, 1869-11-13

uent increased cost Of production, tho
in,inution Of exports, and the
diminished productive capacity OF
he country, owing TO tho loss
4 fdlly one million Of men by the war, BE-
nh about one-seyenth Of our entire work
ng force, and the withdrawal from the
8eld, by emancipation, Of the women anu
uinosa. who formed one-third Of the lAbot-
ing force OF tho South-al tbaso ea"ses
must be compared together to arrive ~ H4
t.oe eauses ot ths existing aep'e1s'
;nonTaloi1a EHE STATE. =.
The lat Legislature Of ibis State passed
. Law which authorized all cities, towns aaa
~r.nusa in The State to 1ole ans subscription
,,,g mipht feel disposed to 1nafe. IN ala !"
railroads, and to issue their bonds therefor.
The aau,e act PROVIDED that the assessmeo'
and he rate Of ta1atiou for 1865. tor stste
PURPOSES. we're to DO uasde maximum N
t1,ci counties; that all taxce thercafter col
.,.cted in those counties for St.te revenue
nurpyses in excess Of that 1t 1eCs was to
ho retained by the State Treasurer, aud, in-
% ~ ,ss ~ o.on,arsd % IN n,yinc tho interest and
,,i,,;,,1 ~ ua,d ,ailroad bonds. This law
was a, tagrant specimen Of the dsu'aRogtsm
Which sometimes finds its way into legisls-
non ino''Su .''' $3.50 s...,n,;no
Lave hnee soseu saoa aoa ons 80 - III
lsoesao'S ~ ss~,ovV'ooo' "ot t~ -.
roa1d nas ooeu "a'n' sA'1, " ~ H.,
mona haa peen 'ss,'t. ~,
t1ef on tue par " '4' wv g -. :. -,
o1u 1hes ta''sa ~ U4' Ths,,,t, no
catts ou' 'ns "'s ,,,n M rna,,. T., ho I,,;lt
l"saea' 1e4aue. ~ 80. s.s -, 49,,
't!ote .ne oonaa eAoa,A -.,,:.'. ' 49, -. ~,
tInctot naA osen tuuna ~ " ;.,..n
rahk o1 8ueh oonos Nv . a.'... =,
lion was ~ t1a1isae' 'n.' ' ~, 80" =,
| railroad bohos AZ VIZ. aPon e"e "'~' =
ygs an attempt TO pledge the State teThnuas
to pay tho principal md interest Of thost
bopds In anticipation of 6uch RESULT
large number Of meinbers OF sho a'e3's'a
turr who supported tho b'!1 "ese e'ee'e'
rreaidents, Managers bafofntenaen's, a.'
resident Directofs' at largo ha'Af'o7' Of III
~atiousrrolrose.l railroads. dosofnot t"''ne
wv -. A. ,.t....1n, aa,t;o. wo,. Il,
'sss ~" 49,, .,a I'm ,;oc,,no n law. II.
',. - ia.,, ,,,,, ,r,,, auccc,xf, ii onoratio
tho btato wotlld now bo III tnoat posp'e'
| Ing Hnanctnl Hitnntioh. 3ao sssoase
vAlno of l'fopnEtv In tho Htate 'of 'e1'
nl,vli ts.a, ,tkk', ,tHW IN excess Of that oi !h'''
,,t ,b., nj, of taret,on fur rsysnua mi
| ,.,.,,. i. y ,,3l,s inaL,na of tho IA niiis
,a,;. 11nd., mi. ,nw. bu1 tlcsc .ailrus
, 1vu,,s ,acp {ssued. thn iuorea.sd ta1 up
,..,,,,ux,, - ,c,r.i,n,f If tho Ksto vtou
n".a @ i,r., ,,,x.,+,,, frur, tho rovcuuc nu
, ,.u,u r,r uhic,, II was lovlcJ. and wD,.
,.,. ,..,tt.,,, n, I'm ,ntcrox, md url
D cijnl of thnsc l'ont1n. Tho practical fosl
wo'a hsse nes,' ~. ~ ''''o" ,,s, ooe q
Wn,Io Wn ss'uaisoa IN ises.........,...... 4slooa.'
,,r,,..r n, ,,,uu,,on. 9a,Nt,,
RI. t.r I'M ti,o Who'll, a.ycsnt,.ons uf t1s
=, n nil, m Tho dollar, il sa,o1.,n
m Int III III" ee"'nt''a ""'"S .". .'.,' -. a.
?" s.i. I'm txx, ,bn ,nr co1|cc,
wy; n.y. T., a.c ,yu' ~ ,1,IcL thcr, wo
"'"" ~ =" '...,,,". .,,,o.,. ,,,v
IL amount collected in lSfU, Ray SaGG,7 !
ty any va" ~ ,,,a ho,,;o,. ~ thc ro;]r,
Ia 'a'" W." ..,,s'' w. ,.',,,, h.,vo ,,o0c;, IN
as ." c,.,.. ....n,,, ~ ~ ~, ",O. Ia be ,ai
hy additional ''1at,.n upon !, sa,i w.. n'n
ao ,;,-,,o,, ,,:,,,, and N. r.se