New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-11-12

tended. !. ;s no: a q1ee:icn OF party. J:
/ 1s rs case & the people Against th'sSss' $50
Tia: they we've il powe. is matte: in
which tie ,ecoeds and the traditions are
quite as:eed. VIA: they did with '':he
peoples money" can be seen by exanin'
ing little further into the nrsty records
Q: 1866 than M,. Wake: is likely 20
ind in the F;eayane o. IN. jourrs! Q:
that peculiar persuasion 70 which he and
i, belong. Mr.. Walker sec;tes:
The New Orleans Piecy,ae has recently
shown. bv tie Auditors OoCka. tina. the
Legislatures 9: those years expended OIL
st3tcto % excess Of receints. instead Of
els ,"e."0 as charged by Kellogg. True
10 replied: they appropriated and not ex'
Gy"ne with actual figures.
The you:h!u! s:rIsa: VIII pardon as.
We hope. C. saying .ha. the Auditor s
books do Io: sustain the Picay4n. in
making scch statement. and it would
no: be true If both Q! them said 50 sew.
ersl times over. Tie actcal occurrences
0: the tine when the Democratic Legis.a.
tues was in session here, when the .e.
turned CorteGe,ates had everything al!
their own way. shows the following re.
ma,kab!s balance sheet. We give the
footirss merely. having published the
details las: August. while Mr.. Wake. was
OF WIS.,: &c lis home:
AxScS9 % Arpxork,A9!oSe.
49,. 80 !.
-
Expenditures .or the time. %
kxs E:p7s. ASr THCx wsAr .orxcxA
Le~~e to.Gs................eiH 5000
C<r.ifcates Of Indebtedness 7e!1UN
SOnds 20; outstanding wSr'
70 .e~.s :a.:. amount taken
'o' Confederate p1rposes .:h""
Bonds fnI !elitt Of treasury 3ta:,GN
L~vee :,.nc rt.:t. bonds. aHA ..'
Receipts for taxes !ss6-f:... 3::.G2l
Escs p;s :oy tie time. sEoiaG2, 60
Excess q expenditure. ........... e2,t.9S.l II
Such IS the balance sheet, taken from
the recorded history from which tie Pic9-
.4ae and N-. Wake. have erdeavo,ed to
evolve the figures given in the extract
from the letter Of the latte, 20 the Ea.et:n-
The recu!isrisies Of the balance shee. are
various. They consis: in tie fact tina. all
the items G: receipts save one show add
lions to tie State debt, and none Of the
expenditures show investments. There is
nothing to-day to show 10. al this outlay
Of money except. perhaps. an improve
men: IN :ne private fortunes Of some G:
the gentlemen whom Mr. Walker politely
Gays arg &c: 20 be defended. There is no
Auditors report in exis:ence'tha: disputes
figure Ct our table which We have com.
piled above.
We conceae :ta. The errors Of e;gh.
years ago San no: be pleaded TO excuse
those 0: tie succeeding years. We make
no such use Of the official figures. But
wien great :urore is created by tee bare
possibility tina. the race Of statesmen vito
dorrisled here in 1866 is abou: to come
into power again. We feel very much like
letting such youngsters as Mr.. Wake.
know something abou: them. VIA. they
did with al :le money they raised on
tiese bonds and certificates Of indebted.
ness is involved in impene:rable mystery.
AL tina: came down to thei. successors
WAS TIE liability to provide 70, paying the
coupors. the State notes. State warrants,
and e,:ter floating and unpaid debts
amounting to about five millions; and in
addition 20 this. being saddled with the
odium Of having Increased Tue State
bonded debt.
We have shown that the tame 70, the
create. par: Of the burdens WHICH Cypress
tie people are directly ;raceable to the
Very parties who are row e: the head Of
tire movener: 20 detea. the Republicans.
In the unnecessary display Of premature
exrita:icn. in the very acme Of their
ecstacv. we ask the masses TO pause and
.eaec: upon VIVA: they suppose they have
gained. Tie history Of the past, if it can
be taken as guide for the future. does
not Offer anything very favorable to the
Interests Of those who are now making
the weik:n ring with their scc!amations.