The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-08
THE NEW ORLEANS DEMOCRAT, SUNDAY, JUNE 8 1879

mn
-
-.- 49,
nrog n, lor We g ni
the Da,,tarer ,,g ~ .M
the hnlaara alnna s,,ffar liz III c1psa ~
and tba Ststa ainna ram the hanetit frnm the
,iiero sules ~ lr hul thnra
~ asc.v ~. y, go, -
ntre,,s ne,e.ins,l mo1 ~ -" -
eeIvus ~ - ror,r+ ~ gontlaman
s.la "a roo Nnstharn Ralroad Cam
y,a,,s, haainr r. tha States trust Ynds
pa ar ad s,Sdas ~ ~ II # s7a ana the
w With nV two Ines fnliowine make tfe amount |
Szoovuu, unh so and = Tho nciaant IL
aood asen,nia * tba annarentIv snerficia
gooa saae ~ se tbe aanileman HAVE
,asde sTba'r ,nintaha nrohabv arises from
ne Iacs thas 1ney ~ g II t III HaT
uLes llu ny ,a,1.t ,eae,na o. and al hut
Wg y. h, p,sat e,a NJ ~ - ~ III.
t a.e =, rothsr crIa,,s and varv serious typo
graphical era9p We aora e facta If The
mn. W., trhis ncdenf ,naranver would seen1
-, SNOW that the nentIemen had made no
tp,rn,,~h invaatiuatIon ~ The traas.Irv "a
coTas q tne grahsa, n]t racard II the var,
,,a isn,,aa ~ invoa bonds are equally axtraor
9 Ginorn and thair Decentralization of figures
| u ..ia y .,nt,,ns., Thua with rnforanca RI
W. A. isa,,a ~ Ii o 1 Under at No. 35 81
i rusyi had been nledred ID various partiegl
ar reee,ned With stafe notes. authorized To-
~ ,.sSa1i I ~ a NJ M ~ 1s6S and having
found their way into the treasury M
al the sognewhat specious phraseolo0y OF the
| first nararranh. which tentis ID convey the
incorrect impression that act No. 5 OF 1856 spe-
cIallv authorized an issue of State notes Tor
i
facts 81 Tie case seem to have been sadly mis-
taken. The s7OoooO OF bonds ala .find their
way Into the treasury" but not as "re-
deemed lot. being really q special deposit
amount OF State notes aduanced the lsvee
cam missinners Al nleflra of tha honda. nd the
geatIemen would have seen BY q perusal
81 acb No. lii 81 1857. the act 81 Legislature
M Msn these t IDENTICAL terms. Moreover The
reissue was unconstitutional as creating
new debt : (without) adequate means
ennpiy y serious error The State notes were
f,1ily provided for by their Oriulnatinu act,
and the bonds. themselves, when refssled I'M
der subsequent acts Of Legislature, were en-
Therefore, as Il current interest and eventual
payment had Still ali the benefit OF the terms
81 Their originating oct. The principal point
upon which the constitutionality Of these
q 1ber e.
,t3nn XII tha effect ~ certain mt ~
tba T.apialafnre M ia of1se7 which. strange
- tn 1aw the Iantlaman do not even mention
" RnR there Ia stilI another nnint 81 view from
whah h ' thay = s e 10 have p Wholly failed to
annsidor tb,a iss,,a Adenmanu nr naden,nacv
- I,ras,iainn va "a nnnst ran,emhar That
oin1nat auar,, nnrt,nn 81 ~ hiatnru occurred
diractiv thrn,lah nemncratIc Ierislation D.
!, 80 ,ar sMe1 nn ~ nnsdaring THAR amhsa.
na,t snnsnn oo " saunnfu.a.van cants IN
Nv doi,ar srhat 1'rinr fn,,y innsy uears tho
,,ee,s had noan or,mhfinr into r,ina and
tbap 4 1aa aimnlv ! mattar ~ iifa and death
fnr The State n nave them renairei and re-
, III 80 ,a mat tho ,sroaaa e thaaa hand
uere actually apnIied to these nnrnoses to
80 II IN kla hanaist and noin e tha Stota
H LIZ than m,at we reUard the aation 81 these