The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-01-04

condition viii contribute much to
hopefulness and tranquility.
Thanks to the trainers of eur con-
stitution, we sre no longer vexed
with questions which mightspring
otherwise from the incongrnous,ele-
ments Of our population, and can,
therefore, without such embarrass-
ment, give economic questions full
Ter consideration
am one Of those who believe
shat in legislation we can find a
.panacea for al. our ills, just now,
| admit quite numerous. All we
can do is to make the laws equal;
and individual prosperity will,
come from indiviaual exrrtion. n
"Mississlppi has no mines and
but few factories. Agriculture is
the chief dependence of her .peo.
pie; and to this they must look for
prosperity. The low price of our
chief staple, and the consequent
depression in our business inter-
ests, is to be deploTed. :Bst this
issue will be successfully met
through the wisdom and good sense
of that large clsss of our popula-
tion engaged in agricultural pur-
suits, and ! believe that an era Of
better times is in view.
agriculture and manufacture
go hand in hand in the proper de-
velopment Of the industries Of q
country; and while our laws are
already liberal in respect to both,
whatever other means are neces-
sary to ths encouragement and
promotion of these, ought not to be
omitted.
"There is need of the multipi-
cation of our farms; the subdivis-
ion of the present large areas of
holdings. Thi, change, which
will effect so much good in so many
ways, can best be promoted by
immigration. Hence | would fa-
vor a liberal policy towards secur-
ing desirable immigrants.
Another form of relief which
occurs to me, is cheaper money.
By which, | mean money at a
lower rate Of interest. High in
tercst is a oulshing burden to our
people. TJis evil can be lessened
BY exeppt~.ss- al money loaned
on land at q low rate Of interest,
from taxation. This will encour-
age mensy to be loaned on real ss'
tate. and would be as wise as il
would be effective and beneficial
am aware that = measure of this
character has been several times
introduced into the Legislature and
As many times defeated; but
if our people could be per.
suaded to adopt it at once. I be-
lieve lis wisdom would be demon.
strated. The State cannot tax the
non-rssident lender. The money
lenderst home is taxed and must
charge accordingly higher rate Of
interest, and the tax in fact falls
upon the borrower, who can i'll af'
ford to pay 1t. By such policy
the State would lose little and the
citizer gain much.
"For the same reason our coun
ty and municipal bonds should be
made aon-taxable. At present, i
held at home they are taxable, but
if hclt. by non-residents, they are
not. Hence these valuable secu
rites which should afford a safe
and convenient investment to oul
own people, are taken up and helc
by persons abroad to whom We
pay the interest. If the stream o
interest from our mortgages, bond'
and other indebtedness, which an
nually goes North, could be turnet
and made to flow back upon il
source, We would -sosn hear nj
more Of hard times. ~ '''
"Inerease in taxation and Ok
penditures without proportional
increase in value, is an unfortun
ate condition, 1t may have beel
unavoidable in d measure, bu
there i no higher duty to the PEG
pie than that which now exact
the most rigid economy in publ
expenditures, consistent with: til
proper administration of the gov
ernmtnt. I, While. partial , relic
; may be had bp greater care in ex
pendltures, taxes crnnot be- mate
rally without increase in values
| This result can be reached by Ire