The Brookhaven ledger. (Brookhaven, Miss.) 1875-1883, 1879-09-11
Debts of Southern States.

NulileTouS ili iulEeS as W tic ucpeo VI
other Southern States, their amounts
and compromises made, will be the
best answered by giving all the infor-
nation we possess on the subject:
The debt of Alabama in 1878 was
50, ASP 500; real and personal estate, tax
basis. $117, ,486,5S1 tax, 70 cents;
amount raised by tax, 1897, 1899.
Arkansas. debt, $4,153 ,035; unfunded
debt, s13, 967, ,O12; tax basis, ,$94 900, 900;
tax. 60 cents; amount raised by tax,
S452, $50.
Florida, debt, Sl,348.272; tax basis,
$30,0O0,000 tax, 90 cents; amount
raised by taxation, $225,00O.
Georgia, debt, $40, GA, 500; tax basis,
$235, f59, $50; tax. 50 cents; amount
raised by tax, 81, 10000. In 1872
Georgia annnlIed $1O,477, 900 clearly
fraudulent bonds, leaving the debt Mt
that time $ll $50, 800, recognizing s.,
70S,OO0 of the Bullock bonds.
Kentncky's debt is only 81 $50, Sal;
her tax basis, $357,326, 013; tax, forty
cents.
Louisiaua's debt in 1878 amounted to
$l2, $50, 4i3: tax basis, $l74.5Oo, ,0O0;
tax, 31.45. The amount raised by tax
alton in 1873 was 50, ,473,6 629.
Mississippi. debt, s., 954, 458; tax, so
cents; tax basis. $l27, 100000; amount
raised by taxation. 1854, ,701.
Missouri's debt in 1879 was SIG, 75S.
900; tax basis, real and personal, lit
tie over $500, 000,000; tax, 40 cents;
amount raised by taxation, So 8l3, ,953.
North Carolina. deot. 1878, $27. 120. !
22S; tax basis little over $l4S, 900, 900;
tax, SO cents; amount raised Gy taxation
in 1873, 1888, 635
South Ca,olina's debt in 1878 was
SIS. .73S. .6S6; tax basis, little over SI25,-
900 900; tax, IS cents; amount raised
by taxation, $715, $50. The debt states
ment in 1874 was $l7, ,G51, of which
80. $40, $50 was bonded debt; 81. 679, 293 |
floating debt. and $4, 1877 COS contingent
liability, and the statement did not in |,
clude s., 695, 900 bonds issued for the
conversion of State securities under act |
of 1869, which even Radical Repu b.
lican Legislature declared issued with |
ont authority. The amount given as
the debt in 1873 is that left after fair
judicial investigation by court created
FOR that purpose.
Texas debt in 1878 was $5,073, SCI:
tax basis, s257, 632 900: tax, so cents;
amount raised by tax, S1,356,170.
Virgina's debt in 1878 was $29, $50
S26; he, tax basis, real and personal,
1922, $50, 631, tax so cents; amount
raised by tax, $2,500,000 per annum.
Since that time settlement has been
proposed which is absolutely demanded |
by inability to pay. We have not the
details of that settlement at hand. but
it is much more favorable to the holders
of the bonds than that of Tennessee.
Tennessee's debt and interest is $21,
8 ,7,115, the debt as scaled will amount
to little over $40 OO0, 900, the interest
to about $500, 900, requiring tax of less
35 cents on the 800, in addition to the
amounts from other sources, such as
privileges and the 100000 from rail-
roads to pay this and ordinary expen-
ses. The tax basis in 1873 was $223,-
212, 1853, and the amount raised in 1873
was $626,529.
1t will be seen at once from this that
Tennessee will bear after this settle |
ment lighter burdens than any South>
ern States. even after Louisiana secures
her ! iuction of interest to three per
cent. for fifteen years. leaving the prip-
cipal intact. The question pertains to
ourselves solely. What is right, Just
and best policy for ourselves is the sole
question; but if any one chooses to
look to other States for light, he Will
find that everything points out tho re-
ception of this settlement as the best
possible course to take.-NashvIie
(Tenn.) Republican.
IT is said that the Swedish school
system is perhaps equal to any in the
world. OF the children of school age,
ninty-seven per cent attend school.
Eight months is the length of the
school term. Sweden has several nor
NAL schools. The teachers are requir-
ed to have normal training Pensions
ale given to disabled and superannuat-
ed teachers. Only one case of capital
punishment reported since 1866.
The Princess Carlotta, widow of
Macmillan, is said to be recovering