The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-14

sum Of 81 Oo that said art contained no provision
submitted TO be ra,iheo bv vote Of tho people
quired by the constitution OF the State The
agreed shas the spsse point presented
your coasds ration wbesner pe act Of tho 9th Of April
1886 In contrsvestop ~ The 9Th article OF she
tuition net The AnsusTr of the article follows.
Here tne sth arii e y reoiied II we were ut liberty
to DECIDE ,hs gyouncs of puop policy we c,ad
not hesitate momea' bankruptcy and rum,
credit and prosperity IL Is time that the axe should
be lsd the root of ts potica ev that this ~ stem
OF tx,TavaRrLce which has been the OF the State
for the lRst years exhnysiDg ,be substance OF the
people, destroying our cr-hi abroad, and corruptng
emo demorsizrg our citzese n homs shoult be stop
pod honesty ami economy should pro.
side the IeRlatop OF ire Stat and thS admins
traion Of her Snancsi aiars With 20 oulaton OK
our bu, req tbousauc eope We nave incurred
ctbt app from toe reTort u, tho State Conptro
er Tor the year 1855, Of % otot sS suoh iiinvs
ere u be ccrtnrto what will IN tho condition OF the
country ten year, honceS rns ennre taxab properly
real and ps-ons Of the State for the year s5b was as
year wsr 81 1888 II, while the amounted to
SlSS7 4te tf-msknR IN excess OF Slsl sbs a. being
Nhtn IL v Dor me 10 mind hat the OF Ba1a 835 Sc
resolved from the sale Of lands In the oity OF San
FrBncfco the TACT VIA oe shown that outside or this
sou'ce o. revenue which is row exhausted, tho ex-
peLte Of the STALE during 1866 and above
its 'eein ave reveIue. amounted to the sum of 1894,
Iss ~. The LesHIsture can, At is next session,
Adcpt the pesep ndeb. sne's Of the State and may 20
turIber and by making appropriations tor the future
nsctWay exps o. the 2cvernment and above
the submit the m conformity with the 9th
article Of the constitution, 20 the people for ratdcson
In Arno,pcmg his opinion aware that will
opposi,ion those whose self interests are
preudCed ou, II |, shs have The effect OF hopping off
urse, pily exnre,ence. wbish cluster 90 thick around
the sdnristfstob ct The government, of correcting
any Of the evils witch have shadowed forth, will
rect tsd, wei satisfied thai time aud sober juhg
nep VIII sooner or sier jssy both the necessity and
correctness of h assertion rbe act OF April sth 1885,
rs unconstitutional ana void JoismeOs ns sa,, med
We concur -H,YpESPHIDr,
ryksY, j,
PUBLIC MEETING IN SAN FRANCISCO.
Pursusht 10 pubho notice. eeing OF mercnauts and
otfer busret men held AZ tho Merchauts Exchange
San Farcuco for the purpose OF giving expression to tbs
puhlc stptr,eft touching he e3eSt supposed ehe3t,
upon the state creo OF the ste ceCision O. the Supreme
Court announcing the rnoors tntoDay Of tho Ia 10 un
Der which the indenedue.e OF the State created
The meeting VAS organized by calne Gen. James A.
soDouesi to the chair aad Eugene Deepe't and -,
On notion, committee appointed 70 draft resolu
nonr Al report to adjourned meeting 1t O'Clock
r. III TIE Tomn'ee Was courosed Of s,.
Cspt N y, Roberts, NJ ID Boruck,
Gen A. NcDouzal
ATS O'Clock the meeting re-.ss, mbled, pursuant to
scjournnsn,, Gen. W houss IN tire char, and DR..
Gtobcrt, recretary J Dupcsp, fYom the Committee
reported The foIloNns preamble and resolutions which
were adopted with but two Dissenting voices
wbsrs the lsN cec,sion of the sup Court Of the
state Of Cacrns declares certain portion OF state
medicines 10 have been created IN violation Of tho con
siimioD Of TIE -a,e;
And ress ihe nd.btednes. has been Gre ated by
tbe action of Stste government and the benefits
.teIoirm oe,rtd by the people Of tho state-there
Rsolved Tst regard tho faith of the state iuvov
ed 10 the us' and true payment Of her entire Indebted
ness consrtu'ioua or unoon,t utiona
Resoiveo, Thai We beieve this to be the unanimous
oiuion Of he people a. California expressed by the
rr,s, and iho people In every section OF the STATE.
Resolved Thar we pledge ourselves TO lake suoh
etoD On his sutjeot be qubne for the pose
of rshyrg The enanc outstanding Indebtedness OF the
Eeso,veo Thn, " hile swing sarnc't and emphatic
csrsr.on To he opinion. and resolutions preceding,
We dt nct vht 70 be understood as In any way coun
uppcps the avhb and unconstitutional OF spenditures OF
ite part
TIE chei a thN ties, o decsous concerns the con-
siit, nsy srd vsny Of the ate oeot whion st this
tine or oufu N tpwsTft 81 three mihons of dollars
lhe qudtCn srtse VI case where AN injunction was
sought 10 be ru sgsin, the Wegon Road Commissioners
ts't6 ,rc w,,or ko.d sc, p-,,ed by ,be last Lersa
mre, bercti sn sppropia Ten OF 500 eco was made
oT ihc cou,truc"p o. WAGON road from the sierra Nc
ssls a. he Sscr,p eu'o valley The supreme Court laid
down the pro1ipe that b. The constitution Of California
dsb' could be contracted ny ioe State exceeding the
suorr OF stt Geo anc above her annual revenue,
uI''fs pf,yicusy tho ana purpose TO which was
C be slped sutmitei to the crect vote OF the
tc"iio III. provbor found In the oish'h article OF
tie csiftiutcn As OF the existing funded float
sio deb tss been submitted 70 the popular acli,u
" tsFp,s ,f tbis sr,ice tb. whole amount, except |
$4,000 d yrtrsy decia,,d urconstitutonaI and In.
Vsiio Tbt, the question OF "repuds'ion" has been /
tuirsd aud keen tscnss'on upon II IL every where
utrE sce The prsss sluo,t unanimously scouts tho |
dcn - -'ste repudls'iop.
~ o,her c,cs on, Of TIE Supreme Court has been
tec thai The c of IAN sncico not by the terms OF
hsr ctaur Of Incorporation sgsly responsible for
'ain warrants nsusd by The municipal officers, during
tRlf az dolsr. These warrants had been rejected by
RcarG of Examiners chiefly tie ground that all ne
loyal form all les hai not been compiled with In
heir rnl ueuarso; and the Supreme Court following
M the track the tu oi one OF tho holders OF tho
ssrren nnds that this portion Of the city debt u un.
constitutional and invalid by another decsion Of the
Court has found that the city Of Fan Fran
not liable 10 the price reccved by her OF
csftsip Rip property sold In 1853 and which
aner yards fond 10 have been Illegally made This in
wolves NJ stocoe By another decision Of the
Court found the city not liable for sum Of
sac Geo being ,he price interest agreed TO be
aid by tsr sgen,s former years for certain property
". Plaza All thesc decisions, which Affect 30 large
suns. involve or ess the question OF "rcpudation"