The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-08
FRANKFORT, Ky, February l, 1913.
TKANKFU Kr, ny FEBRUARY I, IoFS.
Military Matters--F Financial Facts Political
Progress.


Military Matters-F Financial Facts-.Political
Progress.
On the 9th inst, the flag of the Second Regi-
ment Kentucky Volunteer Infantry was present.
ed, by Gen. Leslie Coombs, on beh ,lf of the sur
viving officers and soldiers Of that regiment, to
the House of Representatives of this State 1t
having been previously announced that the pre-
sentatlon would take place at IL o'clock, the lob
by and gallery were filled to OVERLOOKING; every
member had his seat contested by Il lady, and
the bar of the House was filled with invited
tenant Governor, the Senate, Judges of the Court
OF Appeals, and the several heads o. the depart.
ments. At the appointed time. the flag, tattered
and torn, sprlnkled with blood, and perforated
with an hundred bullets, made its appearance,
borne by the gallant Sergeant Gaines, who bore
IT so bravery IN the bloody conflict of Buena
Vista, and who, by his own personal proves.
twice rescued It from the enemy, dealing death
bravery, the flag with the other. Appropriate
resolutions were passed, awarding a medal to
Sergeant Gaines, sc.
This, TINS presentation drew FORTH, from many
OF the lntantry, which excited the feelings of
the cavalry members of the House, who. on the
following day, offered resolutions rejecting upon
Governor Owsley for his neglect to make, in his
annual message, an honorable mention of them
and their truly brave and chivalrous action at
Buena Vista. The debate upon the resolutions
waXed exceedingly warm, and the Governor was
denounced, In most bitter TERMS for his ''studied
Omlssion; but the Assistant Secretary of State
being In the House at the time, and being apx-
ious 10 compromise the matter. stepped out and
drafted a compromising resolution, which he in
duced the original mover to offer as substitute,
upon the r. representation that such was the wish
OF the Governor. The substitute was adopted
and tue wound was supposed to be healed but
yesterday the House was informed that the
young assistant had acted as Governor unautho-
81 nnt rf,,na f..l a.,
and the Governors were very different upon
hearing which, the House rescinded the subst-
tnte, and referred the original resolutions and
thus the matter rests.
The financial condition of Kentucky, at first
view, would be thought truly hattering; bul
when we look further and search for her re.
sources TO pay even her small debt we then be-
gin to see that the small amount of Indebtedness
Is not the true basis upon which TO Judge of tn.
prosperity of State.
The amount Of indebtedness. JAM lsa7 was 81 500 oss
Jan. /, ls4s, was 4 500 1855
Increase Of Indebtedness in the last year, stOI5e
And this, too, when the internal improvements
nave paid a greater per centum upon their cost
than In any previous year. All the internal
improvements taken together, including slack
water navigation, turnpike and railroads, do not
pay out trlhe over one per cent. per annum on
their original cost and there. is scarcely sim
gle PROJECT OF any magnitude. in the whole State,
That has been prosecuted TO completion bur
they remain IN half finished state-lke the
Erie Can al OF New York; lasting monument OF
either folly in original design, or of imbecilty
IN prosecution. The Kentucky river naviga-
ton, although not completed, pays much better
interest than any other Improvement in the
State, and in fact is the only one that is source
OF much revenue to the Stale.
The net proceeds Of the last year. .... 20 O7o
bling three and one-fourth per cen, upon its cost
The only railroad in the State, IS the one run
Mug from this place to Lexington, and it is in a
miserable conditions; the omnibuses make better
time, and are much safer means OF convey
ahce. Many OF the turnpike roads do not pay
the cost OF their repairs aud the board OF inter
nal improvement recommend the abandonment
OF a portion Of them.
Inc wings OF this county held their meeting on
the 18TH ult., for the apo ntment of delegates to
the gnbernatorlal convention. The meeting de-
clared their first preference for Governor, to be
Col. G. Todd, late Russian M mister; the Sc
cond, A. Dixon Resolutions We're introduced
IN favor OF General Taylor for the presidency:
and motion was made to amend, by striking
out Taylor and inserting Cay; upon which an
animated and warm debate was held, but the
meeting adjourned without taking a vete 1t
was plainly 10 be seen, that Taylor was the
preference OF great majority OF the meeting.
The weather still continues most eiighiful;
being q ute equal to New York early May
wedtner' CICERO.