The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-01
good reasons and there were many more


delegate HERON Insisted that Baton Roug
] nag been 1ully tried as capital city and ha
peen 1ound TO possess every advantage an
quhlty desirable. The people were satistie
with II. and had voted down every proposi
ton tor change. New Orleans possessp
; many attractions. No one was more willlu,
tQ cOncede this than himself. The hOspitalit
| OF her citizens, the beauty of her women, tn
many atlllrements OF q residence here, h
frankly admitted; but these manifold attrae
lions were not such as to act favorably upol
legislation. They drew members away from
their seats, and In every way retarded tn
Pnblle business. II the capital was retained
10 new Orleans II would be necessary iii tim.
70 erect @ State-House that would be an hono
&c, 20 the State, costing large sum Of money
i IL mis- was another reason for the removal. Ii
the interests OF reform, good government ane
proper legislation, he hoped the Convention
would adopt the article under considera
| ton. z
-, Delegate Mcconnell rose to address the
Convention against the article Pending his
remarks the special order OF the day. BEING
the further
| CONSIDERATION OF THE STATE DEBT.
was called up. Further consideration of the
report OF the Committee on General Provi-
SloDs was postponed until the State debt
question was disposed Of, when It was to be
again considered Delegate Mcconnell being
entitled to the floor s.9Ne 'ooA's
ne ordinance reported by the majority of
already been published In full In the DEMO-
GRAFT.
The ordnance submitted by the minority of
the committee was then read:
!. BE- It ordained. That the principal Of The
consoIida,ed bonds issued by tbs State is de-
main invioate. -
2. Be 1t further ordained. That the interest u
same Is hereby. fixed ct Der cent d. annn ~
for the period Of five years from the first ipv
q January. 1880. and at 4 per cent per annnm
2. Do t further ordained. That the holders If
said consolidated bonds may at any time IRE |
sent their bonds to the Treasurer of the State. |
eity OF London. and tie said Treasurer 81 s or
stgen5 e. 1he tb hasa may be- shall ndorse
,a per t fent Pc apnum for five years, and per
+ + Be i further ordained. That the annual five
,0nds as authorized BY law be and the same ID
lereby reduced to three mills. ,>'e1.'
:, Be i fnrther 9rdained That the Of
ary, IN the year 1880. be and the same is hereby
emitted. and any interest taxes collected to /
1eet said COUPONS are hereby transferred TO /
1e account Of the general fund to defray tie !
expenses OF the State government !
Delegate Lott moved the adoption Of the '
lajority report {
Delegate Caffrey moved to substitute the
Dmmittee
Delegate Lott said the two reports repre- il
,,nted the extreme views of the COMMITTEES. b
ne committee desired d fair and direct vote d
pom the two ordinances. # both were voted Il
1Wn the Convention could proceed to adopt D
me independent proposition. With these Y
marks he would give way to Delegate CAT s
ey, who would explain the ordinance sub Il Il
Tilted by the minority a.
Delegate Catfrey explained that the minor N
Y ordinance lii the first place Recognized the u
CO Of the debt, thus maintaining the honorit th
d credit Of the State. It then provided for 90
9 relief OF the people by reducing the rate ". ~
interest. and providing that no Interest a aa
lateyer should be paid for the remainder Of ~
present year, beginning with the first Of au
~. He hoped the Convention would take ps
consideration the serious nature of The IN
estfon In casting their votes, and go vote tl
70 preserve the honor and integrity Of b
Delegate Robertson ofrarad ll1..,.
ostltnts by strlkinf 3bst direc Mo pate
)alass11l Seln. according to the agreement