New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-11-04

opposition
The Pcayune and Herald are the princi
| pal organs at present. The PtcGyt,ae rep
resents the Old Slidell-B0urbon element
Within the last ten or twelve days 1t ha
shown signs of dissolution. Rhetr, who ha
been the EDITOR until recently, has left the
| paper The Picdyu1e claims to rapresen
the Oldest and best and to be the organ
OF large portion of the tax-payine
population. Yet any stranger in reading
| 1t, as 1t has been conducted tor the las'
| few months, would get a very incorrect
| idea OF the commercial community and TIE
| natural resources of the State. As gentle
man remarked TO me yesterday, stranger
| N New Orleans, reading the Picayude oI
Herald, would be at orce tempted TO In
| qulre for the first train with view TO i'm
nediately leaving the State. Their intense
hostility to the federal administration and
to Republican government leads them to
overlook the material interests of the State.
The Herald has been published but few
months, ard it is thought TO have pre-
carious existence. 1t is believed to be the
organ OF the ring of persons who are in
terested in the securities OF the State issued
under the Warmoth administration. We
have issued none ourselves.
Where is Warmoth, and what is his status
in Lonisianal
hidASud-u dHu LIS lilSHuS, nOSI VA
Warnoth' s friends who were Office holders
and went with him into the Liberal move
ment having come back 10 our party. War
moth is generally charged with having con-
nlved at their return, aud is consequently
i'll bad odOr with the opposition. who de-
sired his services. They naturally turn and
rend him for what they consider his deser-
ton. He has been absent from the State
some months; in fact, / saw him here yes.
terday. l don't know whether or not he
intends to 60 back to Louisiana with a view
to again participate in its political affairs.
What is the financial condition Of the
State!
New Orleans and Louisiana have been
seriously affected by the panic. This is
largely owing to the fac. Of great deal of
cotton collecting there, and no means of
sending it forward. Still / think the oppo-
sition will admit that the financial condition
of the State is better than it has been for
some years. l appointed committee of
the most prominert citizens. without re-
gard to party, some two or three months
since. TO examine. classify and report on
the exact condition OF the State debt The
debt of the State Is So. 800 900: the in
terest thereon, 81 100000. We have paid
since the first of January. 1873, s2'l 900 of
interest that Warmoth failed to pay. and
that was due from his administration: and
up 10 the first of this month We had paid
$500 ,0Oc N addition, making nearly 81, 100.
600, the amount of interest paid by us dur
ing the current year. The amount vet to be
paid before the first OF January is about
s!j0,000. We paid our October interest
promptly IN green backs when due in New
York, and we were the only Southern State
involved in the war that did so. The courts
IL is true, have enjoined about $1,000. 600 OF
the debt OF the State. Its validity is vet to
be determined: but, pending a decision. WE
have collected all the interest due on these
bonds. and It is now II The hands OF the
fiscal agents 20 the credit .. the bond
holders.
WHAT amount of taxes has been col.
!ected.
In 1872, under Warmoth's aiministra-
tion--that was the las. year Of his rule
the whole auiount OF taxes collected was
$3.50 900. We collected during the period
OF seven months preceding the first -f Sep.
tember. S2,100.0U0, an excess over the cor.
responding Eon1bs of 1872 OF $S!3.n00.
During the month OF July, 1872, the pre-.
vlOus administration collected only SJi2..
coo. while we collected tor .he same mont
in 1873 81, i59, 600.
What has been the effect in Louisiana of
the Democratic victory in Ohio'
The politicians are likely 20 oe encouraged
by it. They are just tools enough 10 he in.
tiuenced in that way. They vii. take such
an unexpected result as evidence that .he
old Bourbon Democratic party has received
new lease Of life. Their convention hal
been called before chat election. but its re.
suit will stimulate them 30 renew we'd efforts.
and very likely modify their action.
Everything Iow. you say. is quiet and or.
derly!
Yes: we have guie. in the city. and good
order HreValIS | have rpceiVet in.
formation ot the arrest o: d large number
Of persons prominent III the Collaa riot.
WHO have hitherto escaped Justice. The
people are anxious tor the building of rail.
roads. A large number of railroad men from
New York propose 10 NEE. the first OF nex,
month in New Orleans. with :iew 70
putting through some railroad pro-
iects. The prospect is iiattering that
the railroad to Texas and 20 sbreve-
port, will be completed az an early
day. We have strong hopes. also. that the
coming Congress viii d, something regard
ing the st. Philip canal project. Our people
are also looking with great interest 10 the
action OF the Transportation Committee.
now in session here. and TO the farmers
movement tor relic! from Transportation
difficulties. especially as relates 10 the iil
pr"velnent OF the Mississippi. We regret
that the taxes are so high. but the dc bt i-
not SO great. or the taxes so high as il cur
rently believed. II l. often said that our
debt is $4,000, 900 or SO 0o0. 900. when IL is
only little over S!2,00o.0G0 Our State
rate OF taxation is twenty-0ne aI} = half
mills IN the aggregate. We-that il. the
present adminlstration-are not res ponsihle
for this rate Of taxation, nor for the debt
and we are confident that ~ 20 distant day
we shal! be able to reduce Goth materially.