Claiborne guardian. [volume] (Homer, La.) 1877-188?, 1881-06-22
Favorable Signs.
IN y. States I

ihO AotiN eHu atcNf
during the last ten days, 10 the value of
both State and city bonds is the most pos
tive aud substantial evidence of the re
turning confidence and stability 10 the IL
nanciSl relations Of the State and city
governments. The Causes of this appre-
cistion in public securities are numerous
and can readily I've understood. In the
first place 1t seems to be generally under
stood that the public debt cannot lie W
materially reduced a. TO smack Of repudia-
ton by any compromise with the creditors
who appear determined to claim IS much
"a possible Of the SUN "deuominntcd in
the bond" while the hope Of delaying or
avoiding the payment of accrued interest
has been disp.fed by the numerous decis-
ions Of the courts which have sustained
the rights of judgment creditors to IL spe-
ctai tax for the payment OF their ciatrns.
The result of this has been 10 cud all fur
thcr litigation aud the debt problem is
now regarded, we may say, as rts atJsdica-
Ia, and the Validity of the creditors ctaims
established. Such an important settle
ment wonld naturally add materially 10
the value of All indebtedness which has
for ~ long time been disputed aud made
the subject of yexatious litigation.
Again the alacrtty and promptness with
Nhich the people are paying their taxes IL
another significant TACT which contributes
To the restoration of taith ia the ability of
both State and city 10 meet their obliga-
tions at maturity. With the Limitation of
taxation as 6Icd by the constitution; with
the belief that the public funds when paid
into the treasury will b- honestly udnIn-
istered and not squaudered and robbed A.
in the past; with the prospects of future
made bright aud hopeful by the promise
Of u net work of railroads which SCOTT viii
cover the State aud the establishment Of q
variety of factories giving life aud actiri-
~ To country, the pe-plr are encouraged
aud viii have 10 hesitation in the future
IN paying their taxes. This il another
cause of cungrltulLtlon on the part of the
pubhc creditors and III capitalists seeking
Investments tn e"tctumrut securities.
SUI auuthrr source of renewed couil.
dcuc" is the augmentation IN the assess
men; ef property. In the c,,y alone this
year Il Is nearly six millions over that of
the last yraI aud If anything like a pro-
portinnair DECREASE - mad" IN th" country
parishes the rrvruu~ derived thctcfrum
next year viii place the STATE and city
upon i dnnn,al basis unknown since l-tn.
Al these things considered. then. and
with al abundant crop the present SEASON.
there - every reason Ia believe that the
advance IN the value af State aud city
bonds has hot reached the highest point
10y any means. On the contrary the iudi-
cations are that rhc, viii continuc 10 i'm
prove until they reach a figure that will
compare fsvorably with tue securities of
any of the other States.
~ IN" prosperity and power of Il coun-
try il judged in great measure. by thu
market value of it, puLlc ohh.ation> We
ma, ,ou,ludr from IN, ap,rl,Ia,,A move.
mcnt and upward tendency of orr bonds
that the STATE Of Louisiana aud CITY of
New Orleans are both on the high road
Of material progress, COMMERCIAL wealth +
aud financial independence.