Clarksville Weekly Chronicle

THE CHRONICLE
ED. C. CAMPBELL, Editor.

Clarksville, Tenn., April 30, 1881.

TERMS: $2.00 IN ADVANCE.

A FEW OF ITS RESULTS.

The New York World, commenting on the trade and general condition of the business interests of the country at large, says:

The commendable course of the Tennessee senate in passing a funding bill in that state has not only improved the bonds of Tennessee but communicated strength to other Southern state securities, the holders of which have taken heart of hope from this action of the commonwealth of Andrew Jackson.

The indignation of Virginia at the conduct of Senator Mahone has also had a very beneficial effect. And enormous if not quite unprecedented business in Southern state securities, and a general buoyancy in the prices of those securities, have formed perhaps the leading feature of the week in stock exchange transactions.

This of itself is a sufficient answer to those who have seen no good results that have flown to Tennessee and her people from the recent honorable settlement of the state debt.

We have but to read the comments of the press, not only of the North, but of the entire country, to see that the stand which has been bravely taken by Tennessee for the redemption and maintenance of her credit and commercial importance is beginning to have a most salutary effect upon her vast industries and resources. Activity and confidence have taken the place of inertness, sloth and despondency. No longer do misgivings and distrust fill the minds of business men. Capitalists stand ready and willing to invest their money. The smouldering fires of our iron furnaces, and a thousand other manufacturing enterprises, will be kindled anew, and the busy hum of prosperity will be heard in the land. This settlement not only affects Tennessee but the entire South. Its beneficial effects are already seen in the bonds and securities of other Southern states.

Other states will be induced to follow her grand and patriotic example. She will be a criterion and strengthening incentive to the proud 'Old Dominion,' to arouse and relieve herself of Mahoneism and all its blighting and damning heresies. This impotent attempt at renewed agitation by a few chronic repudiators and office-seekers, which is now blatantly spoken of, will die almost of its own incubation, as it deserves to do, and, after its short life's fitful fever, it will rest, forever, never to be resurrected again.

They cry out 'Oh, the people—the people will never submit to this iniquity.' We tell them the people, the intelligent, thoughtful, thriving, property-holding, tax-paying masses of the people have already begun to feel the amelioration of the times, and rejoice that it is settled. The influence of our state will continue to grow and be felt, and we will have an opportunity, as our position, resources and educational advantages all conduce to, to take a position as the leading state in civilization and progress in the South. We see the dawn of a new and brighter era for Tennessee, and we hail its coming with glad acclaim.