The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1879-06-14
1epallatlon . Death.Dlow.

1epsliatlsn . Death.Blsw.
| II the seutimeus Of after and tota
rspudistioo, which ssems ffon tho 70
port Of the majority ofshe C"n"'tte'
~ tho State Debt to prevail 10 the
Convention, was manifested by the
people preceding ito assembling ia
tho canvass resulting in the election
Of ito delegates, or 10 tho contest
which secured ito call, We coofess ou'
utter ignorance Of 1t. Nay, We ~
cert end can prove that no such sen-
tinsut was expressed OF encouraged
10 ssy part Of Louisiana. On the
contrary, We itsratsd our determine
ton to stand BY and pay every cont
10 honestly owed, Of that was incur.
I'd for honest purposes. We insist.
ed, howevar, that no fraudulent Bonda
or Indebtedness would or SHOULD be
paid, aud No promised an honest
search therefor.
This We the platform Of the Dem.
ocratic party on tho debt issue.
The majority report does not sus-
tain that platform in . single partic.
slar. II proclaims BY iunueudo, and
BY ito results II adopted, that . public
debt 10 . public curse, which public
curse they proceed to cure By de-
troying tho public debt.
We STAND ct this moment on the
debt question whore we have always
stood. We still propose to eliminate
tho fraudulent portion Of tho debt ;
70 still propose to reduce the inter.
est, bat 10 most uubesitatiogly say
10 will never agree to repudiate,
even when tho act 10 covered in au
attempt to escape odiuu BY actuowl.
edgipg 10 owe something which We
veil know 10 ess never pay, because
those W owe it to can never be ~
certained.
"Bat," say come, I've can't point
ont tho fraudulent Bonds." No ono
bee asked you to do that, 10 answer.
You are required to aseertain how
much, IN a~osst, which is fraudulent
has been funded, and wipe that out
BY requiring each bond 70 share its
psoportioosd loss. After yoa have
doas this, you owe tho hslsses hon
estly, and for Ito settlement other
means than repudiation must b ~
sorted 10. ........
The Auditor reports tho funded
debt On January let, 1879, At @ll.-
20. 073, 60. say, in round amount
twelve millioos. OF THE, IL 10 claim.
ed aud has nat bseo denied that lea
than two millions 10 hased on funded
ftas1ulept paper. This two millions
shoold DO eliminated, eseh dollar 81
boHdeA Indebtedness suhmittiue 10 be
scaled 16t per cent. By THE proceas
ths debt 10 sedsced to what Il ID
claimed and conceded 10 honestly
owe; and from this basis 10 nus,
start for . settlemsnk VI
How h that 10 Do dooss, i.5
L4t Ito Convention after calm do
libssati6o detsrmiue what soosut on,
Impoverished people can pAy-if VI
eassnt saassis the prioeiple, let that
10 sealed; II No can, let Il stand.
The Interest must b ,edaeed At Oh
essats 10 1 pc cssl II Il 10 impos.
sabls Nar our psop's and property to
Lbeas that rate, INV. lst - tell, oss
erediloro % frankly. and nv them 4
q even 2 per esst fSr' : assiss d
ysas ustil ~ eaa pay osrs. .,
These ars or opinions % tho State
Dsbs, asd ~ report II tho majority
II g. ce~sitsls. .;Tks5 ~ aassd
90 bedsees cd sot % eeatioeet.
We hsvs seshies 70 ~ q ~ dc.
hoaos end diigsass ,ef lspsdiasios,
~ 4 ~ assert ~ equally sbsssd
peepositioe5 that sasnt hsassr lurks
IN every hessebalA 10 10 State. We
asstpsoe, Il h trss, bat ~ ass not
10 pooe % pey oar booeet debts, at
. reasasabls anssst thereof. We
a's 10 Memorable asd to pese 70 ~
pad,ate, hewsvse. a,.ae 49,
We hsvs lpeeivsd % isvitatioo
ton PRECEDENT 7. Q. Sigh, u ths
"Hoosr nssesie Fsasls 1sstitste, >
% attsed the s1aoioatioo elereiaes.
bas s1seellssly' sesrst cor inability
g attend. The sssnisatiea esereis.
- viii beCis - Friday, Jsss IL,
Nd 81 q Tuesday. ~ I'M. Con.
aset asl 1shibieiso - Wednesday at
49,. aCeoosseensst Exercises,
rA1ls6aj, - 19eh. sAsoual Addr,ee