The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1880-03-27

the public debt, This last Item was |
the subject Of o prolonged and ant.
mated debate. Il va agreed on al
sides that three mills ehould be lev.
led, because the product OF three
mills would bo required % m0ee tho
interest II the b0ndh0lders should
accept tho alternative propositlon q
the debt ordinance and tund toelr
bonds at seventy-ilve cent? on tho
dollar IN nov bonds drawing 4pee
cent Interest. It Was doubted BY ma
oY. II the boud.holderD would, do this,
but all admitted that such . contlo.
gency should be' provided tor. Tne
dioCvooi00 arose % eooeoee poeok
On one eide Il Was e0ntended. thoe
the three mills for interest should,
Be- levied and collected, and the
money placed IN tho treosury who're
It would be, immedistely Avaiteble U
the payment Of interest duo euch Of
the 0nd.hOlderD % accepted tho
settlement made BY tho debt ofdi.
nance, to whom Il wao 70 be PAD.
and no other. On tho other side II
vas claimed that no. more. money
should b. collected tor Interest pur.
pooee than Vas abeolutely necessary
TO meet the demands Of those who
formerly accepted tho debt SETTLE
ment made by the constitution:
:fhoee holding this view introduced
40 amendment providing thse 0y me
flrst dsy OF July OF each year, tne
Governor shall have computed the
amount OF interest due those bond
holders who had accepted tho ootme
Of the debt ordinances, add o. ehee
day Ohsll isoue biz -proclAmat0D o.
the tax collectors to collect the nee.
essary ter centage Of the three mills
tax % meet the asdert6hed interest
demands upon the treasury: Atef
the ablest and most interesting de.
bate OF the session the propoeed
amendment Was adopted by . vote.
- Among H chose Who took 90, active
Tss;:cS ii,s Sssc*'B cth III. GSss5ioYe
and Nc. JSckS0n voted with tne MI
n0rity. The former w1s - OF ~
PRINCIPAL spookeCo. He held til
the honor aud good faith Of the sac
[reuuirsd' . faithful adherence % tne
terino Of tho debt otdinanoe; aaoo
that every lpreoantion' oho0lnrbe -
zen % PtevenE .s. "ssa9 9S.. - - n!nvF
mept " tu1S ~ auScae'S c;s S,.vS1 thf7fke
ded tQr. ae wes 0pIS0 =, " ~
Igcaot Of tho e3coGEWesIy S
conferred upon ING 1ovosH',S .s 0l.cs
smendment wnlc1 vl!tuMH ~ ~ IA.
! the contf0l o. tle mse!o@s ~ ~ "a 4;
hands: 10 MR0ec toet y P1. ..:.s. y,
the 0ovetooro eeooe G9 .t - ~
lpoVecs thai ,ot'1ooeS0 u I& os sUlss
people S9o ;ts.E .S S1.,S|e ~ TX sSSs III
I uyee, aod Wol99 s1S0!0 agvos - 't 81
\ hnqoteheo. ae G!eo oppsa ~ -
smeodo?ne oecou19W ~ Cosaet
Il bondh0ldeeo p eae4ty tnesE X
enCo Of tpe 4e2f 2I ~ w. 1k1A ~ ~. ~
fore the 9tsEde % Sasy, ..W.s 1StSs
, tho coostttueton oatlnctly psos .SH;
? that II co9ld ~ eccepvaA "a tx ss
optlon; ~ HIessSc ~. wS .,,,o, ~ Sslsch- IN
Polnts 10 ~: V,otvvoSs sSniv mr.
, , views ~ece teoeae! s0.Ss3 y;a mr ~
eenteQ lag @o00 oesS N ~. IN n
cton. To motnie9 .pags! u, . ~ =
, ludeo % ~ Spe2Co " vvs. ss;S.
y ~ terms. Toe O1l1oC&A! ~ 49, -,
10 tho lover otsace ~ t IA v ~,
~ Assembly, % eol@a .s.a. ds sI -
eeteQ oeoaae S SccoEtHSo .y!. ses ~ Re RI
tne tevs;SuS " ,,ss.,c e S.,d n TIA III
}. teoen, eaves sst Nas ~ :: s,, .sss
c0seaoos v9!Co ~ Ivy ~" -
On 1otn eiue /. -. n.SS fSEIs
took part 70 y ~ ~: S ~ 80
Ooegrove, OF NA!cn.toc1ess w10 .! @.s
1 SsI. Spts = IN sao iSlG'S'I pe5cttsd