The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1874-09-24

Leaving to be provided for........S2O ,oSo,s51 25
Acts and results speak louder than plat
folms.
Besides this, we have redeemed Of the old
issues Of the Bank of Tennessee s., 49,
375 10, and, adding TO this the other float
ing debt left as part of the Radical ega-
cy, we have paid s., 4SS, 724.3G. Ne have
also resumed the payment of interest on
our bonded debt, on rate If taxes Of four
mills to the dollar or less than One-half Ct
the rate during Radical rule.
The Democratic Convention which as
sembled in May afterwards, with the full
knowledge of my views upon these i'm
portant and vital questions, made the fol-
lowing declaration:
"The Democracy of Tennessee assembled
in General Convention in pursuance of tie
call of the Democratic Executive Commit
tee for the State, for the purpose of NOM
mating candidate for Governor for the
term next ensuing, and Of taking such other
action as the interests Of the party and the
public welfare may seem to require, do
declaJe:
l. Inasmuch as the administration of
Gov. John G. Brown, by its prudence,
moderation and wisdom, by the fidelity
displayed in the discharge of every trust
imposed by the Constitution, OF by
legislative enactment, upon the Exec
utive, and by The vCilanU care with
which the rights and interests of the people
have been guarded and protected, has fully
vindicated the wisdom of the people of the
State in calling him to the GubernatOrial
chair; and, believing that such honesty, IL
deity and capacity in public trust, de-
serve, in these times TO be specially recog-
niZed, and that the welfare Of the State de-
mands the retention of Gov. Brown in the
Executive office for another term; we do,
therefore, unanimously present the name of
Gov. John g. Brown to the people Of Ten
nessee as our candidate for reelection to
the office OF Governor; and in so doing,
pledge to him our united and most cheer
full support"
quote some facts and figures from a
letter l had Occas on to write recently!
81 renewed Ethe recommendations, pre-
viously made, on this question, and the
General Assembly passed what is known
rs ethe funding BILL by which it was pro-
vided that the bonds and coupons, due, on
or before the first day OfJInuary, 1874, and
none other than those due on or before the
LIST day of January, 1874 should be redeemed
by the issuance to the holders of new six
| per cent. ten-forty bonds. And that the
bonds not due should be presented to and
| examined by the Comptroller and Secretary
of State, and if valid and legal should be
| registered and stamped. IL further pro-
vides that the payment of interest be re-
/ sumed on the first day Of July, 1874, but
| that no interest shall be paid except the
/ coupons of the new bonds and of the re-
/ gistered bonds, falling due on and after
/ the first day of July, 1874. These are the
/ leading provisions of that act. Under its
] provisions, the officers charged with the
| duty of its execution have registered S15,-
! O72,OlO unmatured bonds, and issued, of
new bonds, 50, -, 900, to take up past-due
/ coupons, making altogether $20,633, 900
! of which there have been since
| paid in and Cancelled S2S5,000, leav-
| ing outstanding, first of July, 1874, of
! the registered and funded bonds, $40, 249,-
/ coo, which fully appears from the fol-
/ lowing statement taken from the books:
CHARACTER AND AMOUNT OF sECURI-
TIES FUNDED.
! ssPast due bonds issued prior to the
/ war for turnpike, bond and capi-
/ tol purposes, which have been re-
| newed under the act OF 1SI3.......S TS9 500 90
| Mutiated bonds issued prior 10 the
war but not vt due, renewed UNI
j ne e ssa P6 asfs s5a;J sPS58
make '' even bonds So. 1.4Io Ct
/ Total amount now series funding
bonds 80 s5uzsOO ~
/ OF which there have been nee
/ eahceAtu--.. .-.-.s..-..''-.s sss..- sVOioVO "
Total outstanding July 1, 1874 .. IS s5s, 900 OC
/ CHARACTER AND AMOUNT OF SECURITIES
REGISTERED UNDER ACT OF 1o73.
/ Turnpike bonds issued before the
RHiITcad bonds issa before the war s774,0OC
/ Capitol bonds Issued before the war. 81 ,00C
RaiTosd bonds Issued since the war sin 'oOG