The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1884-01-16

ltylF very costly Mnnd Ef01l Dles0me
law suits have already been COM
menced i'm the United States court.
We regard it as exceedingly unfor-
tunate that we can not have harmo-
Ply and good feeling between the,
taffrodd dempapids and ebusiness
community. The great need OF
Tennessee nc present zig more raii--
roadsTG ompetspg liues Will do more
t0EeheRPent absportatioh than. all
the-laws the legislature could pass in
d lifetime When Denuesseef gets
all the roads she needs it will be time
enough to talk Of regulating the
price of freight by law. But when
the time comes the different routes
will regulate each other, and no law
will be needed. At present we vote
for some more railroads ''sg'''4 ny
In 1886 twenty thousand dollars
Of the Hawkins county railroad
bonds will full, due, At that time
the principalofthese bonds will have
to be met and settled in some way
E=either by re-fundirg or paying in
cash. ~ We respectfully suggest to
our magistrates that the present
Is a good time 10 make some sort Of
provision to meet the event which is
coming. A tax over and above the
amount necessary to pay the annual.
interest of five thousand dollars per
year, in addition te-the present sink
ing fund, would probably meet the
case. This would certainly be pref
cradle to waiting until the g day of
judgment" actually comes and being
compelled to pay the full amount OF
the face of the bonds under a man
damus from the court, 1t would be
better for us to pay ten thousand
dollars a year for the next two years
than 10 have the twenty thousand
TO tumble down upon us at one time.
We have already paid more than
forty thousand dollars interest on
that forty thousand dollar debt. The
county is reasonably prosperous now
let us all strain point and pay
the principal and stop the interest
for all time to come. r 10 sssGHI
.itr fa i.-t 4. - ra- r..
One of the most important ques-
tons that will present itself to the
present Congress is that of the cur
rency. The foundation of our bank
note circulation is the National debt,
as the Government bonds have to be
deposited with the Treasurer as Sc
curity of the people against loss
when banks break. The debt is be-
ingrapidly paid off and in the course
of few years there will probably
be no bonds to deposit. The nation
al debt must either be made per-
thing or some other PLAN
will have TO be adopted to furnish
the people with money. A very
large majority of 1.-THE people of the
United States are in favor of paying
off the debt as fast as possible, and
in a few years wiping out the whole
thingaa ASS national debt is not a
national blessingP and never can be
IN a country like this. It devolRes
upon our statesmen now to devise
some plan by which we can have
safe currency and at the same time
not interrupt the business of the
classes by changing from
he present national bank system to
he one which is to suppIant it. We
should like to see the present Honse
IF Representatives take the first step
n this matter audpresent. some plan
or the consideration of the people. |
The plan, when adopted, ought to
,e permanent one, as the prosper
ty of the people depends on the
liability of the circulating medium.
During the present year the canal |
round the Muscle Shoals in the |
Tennessee river will be completed. |
Boats can then pass from Knoxville
o New Orleans, to Memphis, st. |
Iouis, Cincinnati, Louisville, or any
Their point on the great water
curses of the West, Southwest or
Northwest. What effect this water
transportation is to have on the
of East Tennessee re
mains to be seen. That it will be
cry great, we, have DO doubt. Peo7
lie complain that the railroads
barge too, much for taking heavy
roduce to market. Hereafter they
an use the river, and if this route
royes the cheapest most of the
rain and other heavy, bulk freights
nil doubtless seek transportation
y steamboats, or barges to the vari-
us markets in the Mississippi val
~. ZEE si Us'T ~ qer
The next improvement to be made
to, clean out the shoals in the
[olston river above Knoxville so
rat stream will be navigahle for
nall boats, and then the country
ON the Virginia line down Will be !
! condition to compete with any
5her region in the world in raising ;
rain for market. "A survey of this {
yer has already been made by a :
,rps of engineers sent out by the
and estimates made of .
Re cost Of the, work If our Con- G
at Washington will press '
le point with halfas much earnest. I
sss as the Importance of the work 9
smands there is no doubt but the :
preparation will be made; and the i
ork put under contract forthwith. Q
he great expense of the work at !
uscle Shoals will be of little value :
lless the small rivers are made i
- Less than half the /
Mount expended at that point will
can out all the Instructions above a
ID give us safe navigation, through :
the Mississippi, - essI n n
There is a great deal Of useless D
scussion going on just now about i
@ tariff. The common mass of e