, 1876-01-04

pFospec.s o1 the atase. WHICH he afcs'ocs
mainly 10 tho tact ti'as shoy atc no" or thd
ihre+ho'd Ut lhe full fru'tlon Of ttloso financial
| refcrms urged Ly l,ltnsetf, which, b7 tho Inst
| election. bf IN ubauestioped vain OF a ma
jo.ity tt the people woro onEta a;tod Oh tie Cou-
ttltuttos Of tha State. lie Expresses the belsst
that those amen ine,..H nra uo. even y.t fully
unlerstopd, aud Summarizes them "a follows
The debt OF the st ito Ia re,.uce.j 10 point ad-
nlltted'y within the p,wer Of tue Stato 10 meat
tbs principal and tulese.t At maturity dur,pg the
| whole tetm of forty years oysr which tho new
bonda run. Tic debt cannot 10 tncfe. led beyond
| tho E,oInt to which it has becn ltn,ltetl, Tho
4pp4lling load OF contingent debta-oyrr
". 0.000 in amouht-nover aetvally
ucnrEad. but standing dn thu statu,a LooF. d
Q, instant source Ut danger and nncertaint. ha4
apf. tofftaltOn III tho November debt IN aae spe,.
f,etn al until tic orllnguislmeut Of tho debt IT,
ao1f + hail havo been accommodated, Both pfin-
cipal nd interest are guaranteed b. tile Coassi-
tutlon.
The r. Ito Of taxation Is limited. Tho Lc.n.
Iature ia restricted in expenditure 10 Tho rev.
cnucs wh. cf' that rate OF taxation will yiod. and
tho rtvenl. of each year nro Ia 10 devoted a1-
ciuniyely to tho expenses Of that year.
Tho ac.ual amount of tue dcbt Of tho 1s1.e
will bn isareat los f1xod quantity wiiich cau u.
am moment BIZ Automatically stated 8hd proven.
In addition ~ these State reforms. lho City
also by constitution amendment, from issuing
further bopds or any evidence OF Indebtedness.
except agAinst caa.I actually In treasury.
Tie bonded aud floating debt OF Tho State
Whea he toUk cAaxf.0 wBs s2i.033, 4U7.20. lie
giyes olaoora4e tabular etatemeuIa Of tho move
meuta Of tho S:ato fnanceB a,nce and ea;e:
''Is sill thus be Heen that tho resent bonded
aud hoatng debt Of Tho btate In now Jau. l,
1876, 5lp,QGl ,Gi5,9J and that the debt Of tho
Htato has boo, Decreased during my al1uinis.sa-
tion SO, 1o9.e05. While th,s reduction Of tho
dobt Las been effected, the general expenditures
of lilo 0overnment have been largely reduced
and taxation has been limials1cd from 11lI to
1it7 mills.
1hs receipts Of tho preaent year up to Dec. 90
Aaye e1caeied b. 70. .4BU tho eutto receipts Tor
the gear 1871, and tue expcnditutes fur tito cir.
tent yoar up to uec. n show reduction Of F1,-
lg3, 2b9 upon tho expenditures Of 1873. and s1,-
4l5 7b3.a2 from tle expenditures Of 1872. The
expenditures dusiu2 the three years OF uy al-
mnhtration lave boeD a9.729, G53.2l. slo alig =
saving in expenditures Of ay.2 ,9.553W cotnp.,ed
With tho last thtpe years. OF the previous aumn4-
istra,lon.
He tecornmends tho passago OF constitutions
Al amondmont reducing atl salaries, mud the per
DION aud mileage OF members OF the Legislature,
and limitation Ut tl,e session OF tie Loxislatu1e
to th lrsy ds,s iu4tead Of siSty. NV @'"'1'"''
NEW onLEAS. fshoLyEST.
VIII, regard to tue financial condition Of the
City oi New Orleans, he Hates thu. the deb: Ut
tue ctr ,e over e23 ,000, ,GcU Tho cty's default
on fuiol,,Bt last year Was s12J, sos. Its dcl:ct
on APPROPRIATIONS for interest, this ear is IT,
bV0 ou aplro; rlatious for schools aud police
&25i p2l uaskuf, tutA} deficit for hts and ft7i
Of e. lG1 J71 The dcItuouept taxes uuco,cc.ed
for tho Lat ei1 ,carg an ,,lut to g. 331 l75.GG.
iio saya t.Suc.l at, exhibit Chrrjcs Will, It its
oHu moral I1e city in iniolveat, aud, i'll my
iudguept tho puly cpuIee opeu III to address
itao!f without uunacersary delav, 10 so,ue aJ-
i'll ,tucnt Of itH osngatiotIn t., jtS ctnulto.s and
! O ,ryyiJo for y u,otp ocunomicat administration
d cove, pmeut ii, tlIe future"
Ue recommends tho appointment OF fra
Co ,,n,issoncss, Two to be elected By tue CT;
Cor, pc,] to fe1seseul the city, two b7 tue Boarj
OF T. u lprsr;tern aud tito iealug banking nsao-
r1ati,,ns forming the New Q.Icaua C.oa,iog-
ffu, "a tn reprcecnt the boDdbo}dera knd tho
fiji lie arr,. it,,cd by Tho Goyo1uor or cec;vu by
tho Legislature, wlyo s4loud DO clothed by Leg
ts utiyp epac mont viii, full power to negotiate
S,ta tlIc creoltays OF the city, aud to asree ar
pruu,lse. which a:neeulent, mAcn ra,iIied b. thu
Gity Council. should he bind.ts utou ,l,, city,
la ciyet crsJit 10 tho existing Ciky CoalcE,
thoush compuasI Of Political opponents. ior
hayiuv tot Aer bert but recommends tue abu-
,kt,ou o! tho ureaout 0riu OF buseau-cl eaic Cry
/ 10. oruu,ept. and The uubvtl;uriou OF te-a
= rueng,va man up goes into figures to sbuw
ii al lie coudiIiou Of tic ctr is 10 no ~ ascfp-
aOLc to taxation for schools aul polce, as
ci,, uccd hy Mayor LocdA, but that both schools
uud uoIlce cost IesB tlau over be{ore mud aro
mo, economical, admniotratel III Nes 0!tcaus
Luan ID auy o,hor city Of like sizo.
WHAT Ii MOST NEEDED.
in rcacs aud the enforcement Of tue laws, with
tue actiyo concurrence of tnc pco 10 fur wh.b,
rJtcct,or the laws arc desired. lhe Iypc,neu
.ucsud!arv tires, mud aseass7uatious which have
/ hos al the ss:ato are q warning and msuacc TO
cstIai aud labor 10 asc1a tns. The moet proa''ct-
iFe salo OF als Soath. Accurate s.asst'lcs ~ cate