Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-01-25

The APPEAL is grati6ed to be able 10 say
TO its readers this morning that the citizens
have again declared that they will not con-
sent TO the Taxing District government as
suming or becoming responsible for The debt
- the city of Memphis, aud are
bppssed under any circumstances of
settlement to coupons being made receiv-
Hbls for taxes. They are desirous of at
once settling The debt at ffty-aud-six, half
the interest to be funded during the first
three years and one-third Of il for the next
three years, the bonds 10 be redeemsble at
the option Of the commission appointed 10
make the settlement at the end Of five
years. This ought to be satisfactory TO the
bondholders. Nineteen OF the ablest law
yers in the city have declared that such
bond would be more valuable than
one Issued BY tax-leyyins municipal gov
ernment. We hope they will accet. these
terms and facilitate the anxious citizens in
their efforts to close out this city debt ques-
tion forever. Hitherto ihey have manifested
very bad spirit, foil Of threats As to what
the courts may do. They have come up 10
the conferences that have been held, in
temper evidently leavened by the desire for
cenl-for-csni, that seems to be their ruling
passion. The epidemici aud commercial aud
crop disasters If the past seventeen years
have not had any effect to soften them.
They have no bowels Of compassion. Tney
bought the eily's Indebtedness all The way
from forty-six TO sixty cents 90 the dollar,
and they want The face value. The last time
the people heard from them definitely it was
10 this effect, through msndsmuses cruel
ly and distressingIy pressed while the tears
OF the whole population were yet falling
upon the graves OF 10000 dead. The eager
ness OF "Shyoc for the pound OF flesh was
pleasant picture compared with this dread
reality Of Cupidity leasling beside ths graves
Of ihe victims Of dreadful epi iemic, The
hordIyins memories of which can never fade
from the worlds history. This is the last
reminder the creditors Of the city OF Mem
phis leIt. 1t is one ia which the sighs
and groans Of the dying, the piteous walls of
aud orphans aud the despairing cries
OF noble people are rudeIy broken in upon
by The mandamuses of judge full of venom
and hate, willingly yielding to the all-grasp-
ing speculation in bonds, many Of which are
covered with the faint and suspicion Of
fraud. Interposing to prevent the enforce
ment OF these msndamuses wise ingenuity
came promptly to the peoples relief, and
reared wall OF defense between them and the
eormorant specula,ors. These, finding that
all their dsvisiugs OF law had failed to se-
cure them the cent-per-csnt they are sill so
anxious for, come pleading to have that
wall broken down, aud thus, at the cost OF
the total ruin OF the best form of
municipal government ever devised. 10
secure their piuiul gains. Ere that
shall come about the people will sur
render ali, merge the Taxing District with
the county and look hereafter to the
magistrates for a just, wise and economical
admiuistration of local sffairs This is the
spirit the creditors of the city Of Memphis
have aroused, and 10 this extent will the
people 20 rather than consent to open the
doors thar mandamuses may be pushed
through TO the ruin Of all that they are,
have and may be. Now is the time for the
creditors 10 settle. They ought 10 accept the
tssns proposed By 90 decided vote al yes
terdsy's meeting.