The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-18

ii The nnnvnnfI.,n had not already adoptet|
an article submitting the Whole question TO
Dsl iaplh Heron was opposed to any promo.
aitiun looking to . scaling OF the debt. He
should therefore vote against the motion tt,
reconsider. The settlement proposed, Id his
opinion, would not be Just and equitable.
The motion to reconsider was then adopted
i yeas Go, nays 3D.
Delegate Matthews offered the following
amendment to Delegate Richardson's sub.
4 sttute:
ARTICLE i. Be It ordained, that the contract
ext ting between the state OIL Louisiana aud
regular session Of 1874. approved January a.
1a7a. and IN The fret amendment to the .consti'
2f hoas tsa gad Ii 1s1s Ed Which
j bonds Of the State bearing seven per cent per
annum Interest. be and Tbs sams q e hereby raH
sesy may reuee The Interest on saa BONDS
to such an amount ns may be acceptable to the
holders Of said bonds,
The yeas and nays were demanded On the
amendment and 1t was lost--yeas "a, NAYS So.
The vote IN detail was as follows:
Yeas-Delegates Allain Bnbcnck. Bell. Robie.
hen, Davidson Of lberyllle.. Den,as .Dickers On.
susz, pardee, Phelps, plnchhaei. n Hea ieR-
stoVs Wa@s y y ns sf.s ssp' Yssx
Nays Delegates Baskip. Bienvenu. Blanch-
hs rua hfe oae1 bf'adf s hf 6Ha Bse daS. es
Davidson ef claiborne, pens Dard dhS ea'eply.
man Gaskina, deorse uirard. T. Covers J; ao der
inger, Havatd. Henry Of Cameron, Henry Of
Nateh.t u. beat He y 7 Howell, Jastremsk
| Kilkman, knoblock. Lagan, Lannux, Land,
Leake., leasrdeur. .Jr.. Long, Lott Lucketf.
M " Moore n halonrYphe Moore
Rieharason. Nivet.,, Robertson. Helf. simon.
Ha9F at39n srnss2W s Wb
| Mels. White. Young Of Ooncorda Young Of
Eaat Baton R.anga
| emily opposed any scaling Of the debt. As IL
seemed to be the intention Of tho Convention
to do this, he hoped the members would not
20 1t Ia the manner proposed. II II was to
| be done big slice should be taken He there
| for 'seventy-five" wherever 1T occurred.
| Delegate Richardson moved to lay the
| amendment Oh the table.
On this motion the yeas and nays were de-
manded, Btrole the vote was announced
| nearly all the members who voted In the neg
| alive changed their votes. Az announced the
| vote stood yeas 81, nays d, aud the motion
! til table prevailed.
Delegate Lott moved to amend the substi-
| tutn of Delegate Richardson by adding:
| Provided TINT IL Is the trueintsnt and meall-
| ing of this ordinance that the whole question
u the State debt should be and IL hereby re-
ferred to the people for final adiutieation.''
The amendment was accepted by Delegate
Richardson.
Delegate Knobloek moved to amend by
adding to the" substituted: Provided. holders
Oh bonds have the option to retain the face
value ut 3 per cent for five years. per cent
levying d tax Of ~ mills for the payment Of
interest aud redemption Of principal
The yeas and nays were demanded On the
adoption of this amendment, resulting--yeas
GU. nays 81, and the amendment was adopted.
Delegate Stone moved to amend the orig
inal article by providing that per cent shall
be paid In interest for five years. per cent
for ten years and per cent thereafter; that
the interest tax shall be placed at two and
o half mills for five years and three mills
thereafter, and that the entire tax for oil pur-
poses shall be placed at five and u half mills
for five years and six mills thereafter.
Delegate Stone said he had been opposed to
any recognition Of the face Of the debt.
Every proposition, with this view, however.
had been defeated by delegates from North
Louisiana who had been actually bowling
ever since the Convention assembled for the
cutting Of the debt. When they had the OPP
portunity to do this they had refused to do it.
Thus 1t became impossible to scale the debt
and he offered his amendment with a view to
the solution OF the question. Its adoption
would give the people the relief they desired.
On this motion the yeas and nays were de-
manded, resulting. z. nays 50, and the
was as follows.
Yeas Delegates Allaln Babcock, Bell BLANCHE
ard, Bohte. Bolton, Bourgeois. Brenux, Breen,
Brian Bnlger. Bulow., Burton, !Oatfrey, Cahen.
hmm. Davidson Of Claiborne. Davidson OF her
vile. Demas. Dents. Drkerson. Edwards. rs
karnoehan. Knobloak Lanaus, Landry Leake.
i,eGardeur, Jr.. Loan. Lyons: Marks. Matthews.
AIentz. Moore Of LAfourche. Mcdonnell, Nogupz
Olivier, oh patlanee. Phelps. ,Pinehbaek
poche. Roach. Robertson. Semmes, Smith of St
Mary, STAMPS, Steele STEVENSON. Stewart. Stone
rebonne Young OF Ooncordia. Young Of East
Nass-Delesates Baakin. Bienvenu, Bridger,
etly. Elan. Faulk. Favrot. Formnn, Gaskins,
alrard, Covers. Gusringor. Hazard. Henry q
irion. Kelly. Kemr. Kennedy, Kidd. Ktrkman,
Lagan. Land. Long. Lott. Lutkett. Willard.
M Morslannd Moore sa Of S. Landiry Mnnday Nc
Self, Simon, stagg. sntherlin THOMPSON
Todd. Vance, Watkins. Webb, Wells.
Delegate Forman moved to amend the SUBJ
stitute by providing that the debt should be
scaled to seventy-tive cents on the dollar. at
4 per cent interest; that the bonds should be
issued In denominations Of SIS and $1,000; and
that the total rate of taxation shall be five
mills on the dollar, the interest tax to be fixed
ut two and q half mills.
The substitute was rejected without d.
vision.
The yeas and nays were demanded on the
adoption Of Delegate Richardson's amend
ment as amended, and 1t was lost-yeas SO,
nays 66.
The yeas and nays were then demanded on
The original article as amended by Delegate
Stone, resulting-yeas SO, nays 81, and the
article was adopted. The vote In detail was
Is follows:
Yeas-Delegates Allain. Babcock. Bell Bobie.
Bolton. Bourgeois. BreauX. Breen, Brian Bull
s,aar Bnlow Burton, Caffrey;, Cahen, Chaffe.
lille. Demas. Denis Dickerson. Edwards, Es-
topinal. Fayrqt Fonte!en. Gardner, George,
astremskt. Kernochan. KnobIoek. Lanaux
snh Moora II qa
I, aeo ION fNnognez Olivier. CIT Prange
'ammes. Smith OF st. Mary. Stagg. Stamps.
tevenson, Stewart. Stone. stringfeli2w, stro.. t
)oncordia. Young Of East Baton Rouge,
Nays.Delegates Baskin. Bienvenu: Blanch- s