New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-06-03
PAYMENT OF INTEREST RESUMED.

"olders of State bonds. on which inter.
est has not been paid FOX about q year,
visited si.e Gseai :gency yesterday in suit.
Glen: force to make i: lively around the
louisiana National Bank. The coupons
on al. old bonds were cashed as fast as pre-
scented, bu, there are irjr.rctions against
the redemption Of Oilers O: later date.
an! the holders Q: such axe required to
wait. The bonds iss;ed 70 tie New Or.
.eaas. Mobile and Texas railroad, to the
North Louisiana road. AID some three or
four other descriptions G; Issue axe on the
! suspended lis.
: This nay &c: IL e proper subject for
Loasting. as it is generally understood
tha. simply honest actions are duties, and
wha: We owe. But there has been so
much said to the disc:edi. Of 200: Louisi.
ana. that we Zee! like holding this latest
| effort up 70 the world as something that
| entities her to credit. Certain It is that
The payment Of inte.es: Oh tie public debt
! is tie death blow 70 TIE enemies Of the
Republican State administration.
4 State tina. is unable. either from power.
! ty Or ;nsuborlinatioi. Of its citizens. to pay
! its debt wien due. CT the i1te.ect Thereon,
is properly rated as contemplate through.
! out tie world Ouy enemies are we!
! aware os this fact, and hence have made
tl.ei, g.ea: fgL: on :i.x resisting. II they
! co.:.a Gully starve out Governor Kellogg
! ard his officials, tie State would have
sa..en az easy prey into the hands Of
! tie Democracy, and We should have been
! rcs.cged with the most edifyiug Lcmilies
upon the patriotic dutyot rallying to save
the public credit. We should have been
| to!I til: TIE ''ionor Of our proud State
! is Involve. in tie sacred promise to pay
innocen: third parties" especially such as
| hold Nashville railroad bonds, the levee
bonds Of 1866. and some Of the Dsues Of a
still! later date and Of quite as doubtful
| character. Tue burdens Of tie people,
about mich &c much has been said, and
which are heavy. as We know, would have
! beea subordinate to tie g:ea: aim Q: the
Democracy to provide themselves with
easy situations at tie public expense.
Gu. financial difficulties occurred Under
! Q Republican administration, b,.. the
opposition aye cia:seatle witt. the greater
| pazt il 20. al! OF tie odiUn.. They pu:
their wises: heads tose:l.e: 20 devise
schemes 70 involve the State further IL
debt: they used arguments which they
know 20 well how to employ to persuade
: son.e G: tie le..s: as:u;e and leas. sc.upu-
ious Republican ael.Ie.. ot the Le;:s.a.
tu:e 70 vote tos so:ae vesy wicked projects.
! and then a:te:-p:e! 70 persuade tie pee
PIE 70 yepcd!a:e TIE whole STATE debt he.
| cause tkey knew tia: the po::o:.
they had sss:s:e! 30 esea:e was .se:te.
il fraud. Er: 70 Republican
| administration is l.e tie c1eii: Ct
defeating tL.s attempt. The honest cred
ito:s Q: tie STAKE vii! &c: their iues, and
! We have reason 70 believe TIA: the pre-.
| tended Obligations created without law 70
sii: Spectators WHO Eevez expected 20
| render any service 70: tie money they %.
tanned, vii! be separated from the debt
Justly and legally due aud cancelled b.
Law. TO this end, very good beginning
has already been made.