The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-29
Passage Of the Resolution Instruct
ing the Treasurer Not to Pay
the July Interest on the
Bonded Debt.
Further Reports From the Committee
on State Debt-The Minority Pro
pose a Substitute for the
Majority Ordinance.
A Long and Animated Discussion on the
Subject Of Outstanding Warrants
No Final Vote Reached.
SATURDAY, June 28. 1879.

Observation-Disclosures SATURDAY, June %. 1877!
Tha Convention was called to order at
o'clock q. m, the Hon. Louis A. Witt, Pr
nd dent. III the chair and Is members present.
On Delegate Allan rose to a question Of pr
,lepe. The Picay,sne had reported that
had been elected from the chafrrnanshlI
I'LL the Republican caucus. He proceeded TO
yal view his acts since he had been In the v
y 1t yentton, and asserted that there was 81
tempt Oh the part of the white meneob
y, his party to destroy his influence.
wv ~, his r,ergigtent efforts to advance ysa,
on ofihis race. .,,,.o,,
BY Delegate Howell ~ feports Of the
n whereas, from the s sn,s a az tra aom
~ proceedings Of the sveafants. Certificates
ace other sources Lisa, ehd other evidences
of ire s sharaalio from tSis ocharaeter Of
one hnna1sefIrsf toWard I'd the Payment oi
~ aecnrltiss On Orleans; - " 800 80
the s Committee o1 pnanse b.
n, Rsted fes q ths above species Of property.
49, rahg aNIbf exchange. In order that the next
1teepy6fe may havte, full authority given to
II Thu tfoviding for additional revenues for the
d sand city, now so much needed.
y lBy Delegate Simon-Relative to collection
eN taxes and relief TO taxpayers.
Il BY Delegate McGloin- That all action taken
BY the Convention on the subject Of the State
debt be submitted to the people for ratifica-
ton, In a separate ordinance.
INTEREST ON STATE DEBT
Delegate Lofts resolution, prohibiting the
State Treasurer from paying any further in
terest Oh the bonded debt until the Conven-
tlon grants the necessary permission, was
brought up.
Delegate Bridger offered an amendment,
which was accepted, to include In the resolu-
tion restriction upon the Auditor and Fiscal
Agent as well as the Treasurer.
Delegate Lott urged the passage Of the
resolution. The Convention was now engaged
In considering the question OF the State debt,
and until that was settled and the amount
that the State owed was definitely ascer-
tanned, 1t was improper to pay out 100000 10
now considering II 1t was due or not.
Delegate Caffrey was opposed to the resolu-
tiOn. 1t was a species OF legislation that was
dangerous In the extreme He did not be-
lieve that the Convention had the power to
GERS the responsibility OF determining whether
they should give effect to the law OF 1874 or
the resolution Of the Convention If it should
be adopted. He hoped the resolution would
not pass.
Delegate McGloin was opposed to the reso-
tuition. He did not believe that the Conven-
tion had the authority to stop the operation
Of the laws in the manner proposed. He
stood where he had always stood, by the ma
Immense majority. But this resolution pro
posed to stop the execution Of b law before
the people had passed upon the act Of the
principle. II the resolution should be adopted
the only effect would be to bear down bonds
four or five points. 1t would be In the
interest OF bond spectators solely. He ex
onerated the gentlemen favoring the resolu-
tives, but he did believe that it's operation
would be In the interest Of the brokers'
Delegate George did not believe that the
Convention had the power to give force and
terfere to prevent the execution Of existing
laws, and he hoped the resolution would not
be adopted.
Delegate Bridger hoped the resolution would
prevail. II would lead directly to the settle
ment Of the debt question, as 1t would throw
the matter into the courts at once. The bond
holders did not dare to face the issue and 20
before the courts. He commended that the
constitutional amendment Of 1874 was never
ratified and promulgated, and believed that
the courts would SO hold If the case was pre-
scented to them for solution.
Delegate H0ugh was opposed TO the resOlu- |
ton. He did not believe that the Convention
had the power to suspend the operation Of an
sideratlon Of the resolution be postponed |
until Wednesday, next.
Delegate Lott claimed that the Convention
had full power to pass and give effect to the |
belong to the bondholders or the people? It |
was claimed that the money belonged to the
bondholders under contract This contract |
was exactly what he desired. The money
belonged to the people, and to them 1t should
be secured. Charges had been made that
napnhnra infAralfa6 in THAR urtnc
the matter Of the State debt and were under
corrupt influence. III there were such MEM
bers the Convention should be purged Of them.
As soon az the pending question was deter
ton by Offering a resolution for the appoint
ment Of committee to investigate the
charges.
Delegate Lagan thought the question OF
the debt should be settled at once. The peo-
pie were beginning to smell "a very large
MICE" Charges had been made that the ma
jority Of the State Debt Committee had be-
come shaky. It was time to meet the issue
and settle It finally.
Delegate Gaskins called attention to the
fact that If the motion to postpone was
adopted the money would be paid out before
The article was again considered.
The motion topostpone was voted down.
The question then required on the passage
il the resolution, upon which the yeas and
nays were demanded, resulting-yeas 60.
lays Sc. The vote in detail was as fol
oWs:
Yeas-Delegates Babcock, Baskin, Bienvenu.
Blanchard, Bourgeois. Bridger. Brian. Bulger.
burton. Byrne. Carey. Golvin: Cunningham.
Davidson Of Iberville. billiard. Easterly. Elan.
faulk. Forman. Gardner. Gaskins, dirard
au IS HayaTd. Henry Ct Cameron, Henry
,edy, Kidd. Kirkman, tagan. Land. Lott.
4uckett Mentz. Moore Of 81. Landry, Mupaay.
SuR vs os Ro o se s%on s kd
ackson, Smith Of st. Mary, Btagg.. Stamps,
Webb. Williams Of Terrehonne.
Nays-Delegates Bell. Bebie, Bolton, Breaux.
davenport, Davidson Of Claiborne. Davis,
)emas. Diekerson. Edwards. Estopinal. Favrot,
George Grimes. Hough. Howell. {
astremski. Kernochan. King Knqbloek. !
IarshaIl. Matthews Morelaud Mcconnell. Me- :
Holm. Olivier. Pardee. Parlange. Phelps Poche.
tewart. stilie. Strovich. Thompson Warmoth.
Watkins. Wells. White. Young Of Concordia. I
Delegate Blanchard explained why he voted {
4 the affirmative The Convention was now !
ngaged In considering the question Of the