The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-06-24
Another Springfield Republican Letter
lC"r Springfield (AIuss.) Republican,


Legislature of this State of foul corrlp-
tiOn, and asserted that the whole Grad
ical' body polite in Louisiana was ut
terly rotten that it had robbed the
State of everything in sight and left it
| without visible means of support. l
have declared that the respectable voters
| of Louisiana, men identified with its
honor and interest, were DISTINGUISHED
and delivered over to a mercilcSs gang
ofrapacious carpet-baggers and disrepu-
table Adventures, who have organized
a negro vote and who control the state
at will. l have asserted that the chief
cause of Southern discomfort and consc
quent disorder lay in the fact that the
Southern States, since the war, have
! been subjected to an organized system
ofspoliation, unparalleled in the history
of civilization.
Insupport fthese general statements,
| / refer the Northern public to the jour
nal Of the late Louisiana Legislature.
1t will not be denied, even by members
of that happily defilnct body, that they
were elected, in most cases, from par
ishes after Il residence of ten days, that
being the legal time necessary to hatch
the carpet-bagging maggot. Nor will
they claim that they intend to return
and make Il closer acquaintance with
their constituency, who never heard of
them until after the election. Nor can
they deny that they sold their votes for
money, Or for stock in swindling corpo-
rations, created by their act, the State
being, in most cases, guarantor of the
stock, or furnishing the capital in the
| shape of bonds, and these corporations
! being nothing but legalized schemes 10
appropriate the credit or capital of the
State to the use and emolument Of peo-
pie who have no crectit or capital of
| their own, and to the oppression and
injury of the taxpayers of Louisiana.
These corporations contemplate no COM
bination of capital, enterprise or skill
they impose no subscriptions upon the
fortunate corporators. Their charters
supply them out of the credit of the
State with their sole means of existence.
Upon foundation of State bonds, the
owners of the franchise, it may be to
construct leVees, to dredge the Missis-
Sippi, to Introduce emigrantS, or to mo-
nopolize cotton warehouses, may issue
a vast superstructure of stock, which is
sold as "paid up" when there has been
no payment or intention to pay. a
considerable part of the stock Of the
corporations created was issued in al
vance Of their creation and distributed
among members of the Legislature AS 4
reward for their votes.
Governor Warmoth, an arch carpet
bagger, type of the vampire that has
sucked our blood, alarmed at the open
robbery, which threatened to leave him
without y State to- ;,IVern, has made Il
show of virtue by vetoing some ef the
| most fragrant swindles, in which his
| friends, or owners, were not interested,
| but many of them have been imme-
! diate]y passed over his veto. The hon
est Governor has his little financial ar
| rangementS, of which the following
| may serve as Il specimen: n bill was
passed at the Governors instigation,
authorizing the tBoard Of fLiquidators,"
of which he is a member, to issue the 7
per cent. bonds of the State at 20, to the
amount of $500, 900 in exchange for an
equal amount of State warrants. of
course a dollar in money never remains
in the treasury as long as carpet
Dagger can hold his breath, and debts
for which appropriations have been
made are settled by "warrants," which
are sold in reaIls at 65 cents OH the dol
lar.
There was great fiuttcr among the
bankers and other dealers i'll warrants
over this bill. OF course no one but the
Governor, who had to sign it, could
know when the bill became Il law, but
Of bonds, several bankers deposited
| warrants to 4 large amount at the office
of liquidation but the Governor, who
played with loaded dice, went to the
fiscal agency one morning, told the OFF,
Ger in charge he would send him war
rants for the amount of the authorized
bonds, carried them off, went home
, and signed the bill, sent in the war
rants, and closed the transaction. The
warrants cost him about 65 he got
their par value in 7 per cent. bonds at
! 20, Il very neat transaction. y wealthy
banker, Mr.. Samuel Smith, offered the
board of tiquidatOrS so cts. for the bonds
in exchange for his warrants, but they
stood for the letter of the law.
There is a job atloat to build Il State
House and Executive Mansion. The
land has been purchased for 100000 for
that purpose, and, strange to say, it was
cut right out of the middle of Il large
tract purchased by the Governor last
year but as he owns all around it, 1t
will not damage his property very
much!
In order to vary the nuiI otony ofthis
dull repetition Of vulgar peculation, l
desire to introduce the people Of Massa-
. chusetts to another specimen of the
carpet-bagging reptile. His name
is Rev. Thomas w. Conway. This per-
son is superintendent of public cduca-
ton, an office created for him. His
power is immense. He "designatcS"
to the Governor a State Board of Dircc-
tors in the parishes of the State. These
! -.