks:
It is disposed of irrevocably, as
d we explained in the Appeal a few
e days ago, and any attempt to re-
Ii open it, besides being useless, would
: tend to widen the breach in the
4 Democratic party, which all gooC
le men should help to close, would
lie have a disastrous effect upon tn
Is business interests of the State, re
: tard it's growth, hinder immigration
/ and prevent the investment of CAPT
n tai from abroad. A law making cou
lie pons receivable for taxes cannot b
al repealed or modified by subsequen
n Legislature nor by new constitu
al ton of the State duly adopted b.
! the people of the State, TO
the reason that the Federal con
stitution provides that mo Stat
If shall pass law impairing the obi
1t cations of contract" An agree
lie ment to receive the coupons of th
to State in payment of State taxes is
st contract that cannot be impaired b
le either Legislative act or constitu
he tional change in the organic law c
is the State. Further agitation of til
ut subject would therefore be it'll
is short of criminal. All that could b
r. done to arrest the progress of tn
is bill during its passage was done b
a the press and by the people, an
a now that it is an irrepealable la,
in there is nothing left but to submi
10 to it like law>abiding citizens. W
of hope the Democracy of the Stat
w will agree with US that the del
Id question is no longer one for polit
r. cal discussion-that it is settlet
be finally and forever.
l. The Avalanche, unlike the A,
peal, will not consider the matte
~ settled, as the following wild say
~ ings will attest:
be There will be now the fercest col
on test ever known in Tennessee
tn undo this iniquity, and it will
be undone. There are many ways
at avoid the effects of the tax-coupol
a. and an angry people will not sto
in until this is accomplished. If IL
of State courts should find the law III
to constitutional, as it probably is, thu
av will be an end of it, and til
en- Federal courts will have nothin
be to do with that question. Lon
before the next legislature NEE
he the validity of the law will be teste