The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1878-03-06
; - = -. . =. -
NJ 0 n E T..
EDITOR DEMocRAr-

EDITOR DEMOCRAT
/ very cheertully abandon my for,
mer opinion in regard to ,be necesai.
ty of a Constitutional Convention,
and now think that the position you
assumed last summer the proper one,
and 10 this it seems you are support.
ed by large majority of the Legis
lature. Whatever is Objectionable in
the present Constitution can be elm
mated by way Of amendment. Ny
opinion is surrendered purely on the
grounds of economy. Our funds.
mental law should be laid broad,
deep and comprehensive, SO as to
reach and foster every legitimate in
terest in the State, and induce and
build up others; and upon this foun-
aation let our legal superstructure be
framed in such manner that the laws
shall be plain, pointed and expedi.
t;ous. As you very truthfully put it
-"the world is governed too much. I"
Such endless complication cobwebs
and must engenders feebleness in ex-
ecution-the most important of all.
The most valuable knowledge that a
statesman can possess is the tho
rough comprehension of the material
interests of the people and the best
manner to develop and prosper these
interests. and this cannot be done
without the liberal expenditure of
money. Now, the question is how
to obtain the money! One of the
great vital and important interests Of
our people is manufacture. If moth
ing was done but the simple CONVEX.
sion Of the raw material, cotton, into
thread, it would greatly appreciate
its value. Let it be incorporated in
the Constitution that all capital in
vested in manufacture in this State
shall be exempt from taxation for a
period of from i've to seven years.
This is certainly great inducement.
| believe thst the proposition will
not be challenged that this State pre-.
sents the most profitable field for the
judicious investment of capital than
any other State in the Union. Here
we have every variety of soil and
climate, and every natural facility
for rapid progress and development.
Capital is always seeking lucrative
investment, and it will come here if
our law makers will simply demon
strate that it can be safely and pro.
fitably invested:-this is all there is
about it. Capital is .imid, prudent
and cautious, and demands that pro
per safeguards be established for its
protection. The world is not suffer
ing for the want of money; there is
plenty Of it. The thing is to prop
er'y utilize it 80 as to obtain the
greatest results. The holders OIL
money study the resources ofa coun.
try, aud they can give the most On
llghtened statement Of its capacity
than any other class of men, and the
only absolute guarantee that they |
demand is local protection. When
capital is ACKNOWLEDGEMENTS heavy
Eaxation, it is regarded as a great
Let our Legislature
90 to work and by an elevated states.
nanlike course Of legislation invite
md induce capital to come to the
country and protect It when it does
;ome, and it will come as surely and
Inevitably as that water seeks level.
It does not make any difference where
t comes from or who owns it; the
object is to get it here;-this is what
We need and what we must have If
We have any regard for our advance.
nent and permanent prosperity
Let the great and unparalleled re-
ources of this unrivaled common.
wealth be properly placed before the
'orld, and your millenial sun will
lawn. Energy is the best thing in
he world, and combined With ability
nd patriotism, and everything de.
lrable can he accomplished. Twill
nd this article with the remark that ,
regard it as cardinal principle IN
economy that the govern.
aent is at fault, if the entire power {
nd capacity of the State to sustain
large, happy and prosperous popu-
alton is not practically aud fully de
eloped. SrosHvA1,
~~~~o-~~.~-aA~->ooo
(OGERS ENGLISH TABLE AND
- ..PoCKET CUTLERY. LADIES'
GiSSUKS and OTHER FINE GOODS
Ell bI HENRY ST. JOHN.