The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1880-02-14
Look Out for New Hampshire.

LOO8 VUV IOG VOW uu"P0oO'
Some time during last Summer
while the State Of Tennessee was en-
gagged In an election In which the
payment OF the bonds OF that State,
st City cents on the dollar, with four
per cent interest was involved. the
advocates OF a high tax and no com
promise threatened the low tax par
ty, by pointing TO the attitude about
70 be assumed by the State OF Ne"
Hampshire. 1t seems now. that this
State has at last determined to as.
sume the role Of the avenRer, and
aoouree Of Oh financial heresies. par
ticularly IN Southern States. and has
deliberately selected Louisiana az
her Arst victim. Under q recent act
Of the legislature any citizen OF Ne"
Hampehire who owns a bond Of any
other State. on which payment In
full has failed. or refused to have
been made, may. for q nominal con-
siderstion transfer his claims to the
State for the purpose Of having suit
brought upon them in the Federal
Courts. Should New Hampshire
succeed In getting judgment In favor
Of her proteee. then the bonds are to
b re.conveyed to the actual owner.
What interest In the suit New Hamp'
shire may have, does not appear up
ON tho surface. Let us examine a
moment and see what are the proba'
bic interests that may accrue to New
Hampshire in these cults. The pres.
emit suit against Louisiana Is said to
be based upon only three bonds OF
this State held by citizens Of New
Hampshire. and only for the differ
ence between seven per cent inter-
est, ~ expressed IN the bonds. and
tho present rate Of interest as fixed
in our New Constitution. This Ia
only an initiatory step, or tentative
experiment on the part OF New
Hampshire. II, with the help Of an
eight by seven Federal Court, che
should succeed in this case. New
Hampshire will soon become the
asylum and city Of refuge for every
holder OF Southern bonds. The az
gregste indebtedness Of Virginia.
Tennessee and Louisiana. Is in round
numbers about $75. 100000. This, at
six per cent interest, . low estimate.
would bring into the State Of New
Hampshire four and q half millions
Of dolls,s annually. This indebted
ness In oil probability will continue
for at least fifty years, by which
time, should the principal and inter.
ct DO paid. New Hampshire will
have absorbed three hundred mil.
liops OF dollars.
II will thus appear that New Hamp.
sDire u on the highway to wealth
and fame, provided, she thoroughly
uuderetands the science OF addition,
division and silence. Should she b.
unfortunately deficient IN this branch
Of tho doe arts, she will do we'll to
sather to her maternal bosom few
Of the Radical ex.ofhcials Of Louisi
aas, whose fame In this peculiar
branch OF art is worldwide. These
will certainly be able and we'll quail
- 70 inisiate tho innocent and un.
sophisticated Harold Skimpoles Of
New 1ampshire into tho EleusiniaD
mysteries Of Radical politics In Lou.
iGiana. The SUCCESS Of this bril-.
lioot programme will, however.
depeod much upon tho contingency
vhsthse the Federal Courts will
IocoGnise this simulated ownership
q tho property Of others.
A. this 10 Q scheme TO destroy and
reader void and OF no effect the Sow
eeignty OF States, It will be advisable
In tho meantime to keep q peeled
optic on our benevolent and disinter.
ested little sister State, New Hamp-
shire.