The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-21
A SUCCESSFUL COMPROMISE.

II 10 rare that q compromise is accepted
with such practical unanimity as that offered
~ the contending factions in Louisiana
With a feeling of real relief the reader learns
from the telegraphic columns that the Legs
lature now in session ut New Orleans Is the
most orderly that has been known tor years,
and that the terms of arbitration are III the
way of being carried out in good faith. The
most striking point in the long and elaborate
message of Gov. Kellogg is the fact that there
has be. q deere ase OF So ,UG5, 1926 IN the STATE
debt since 1873. -,
This ia the more remarkable because the
excess of expenditures over receipts from 1871
to 1873 was 2,Gl3 2O3. The State had sui.
fered severely in former days at the hands OF
its Democratic rulers. The Democratic
LEGISLATURE OF 1865 to 1867, authorized an ex-
cess of appropriations over revenue OF Slo'
7JO,3:l, vet the Legislature was composed ex,
clusively of white men, Mr. McEnery ana
other prominent Conservatives being in1ueh-
tial members. Under Gov. Warmotn the
State debt increased Sl4, $50, $50.
It will he seen. therefore, that the present
Governor of Louisiana has administered the
State finances with prudence and economy.
His course is the more remarkable because,
during the same time, New Orleans, under an
exclusively Democratic rule, has increased
it's municipal debt with great rapidiiy. Would
II not he well to take these facts into consider
alton in making up popular estimate OF lie
publican rule in Louisiana.-Aer loTh Conf
mercM ADVERTISER.
This paragraph, from source usually we'll
informed, will be read with some surprise.
The compromise is not accepted on the one
side nor conceded on the other with anything
that approximatcs to unanimity. The Con-
servatives robbed of their rights, through the
fraud of the Returning Board and the vio-
lence Of Grants soldiers, consent through
the so-called compromise to take back part
of those rights, being the best in the opinion
of many, that they can now do. The Radi-
Gals in the House advised thereto by their
Governor, by the President, by Radical
Committee of Congress, by all the managers
of the Grant party, consent to give to the
Conservatives the seats to which they were
elected as they all know and confess, on con-
dition that the status Of the usurping Radical
Governor shall not he disturbed.
In the opinion of many of the most saga
cious as we'll as patriotic men, the compro-
mise was an error on the part Of the Con-
servatives from the beginning, and nothing
reconciled the Radicals of the House to q sur
render of their artificial majority except dicta-
ton from Washington. Ii this may be called
unanimity, dictionaries should be suppressed
The deameanor Of the Radicals il the
House and elsewhere indicates any thing else
than cordial acceptance Of the situation; but
of this tho advertiser IS only informed by
hearsay The daily sessions OF the House are
anything else than love feasts.
The writer of the Aduertiser's paragraph
must have read kelloggs message hastily
when he came to the item of the public debt
When falling merchant compromises with
his creditors, offers sixty cents on the dollar
and gets long extension on the compromised
debt, it can hardly be called by him or his
friends a decrease of his debts. The item
named, OF $3OG5, 926, represents the differ
ence between the bonds and other obligations
of the State. exchanged for new bonds Of less
amount, under scaling process
Radical misrule and extravaganza having
swelled the State debt to such stupendOus
proportions that the in. crest could no longer
be paid, the bondholders consent to accept
new bonds for the old with large deduction.
1t is the crime of the Radical rulers that
causes this necessity Of partial reputation.
and the funding process under which this
reputation is covered is Objectionable be-
cause of the multitude of fraudulent claims
covered by it. 1t is melting process in
which the copper-zinc and other alloy is
melted in common mass with the pure gold.
The increase of debt charged to Democrats
il result exclusively of Radical laundering
and frauds There has been but one Demo-
cratic Legislature since the war which held
one short special and one regular session in
1866 and 1867, by whose authority the debt of
the State was not materially increased, while
the Legislative appropriations were all met by
the regular revenues OF the State at a low rate
of tax. That Democratic Legislature was pre-
vented from re-assembling by military order.
Since that date the Democrats have had no
State officer nor n majority in either branch
of the General Assembly or any kind or SEM
blance of authority or influence in tho State
government, or any responsibility for any
portion of the extravaganza which trebled
the debt of the State.
During the same period the Democratic
control of the city was limited to the admin
istration of 1873, 1874 and the beginning of
the present Mayor and Council, during which
time the city debt was not increased. The
whole reckless expansion of our Sta and
city debt has been the result Of Radical mis-
government.
The prudence and economy" of Kellogg
may be inferred from his signing an appro-
priation bill last month which exceeded the
known revenues of the State by million of
dollars, and which was Immediately enjoined
by u Radical court for excess and illegality.
The time was when something near the
truth could be gathered from Louisiana doc
uments by her most yirulent political oppo-
nents
But the Commercial Advertiser, while ably