New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-15
Debts and Liabilities OF the State.

State Auditor James Graham has pre-
pared an official statement of the debts and
liabilities of the State of Louisiana ON the
first of June, 1871.
The outstanding bonds of the State,
which have several times been mentioned
in detail in this paper, amount to Sl9,loS,-
300. The total bonded debt for which the
State is contingently liable amounts to So
573.6S3 49, Total bonded debt outstanding
and contingent, $25,76l 1888 80. The miscel-
laneous debts of the State amount to 50, 49,
AGO So, thus swelling the total debt for
which the State is absolutely and contin-
gently liable to S2s, 949,473 81. There re-
mains bonds of the State, not yet issued,
but authorized by acts of the General As
sembly granting State aid to various cor
porations, to the amount of $l2,245, 900,
making the total bonded and miscellaneous
debts Of the State and bonds or aid granted
by the General Assembly, ETC., Sal 1885,
473 81.
This is recapitnlation
Outstanding State bonds $l9 lss, 800 90
Bonds for which the State is contin- -
Miscellaneous debts. ................ 3,lb, 490 50
Bonds or aid granted by the General
Assembly prior to 1871 ..........-. R,245,ooo 10
In the list Of obligations yet to be issued,
as provided for by legislative enactments,
is the amount of $780, 900 in bonds to estab-
fish the Charity Hospital at Shreveport,
and obligation to subscribe for one thou
sand shares of the stock of the Mississippi
Valley Navigation Company of the South
and West. The State will not issue these
obligations while Governor Warmoth is at
the head of the State administration.
We reproduce the list of obligations not
vet issued:
Remaining bonds of the State TO be is
sued to the Mississippi and Mexican
Gulf Ship Canal Company, under act
No. ZIG of 1863, S414 90 of said bonds
having been issued to the said COM
pany and included in the contingent
Remaining bonds of the State to be is.
sued TO the North Louisiana and
Texas Railroad Company, the entire
length of said road being about 100
miles, at 5000 per mile, and ninety
one miles having been settled for,
which is Included i'll the contingent 1900
Bonds ofthe New Orleans, Mo
bile and Texas Railroad
which the State guaran-
tees under the first sec
ton OF act No 26 of 1869,
the entire length of said
road being 216 miles, at
$l2500 per mile. So $50
Less the first six sections of
ten miles each (sixty
mles), for which bonds
have been guaranteed
aud included in the con-
tingent debt of the State. 150oO0- 2,O19,0OO
Bonds of the State 10 be issued to the
New Orleans. Mobile and Texas Rail-
road Company, in accordance with
Of act No. 81 OF 1910. ....-...........- 5000 900
Bonds of the New Orleans, Baton Rouge
and Vicksburg Railroad Company,
guaranteed by the State to an
amount not exceeding S12,5O per
mile of said road and its branches,
act No l43 of 1869 ESTIMATED number
of miles, 500) 1.-THE right of the COM
pany to this amount is disputed by
the Attorney General, who has given
sfo H5 Geo 'H'' " :. O! ~ " O25OOo
Bonds of the State to be issued to estab-
lish the Charity Hospital at the city
1853 ...'................... 100000
Obligations to subscribe for 1000 shares
of the stock OF the Mississippi Valley
Navigation Company OF South and -
Vest, as per act No. "a of l8I0....... Ioe,ooV
Total. .........................Sl2 PAS 900