Bloomington Herald

The Truth.—Senator Walker, from Mississippi, on the 20th of February, thus eloquently concluded a speech against the proposition for the assumption of the State debts by the General Government:-

Sir, what would be the effect, if this Government could and would assume this debt—a debt of six millions, and at least four millions more as a sinking fund, if we ever intend to pay the principal. A burden of ten millions per annum was to be imposed on this Government, that already has a debt of twenty-eight millions, now threatening a rapid augmentation. This, then, is a proposition to bankrupt, and, by bankrupting, to destroy this Government; it is a proposition to despoil it of the means of defence—to deprive it of the sinews of war—by taking away its revenues as a pledge to foreign stock-holders. How can we defend the country, if, with a heavy debt now, and a revenue already inadequate, we are to apply six or ten millions per annum in payment of State debts? It is a proposition to abandon the Constitution, and subvert the Government; it is a proposition to dismantle our forts, to spike our cannon, to disband our army, and to sink our navy, to recall our fleets, and strike down our flag, which they now bear in triumph over every sea.—

Yes sir; this is a proposition to overthrow the Constitution, and strike down from its ramparts the flag of the Union; and, whilst the flag was still floating in our view, let us announce to the assumptionists at home and abroad, that this flag shall be defended to the last extremity; and that, if the friends of assumption should strike down that flag, we will never abandon the contest until it shall be re-captured, and placed again in triumph upon the ramparts of the Constitution.