The Montgomery advertiser., 1901-08-29

A correspondent sends us the fol- lowing letter:
 PRATTVILLE. Aug. 2S, 1901. Editor. The Advertiser:
 Your correspondent has learned during the past few days of great deal ot oppo- stften to the adoption of the new ConStl- tuition. This opposition is of such na- ture that unless reaction can be set up 1t will be difficult to carry tnis county for the adoption of the new instrument. The complaint when forced to particulars narrows down to the provision limiting the tax rate to 6 cents on the one nun dred dollars worth of property ana the further provision that only 8 cents or this amount will he subject to payment or the general expenses of the State. It IS reasonably certain that the enactment ol the provision setting aside 3o cents or the 6s cents limit of taxation for the purpose sctment go far made. This reduction or the tax rate has been considered here an unwise measure. and now to come III 1 un1 force the half of that amount 10 De useu other wise than paying the general lndeDt- edness of the State is looked upon as nm nnirinp the credit of the state
 The friends of the new Constitution hers ara anxious to have this matter cnangeu so as to meet the objections and thus rnake it certain to be adopted mere are quite a number of changes in the new document altogether aceeptiDie 10 the peo ple who are complaining about tnls tnn 
 ir this county If the tax rate op1ectloh was removed. The hope is treeIy & eA- pressed here that when the comVeh.to,, .h.t a meets again that they VIII see 70 !. lnao ot t change along this line is made 10 meet inc anproyai of these compliments.
 When the proposition to make the limit of taxation 65 ce Its was H"der consideration The Advertiser opposed if. and believed, with our rrespono- ent. that if 3 mills were to he tax T. from 1t for educational purposes that it might endanger the credit of the State. That evil. we!er. has been happily averted by claI5e in the sr- ticle on education, which while setting apart 8 mills for schools. expressly Lro- yides that 1t shall not interfere with 1 the use by the State os any of it's reVe- nue for the purpose of meeting the States interest on its bonded obliso = tions. There was no dargc" under 8 65 cent limit of the St4se not being able to meet all it's other obligaft ms and under the clause a6nTe referred to that danger cannot arise. In fact 1t establishes beyond question the States credit, for when those who invest ln State bonds find that 4 A.abam1 has pro
 vided beyond all doubt for meeting its interest obligations therc will be no trouble in renewing our present bonds at a much lower rate of interest than
 is now paid Indeed we feel quite sure
 that the annual saving 1f interest will
 be at least $1OO, That os itself ought
 to go a long ways towards securing | ratification uf the Constitution. It
 means a saving of not less than $a 'oO''
 900 on interest account and probably
 more than that. The chances are tEa. the State will have ample funds every year mot only to Fay interest.
 but to devote the entire mills to schools. It was only in excess of eau tion, and to meet unexpected contin- sencies that the proviso, making pay
 ment of interest obligations absolutely certain was adopted.