New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-04

Alexandra and Fulton Railroad
Company, act No. 40 Of 1871. 1,85 ,O0(
Louisiana Warehouse Company,
act No. Al of 1871. SOC, 0O(
New Orleans and Northeastern
Of 1871. ...................... 1,2le,5o(
Levee Company, act No. 43 of
lo10.. l,UO,VW
Total contingent liabilities. .$2l, O9O, 5Ot
None of the bonds authorized by the
above acts were issued. nor have any liza
bilities been incurred by the State under any
of these acts.
The debt of the State, actual and con
tipgent, was thus on the first of January
1879, $40, 1907 co. The whole Of the CON
tiDgent debt passed out of existence by the
adoption of the funding bill and the consti
tutional amendments, and the State was, in
express terms, prohibited from hereafter
modifying, novsting or extending any
contracts here tofOre made for the giving
of State aid in any form or under any pre-
text"
The amount of the actual interest bearing
bonded debt of the State on the first day Of
January, 1874, and at the tir1e of the passage
of the funding act was as follows: Bonded
debt, Sc, 43O, 800; outstanding general fund
warrants, January l, 1874, $l,79O,753 80
total bonded and floating debt. January l.
1874, $24, 22l $50 30.
The bonded debt comprised twenty-foul
series of bonds, and the annual interest
thereon amounted to 81, 493,35S, derived
from tax Of eleven and half mills on the
dollar levied for that purpose.
Tho following tabular statements show
the condition of the bonded and floating
debt, not including the bonds loaned to the
Citizens Bank under act of 1886, which are
abundantly secured, and have never been
classed as any portion of the State
debt, and the reductions effected each year
down to the present time:
CONDITION OF Stair DEBT JANUARY l, 1873.
Bonded Debt
light per cent bonds outst landing -. ss72o 900 90
Seven and three tsnths per Ct mt bonds M, -
Seven psa cent bond; out:tanding 900
Six per cent Onds outstanding. H0o2,Soo "
Five per CT mt bonds outs: anding. 9OOO w
Total bonded debt &2l 8O! .8Oo W
Floating debt
Certificates OF Indebted
ness. 6lol,lU %,
Auditors warrants. 1887 ,499 o.
Duo fiscsl agent 10000 90 2 29l GOT 90
Total bonded and floating debt,
January !, 1873 $24 o93, 'U' ~
CONDITION OF STATE DEBT JANUARY !. 1874.
Total bonded debt January l, 1878 $2l ,sol 300 90
Increased by issue of bonds under act .
Ne. l08 OF 1869. .................... 5Io,VOO w
Incre Fed by issue of bonds under act
No. 81 Of l87O... ................... z9ooo w
Total. s22, SOL, 800 90
Decreased by redemption of seventy 800. ..
two past due bonds. .............. '1ooo W
Tota, bonded debt. e22, 10000 90
Floating debt
Total floating debt jan
, usay L. 1878 5ssn.n: 70 s1'Ssi0o' )" II
fiscal agent lScooo NO
Reduced BY retiring ,soos,co
Total bonded and floating debt .s53 30 ;
January l, ls74..............$s,5.
CONDITION OF STATE DKBr JANuAN
Bonded Deb,- s,43o 800 90 q
Total bonded debt January l, 1874. -oo y.
Amount of old bonds funded dur l'4oS 'oo w
:. s2l, or, 100 90
.moumt nt n .w consolidated h.. 842 22O 90
sued for old bonds as abe -, 80 o,o 80 +
$Zl, sos w | T
s,aa ~ q. old varrants ....... lOs,634 s6 | Il
cOnsOls issued theref h
IT, old and
Total amount of bondr. S2l STE, so4 9o e
new, January H. g
Floating Debt
Total amount Of
rants outs. 81 'lo5'o 40 r
January l. lNar
Total amount, airing b
rants issy 800. loo,i6' IL
1874 for " ---- u
ST. e3l, 857 92 .;
Tots :,
AmOugg Il
tuad5 ae,7us4 81
l874J Of | q,
Amxnts
vi BY O.
[nt 81 26l 40 1888 e36 81
mt of old and fund. Is
kble warrants out.
ST andine -. 49,. &ll27.871 50 al
amount of warrants %,
1874. outstanoing... 247,o34 % 1851. 7O5 SO | r