The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1879-08-06
s.THE REGULATING PRESS"

0THE REPUDlATlNG rhESo'
This Journal has been classed as
one eff the s.Repudiating Press" anu
the New Orleans Democrat, jour
nal we have always liked for It's
straight, forward advocacy OF the
peoples rights, and have often quo
ted from, uses towards the majority
Of the Democratic papers OF the
State. this untruthful and obnoxious
epithet, and with very te'o Of its
followers, has howled it indiscrlml'
uately. In the issue of thatp paper OF
the 26th of April, appeared an artl-
cles. from which the following ex-
tract is taken, which too plainly
shows that the "Repudiating Jour-
nails" still with and for the people,
must have drank deep potations from
this same Democrats we'll:
But who has proposed repudia.
tion? No voice in the State. All
that has been proposed, all that has
been determined upon by the people
of Louisiana, is just and honorable
adjustment Of the debt, in the Ian
guage Of Mr.. Webster, to the ability
Of the State to fulfill its engage
ments. This adjustment the Times
: and the bondholders have bitterly op
posed; they have stood upon the let
ter of the bond; they have held thai
the homes and property of the tax
PAYERS should be, if necessary to pay
The debt and interest, sold over thel1
:, heads; that the sovereignty of tn
: State should be trampled under thu
+ heel of the judiciary, and the consti
tuition, the sacred charter and bull
wark of our liberties, overturned bs
u fore one jot or little Of the deb
should be abated.
We hold, on the other hand, tina
II the property of the people ought no
e to be either confiscated or impaire
4 for the benefit of the bondholder, an
that there is no power on earth tina
. can control the action or Judgment G
a, the State in arranging and settlin
E. the debt upon great political and ec'
i, nom;cal nrincinles determined by Il
y self. The Times now accepts tn
- position, and as it has representa-
~ the bondholders, We assume th'
g. they are willing to meet the repr
es sentatives of the people and conse'
u to a lust and honorable settlement
:, the debt. !,
p And. at the outset, the bondhol
as ers here and abroad ought to be !
he minded that no people have dl
Ter PLAYED fairer disposition or ma
e. greater efforts to pay their debt
" the last cent than those of Loul
lie ana. 1t is needless now to go o'
= the history of the debt and to aga
ice repeat what no man or journal II
ra- yentured to dispute, that for most
3. the Indebtedness now hanging o'
20 this people and expressing eve
Sc branch of trade and industry til
&c. have received scarcely aaollar of D.
is eft, and that the debt represents 81
nm DIV the shame ruin, and impoveri
mont of Louisiana. We pass all Il
by, and we find that in spite OF u
'ers fact the tax payers have done eve
} OF thing in their power to satisfy
in public creditors. From 1866 to Il
and the State has paid to the bondho
- crs, in hard cash, collected from
s.s planters, farmers, property hold'
his merchants, mechanics and labors,
pa. INTEREST, NINE MILLIONS THREE II
t is DRIED AND SIXTY ONE THOUSAND 4
"a NINETY FIVE DOLLARS. The apl
priations for interest during I
'po time have amounted in all to II
twelve millions of dollars; the -
owes the difference between the
Ders sums, and many of the coupons
ard, resenting that difference have D
- funded into consols. These are 9
h;s facts for the bondholders to cont
w plate, and they tell the whole 81
'he of tue impoverishment Of Louisl
oard our loss of public and private cr'
tller the prostration of trade, and the
who titution of our working classes.
thon Here, then, we have, not a cas-
'''.N reputation, but of bankruptcy;
es IN honor, political necessity and I
ree.' mon sense and justice demand
Tered if the bondholders refuse to
y for forward and enter into comprol
the State shall cast the broad
impenetrable shield of its sover'
ty around its citizens and pr
ors them from further impoverish
Big and their remaining property
l re- confiscation.
From oo--:--~ .,,
tro,, Liver pills contain arsenic: "6l
DRAUGHT" is as harmless as tea or