Louisiana capitolian., 1880-01-24

AeTHu0e@%$sS.NO q ear.
It 10 sound policy to encourage and
build up 0ur home institntiOns. end 9ivu
j to the young men Of the State the means
Of obtaining thorough instruction IN
higher branches without going abroad.
Article 23l makes It the duty Of the
General Assembly to establish in New
Orleans = university for the education
Of persons Of color, to provide for its
proper government, and to apprduriata
annually from five to ten thonsand hi.
lars for Its maintenance and support.
! hope the condition Of the Treasury viii
justify the largest appropriation allowed
BY the article, for / hold the object n
view as highly meritofioua The esfal,-
lishment of snch an institution ander
the fostering care Of the State will not
fail to produce valuable resulta. The
advantages Of our public schools are
open to all alike, with Impartial liber.
ality, and it is eminently ft and iust
that the opportunities for higher edu.
cation should be offered to ali in the
same equitable spirit. An act of inc0r.
poratiOn and the appointment Of = board
Of administrators will be required to put
this laudable enterprise into practical
operation. s'i
Article 233 authorizes the General As
sembly to cause to be destroyed certain
bonds belonging to the free school fund.
the Seminary fund and the Agricultural
and Mechanical College fund. Too much
care cannot Ike taken in framing the ne
cessary statute for this purpose, in order
to prevent or defeat all past or future
frauds which may have been or may
hereafter be attempted by means of sucl,
bonds, which are made null and void
wherever found.
Isubmit the suggestion that tho con.
stitution Of Louisiana and Of the United
States shall be required by law to be
read and studied in our public schools.
TAX FOR RAILWAYS.
Article 242 calls for the enactment of
laws authorizing cities and parishes to
levy special taxes in aiG Of public inn
provements or railways, ut the rate of
five mills per annuin and for the period
Of ten years. A statute seems necessary
prescribing the manner III which rail-
way companies may acquire the right Of
way and sites for depOts and other Dur.
poses connected with the construction
and operation Of their roads. No unne.
cessary obstacles should be placed or
left in the way Of these much desired
facilities for travel and transportation.
The value of land depends much upon
the greater or less convenience Of send
ing produce to market. The volume Of
trade in cities and towns depends much
upon the greater or less extent Of pro-
tluctive territory with which they are
connected by lines Of railway or other
adequate and economical routes Of trans
portation. The money of citizens paid
in taxes or otherwise to aid in the con-
strnction of these improvements is Ger.
tain to yield an ample return in the form
Of increased values and enhanced pro.
fits. Such facilities attract immigration.
encourage the investment of capital.
stimulate industry, and render practica.
bic and profitable more thorough cnl-
tivatiOn Of farms. The resulting increase
of wealth will 10 lessen the burden Of
taxation as to repay the cost of improve
ments in a few years from the time they
are put in operation. There is incalc,i.
liable wealth in Louisiana, which will
abnndantly repay the expense Of it's de-
velopement. il
BANKERS FRAUDS, 81
Articles PAL declares the reception Of
deposits or the creation of debts by pre-
sidents, directors, managers, cashiers or
other officers or owners Of public or pri.
vate banks, after they shall have had
knowledge Of the fact that such banks
are insolvent or in failing circumstances,
to be crime, and it requires an act Of
the Legislature prescribing the proper
punishment thereof.
CORPORATIONS AND LABOR.
Article 247 requires the enactment of
general laws providing for the creation
Ofprivate corporations. There is reason
to hope that many corporations for man
ufacturing purposes will I've established
in Louisiana, which will employ home
and foreign capital. Under article 2O7
the capital, machinery and other proper
ty employed in manufacturing cloths.
leather, shoes, harnesses, saddlery.
hats, flour, machinery, agricultural i'm.
plements, furniture, articles of wo,M.
marble or stone, soap, stationery, ink.
paper, boats and chocolate, are exempt-
cd from tax for ten years. The object
of these exemptions is to encourage man.
ufacturing enterprises of the most useful
kinds, in order to find suitable emDloy.
ment for our people of both sexes, Young
and old: to invite the immigration Of
foreign mechanics and operatives; to
provide home market for our raw ma
terials, to increase the home demand and
Of the products of the State.
to avoid the loss, risk, waste and expense
Of sending our products to di istaut States
and foreign countries for manufacture.
and to render our population in u higher
degree self-snpporting and independent.
Our statutes respecting corporations
ought TO be SO framed as to give every
possible encouragement and protection
to capital invested in such private cor
pOrations and cooperative associations
rs may be formed for manufacturing
purpos 8, as u further incentive to en-.
terprise and more effectual promotion
Of our home Industries.
The tendency Of wise legislation must
always be towards the decrease If the
non-producing classes and the stimula-
lion of the spirit Of industry. It is the
highest bcneticence Of government to o
secure to laborcrs the possession and on. .
Oyment of the full fruits of their toll
hope the Legislative department
will employ it's authority and influence
n behalf Of the laboring classes. Our
State can have 10 lasting prosperity
except as the fruit Of wisely directed
manuel labor. Capital itself, the result
If labor, derives it's value from the hands
If the toilers who work with it and
through it to create nesv values. Tho
discoveries of science and the cunning
appliances of inventors are in vain with.
'ut the work Of the hands of the mo.
.hanic Labor il only anofba. nou,o e.