Louisiana capitolian., 1879-08-16

I'd he waited, with fast beating hear
ID for the answer, knowing if she faile
T. him the home lie had striven hard
=. win for her dear sake, his very Iii
q would DC worthless.
ID My King was on his knees befol
10 me, as he ceased speaking. l bowe
!. down my head until it rested on HI
A. breast, and he was answered.
r, DEBTS OF THE SOUTHERN STATES
J SOME INTERESTING FIGURES CONCERN
Il ING THEM.
n From the Nashville, Tenn, American.
i, Numerous inquiries as to the debt
7 of other Southern States, thci
, amounts, and compromises made, vii
, be best answered by giving all tn,
: information we possess on the subject
r The debt Of Alabama in 1873 wa.
so 1909; real and personal estate
tax basis, $ll7, ,s06,58l ; tax 20 cents
amount raised by tax, 1927 1880.
Arkansas-debt, $4,153,O35; un.
funded debt, $l3,&7,O ,Ol2; tax basis,
s94,Mo,0O0; tax, 60 cents; amount
raised by tax, S457 ,45O.
Florida-debt, $lo,44,5OO; tax ba-
sis, S235,659,53 tax 50 cents
amount raised by tax, 81, 1899 In
1872 Georgia annulled $lO,477 900
clearly fraudulent bonds, leaving the
debt at that time Sll,55O,5OO, recog-
nizing $5,79s,OOO of tho Bullock
bonds.
Kentucky's debt is only 81 ,s52, ,s41; /;
her tax basis, 1857 ,326,Ol3; tax, 40
cents.
Louisiana's debt, 1873, amounted
to S12,66O, ,443; tax basis, $174,5 ,5OO,-
600; tax, 81 As. The amount raised
by taxation in 1873 was $3,473,G29.
Mississippi-debt, $2.954,45s tax
basis, 1927 900, 900; amount raised by
taxation, $6A;7Ol.
Missouris debt in 1873 was slG.-
75o,W; tax basis, real and personal,
a little over SG,OOO,OOO; tax, 10 cents;
amount raised by taxation, $3,s43,953.
North Cardinals debt, 1873, S27,-
l2O,2l; tax basis little over sl4s,-
100000; tax, 30 cents; ; amount raised
by taxation in 1878, $533,635.
South Cardinals debt in 1873 was
$6;739,696; tax a little over $685.
100000 ;::tax, 45 cents amount raised
by taxation, $7l5,9S2. The debt state
ment in 1874 was $l7,Ol7,65l, of
which $954O,750 was bond debt ST.
679, ,293 floating debt, and $4,797, sos
contingent liability, and this state
ment did not include $5,695, 900 bonds
issued for conversion of State sccuri-
ties under act of 1869, which even
Republican legislature declared issued
without authority. The amount given
as the debt in $lS7s is that left after
a fair judicial investigation by a court
created for that purpose.
Texas debt in 1873 was S5,O73, 1861
tax basis, $257 ,6s2, 900; tax, so cents;
raised by tax, 81 ,35G,17O.
Virginia's debt in 1878 was 800
35o,826, her tax basis, real and per-
sonal, $322, ,569,63l tax, so cents
raised by tax, s2,5OO,oOO per
annum. Since that time settlement
has been proposed which is absolutely
demanded by inability to pay. We
nave not the details of that settlement
1t hand, but it is xuch more f.vow-
Die to the holders of the bonds than
hat of Tennessee.
Tenncssec's debt and interest is
s4, 1851, lis; the dobt as sealed will
mount to q little over $4,000, 900,
he interest to about $5OO,OOO, requir- /
ng a tax of less than IS cents on the
500, in addition to the amounts from
'ther sources, such as privileges and =
he 100000 from railroads to pay u
his and ordinary expenses. The tax y
'asis in 1873 was $233,212,l53, and y
he amount raised in 1879 was $685.
~. S
1t will he seen ut once from this that a
'enncssee will bear after this settle Il
'cnt lighter burdens than any South II
IN State, even after Louisiana Sc G.
'lres her reduction of interest to 3 I
er cent. for fifteen years, leaving the 81
rlncipal intact. The question per- o
'ins to ourselves solely. What is o
ght, just, and the best policy for b
nrselves, is the sole question; but if d
ny one chooses to look to other n
tates for light he will find that every fc
ling points out the reception of this III
'ttlement as the best possible course. c,
Aquaint writer says: "Ihaye seen ~
omen so delicate that they were g
raid to ride horse for fear of the NJ
orse running away; afriad to sail, for in
ar the boat might upset; afraid to -,
ak, for fear they might fall; but | u