Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1881-01-18


other. Thousands of our citizens have len the
STATE during the decade. TO escape their butaens
vi debt and taxation. hoping TO better their
chances In new country.
WHY Is IL that the West Is making such drafts
upon our population. upon the bone aud muscle
and intelligence of our State Aprosperous peo-
ole do not emigraie: only those who are IN as
treSs This is true of emigration from one Staie
10 another, A. well a OF emigration nom the olu
countries 10 this.
One of the most efficient causes tending 10 drive
citizens from the State, i the law Of imprisoh-
Inent for debt. a. all must admit that WI" kno"
ANYTHING ui it, operation. This law J. made the
means of great oppression. Demands arr cnt up
into small amounts. ten fifteen dollar n"tvN
given. execution taken out upon each, ami the
debtor /, pursued, harra>scd and oppressed, untll
he i iurCd Ia leave the State to preserve hiN pr
sula liberty. The poor debtor IN this STATE i
deprived at the benefits ui the statute cNcmpiWS
hi prupcrt, from attachment, inr u must 60 II u
h. nj, last COW or shoat tu pay The i,N> and cost,
of hi> disclosure. II j. shame thai the personal
liberty of the citizens Should bc held niorech'ilr
" than the collection of ten dollar demand
Maine f, now about the only State that retains
upnn itS ,tatH,e books this relic OF harbari>u.
Tn, Act IL last winter, giving justices ot tie
t.,,Cc ami al the quorum Jurisdiction, throughout
the state add, Ia the Accumulation al thN law i"''
In ease of tll,clu~urr, the creditor may nov lahc
Ms iu,irr from the most distant Tau If the >iat''
Usury.
rhcu la ait "f The law 81 imprisonment i"r 'lchi'
w have statute which limits The Interest, Whl,h
the rp',li'oT> may exact only 10y m- gr'','i an" i'
ncrc~siiic, 81 the debtor. Under thi, law, what
ever the rNactou~ by the money lrnlcr IN the t"r"
uf interest. they are not regarded a, u>urS "r e\
toriion. unly business TRANSACTION. Inc cNH
effects uf the law develop slowly but surely. lh'A
tend not oulS transfer The property OF TIE MANY
a. the pocket, Of the few. but to partculariEe snl
blight AN productive industries, by rendering the
a..
well ~ IA. most favored business Ia The >tat'.
The evil crc,t, OF this law have bccn most con.
,picuou~ Ia the disasters u has brought upon our
saving institutions. Al have suHcrcd Dt u ah'
many l-crn brought L. the verge of ruin. The man
agvr- OF these Institutions arr ot the best men ~
our state ami Vet. ia the management 81 iun- mol
their own AMI under the restraints of legislative
.uicrN sion, such their passion fer tish rate
ut Interest lhe-c men neglected their hrst duty Z"
the dcpo-ior> AMI loaded the hanks With invest
ulcnI- 81 such doubtful character that banks
holding ~ millions uf deposit, >u-pthlcd iat
ncnt. II these ln~olNcnt l0nk> hat gone I'M" IN
hands ~ receiver. instead Of having their hah4h
tie, -.acyl down under the Wi-c provisions OF our
law the result wou NJ have been disastrous Indeed
II supl mru-thc best In the >taic-hauihg tTusI
fund, anxious to make money Tor ot'.t,'
whAt may not expect. under the hyrH-c "l uhs
isw from those who arv governed In their rates "i
Interest. only by their greed 10 make none! Tor
themselves
mi, law also tcuds 10 aggraVatc, immensely. Ear
yryater e,il--tho-c resulting from the mon taxable
Government bond.
Government Bonds.
prti public and private. dcb; and taxation arr
SLOWLY but surely undermining our free Institution
Government buud- not only c-'apc TAXATION tten'
.elvr- but they furnish cover Tor all other kihI@
81 cSileucc> OF debt that ARE taxable. Ihs doub!e
iniqu,ty must h. endured 80 luug e. nlie' Stale
Bond, ar, endured. IL would scrm that the prup"
.luou 20 refund the seven OF eight hundred uililoh-
of niicd state, Bond. nov maturing, could meet
with little favor boy the mas 81 the people ot th''
STATE. that their iutcri-l, demanded that these
bond, should bc paid. not refunded To- rewain bur.
dcu for generation at least. ami perhaps Tor gvh
eraliuu-. Then that other proposition, bri"Tc ihc
American Congress, to retire and destroy The $40
600 900 ~ legal tender notes,-burn them. - that
out Of their ashe, may arise Ike amount OF inter
ct lrariug bonds to further iaN thu labor anu III
iu-tr, Of the country. Would II not - m"rv la a.
ruriancc with the interest 81 the toiing masses Ia
thu c"uutr. require the National hank 10 tr'rr
their curpnry. >nIuc over thrcc huudtrd millions
AMI r.plarc II with ntcd stairs legal icndcr-. auh
thereby Ir,s 81 like amount Of nllci state
Bonds, burn thrm up and thus relieve Tue people OF
- much burden II inteu'-,. anil above all. frun the
hancfu! influence of these bonds upon the currency
and bu,inc~> 81 The country
The Treasurer of the nii.i stale, h h!, last r.
port say Instead of the volume ~ the cir'uh
iion lsiu- regulated nl the business need, "i Tie
rnuntrN 70 i- governed hN the price "i With
state, l-p,I.' Within the last year q large r,iuc
tun ui hank circulation has taken place Ia the i1rc
OF au active demand Tor money, simply ir'Hu-c
.,,ui Ir,dt cuud l,v mad" Dog Withdrawing sui
selling tl, four per cents, d"P"-ii,- a. security Tor
circulation. \carly twenty tiNr million dollar Ia
four t-.r cent lund~ thus withdrawn during
tie la-t i-,al YEAR" The power that control, thr
volume 81 The people money u certain 10 control
ih. peoples d.-tiniv>.
Ih.> question 81 The currency i- uur about which
honest men may honestly dilcr II j. al important
question It. decision VIII bc ~ lar reaching con
..~iurlt,. n the hank currency win the whole nrli
a., circulation. then We shall have never cndlu.
national ,irlt maintained by the lank, the ha,i,
col their ~ i-itic. w.. fo,tCr,, hy them - ma
uunal blessing to- the bank>, ever Increasing In
uuinl-r ami power the country incr'a-''~ la
wealth ami population AMI certain e. htc"mr. II
mo-, -, alrraN political machine hostile Ia inc
government. mngiung IN the elections AMI lcgi-la
tiuu uf the country rvrrupling th' pr-- and exert
ing n. influence In the Only NAY known in ti-
money poverty corruption.
hut II d, claimed that this bUud policy l. dcmand
e., In the interest of lille capital thai Il l. Necessary
tn furnish an opportunity for safe Investment ~
idle capital" These -aiC investment, for idle cap
iial arc destructive not ony for thr ndustrc> hut
OF thc morals II the people. y, they rcudcr TIE
trade, uf the money lender the most profitable
business they tend lea cratc 4 race NJ tdlCrs,
mi-.,r. AMI cowar,i- who viii never take any
chance, with labor in the productive indu-trtc-
while this opportunity for safe investment ami ~
cmption from taxation J. open To them. They take
no ri,A, Tee Vanderbilt, with tens of millions "f
l ntcd >tatc> bond-, spending the Interest IN Eu'
rnpc and the tens Oi thousands 81 lesser bond
holder, who produce nothing and do nothing cN
cent elm cnup1ns,-What arr they io THIS country
and II, industries, bu, = class Of sildcd paupcr-
supported by the labor of this country:
lfthi- hundholding policy shall continue, Judging
~ the rapid accumulation Of property In the hands
OF the lew, during the last hitecn years how long
will il b before we shalt see I'm this country the
same condition of Things = In England, wherr one
hundred and sixty persons own one-half OF all the
.oil Of England. and twothris of scotland; or A.
IN Ireland where only one person In ten hundred