New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-29

FA61 o. d6lES15 woe cod
tracted bs6is The pisssnt Hepablican I'd
ministration .entered upon. the govern
ment Of The State. OF the .remaininI
nine millions and upward, seven. million
Of dollars we're expended upon the leveea
leaving as the proportional Indebtedness
to be credited to the Republicans frac
ton over two million of dollars. Thi
is the odicial showing. II the proportio,
Of the debt charged to the property bank
is no debt at all, SO much the better TO
the State, and g much the; better for tn
Democracy; but since the Auditor repqgt
it as q bona 6de debt against the State
we prefer To- accept his word before tina
Of the Times or Bee either, in their pres
ent condition rcs
As to the assumed Indebtedness O.
twenty-five million of dollars over and
above that reported by the Auditor, thai
may or may not be true, according to judi
cial Interpretation hereafter to be rem.
dered; but on suspicion we might refuse
to consider it anything but an audacious
invention, since the authors Of the state
ment are the same parties who first started
the SANDER that the Republicans were re-
sponsibls for the entire indebtedness OF
the State. False in me false in all, is the
legal maxim, we believe.
Considering, then, that we have &C.
counted for the Indebtedness officially
recognized by the State itself. and that we
have located the responsibility for two
thirds of it upon the Democracy, let US
proceed to dispose of the balance. say
about eight millions. Of this sum CON
tracted since Governor Warmoth was
elected, over seven millions may be set
down as directly chargeable to the Democ-
racy also, for who p~recipitated the State
into rebellion, whereby the levees fell into
such dilapidation that it required over
seven millions Of dollars to put them in
The Republican administration
had to reconstruct expensive works that
had gone to waste through the treason
Of the Democratic party. If this does not
account for the entire remainder Of the
State debt, and more that is 70 come, the
Times and Bee will please let Us know,
and We shall attempt to furnish other data
that will entirely relieve the Republican
party Of any blame in the matter.
The additional twenty-five millions that
cast upon the Republicans is yet
dispute; but if it shall develop into An
'ctual indebtedness the party will know
low to dispose Of the responsibility for
Is creation. And, in doing 80, it will
avoid or deny q single fact, for these
liabilities we're created knowingly and
willingly, and their development viii be
he glory Of the administration Of Gov
rnor Warmoth. When New Orleans is
onnected with Texas as it is now con-
'ected with Mobile; when q railroad
pans the distance from our city to St.
.ouis, via Shreveport Fort Smith and
ron Mountain; when the whole State, in
act, is opened up with railroads and
avigabie streams, then the people who
ow denounce the debt will be held in
he same sort Of contempt that their pre-
ecessors were who attempted to pull
own De Witt Clinton, in New York, and
1e builders of the Central railroad in
linois. Our debt has laid the founda-
on of millions of values, and if the fu-
Ire takes as good care Of the community
the present promoters Of its prosperity
ave, the liabilities which are o spoken
as ruinous will be accepted as the be-
inning of a new and prodigious wealth.
nd the State will not refuse to pay them
ther.