The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-18
3, cannot BE- dlsnonored By refusing to


nv V sseta submitted by the committee I,av,
1 NJ ga,ygnlained by gentlemen who have Rivel
Ien q. ss spftartion to that particular branch d
Ply o,,nastior, and turn now to the consider.
! q " th, last and, to my mind, the mos
s oau,s Il point of the proposition-th abili
: Hi State to pay and the effect our actor
N N h h,4 oh the material interests Ut TIL,
w! !ssh iii our advantages Of soil and climate
h e Notwithstanding our production OF $50.
aS i hold that the State Is not able Il
ssaaof,t of $f2,000,000, beside the fioatina
III saf1ahfs dO not represent THE wealth !,
4 !.s,sa,als, and I am at q loss To know hov
" 81, represent the wealth OF q State. I'M.
" gllsss M appear that some of the gentlener
W. M ather side take this view Of the nasa
4 s n lpk at the facts AZ they exist. LET III
s " ~, annual production ut &5l. mn, mn
mare 1t with State debt Of $l2. ono, 1SDo
Z III M ia take the net profits arising from
i ~ value OF productions and coinnart
III state debt of near SIS, GOO. 900. fnr 10
III ss Till the floating debtof the State III tff
ss w then let us take the city debit N
! - III 900, and we have State and CITY
n sssggreeatiDg $35, 100000. Then let ,1s add
=! ~ d,h|s Of the parishes and municipalities
|s.iss Il this city, and what will be the I'd.
sf noI Tettsonh ,.n wv suppose that The
ifyill swell 70 seu, Vy y linen add our
I'D b the national dept and imagine our
IA light II you can.
EfSke from our gross PRODUCTIONS Of $50,
S0 The cost q pEoduclon take the net
II f1ofe than the actual profit, and YOU
sihsye 10 deduct forty millions, leaving
millions Oh Whleh 70 support our popuIa-
.sx nav iArOInd numbers. 800 600 aD1fIa
q III ais suppose that il tie Oil r, nn dis
VI nfHlef crops THAN our staple produce
fgtton, sugar and riee, will provide
2tE1ifg necessary for each person exeept
Wind and In this city the trade from other
sTs tIlan our own will do the same thing.
"a haye to supply only clothing out Oh
ssnlits fOr One-hHlf our population: then
III FIJI the clothing Of each Individual.
Ss will have the sum OF S3,O00,Oo0 for
~, which, deducted from the SIC, OOO, 900
= Will leave ~. D00, 600 to pay taxes,
tske the State and city debt, $35, Ooo,-
which interest must BIZ paid, calculate
HoN annually to be paid as interest on
@hlic debt. leave out the debts of other
= Because many of them pay Interest,
~ liAye by the estimate have made, TIL
IN than money enough to pay the inter-
Il the State and city debt at a per cent;
ke1cugh topay the interest on the State
FIftha present rate, per cent.
figures are but estimates. Ii Ia ffs1e 4
lal q production Of $5O. 600. DD0. h,1t leff
hen make their own estimates and see
elaf, BY any reasonable method. pbtair,
ieeults. Now. passing for the moment tent
fe question OF interest, let I'D look ri,
|SHpnIt of taxes, not Including license, IN
Beted. We will take the benefit Of the
elnent we are to effect by this Conyen-
IA say that taxes for all purposes ex-
"a State debt shall not exceed three
31d this Is less 1 think than wa can
Then Ii the debt la to be held sacred
%ID8y5h mills to the interest f1lnd
total Of 81 mills: now ada III this III
FfnDarish taxes. and we cannot MIKE II
"a No have q total tax az 1slZ mills
81 IN assessment Of All f,f) (f)fl mn y,1raa nj
II 81 1900, 900 To be bald IN faRas M M
~ klis m,lnieinal taxas nf tnWna hat
TN municipal and 4 nnrish tay and
(1finr any poIl tax. leven tay ar iinas,sa
fENe must have d fax IF mora fha,, |
fIliiDns annually. which rn11sf na,,,,n
A6 profits Df our prOdi1etinns' ana |
@1aDrofIts eul1aI the taxes aftel s,,.,.
the population, 'e
Ia in tilis estimate allowed far tha
HUI only half the population sllnnns-
sMmainder would Ia clothed nIlt N
laes, which is OF course included III the
fl9aailpwetj IA caats of nrodI1ntion
Nlaade these esfim afaa 70 shau, tbot
1f8re burfiensnme Other ga,,tia,ns Mon
Hch different; rpa,llta ~ i 1iifraran4
abnt the facts cannot, HI mada IN ahaI. s
1nSble marpin in favnr nf tha y, e,,u
E6psts and taxes are mid pssop'o
Etafninr from fir,Iran Iat ne ,,,,s,,,,-,,