Claiborne guardian. [volume] (Homer, La.) 1877-188?, 1879-06-18
The Bonded Debt.
The Scare About Over Speculatione as 10
Results What Some OF the Delegates
Think.

Gossip concerning the bonded
debt has. in a great measure suoS'h'
ed, and the best informed are no"
convinced that no action VIII he TAX
EN- on either rypoit during tue
current week. An opinion
is also gaming ground that neither
rcport will be adopted, but that
COMPROMISE will eventually be reach
led. ii
Concerning the views OF some Oh
the delegates, there can bc no ms
take.
Two of them said recently: "lf we
returned To our constituents win,
ont having reduced the debt ana
taxation, we would run the riSH oi
being tarrrd aud tcathered ana riu
! den On "A rail.
One prominent dealer in securities
is OF opinion that the majority report
will pass one reading. and that t'liS
will result in conference between
the bondholdcIs aud the committee
AMI an eventual adjustment OF the
whole matter.
Ii is claimed for majority OF the
del, gates that they are not rtp'iula'
ZIONIST per 81. but they implicitly
believe that Il great portion oil the
burden must he lifted from the PEG
pl, before they can prosper. ana III
removing this burden they aIe any
iouS 10 act as fairly as possible.
I'm influential delegate expressed
the opinion that-thc debt would moi
only be- scaled to seven millions and
a half, but that the interest would
probably be reduced as low as tive
per cent.
He has championed the bond'
thruu. huut, and is one Of those wh'
signed the minority report, but tins
' is his opinion 10 day.
| \ meeting of the bonded deb
l committee WAS To have taken place
. last evening, but death III til" tam
, ilv of Mr. Bridgrr, of Caldwell, ant
. his return home. compiled with tn
, fact that the child. who died al
, "Wednesday. Is Il near relative q
. Captain Kidd, naturally prevented
D.. the transaction ut amy hnSlneSS.
Since the controversy over tn
debt, advocates at the majority II
uolt have been holding meeting II
most nightly III that portion "i III
Staichuu>c formerly occupied ID
the land office. Great care has bee
taken To prevent these discussion
f. from reaching the public, hnt rn"ng
II is aSccr;alnrd to Judge of Their tel
e or.
n The debates ut present progress
Al inu before the convention. II
.c Thought, il will continue ut lea'
Sc one week longer, but il iSnot though
If that speeches pro and con VIII II
,r tlurnce the vote 10 any great eXtrt
ne. one way or the other. The mos
l.. intelligent observers Il Times rrpr
sentative has been able 10 meet
49, and he has certainly seen and CO.
Vrlsrd with Il great nnmbrr-are
:. opinion that tins is still IL long an
bitten struggle before us on I'll
' question. and that the securities
- the State will undergo many wei
$50 STUDIES before the issue is finally Il
IS iu>tcd.
'n Some of them even think that II
re majority report will reach It's lin
OF passage before any arrangement e.
I'D hr made, but ,kplcSS coniidrn
u" that when the final adiournmc
IL takes place some understanding "
M he had mutually acceptable to TO
Ia houdhuldrr and taxpayer.
Ell. The members OF the Conventi
Of II present contemplate adionni
.., sine die on III" 10Th of July. 81 IN
Ton month more the question III
II, II" kept opcu.-N. q. Times.