New-York tribune., 1872-02-20

OF the Legislature the mileage IN tsso hs,n ~
was ncrassed "ss am IN tns per diem Vs. In ls bs nvv
diem to so which IL continued b. th ae fy % ana the ps
| cratic" was ohtreiy Detao
Ihoreconstructcd State Government vas ,n.,
In 1863 The Rebel debt had been repudiated sa.
recognized debt and liabilities were sSaaa "a we
crease since lsGl, sl53,239 95 since 1870 s s !" IT.
the ISL cay OF January, 1872 the Controller sa,s. On
Total principal and lnt'st Of bonded debt. sas~,.
~ Bohdq oI los ana dlSC9.................... lSC9 lISs
fIOdtlnB ls.S
Total al...-......................
There arc .,2I 900 bond. Included IN aboys
cOllatcraf0f floating debt Of siIsg22 49, III
were added and The bonds deducted TIM debt ssei ses
stand r. &2JOoi %; bat including the hyp0thecaeI i1a
sl,O522lJ 49, "'' -
The reconstructed government was established 4. 49,
Tho Rebel debt had been repuGatei The Old de1ss'
a79O3o8 %. Increase since 1865. ,Gs32i2 II; sDos ~.
$9647Ii O5. The state had promised by act Of the
visiOnal legislature OF 1851 aid 20 railroads be bs .
the rate OF $4,000 per mile Tho prospective abi1ns y
the State under this sst at the ratio ~ si2 10 Dc, w
roads which hayo since been built and which ma, =
built, so a. 70 obtain aid, were about siIo5oe nj
liabilities since 1850, SleG69.fH O5.
At the ciOse Of the FISCAL year 1871, the ksbt x
s9isi0l0 49, II ~ estimated now. BY increase ron ~
Alahama and Chattanooga Railroad and otter debs 1
s93O5o67 81. Increase since 1870 sli015S3 4 Esrp,1
n.
contingent liabilities for raro-d' l1cfeasAs =
amendments 10 tho general act Of 1867 make ~
aid $4,000 instead OF $4,000 per mile and by special asts
granting aid to several roads amounting to S0NGa
The Increase of Liabilities caused by Increasing The ~
under the general act from 1900 per nils % ilS ~.
mile, being 1900 per mile on all roads which have been
or may be built under the general act has added 10 T
istng contingent liabilities s23550O and 10 prosyeeys
liabilities. s3,5jyOo0 Total Increase Oi Liabilities nnt
the general act by increase e. cf M rae 6 pr NILE ss5
legislation OF 1863 and 1879, sll,905,COO.
Mississippi.
The reconstructed State Government was inanuts,s
In 1870 s11Gl7 Il Of the Rebel cotton warrants isrss
in aid OF Rebellion redeemed prior 70 1870 and IA,
remainder s2S5O7O 81, were unpaid and have been NJ
pudiated The recognized debt was Si,lI7,S9 M Rr
penses for 1863, s5sIi5 ~ for 1862 s9S sS Or I'm
s9i2,662 AZ. -
The reconstructed government was inauguraed 1,
1862 the debt was ss2o63O 81. In 1871 Nov H. the deb.
was S53sl 2o5 e. The State had incurred contingent,
liabilities for railroads and levees bonds issued
2Soi o. and ProsgeeTyso s1T %, h1Caes o,l Gr bonds
tingent and prospective, sh5J00oO ~
LoUIIASA.
The reconstructed government was inaugura.ed IA
tsGs the Rebel debt had been repudated and the recog
nzed dobt and liabilities, so far as then ascertaned.
were sl43t7O1 o. But the Governor, In his message Of
January l. 1872 speaking OF the increase Of debt
"Ths Increase consists in s30O0,0O employed for tas
repair sOOOO0o 20 take up the hoatng deo.
which been incurred prior to the tbs
present governments $25o)OOO subscribed Tor stock of
Tho NewOrleaps Mobile nnd Texas Railroad Company
s75o Ooo subsidy granted 10 the same company TIE pre-
ent administration is not properly chargeable With t
100000 for floating debt, because u was mostly M
entirely created before its incoming"
According to this statement the bonded and floating
debt and liabilities In 1863, at the Inauguration o TIE 10
constructed government were slSi'Voi 80 W. lnelsass
Part OF the increase from 1855 70 lsG5, was 10000
bonds, issued to repair the evees under the aet ol
The total amount the bonded debt OF the state was 10
ported June l. 1871 TO be s256lss5 49, both outstanding
aud contingent
The reconstructed state Government was nsugurs,d
jn 1870 The Rebel debt had been repudated, and the
recognized debt 1852 $50 II. In 1871. Oct the debt
was IT, including bonds Issued for the defease
OF the frontier asalnst Indians
GENERAL SUMMARY.
The report OF The subcommittee concludes with sts
ment of the general financial condition Of the eleven
States a. follows: Debts and liabilities in 1880 s56s
IN 1866 s229s4s132 increase since $780, tl2SJ When
the lato insurrectiOnary States entered the Rebellion
they held in trust funds, assets and balances soEH
These funds and assets we're on deposit, or IA
stocks OF banks, railroads, and other internal
improvements; their contingent hablhnes ssr We're
secured by mortgages on lands ID st0cSs OanAs anu & ~
forests IN ien or on tnr9pkes a., o @ COIN over s
OOO0OO circulation over sJloUOOO; there "StS e''tf
Of railway, which cost s25Isoe9n hne ostmsteS
assessed value OF slaves 81 63t value OF prop
esate OF Secretary Beknap the Confederate debt o1
lst Of April 1855, about S25,29S9i tho tOta
a'ceIained loss by the ebelion ~ properly asse.s s
debts due the merchants Of the North from those or !os
sonth. for goods purchased and Consumed 1ad
money loaned, estimated, when the war began, q,
sOO6OOOO Add interest 10 1876, and tho sum would be
s4O3OOOOO total state debt AMI disabilities existing and
prospective, and Confederate debt and cOmercal deot
S2gI6I459j5 90. Here was burden which must have
crushed the people OF the South and reduced them % gen.
era bankruptcy IL s2s456si II greater man the ma
Ona debt at ts maximum Sl47309i9 20 more than tne
value OF all property the states in lOO ess
slaves and 81 37s3326 30 more than the assessed Nau!
OF oil property in the eleven States IN 1865 They had
neither money credit sufficient OF subsst'
ence; INC hoVetnlaet naa ieit tne people % LIAM ao
into anarchy and ruin. But, before tho war
ended, the GOvornmpt had begun 10 feed
cothe shelter, and care for the destitute OF both
colors aud millions were distributed in supplies. In
1865 bureau organized for this purpose, and ex
pended in the relief education and aid to the people OF
both cOlors and all conditions, sl3 230 277 40. Million,
more donated by charitable associations and citi
zcnr Of the North.