Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1868-11-07

1
" not disappointed in the result at the
polls"
In the Memphis district, Leitwich is
elected by a majority of about 400 over
Smith, who received the largest Radical
vote.
KENTUCKY AND TENNESSEE.
The results of Democratic and Radical
rule are forcibly illustrated by com,
parison of the condition Of Kentucky and |
Tennessee. In the former State cons
paratiye quiet prevails, as much so as at |
any period previous to the war; the
people are lightly taxed and they are |
prospecting. The Frankfort YeOmaR
gives US the following statement Of the
financial condition of that State:
eve are indebted to Col. d. Howard
Smith for a detailed statement showing
the debt of this State on the 10th OF Oc-
tober, 1868, from which we compile the
following summary:
Amount Of six per cent. debt due ,,o,, %
and outstanding. ot,oSt w
Amount Of five per cent. debt dus $500, NJ,
and Outstandin g...-....-,..... Io,OO5 w
Amount of six per cent. bonds IN -, 80
redeemed not due--....-......'.''''' l,'-o,o " "
Amount Of five per cent. bonds IN 100, ~,
redeemed not due....-..-.... loJ,uOs W
Bonds held by the BOa-d OF Educa- 1900. a..
l'oo-'-'' -
Total State deb, October 10. 1s6s.-. S3.6l9I9l 46
Between the 10th OF October, 1867,
and the 10Th Of October, 1868, the out
standing bonds Of the State have been
redeemed to the amount OF 1892 COS,
which expresses the reduction of the per-
manent debt Of the State for the year
Now, contrast the condition Of Ten
nessee with that Of Kentucky. The
Legislature Of this State has legislated
not for the whole people, but for a politi-
cal party. and this has resulted in much
strife and discomfort. Our people are
groaning under the most OnerouS taxes
ever imposed upon them. The Brown
low administration has, in tho three and
half years Of its existence, collected
more revenue off the people than they
were required to pay to the tax gathorers
in the ten years preceding the war. Yet,
Notwithstanding this heavy taxation, at
a time when the people are laborlng
under the impoyerishment brought upon
them by the war, not one dollar OF the
State debt has been paid, AMI only the
interest for two years. On the contrary,
the liabilities Of the State have been in
creased nearly S2OOOO,00O under the
Brownlow administration. Before the
war the expenses or the State fell below
100000 4 year. The Comptroller
estimates that S3,3OO,OOO will be re-
ouired to meet the demands upon the
treasury during the present fiscal year.
The following is a statement O.! the
bonded debt of Tennessee
State debt proper 10 -...,..,, o..
Jan. !. 1865 .......... S.'o't''Jp 10
Interest on same,
t 55l: 10 Jan. j. s4g5j3 90
H.. ............ s,I7l.l59 e.
state bonds loaned 20
ISL .il' .,.. 49,. 81. ZOO
Hail II.s' i IS f1Ddei aI73g 2-lG52l A. =
State bonds loaned to
ISL is ' .............., $4,000 %
Interest on same 70 ,.., ,..,
Jan. ], 1867 funded -l,26O 90 ll',-"' 10
Railroad bonds
to Jan. i, ISL ........,S $, %. 900 60
' JAN. j. 1856. funded 55o6so 90 275-,650 %
State bonds l0anedtO
railroads slnceJan. ,-,,.... -,
.....
Debt assumed for Memphis, Clarks-
Vile and Louisville and Edge- $1,000. .,
field and Kentucky rallrOadS.-.---. 5Il'3J1 =
Total Liabilities Of the State.....S363 S7 .l57 IS
When to this is added the liabilities o f
the Stateto the school fund, about 81 ,637, :
600, which has been appropriated to 9TH
er than the purposes for which It was
levied and collected, we find the present
liabilities of the State foot up little over
S3S,OOl,OO0, against less than $1,000
OOOprevIous to January l, 1861. Could
anything more strikingly contrast Demo
cratic and Radical rule than this state
ment of the financial condition and La
bilitics of the two States
GRANT AND COLFAN-A CONTRAST.
General Grant has been elected Presi-
dent, but the party that elected him
seems to have forgotten that he gave
them success. While Collax was prompt
" congratulated the night after the cleo