The New York Daily Times is committed to objective journalism, and generally publishes any editorials submitted to it. That said, the Times does prefer if editorials are submitted here, rather than on the actual thread.
((I'm actually planning to do a daily post, containing news/editorials, so I'd prefer people giving me the editorials here so it's all in one big post.))
The NYDT is hoping to inform its viewers on a major topic of debate today, the assumption of state debts. The Times invites any interested parties to please submit editorials on this issue within the next 12 hours, for inclusion in the NYDT's next issue. The Times would prefer arguments from both sides. Please submit the editorials here; they will be published unedited ((but I'd like to do it as part of the actual issue so it looks nice)).
NEW NATIONAL GOVERNMENT MUST ASSUME STATE DEBT TO ESTABLISH CREDIT By: Thaddeus Steward
The readers of this publication shall be behooved to consider the broad, NATIONAL INTEREST in contrast to the narrow STATE interests. State interests would have us as a pauper nation, with each state a single duchy, presided by an all-powerful Duke ignoring the duly-elected national President. A fever has gripped the minds of certain Representatives of the Several States, which would cast aside the singular national interest hard-won with the BLOOD OF PATRIOTS in our WAR OF INDEPENDENCE. While several Representative would see our new nation divided along sectional state lines, the Federalist Party would have use be one nation, for the good of all.
Certainly the PARTY OF THE MOB, the New Democracy Party, and their sisters-in-arms, the Democrat-Republicans, will place the narrow interests of the few in the states above that of the many throughout our new nation. The national Federalists are the only PARTY committed to NATIONAL UNITY.
The Democrat-Republicans object to the very concept of a national debt, suggesting that debts incurred during the WAR belong solely to those states thereof. The Federalist Party is true to consider that all states gave some measure of devotion, and no aspersions shall be cast in the matter, and that all debts must be repayed.
Perhaps, the Democrat-Republicans truly believe that certain states sacrificed such a substantial amount more of blood and credit, that the other states can not imagine to aid in the repayment thereof. I believe, however, that ALL DEBTS CAN AND MUST BE REPAYED. Any state debt incurred during the War of Independence by a state, must be assumed by the new national government, in order to establish the credit of our new nation.
Certain Democrat-Republicans believe that debt is strictly held by states. Yet the SEVERAL STATES did not rebel against the British Crown, the UNITED STATES REBELLED against the British Crown, and it is the United States that must repay the debts incurred thereof. Repaying the debts shall establish our new, fledgling nation as a responsible nation among the GRAND GAME of sovereign, international relations. Failing to repay our debts would show the new United States as a beggar nation, not fit to be negotiated with.
The NYDT is seeking editorials on the national bank for its next issue. Please feel free to post an editorial here; any editorial will be published, regardless of whether it is for or against the bank.
James Terrus, Esquire
Attorney for the United States
Deputy Speaker of the House of Representatives
United States Representative from New York's 2nd Congressional District
Editor, The New York Daily Times
Colonel Christopher Bretagne, United States Army
Commander, Artillery Department
Despite Dire Warnings, Bank Act Will Help America's Credit Stability
Many shippers and traders were pleased to hear of the passage of the Bank Act through the House of Representatives, as its passage through the Senate and signature by the President is all but assured. The recent passage of the Bank Act will allow these United States to begin the process of commercial expansion and be a boon to the traders up and down to coast of our nation. By having a reliable source of credit the merchant men and farmers of our nation will always be insured the ability to expand when they deem the time is right to do so.
There were many voices that desired the defeat of the Bank Act and they predicted great calamity for our nation's farmers and men of Commerce. They further predicted the destruction of state banks and excessive centralization of power in the capital. Many men have staked their reputation on the need for failure. As a result of the passage of this bill, and should their dire predictions not come to past, I daresay we should discard any other predictions that they may make in the future. Certainly their economic acumen will be suspect in the eyes of all Merchantmen.
However, should those dark predictions occur then it would behoove the elected leaders at that time to reconsider this matter again, perhaps in 10 to 15 years time, so that we may to consider the effects of the Bank Act in full. If the destruction of state banks and the excessive concentration of power and monetary destruction does occur then I would agree that anew bill addressing such flaws should be passed.
For now let us celebrate that the House of Representatives, lead by Federalist voices, carried the day and our nation will shortly join the vast majority of all other civilized countries in having a central Bank. Let the Merchantmen rejoice and the Mariners feel glad that reliable credit will be attainable regardless of where you reside in our nation.
Thaddeus Steward is an elected representative from Maryland.