The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1879-07-05
the SITUATION
t6HNHsTLY cONslDERED.
fNew orleans city ltem.l

rrssTLr cossIOERED.
New Orleans City ltem.l
Your committee On behalf OF our
Oppressed citizens respectfully
eYkat % y NO use for the people
u j(sw Orleans to sGss 1T the psgot
ta1lpl9 - they leave the buug ont,
auA eoutinse 10 pAy interest on
sbswt : $1O. QUO, 600 of junk-shop
b0ndS. for which they got little
fers po value received; aud which
waee issned by lot Of vagabonds.
wBo bad no more legal or constitu-
tiuasl right to issue them than
gseg of burglars would have to
break into u merchant's counting
roO&, take possession of his books
ard papers, and issue promissory
| notes IN his name to the amount
- $40, 000, 900, aud then peddle
tsttm around for whatever they
Iak4y bring. e 9i5
Hhe a,tempt 10 cover mp this
He's. s6op operation by funding
e6s bonds into premiums,s does
n& improve the case, as premium
bands now sell Ut about twenty
fise cents on the dollar, with a
s11r prospect of soon reaching to
pdr with Confederate notes. % /
iIu view of this stats. vi affairs it
wDuld appear to be in order to
caIl on our Mayor and Admins
ssAt 6rs to stop paying the interest
Les these premium bonds. They
we6v not elected to make them
| sites parties to this iunk-shpp ar
tnhgement. which is fart absorbing
~ the business cash capital Of the
oily.
Are thexpeopls of New Orleans
prepared to bsdi1sen out Ut house
aud home, and reduced to = state
a barhsrism, by servile obedi-
ence to the forms of law upon
which these bonds restf If there
are no forms Of law tn save them
from this impending fate, let them
20 to work, without delay, and en-
act some that will save them. bear.
ing in mind that the thieving forms
Of law that are now stealing every
dollar they make, and dragging
them into debt, were forced OH
Z them by the alien carpet bawgers,
and are now kept up in full.force
and operation by domestic scala.
Ways and dea,l-bsats ON the public
treasury.
The people of New Orleans have
done well in wiping out the carpet
baggers. Now let them finish Tx
other half of the job, and wipe cut
the scalawags. 1t will not satisfy
the people to be told about the
brilliant prospects of their public
credit. No sensible people viii
tamely submit to have their private
credit ruined and their private bust
ness crushed out of existence, b,
unbearable exactions in the foru
of taxes to pay interest on fraudu
! lent bonds, for the mere purpose
of keeping mp the public credit Il
a suitable point for stock gambler
to speculate upon.
The stock gamblers and junk
shop brokers have ruled the STATE
and city governments for years
and will continue to rule them q
long az the people will permit then
to do it, or uUtil they press upoI
their representatives in the J egis
lature the absolute necessity o
passing some stringent forms o
9 law that will make it very unwhole
Q some for public officials. to misap
propriate public property.
u The irrepressible conflict betweel
all the dishonest elements of. financ
On the one side, and ali the honest
industrial and proprietary element
of the United States on the othe
| side, will have to be settled within
the next three years. This con6ic
will not be confined to any partis
u ular section of the country, bu
y will spread through all the State
: to q greater or less extent. Th
people of the North and Yves
|. have Just discovered that Will
= their attention has been, of lst
years. earnestly directed 10 tn
"Eouthern rebel" and the poo
eolored man." some fsllows hs
slipped up behind them aud picl
}, ed their pockets. by patent 6nsz
= cial process. to which they wes
3 not paying attention At the tim'
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