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Assumption Of The State Debts By The General Government

Assumption Of The State Debts By The General Government image
Parent Issue
Day
11
Month
July
Year
1842
Copyright
Public Domain
OCR Text

Genenil Government the packhorse for the burdens of uil the States, is now fairly before the paoüc. A memorial to Congess has boen circuatcd in Pbiladolphia. askint; Congres to issue nntional stock to the aniount of 5200,0 )Ü,000. vhich will just cover the debts ol the States. - The stock is to be distribute damong the States, for each Senator, $1,030,000, the balance to be divided on the basis of representaion. In order 'to malie the stock valuable, it is proposed to plcdge uncon litio nally the proceeds of the public Iands, and to lay a sufllcient duty on loreign merchandize to secure the punctuai payment of 'he interest. Thus the solvent States will pay the debts of íhose which are inso lvent,nnd state stocks which will not bring 20 per cent in the market will be taken by the nation at par. Thcre is no danger, iidwever, that the country will be mad enough to adopt such a measure of relief. QThe Ohio Pree Press, {Wbigj says of eertain Whig conventions:- "Tho meetings -of Clinton and Portage, if we recollect right, Avere equally careful with the Zanesville meeting to omit the name cf Mr. Clay, believing, no doubt, that name in Ohio toill dejeat uny garty that may be identijied with it." HTE. D. Barbar, ot Vermont. the Liberty kandidate forLieuteuant Governor, is the riominee of the Democratie party for the sa-ne office.(DTAt a large meeting of the colored citizen of Boston, they unanimously resolved, that the wouid noi permit theniselves nor brethren to b transferred to the soutbern prison house. OTThe anniversary of the Illinois A. S. So ciety was held, May 30. The resoluttons wer -spiriied and sensible. The constitution was al tered tso as to proliibit niembers of the Society 'from voting for pro-slavery Executive or Legis lativa offices. The Liberty party organization wa9 fully approved, as was also the Peterboro Addiess to the slaves. A liberty Convention ■was held immediately after, and noinination made which have noi yetreached us. [CTThe New Orleans papers state that the owners of the slaves on board the Creoie have -coninienced suit againsi one oí' me insuidiice Co.npdrties in that city lor tne ainuunt insured at that office. QZTThe colored citizens of New York hold a State Convención at (Jtica, August 24, for the .purpose of" securing the unresuicied right of sulIrage. ETIt has been decided in New York city, that when a slaveholder volant arily brings his slave into th it State, the slave beco mes free. - The late decisión oí the Supreme Court applies only tofugüive slaves.

Article

Subjects
Signal of Liberty
Old News