New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-03-19

VlOe0 the l0Idm0us tHIOICcNCus oCG
passed by the Kellogg Legislature.
Add 10 this the city taxes uncollected
and we have the enormous sum Of say
twenty millions or over twenty per cent of
the assessed value of the property OF this
city, which is to be collected according 20
Kellogg's proclamation by cjrit or criminal
process out Of the people. 1t would be well
for those timid or over prudent people who
now propose to pay their taxes for last wear
to bear in mind the effect Of their submi.-
sion TO such demands, which is simply al
acqulescence IN the spOhatiOn and cOnfsca-
ton OF the property OF this people for the
emoIument OF lObbers. adventures, rings
and the agents OF foreign holders of bonds,
prominent among whom is the present
fraudulent end usurp.ng sC-calleG Governor
OF Louisiana.
Can a journal, assuming 20 speak in the
name Of large business interest who
purchased and publish it. defend its
own course For months It has devoted
Itself to partisan conflict. Il has
rendered the Louisiana embroglio as
national issLe. ard recommended a
national cont.c: over tie ruined inter
ests Of our unhappy state. 1t has taught
dlsobedlence 20 Law as duty. L has
exhorted the people to agitation and
action. There has followed an extended
anarchy. an organized resistance to exist
ing authority, with b!oodshed and death.
It has advised the people not to pay
taxes, and even il the issue quoted from,
exaggerates the amount Of taxes which
the people may lie compelled to pay, and
indirectly exhorts them 10 refuse pay
ment. Within .Le period Of this
exposure Of inability and this counsel Of
practical reputation, the losses Of our
banks. or merchants and our planters
lave been enormous. The diversion OF
our trade has been universal. The with
drawal of capital from New Orleans, its
deposit with Lizard, in England, or its
investment in The German indemnity
loan Of France. is The direct consequence
Of foreign fear. Capitalists become
alarmed, Withdraw their cash and their
confidence from our merchants and bank
ers." Have we forgotten the lessons Of
the late war and Is rrecedents The
political agitatiors ot both sections i'm
paired the confidence Of foreign capital
lists. Why was :Le argument openly
made in Europe :l.t Investments in
Southern securities were rot safe since
the humiliation Of slave values was pos
sibie: Only 20 alarm capital and
make i. prefer investmen: i'll :he
securities Of free States. In the
same way st. Louis. New York, and those
who have Northwestern land or railway
securities 20 sell, seize on any paragraph
which teaches regulation or exhorts 70
bloodshed IN New Orleans. They say to
the merchant, .Do not go there to buy
your goods. 1t Will be done at the risk Of
your life" They say to the capitalist,
Withdraw your money from New Or
leans: it is a city Of street fights. of riots.
population Of debt. public and private,
and Of contiagrj.tion. Send your money
to our citizens; we are . peaceful and
prosperous people Now, to represent
an obscure paragraphs: with having
caused the "annihilaiion" Of q banking
company. and TO recommend tax repudia-
ton and anarchy in the same edition Of
the same journal is. We repeat, an mad
vertence. Il is more. 7: is an injustice
TO the merchants. bankers ana planters Of
Louisiana. 1t j, such teachings that have
: =
Withdraw they cash ard their confidence
from our merchants and bankers But
what 1o-s Professional ag::ator care :oc
The business Q: TIE merchan. or Ii. wages
O: the mechanic. He regards them a.
did the court!ers and nobility of the
earlier ages. as sorIid mise:s and igno-af.:
serts. 1t only 20 :Nrnish money and
b..r arms at the call 0. their supe,:o:s.