The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-02
THE sTAfE DEBT.
views of the Leading Country Pa
pers Thereon.
Why the State of Louisiana Should
Not Repudiate Her
Obligations.
IAmita Indenandant. ]

IHB NUIIVHIUIUH bI0t'f,1 49, -
est figure the State Is AZ. able 10 pear. ana then
say TO the creditors, mus IaI w are apie
md willing to 90, and this - all We are aple
70 do-noW come ana let uS seeI ne, IaIly Oh
this basis, and not De stTuRgnng, Ing 1oasa,
enemies, to ruin and destroy eaen otner.
The State and her creditors snouia De mutual
friends. And we will say 10 these crediIors
This is good goose you nave got hold I'll y
you will take little care OF her. ana " help
you a golden egg every day. " you XIII her
you'll get no more eggs, neither WILL you 1lna
any gold mine inside OF her; 80
This course - not repuoiaIion. ~ " nov
denying the debt, or any pafG O IL. ~ " Only
saying what 70 tne 1tuen i ,la p ~ ,,ilng
II haar III g% o. ann III It and then the cred
s ~ psa - a a,., " al la NJ =, ,nora
Int r. = Flor every effort Ia made for a fair
,,n9ars n nhjnp the hondhoders should prove
s.t,,hp,r,. ND nnmtrarv and try ia NAV Shy-
so ,.sta t tba stata showing that thay have
80 W. ~ ~ h,o,nanitv tnwerd fla State Or
ho, ,,na1so them tha Convention must pro-
s y. ~ ~ 3,stica tn both Sides as nearly ag
.nnaa,hla 80 whether they will consent or
Whether us they ey viii forbear. Ii either must
Hrat 80 -
iise' tMorabouaa Clarion
o,,m,t =, co., 81 +his tima wa t,o not nd
st y W say g. ;ority ~ n,innritv renorta
VooaJe elLnsI sne - - IT, - ~ co,n
OF Lne sta.e nenI thn stata and its .reditors
promise pssWegn nT and fair adstma
WhnI 70 see ~ - ~ +hn ninhtaa ssith ~
~ aos Wang ;a ~ so tbe timsv nuihhies and
~ Ssag nv % sa forth bv TIE advonates Of
a ~ a. cnre nohing for
p 9laiol LIE bs tha namonranv ~ Innis-
tne pisnHes llane uy sto an, nn }be ot,Imp
.hna posl y, - 4ha hnnnst ndahtadnpaa ahn,Id
t...,. ho ,,d..tad heu forpet the nledgas
ever pe M M,abl,,, egyiao tnra ~ tha same
aae ~ H. M1hno on,,aad stata bnnda ~ ar
enscG, anu Wn.h j., uau ueI,,e ~ M these M
leeaee saeaely m ,,',,re nnrnncrats don't
sIloes, Inese parhs T. III deu i nj I'm ala.
SsIs III MihI y pi IT, - IL ,,,aduaa 81
Ialo Wien liley WI I., " ,nh ,nnapnna will ha
~ Waie allu ~ hoM s,,t nnen ,nan - a
pue ~ eho.ll - .liu 'uouA9, -
East Feliciana Watchman.l
1t Ia dishonest for a Democratic Convention
To- repudiate, for The reason that the Demo.
cratic party has repeatedly pledged itself
that, In the event Of the calling Of Consti-
tutional Convention, the State debt should pe
held inyiolate, and should be In no manner
disturbed. The Democratic party specif-
ieally pledged Itself to this effect III the plat
naners. which were recognized as the organs
III the party and which were mainly instr,l,
mental In ef1ecting q call for CONSTITUTIONAL
Convention, all bitterly repelled, as false
hood and calumny, the insinuat1On tnat the
object OF a convention was the Reputation oil
the State debt. Prominent among these, was
y was the New Orleans DEMOCRAT, when, IL
has been said with 81! the semblance OF truth
eddy asserted that the Convention, II called.
would not, In the minutest particular, inter-
fere with the State debt as TX and q deter
OF the Legislature In respect thereof.
The opponents Of reputation also urge that
such q measure will be fatally impolitic, for
the reason that 1T viii Brighten capital away
from our midst, and, by 80 doing. indefinitely
retard the development Of the unriyaied
natural resources q o,I uehL Vlu olaGe hn q.
noI oly puu ans+ fbarahv W. -
49, frtharmnra that II u ,,,,acps.
.a,.,i ~ ior r Tie reason that abundant provsion
n Y, lu ctn4a dah3 ia Nv M mann no innnnsiatant
9th b most liberal reduction of the present
WIN g 4axa+inn That q radnntinn = nf tbe
,,resant rate hv nearly one-half. will leave
pnesIng ro r H. ~ nrnvidinp for tha debt.
Al Thay eoW aiso that there Il great danger y
tnm,rrinn the odium of repudiation without
~ a..,aya this nav he Ca sincerelv hon,
+.nt a,,r dala~ates win az act as To nreserve
INA State rom dishonor and her citizens from
Iisrrann
uies iaoo fwabatar Tribunal
4,,,,h,,, ,,1ad,,ad 80 cto+o ond N.
w ais uoupay p,suEgI $1,000 an az nni+ina
people sln uu a',,,yont IF s,,r da1+ 81 uha
poMsIs - Ins az ~ an,ia IN tho Gonyantin,
hu.noAiCy $50 wv p ~ =, .ono ,rii 10 III,
going TO repualaIe Ine eApiesssg VIII y M rh
a9ple anu srle ~ nioataI an rnn,d,tin,
platform, and, therefore, are not authorized
to annul the platform which put 10 motion
the present state government. Iney seem 9
think the Democratic party mas no mora
principle, ana no regard WnaJeve E. ZOE III
pledges 70 the people. Inc party ls pieuge'
TO the Satisfaction . OF All legal opllgatlon
Issued by the State. Unless we can prov
the debt illegal, the people OF tnis state ar
bound morally, ana the Democl atlc party l
additionally bound, politlcally, 10 the pay
ment OF that debt
[St. Landry Dem
81. LANDRY stands to-day as she stoo
uhen the Convention met here In April t
nominate delegates To the Convention. Bn
nna canddate then came before the Conyen
finn ayowedly in favor of reputation of tn
State deht. He was VIGOROUSLY the mos
nopnlar man, personally, In the parish. II
Possessed every qualification necessary In
delegate; yet he was defeated on the frs
hailnt and for the ayowed reason that he wa
In favor Of population. Yet he never, unde