Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-01-05

| etltutl01. Inc rate OF taxation Is limit
ed, thelegislature is restricted In its ex
penditwes to revenues which that rats
OF TAXATION will yield, and the revenues
of each year are to be devb.sd exclusive
ly to the expenses of that year. The sc
tual amount of the debt Of the State will
hereafter be a fixed quantity, which
can at any moment be authenti
ealy stated and proven. In addition to
these STATE reforms, the city council oi
New Orleans has been prohibited also by
the constitutional amendment from
issuing further bonds on any evidence oi
Indebtedness, except against cash &C.
tually In the treasury. The bonded and
floating debt of the State when he took
charge was $2i ,093, ,407 20. He gives elaC-
crate tabular statsmenis Of the move
ments Of the State finances, and says it
will thus be seen that the present bonded
and floating debt Of tue State is now j an
usry /, 1875, $l9, ,06l, ,645 25, and that the
debt OF the State has been decreased
during my administration S., 199, ,S05
While this reduction of the debt has
been effected, the general expenditures
Of the government have been largely Fa-
duced and taxation has been diminished
from 2l to al mills. The receipts OF
last year - TO December Goth, ex-
naadad nv fRsasS7 s1ss - cssz<snS-FeSeIsJt sJts
fof the year 1872, and the expenditures
for the current year, up to December
Goth, show q reduction Of 81, ,lS3 ,2O9 upon
the expenditures Of 1878, and $l,4l6.-
TS3 81 up1n the exle ndhures of 1872
The expenditures during the three yeas
Of my administration have been 1912,
085 92l, showing saving in expenditures
of So, ,269, ,553 81 as compared with the
last three years of the previous admins
tration. He recommends the passage of
constitutional amendments reducing all
salaries and the per diem and mileage
OF the members OF the legislature, aud
the limitation of the session OF the legis.
lsture to thirty days, instead Of sixty.
With regard to the financial condition
of the city of New Orleans, he states
that the debt of the city is over $23 ,000,-
600; the city's default on interest last
year, 81, ,295 ,057; its deficit on appropri-
ations for interest this year, 81 Ia, 500;
on appropriations for schools and police,
$256, 900, making total deficit for 1875
and 1875 Of $2,6e3,777. The de-
llnquent taxes uncollected for the
last six years amount to s.. 352, LIS 81.
He says tLat such an exhibit carries
with Ii its own moral. The city is In
solvent, and, in my judgment, the only
course open Is to address itself, without
unnecessary delay, to some adjustment Of
its obligations to its creditors, and to
provide for q more economical admins
tralion OF the government In future. he
recommends the appointment OF five
commissioners, to be elected by the city
council, to represent the city; two by the
board Of underwriters and the banking
associations forming the New Orleans
clearinghouse, to represent the bond
holders; and fifth be appointed by the
governor, or elected by the legislature,
who should be clothed by the legislature
with full power to negotiate with the
creditors Of the city, and to agree, on be-
half Of the city, to any equitable plan Of
ratified by the city council, should be
binding upon the city. He gives credit
to the existing city council, though con-
sisting of political opponents, for having
done their best; but recommends the
abolition of the present form OF bureau
cratic city government and the substi-
goes into figures to show that the condi-
VI OuO 10 III III Woy A5LIlOaOlC
to taxation for schools and police, as
charged by Mayor Leeds, but that both
schools and police cost less than ever be-
fore, and are more economically admin
istered in New Orleans than any other
city of like size. He concludes: "The
great need of Louisiana Is peace and the
enforcement OF the laws, with the active
concurrence Of tie people, for whose pro-
faction laEo
ings, fncendiary fires and assassinatiOns
which have recently been perpetrated in
three or four parishes of the State are q
warning and menace to capital and
labor to avoid this, the most productive
State OF the south. Accurate statistics
indicate that the crops of cotton, sugar,
rice and fruits raised in the State of Lou
isiana during the past year largely eX-
ceeded fifty millions Of dollars in value,
" lile for the first time In the history of
t1e State the crop Of corn has been equal
t. all home demands, leaving a surplus
for expectation. What State In the Union
with similar ares OF cultivated land can
show like result from equal expsndi-
ture? With capital in our State &C.
cured against excessive taxation
by the funding law aud constitutional
amendments, it now only rests with The
citizens themselves to give to emil
grants assurance that their civil rights
will he protected by the laws, and that
no special ostracism will be visited upon
them on accout OF political opinions,
and the State will receive an influx Of
labor aid capital which will increase its
prosperity thousand fold" He points
out that in national politics the interest
Of the State lies in the direction of hard
money and q protective tarid on rice
and sugar, aud after reminding the gen.
eral assembly Of the pledge given In ad-
justment, to accord TO him henceforth
all necessary and legitimate support in
maintaining the laws, and in advancing
the peace and prosperity Of the people
Of the State, he says he confidently looks
forward to their cooperation during the
coming session in all measures tending
to still further tighten the burden Of the
people, and to still further enforce
economy, honesty and efficiency In all
branches Of the public service.
OHIO.
COLUMBUS, January 4.-In the senate
this afternoon bill was introduced to
prevent the removal of suits against for.
eign companies doing business in Ohio
from State to United States courts. In
the house bills were introduced to reor.
ganize the Ohio penitentiary; toprovide
for the r sturn of bank statistics to the
secretary of state for publication; to reg-
ulate the carrying and delivery Of freight
by express companies.
KENTUCKY.
LOUISVILLE, January In the Ken
lucky legislature to-day q resolution
wa offered that Kentucky senators be
instructed and representatives requested
to use all efforts to secure the passage
of bill which, guarding the interests
of the government and the rights OF the
peoples property, shsll afford to the
Texas Pacific railroad such aid as will
secure its early completion, which was
referred to the committee on railroads.
MINNESOTA.
ST. PAUL, January 4.-The Legislature
OF this State met to-day, and both
houses organized by electing Republican
officers, the same as were telegraphed
last night. AS the Legislature is to count
the votas of the last election haf0ra the