davidaulloa/AmericanStories huggingface dataset:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-10

order that this may be understood, review
Of the funding legislation seems necessary
BY the provisions Of the funding law, State
consols were authorized to be issued to the
extent OF $1500O,00O, or 80 much thereof as
might be necessary, payable forty years from
the first day OF January, 1874, to bear interest
at the rate Of per cent per annum, payable
semi-annually In the cities Of New York and
New Orleans, on the first days Of July and
january In each year, interest coupons being
annexed to the bonds. The provision made
for the payment OF the principal and interest
OF these bonds, thus authorized to be issued,
was tax OF five and half mills, to be annu-
ally levied on the assessed value Of the prop
erty, real and personal, In the State. The
language OF the statute Is as follows:
THAT O tax Of five and q half mills on the
dollar OF the assessed value OF all real and
personal property In the State, Is hereby an
nually levied and shall be collected, for the
purpose Of paying the interest and principal
OF the consolidated bonds herein authorized,
and the revenue derived therefrom is hereby
set apart and appropriated to that purpose,
and no other, and that 1t shall be deemed a
felony for the Fiscal Agent or any officer Of
the State or Board Of Liqudators to divert
the said fund from its legitimate channel, as
provided, and upon conviction the said party
shall be liable to Imprisonment for not more
than ten years nor less than two. at the dis
erection OF the court. II there shall, during
any year, be surplus arising from said tax
after paying all interest falling due on that
year, such surplus shall be used for the pur-
chase and retirement of bonds authorized by
this act, said purchases to be made by the
said Board OF Liquidation from the lowest
offers, after due notice; provided, that the
total tax for interest and all other State pur-
poses, except the support OF public schools,
shall never hereafter exceed twelve and q half
mills on the dollar. The interest tax afore-
said shall be a continuing annual tax until
the said consolidated bonds shall be paid or
redeemed, principal and interest; and the
said appropriation shall be continuing an
nual appropriation during the same period,
and this levy and appropriation shall author
lie and make 1t the duty Of the Auditor and
Treasurer and the said Board. respectively. to
collect said tax annually, and pay said inter-
est, and redeem the said bonds, until the same
shall be fully discharged"
The statute was accompanied with consti-
tutional amendments, limiting the debt to
s15,00O,0Oo, making Its provisions part Of
the constitution, and providing, "That the
revenue OF each year derived from taxation
upon real, personal and mixed property, or
from licenses. shall be devoted solely to the
expenses Of the said year for which 1t shall be
raised. excepting any surplus remaining
which shall be directed to the sinking Of the
public debit"
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-10

when the present administration came into
power the Board Of Liquidation under 1t,
finding the existence Of deficiency In the In
terest fund Of the previous year, and DESTROYS
Of protecting to the full extent OF it's power the
credit Of the State, made an arrangement
with the Fiscal Agent, by which 1t assumed
the obligation Of taking up and holding for
its own account some Of the coupons OF In
terest which would remain unpaid for the want
OF collection Of sufficient funds. The charac-
ter OF this arrangement and the circumstances
under which it was, made were as follows:
The fiscal agency was established by the Sec
ond section of act No. 8 Of 1874 (the funding
act, and its rights and duties will be found
enumerated In that act and In acts Nos. So
and n of 1877 and act No. % of 1878. The act
creating the position is signally silent as TO
any duties to be performed by the agent.
When the present administration came In, it
found the position Of Fiscal Agent one of
great advantage and profit to the agent, but
with no compromising obligations towards the
State. With this condition of the duties of the
Fiscal Agent, the State government also found
not only the January coupons of 1877 unpaid,
but large number of deferred applications
for funding, which made 1t certain beyond
doubt that the funding Of these bonds would
so increase the volume of the funded debt,
that the coupons Of 1874, 1875 and 1876, at
tached to the bonds to be funded, would not
be promptly paid.
The government was entering upon its du-
ties under the most adverse circumstances.
The people poor, outstanding personal in
IoHfo lar ,s.l r,,l
cipal affairs suffering from the mismanage-
ment and spolIation OF the past, the books Of
the State had been distracted, and the opera
tions OF the government retarded for causes
not now necessary to recapitulate. Under
these circumstance the Board q Liquidation
WIS called upon to elect . Fiscal Agent. The
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-10


class Of warrants, whilst others equally as
meritorious remain unpaid and are forcibly
deprecated thereby. Besides these objec-
lions, the provision virtually does injustice by
allowing interest on certain salaries and not
on others, and by permitting this interest to
run on the whole amount advanced by the
Fiscal Agent, until the deposits in his
hands, to the credit OF the general fund,
accumulate to the sum adequate to the
payment of the entire advance with interest,
instead of providing for the restriction of the
advance and consequent ratable stoppage of
interest by the deposits to the credit Of the
general fund in the hands Of the Fiscal Agent
as they are made Should you desire or deem
it absolutely necessary to provide a certain
means OF payment for the services and claims
which you may deem essential for the carry
ing ON OF the government, it seems to me you
could better accomplish this result by placing
all claims which may be considered of that
character on the same footing, and directing
the proper officers to set aside from the gen.
ervl fund, as it accumulates, an amount suffi-
Gent to insure their payment.
The bonded debt of the State now amounts,
in consolidated bonds. to s11,724, 800; estima-
ted amount yet to be funded s4s8, 100; general
fund warrants tKellogg's statement, $685.
100 90, as reported to me by the Auditor. The
collection Of revenue from the FIVE and half
mills tax not having been adequate to the
payment Of the interest coupons due on the
first OF January, 1879, they have remained
unpaid.
Deeply as deplore this result, WAS pow
erless either to avert Or remedy It: and in !
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-10

bodies OF armed cOlOred men parading through
the parish are variously estimated from 1000
to 1000 men, whilst the whites seem to have
been totally unprepared. The fears enter
tanned by the latter of general bloodshed and
pillage, l am satisfied, were fully justified by
appearances, and were beyond question tho
roughly real. Their completely defenseless
condition demonstrates at once the folly and
wrong of the original act which brought
about the situation, and also the fact that it
was unexpected. cannot conceive that men
could wantonly and deliberately place the
lives and property Of their fellow-citizens In
such peril as they were then in. Assistance
was Immediately called from neighboring
parishes, and when it came it found the peo-
pie OF Tensas, white and black, almost SOL
Idly arrayed against each other.
1t needed but spark to ignite the train, and
IL was given by the firing of body of colored
men upon party, under the parish Judge,
proceeding to put an end to the armed de-
monstration. This fire was returned, and
from the best information can receive sew
eral persons were wounded, but none killed.
The return fire caused the negroes to dis
perse. In the meantime a negro set fire to a
gin In the neighborhood of Waterproof. con-
tanning seventy bales of cotton. 1t is asserted
that this was a preconcerted signal for a
general rally OF the colored people. This man
was afterwards, by some persons unknown,
found and killed. This, together with the
killing of another negro. also by persons un-
known and for cause unknown, were the
only lives taken at that time that have
heard Of.
The strife thus recklessly originated in the
parish Of Tensas spread to the parish Of Con-
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-10

requirement by the Fiscal Agent, as q condi-
tion OF his resignation, OF the payment OF the
sum for which he was In advance has been
harshly criticised, and it has been asserted
that It's being insisted on prevented the sub
stitution, In his place, Of q new agent, who
would have advanced the January interest
had that condition been waived. Had
the Fiscal Agent made this waiver
tuition of new one. whose sole
obligation would have been to pay the Janu-
ary coupon Of 1879, 1t would, In accepting the
resignation Of the present agent, have neces-
sarily released it from all its obligations en-
tered into at the date Of its election; hence,
the coupons OF 1874, 1875, 1876 and 1877, upon
bonds not yet funded, but which will have to
be funded, and which are now secured as to
their payment by the arrangement as afore-
said with the Fiscal Agent, would have been
Immediately uncovered. and the attempt to
secure the January coupon would have been
at the expense Of the coupons Of former years.
Such proceeding on the part Of the board
would have been utterly uniustifable. The
legality OF borrowing money to pay the JAN
uary coupons OF 1879 was considered by the
board, and the conclusion was reached that 1t
had no such power. The funding law provides
the method OF and the means for the payment
of the bonds issued under it. There Is no ex-
isting legal power or authority granted to any
enc to substitute method and means OF pay
ment Of these coupons and bonds, other than
that provided IN the act Of 1874. The Board
Of Liquidation y not committee q ways and
means 1ue ~ Statss but - oily osrtain
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-10

HuuDer OI CASES Ii tdkeu aaVAntd8d VI "
those whose situation calls for no indulgence.
think experience teaches that that revenue
system is the best which, after the amount 81
revenue has been fixed at the very lowest
possible point, affords such remedies as render
the collection OF the revenue absolutely cer-
tain, thus equally distributing the burdens Of
government, thus saving increased exaction
from the willing because OF the delinquencies
Of the unwilling. The men Of smaller means
usually recognize their duty and perform 1t, Z
and the benefit Of lax system OF collection
generally enures to the advantage Of persons
who are able to pay, but do not do so II they
can avoid 1t. 1t seems TO me that the present
remedy Of paper sale or transfer Of title to
the State, with period OF two years
right OF redemption, is illusory as . means
Of enforcing collection. An Intentional de-
linquent looks derisively on such proceed
ing. followed, as 1t Is, by no change OF pos
session or indicia Of ownership on the part OF
the State. There is. am told, large amount
OF property In the State, assessed as that Of
unknown persons, which has escaped the pay
ment OF taxes for years. The legal title OF
this and other property has been in the name
Of the State, and yet no adequate remedy has
been devised for making 1t available. think
Legislation should make 1t the duty OF the
proper State authorities to take immediate
corporeal possession Of property SO situated.
and think also that some legislation should
be devised, giving q right, surrounded with
proper limitation, to like possession In cases
Of other delinquent property as means OF
the prompt payment OF the current
lakes, and that this right Of possession should
be allowed even before the period Of redemp-
lion, and that the State should be entitled to
dispose Of the property, by lease or sale, by
notarial act, subject to right Of redemption.
but accompanied by such remuneration
b addition to the price paid to the
State = win hold out IN induce
Daily globe., 1879-04-30
Dated April 9th, a. D. 1879.
86-109 ORLANDO sIAIONS, District judge

OTATE OF MINNESOTA, RAMSEY COUNTY
y District Court.
Ira De Graft, plaintiff, versus Henry S. Farchd and
Elizabeth M. Farchild his wife; Lewis Fairchild
The Pioneer Press Company, Gustav Wius, A.
Gotzan and William Funk, former partners as A.
Gotzan 4 Co., G. s. Uline frank FarchiId, Julia
f. Greenleaf, as eXecutrix of the will of D. G.
Greenleaf, deceased; Julia F. Greenleaf and Emma
Louisa Greenleaf, defendants:
Notice is hereby given, that under and by virtue
of Judgment and decree duly given and entered in
the above named court in the above entitled action
on the 18th day of April, A. D. 1879, directing the
sale of the premises hereinafter described to satisfy
the amount found and adiudged due to said plaintiff
in said action, to-wit: Five thousand, seyenty-nine
and 40-1G0 dollars debt, costs and disbursements,
duly certified transcript of which judgment and de-
cree has been to me duly delivered, I will, on
THURSDAY, THE FIFTH DAY OF JUNE,
A. D. 1879 at ten O'Clock in the forenoon of that day.
at the front door Of the Old Court House, in the City
and will sell at public vendue to the highest bidder
therefor, for cash, all the following described real
estate situated in said county and described in said
Judgment, to-wt: The east half of the southeast
quarter of section nine 9 the northeast quarter of
the northwest quarter of section ten, and the north
west quarter of the southwest quarter and the south
east Quarter of the southwest quarter both of section
three (3), and all of the foregoing in township
twenty nine (29), range twentythree containing in
all two hundred acres, according to the government
survey thereof, together with the heredaments and
appurtenances to satisfy, SO far as may be- the said
sum, SO as aforesaid adjudged due, together with the
costs and disbursements of this sale.
Dated April 18th, A. D. 1879.
JAMES KING,
WILSON Il GALE, Sheriff of Ramsey County.
Plaintiffs Attorneys. apr 23-7w-Wed
Daily globe., 1879-04-30
New York Produce Market.

NEW YORK, April ~.
COTTON-Quiet; 115sG011alc: futures steady.
FLOUR--Steady; receipts 1000 barrels. Superfne
state and western S525@3.65; common to good extra
3.6u03eO; good to choice 3.95G14.5D; white wheat
extra 455D5 IS; extra Ohio 3. .70Gl5.0O; st. Louis
3.s0@5.75; Minnesota patent process 5.50@7.5O.
GRAIN-Wheat, dull and lower; receipts, $4,000
bushels; rejected spriEg 75 076c No. spring Gle; !;
ungraded spring csc; No. spring 9ac0S1.02; un-
graded winter red 1.O601.12; No. do %; No. 2
do l.1311.131l; No l do 3l4@l.131s upgraded
amber 1.O7Gl1.11; No. 2 amber 1.10hl !; ungraded
white o99l.lo; No do 100; No. do sales II 1000
bushels at 1.1OA@D1.1oh. Rye quiet; No. west
ern 56@o57c. Barley dull. Malt dull and nominal.
Corn, quiet; receipts 81 1000 bushels ungraded 421
@14Ec; No. 5, 42042hlc; steamer 43043l4c; No.
2, 4324@44c. Oats demand active; receipts 10000
bushels; No. white SAC; No. l do. Soc; mixed
western BIZ @33c; white western 3403Sc
HAY-Quiet and steady; 40G45c
HOPS-Du[.
GROCERIES-Coffee dull. Sugar, quiet. Mo-
lasses easy. Rice nominal.
PETROLEUM--Quiet; united 74's 0755Sc; crude
71a0l9c; refined $1GS5s.
TALLOW-Active; 63s@6lac.
TURPENTINE-Dull ct S1.S001301s.
PRORUCE-Eggs, firm; western l11aGl12c. But
ter, dull; western 50l9c. Cheese weak; western
2@Sc.
PROv1s1ONs-Pcrk, mess $9.1019.15 for old
10 .25 for new. Beef steady. Cut meats nominal
| Lard, weak; prime steam S6.22la.
Daily globe., 1879-04-30
MONEY AND TRADE.
FINANCIAL.
Money and Stocks.

New YORK, April 90.
Governments firm.
Railroad bonds generally stronger; Cleveland, Co
lumbus Indiana Central advanced sharply Oh Judge
Harlans decision, but the improvement was not sus-
taIned; Toledo Il Wabash equipments rose 10 per
cent to 80 reports that the present direction would
do something in their favor.
State securities dull
Stocks--The market fairly active, but some
What irregular. The greatest advance was in Kansas
Pacific, which sold up to 5S4 against 81 last night.
Toledo 4 Wabash conspicuously active, advanc-
ing from 3221 to 34ls, and reacting to 322s. st.
Louis, Kansas City 4 Northern strong, selling
lp from 13!a to Is for common and from 1914 to 41A
fer preferred closing at 142i and Al respectively.
The rest Of the Southwestern shares were about
steady Granger stocks were strong and advanced
A@lA Per cent. for the day. Coal shares were
somewhat weak, and closed with decline of 14@5s
per cent. The general list inactive on small
fluctuations. Cleveland, Columbus 4 Indiana Cen
trail rose z per cent. to 7, fell Off to 7 and rallied
to SIS.
At the close transactions aggregated l6S,CO0 shares
OF which 1000 Eric; 1900 Lake Shore &
Michigan Southern; 600 Toledo 4 Wabash; 1900
Chicago & Northwestern common: 2000 Chicago {.
Northwestern preferred: 5000 Milwaukee " st. Paul
common; 5000 Milwaukee & st. Paul preferred
1900 Delaware, Lackawanna Il Western; 3,4G0 New
Jersey Central; 1000 Michigan Central: 5000 Union
Pacific; 5000 Cleveland, Columbus 4 Indiana Cen
trial: 5000 Hannibal & st. Joe; 5000 Ohio & Mis-
sissippi; 1000 Western Union; 5,4D0 Kansas Pacific
$4,000 st. Louis. Kansas City 4 Northern; $4,000
st. Louis Il Iron Mountain; and g. 900 st. Louis 4
San Francisco.
Moneyeasy at 3Ib4 per cent.
Prime mercantile paper A015 per cent.
Sterling Exchanges long, Sc; short,
s72!.
Produce exports for inc week, Sc, 957, coo.
The following were the closing quotations
Daily globe., 1879-04-30
Chicago Produce Market.

OHICAGO, Apf1l29.
FLOUR-Steady; fair demand.
GRAINWheat, fair demand, at lower rates; No.
Chicago spring yG@9l4lc cash; 9Ohc May; 9l5sc
June; No. Chicago 77Nc; rejected 64Ac Corn,
good demand, at lower rates $3.50 cash; $3.50 May
35c,June; 56c July. Oats, fair demand, at lower
rates; 24a9sc cash and May; 2516@2514c June.
Rye frner; 1870. Barley dull and lower; $50
&c
PROVISIONs-Pork dull, weak and lower; 9.45
cash and May; 9.521z0l9.55 June; .65 July. Lard
heavy; 5000 cash and May; 6.02h GD6.O5 June;
607N@6.10 July. Bulk meats dull, weak and lower;
S3.55Gl 4.600D4.8O.
WHISKY-Steady and unchanged; S1.04.
RECEIP CS-A,O03 barrels flour; $4,000 bushels
wheat; $4,000 bushels corn; 79,t0O bushels oats;
2,2O0 bushels rye; 5000 bushels barley.
SHIPMENTS GOO barrels flour; 100000 bushels
wheat; 1357O0 bushels corn: rs 600 bushels oats;
1000 bushels rye: 11,0GO bushels barley.
CLOSING PRIZES.
GRAIN-Wheat dull and shade lower; 902lc
May; 918Gl91lac June. Corn dull and lower; de-
clined &c. Oats stronger; 2thc asked May; 252s
asked June.
PROVISIONS-Pork unsettled and lower; $9.35
bid May; 945 June; 955 July. Lard heavy and
lower; S5.97la May; 5.97h bid June; 6 July.
Daily globe., 1879-04-30
LEGALs.
ATE OF MINNESOTA, COUNTY OF RAM
sey-ss. In District Court-Second Judicial Dis

y sey-ss. In District Court-second Judicial Dis
trict.
The German American Bank, plaintiff, against
William A. Ewing, formerly known as William G.
Ewing, and Gertrude B. Ewing, Lis wife; Louisa
Strrgis, widow Of Charles +. Sturgis deceased; B.
D. Minor, as sole executor of the estate of William
4. Ewing, Jr., deceased; Minnesota f. Tytus, and
John B. Tytus, her husband; Mary G. Ewing,
widow of George W. Ewing, Jr., deceased; George
". Ewing, third; Mary L. studabaker, and Peter
studabaker, her husband; Lavinia A. Bond widow
OF Charles D. Bond, deceased; Catharine Z. Kerns
and Eli Kerns, her husband; Mary Sturgis, widow of
William Sturgis I'd, deceased; Susan Huggins and
Howard Huggins, her husband Lavinia H. H.Holladay
and Jesse Holladay, her husband; David B. Hood
and William e. Hood, N. D. Clark and Miletug s.
Clark partners as N. D. Clark SsCo., Jesse Holiday
as trustee of said George W. Ewing, Jr., deceased
and Jesse Holladay,a trustee of George W. Ewing,
deceased; Homer c. Hartman, as assignee in
bankruptcy of George W. Ewing, Jr., and William
b. Smith, partners, as Ewing, Smith & Co., Jacob
Emma s. Prince his wife; Martin spahr, frank
funk, Jr., William Dawson, Robert A. Smith and
Albert Scheffer, partners, Dawson & Co., Robert
A. Smith and Mary E. Smith, his wife, and Her.
man Greve, defendants.
The State of Minnesota to the above named de-
PENDANTS:
You, and each of you, are hereby summoned and
required to answer the complaint of the plaintiff in
the above entitled action, which has been filed in the
Office of the clerk of said court, at st. Paul in said
county, and serve copy of your answer to the said
complaint upon the subscribers, at their Office in St.
Paul, in the County of Ramsey, in the State afore-
said, within twenty days after the service of this
summons on you, exclusive of the day of service,
and IT you fail to answer the SAID complaint
within the time aforesaid the plaintiff will apply to
said court for the relief demanded in said complaint.
st. Panl, April Goth, 1879.
LAMPREY & JAMES,
Plaintiffs Attorneys, st. Paul, MINI.
Abr 3O-7W-Wed
Daily globe., 1879-04-30
CONTRACT WORK.
SEWER ON THIRD STREET,

OFFICE OF THE BOARD OF PUBLIC Works,
Cry OF ST. PAUL, MINI, April 10, 1879.
Sealed bids will be received by the Board of
Public Works in and for the corporation of the
city of st. Paul, Mimi, at their office in said
city, until IL NJ. on the 1st day of May, A. D.
1879, for constructing sewer on Third street,
from Wabashaw street to Minnesota street,
in said city, according to plans and specifca.
tions on file in the office of said Board.
A bond, with at least two sureties, in sum
of at least 20 per cent. of the gross amount bid,
must accompany each bid.
The said Board reserves the right to reject
any or all bids.
Official: GEO. L. BECKER. President,
r. l.. GoRs1AN,
Clerk Board of Public Works,
96.706
Daily globe., 1879-04-30
RED WING NEWS.
Scattering rains fell Yesterday.

persenol inspection of the crops for
twenty miles south of Red Wing, through
Goodhue county and into Wabashaw county,
gives the following results: The grain is all
in and in good shape. Much of the wheat
aud oats are already sprouting, shows evenly
on the ground and has good color. On
very dry or sandy lands. rain is needed, not
only for the wheat already started, but also
to sprout the kernels which remained near
the surface and which have not YET sprouted.
The acreage is little in excess of that Of last
year.
Our city election took place the 2Sth.
everything passing off quietly. Little or no
political significance can be derived from the
result, as Democrats were nominated by Re-
pablicans. and vice versa.
The following are the unofficial figures of
the vote, and substantially correct:
III
Daily globe., 1879-04-30

Trains to and from st. Paul and Minneapolis are
run daily except Sunday.
Palace sleeping coaches all night trains between
St Paul and Fargo, also between Duluth and Fargo,
Passengers leaving st. Paul or Minneapolis at 5: 40
p. m. reach Fargo for breakfast next morning and
Bismarck the following evening.
Connection made at Bismarck with tri-weekIy
steamers for Fort Benton and all points the Mis-
souri, ard Yellowstone rivers, and with stages for
Deadwood and all points in the Black Hills, also fer
Fort Buford, Standing Rock, Fort Keogh, Tongue
River and intermediate points, and at st. Paul with
trains to and from all points East and South.
In effect April 21st, 1879.
H. E. SARGENT, General Manager.
G. g. SANRoRN. Gen. PASSENGER Agent.
Chicago, Milwaukee s. ST. Paul Railway
Passenger Depot foot Of jackson street. Ticket
and Freight Office Southeast Corner of Third an d
jackson streets. Thompson Petsch, Ticket Agents,
st. Paul.