New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-06
SOUTHERN STATES.
GEORGIA.
THE CONSTITUTIONAL AMENDMENT.


The CONSTITUTIONAL AMENDMENT.
IT TELEGRAPH
MInLEDeEyILE Ga Nov. 5-Tho Constitutional
Amendment referred ioday In each House with IN
suctons 10 report practicable A. III. Stephens
opposes, and thinks the Legislature should act mmed-
atcy on the subject and settle the question lar Gcor
eia is concerned. Tho rejection Of the Amendment is
deemed certain.
MESSAGE or THE GOVERNOR.
Gov. Jonkinss message TO the legislature dated
Nov has reached u.s. and Is yefy long and elaborate
document. Itbegius with consideration o. Federal re-
aiions and compliments President johnson as faithful
representative Of the Rebel Satos-"ls native section
The Governor aunlyzes the Constitutional Amendment
which he declares equally novel and unjust unconstu
ionnl, null aud void, and adds:
1T said however, that u1lcss this CONCESSION De- made
excluded States will h. Kept out 81 the tns 81 con
prcss indefinitely Were tie Amendment presented Win such
distinctly expressed higher motive i possule than
any hitherto suggested woud prompt iis rejection
At the termination Of hoste ~ right and proper
that previously resisting States should i The mott
equyoca and manner abandon ssch rctsluchouid
tscnd ali thew Ind done in antagunm TO aud do Whatever
WAS necessary proper place themselves constitutional
relation wiih that Government All lis believe Georgia
b,. done Be,ond this In acting mon ay urot.e change In
10 u; 10 .,,a h, TX rt,'ci ms ,f,trc
that her Legislators viii the Intelligent Judgment
and the same uanching 1ues that hey would have
c-ed in the past would exercise Ia the future when in fu
connection and advantageous position Any other rule Of action
may involve sucEces o. niee,i and principle which mag
naamiiy would not exact and efrereci could not make
lie speaks Of the quiet aud ofdrr OF the STATE and says
The Administration think have become thoroughly convinced
thar the sword and the bayolc necessary 10 the
OF Law and order IN Georgia We probably have not
larger military force within borders than have often
been stationed here IN times OF perfect peace Our people with
exceptions such occur everywhere have been quiet or
derry and devoted To industrial puisu The officers Of the
army and agents Of the Freedmen Bureau stationed among
have with few exceptions manifested growing confidence
and disposition TO relax their authority and leave the admin
isiraiion Of the law 70 the civil courts"
The finances Of Georgia next examined The Gov
found the Treasury empty and it Is called upon 20
meet large arrearages for 1862 The principal reliance
the sale OF the State bonds secured by mortgage Of
the Western and Atlantic Railroad IN the delay which
attended this transaction Temporary loans sought,
and obtained chiefly tom Newlork:
Loans for four and three months negotiated az the
rate OF seven per cent per Gnnun Only In two or three ~
within the State Tor small amounts comparatively
when there remained other 10 meet the expenses Of
last session apdy drawing 10 close more than
per paid for these Temporary An % the short
loans hu far negotiated 10y self and oil negotiated by The
Provisional Governor that have mured have been paid In
full The immature loans contracted by him amount 10 the
aggregate 70 thousand three hundred and thirty three
rrney found the indications clear cheering that not
vill;.iandng tie great dlmihui;on Of the material
and her present prostitution good Old Stale enjoys
an honorable aud enyiabe credit entertain shadow 81
doubt mat permitted TO enter the money market upon hcr
mefisthe ban Of The IedcIa Government which be-
clouds her future, remOved-hcr securities would command
more ihan par ~ Ne present Circulating medium NOtwth'
standing the palpale depression resulting nom this cause
(purey POLITICAL look confidence 10 their appreciation
and therefore have avoided as iar as possible pcpiaey IA
the sale Of them II seemed 10 be foogoHe conclusion at The
money center that would I've well sold
hye ia We hundred anu so was announced TO me- lLe pom
aud decided rejection OF all oes below the hundred
speedily brought them 10 TINT point at which however 10
larger amount than pressing necessity required sold
In all S36JOOOO bonds, secured by Che mortgage, have
been prepared and portion sold 90 cents the dol
lar, none below that figure and few above H. The Gov
ernor does not state the amount sold.
When all Of the bonds authorized by the Legislature
have been disposed OF Except those intended for the
sumption Of Inc Federal tax amounting 10 $500 600 the
funded debt Of the State will be SjSl0OOO sinking
fund Is thus advocated:
But would press upon your adoption the scheme Of sink
ing fund one OF the sust props State credit and as an
act Of justice poseiy; and Tor these reasons as great
measure of State policy lis great advantage is that IL dsr
bues the burden Of payment equally series OF years
small os scarcely TO merit the Hppeation of burden
Whensoeyer large amount shall in any year. with
out such provision ether the payers Of that must e
oppressively biriened OF debt must lie incurred
Should this when money scarce II may be difficult II
impmcteabe 20 place loan thus ingng the Gen
ea Assembly lace 20 face with the alternative Of oppressive
This dilemma now proposed Is 20 easy that think viii
commend Itself 20 the favorable consideration Of the Gener
Assembly The debt OF the United States Government Is 50
large and her credit sustained by ample that her
outstanding securities will always afford facilities for
ycsmeRt Of the sinking fund and its accommodating interest
The Governor believes that the Western and Atlantic
Railroad, with proper management will yield revenue
which, increased by dividends from the Atlantic and Gulf
Railroad, viii render onerous taxation unnecessary. Tho
road has been much improved and revival of business
is expected About S25Oo0O more are needed 10 putt IN
full working order
nregaTd TO education the Governor advocates increased
endowment Of The University OF Georgia and connecting
with II the agricultural tCL0Cs sustained by the public
lands APPROPRIATED for that IuYoe by the United Siates
common school tyttcmls strongly ugCd though no
provison11 It's sgFftsted.
Tie fnhrc 81 nenoaliufal pursuis The Governor atIb