The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-14

lorineu. re 1rlehas of that mora 4. ~
polite measure trfumphed tenr,n u s sl4
public opinion has not ceased i. ,,oIasfllyI
ny upon the resources of that F ,,9lll \.
State, until finally the question Il dal u
lily OF her regulated obligations s s,,e y
mltted to her courts, and were fi,l ivy !
n,lea in opinions Of marked af,ilita MIN M
abiest defense her Attorney Gerlepss,ia 1 ns
the foremost lawyer Of his State, ~, ,a
Thus tardy justice has been If N.Y. " a.
stain remains, and no earthly en1,s,,ggyg VIII
can remove it within our day and asrlsa
lflls 10 no more than our courts hassss
as 10 our deot. Before proposed rsr aas \
let US beware against repetition a p psa u
had almost sud crime, In SPITE ii u III i
dietary. Listen to the WARMING N =, Is at
apostle 81 Southern Democracy as H. r. q
In the Senate, the very emboiiffs.,,as
that is noble, great and virtuea,au nsaE]
vol. 8, p. 438: oalhll1
But the States are deeply 10 debt, mi Il
be asked what shall be done? kn nn wy I'M
are ia dett- deeply In debt. d haaT thH
In debt, am not afraid to assert il ' ii'sls
stances, for the most id!e projeets - eas asl1
pursued IN the most thoughrlass rna sys mn
am ignorant how deep pecunjarva a;ssl
ments. whether o. States or tndiyidnsaa
eVery feeling Of honest pride, nm asa4
sense Ct justice; but do trust, Tint thsse
u member Of this great and proud m XVI
so lost to every feeling OF self asa ~
Of justice, rs to desire to chargs mn MN!
debts on the common fund OF the fIa,sas.a
impose them on the shoulders of nj rs wy IA "a
dent associates; or. let me add. t,disESMs ~
self. and the name Of an American. bas IN WI
to pay the foreigner what II justly ~ w.
indebted States remember ID time, fhsSi5 ~!
but one honest mode OF paying tb sirdss,sgs'ss
oil furfhar inpraupp and Inn. sfsgs4s
charge. what they owe. There ID l I'M Y n
even the most indebted, with The arn MI n H.
sources. that has not ample rssf,firass as h!
rs engagements. For one. I r,Isdss " =
South Carolina is also In debt. Sha Ssa K!
her thousands IN wastefnl extravaasHnass u. 4
Into the head Of q thinking man H.
this even Of her: I, who on this Han s NV
to defend her almost alone agatnst th ~
threatened her with fire and sword ~ HI
now are so sqneamish about State r|skss h
be shocked TO hear t asserted that 4 Ns1f
pable # eKtravagant and Wastsfnl NE
lures. Yes, | pledge myself that It'll s||I r!
take the last cent. without inanirfnp tS sis
wac spent wisely or foolishly. Should M
be by possibility mistaksn--shgujd aka,ssaasa
her unsullisd honor, and bring diseraaA.ss y,
common country. by refusing tb raissM1
plighted faith (which | hold impossbeId
rs is my devoti p to her, and mother q N
TO me, wonld dfsown her"
~Inspire yourselves with all the oiiun
attaches to great public wrong.
Have delegates reflected that lpfauss
means not only dishonored ptlbfe'
but that 1t also means the driving ah.ss
itaI already too limited for agrieuifn1i
well as com mercial purposes from 0ur nIl
Our peculiar crops and modes Oh cuIjii
demand as much credit as ordinary ~
ciaI business. The withdrawal W
from It's development means greater dl5
ton and ruin. These consequences IN
to flow and worse.
/ am pointed, as the supposed hiuaIi
answer, to Georgia. She has repudEs
said, and her bonds are at par. EIthf
men do not understand the history0iG
bonds, Or they misunderstood theme
the term "repudiatipE."
When Bullock fled the State Of Goa6
took with him O large number Of
which had been prepared but neyef
The fact became at once notorious
transfer Of these bonds for State pufpq
came impossible. These bonds, m
Joined notoriousIy, have been rejea&
as the Chattanooga bonds ID this St
been rejected BY the court.
Part OF the sarae series OF purlgluaft
about two millions, had been isstas
sibly for the purpose OF the goverhi
Georgia, and Withu1t inquiry as t0Nn
was made Of their proceeds, the SxttI
nized them as valid obligations and
for them. FallaE this
fundsds debt OF tfIfs SIat6
valid.
Turn now TO the act 81 TN,
passed long after all question
government, the Packard 0r HId
should prevail, had been settled n
the latter; a Legislature ana 4
whose legality and validity no Ds1ad
or will question, and what do we reaA1
An act to enforce effsetualIy the
tional amendment, proposed January
rntitied at the general election. held oath
ond OF November, 1874, relative ri o.
debt und the funding thereof, TO pru
interes s Of the State, and the hohM6
bonds issued by virtue Of said alie1
and for that purpose TO amend ana q
an act ell titled an act to proyide fo1
Of the State BY e1ena
bonds, :" etc.
From the day Of Its passage, Msfct Il
all the departments OF State, e1ecnlgy !!
have acted under and ree5g VI
every provision, and. the tinanef& H.
the funding acts and amendmenA nj
consecra ed by their joint action, Wltn y
assent OF the creditors. What gEeak4
could government officials ana
give to the acts OF their predeeesA
nnly was this the indorsement q ID
ment, but 1t was the full indoTseIsA
great Democratic party from Hnoss =
this government came directly
if, Atist oil TING tfaff7fH4X#E
nails of the State, the acknoWledgeo ~
the party, said, before the n0fnlaeia
vention at Baton Rouge In 1878
THE STATE DEBT.
democrat. July ri, 1881
The convention Democrats In fntl
not repudiationists. The reDudlM1ages sS5
We have sotemnIy Obligated ouEsegt 49,
might enable us to reduce the ra!e q essS
out it would strike blow at fb e Vs. ss;s7
his State from which they would DIP !zss sf r.
:weuty years. Ii would drive eaDa4I ~
ls and strike down our commerei1 s1ss@N
men are certainly ih .ls9 ~
lucing the rate OF taxation; Dul wv ss1s ~
20 do 1t By aboiishfng every snpelIhE HUI nj
and reducing all salaries to Wnat w.
ore the war. 5. ks ff1S
tors OF the State. but to render W 49,
oenses In the administration OF tne sos 49,
Let the holders of our State seeuI
people, and they will have no caassss NIX ~ ~
rhe only way to create q repunlaassss.sar ss
Louisiana, Is for combination q alatSS
eat Constitutional Convention s aam -
yent the people from relieving Ile1
he burden they bear.
The STATE DEBT AND A coNsTlIp2s1lsasas's7H
vESTION.
[Marksville Bulletin. july. isaa
The opponents CT 8 constitution, es1 -
n their anxiety to defeat this popa,sfsss s r.
Imam n to OF t is issue the first y taas4s
he Convention b held the publ. NH
10 repudiated. This assertion rrssshi6
hat th. consider others less Is9s ,nss
rule that inVafla a,bsss9
he disad VANTAGE OF those that are ~ \ III =
;eitsd. If it will do these persons 81 e Mi
lisclaim any such intention. then w I'm
8 disclaim now and all the time. n sssfiG