National Republican. (Washington City (D.C.)) 1872-1888, 1882-03-11
ALABAMA'S DEBT.
WHAT coNcREssmAn OATES SAYS.

| 10 Tho te,uor or,r ,,,, n ,,,,,.,, 49,. 49,.
In vour naner Of m aud All, ins,o,, ,o,, o,,..
upon Information which VIM rogord az roi,otgo
that Alabama has rem,diaiod her deb, ana inyI,c
a response by anyof her sonntors or Renrosenia.
tives I'm Congress throngn vour oon,nns to lie
! charges made think that The GOOD nnmo Of ,bo
! state and tho trutb aIite aa,Ssnd an ons,,e,
and. although am no; nrenarod with tho ersc,
figures I'm every Instance NV statemen,s win
| no foupd apnrnyimo,sIy oorsoc, yo,,r chs,ar.
are numbered and act forth AZ folIo,v,
TN, ,is,,a,,s, co. 49,, =, a.,
Tha, az orai ra t aev5 , " mn f a,
were s coz e current expenses OF the STATE IN 1870
| T. That expenses and interest account were thus
o. Ihat IN $50 the assessed valuation Of all taxable
properly was sll0oG.00 - ,
the foowes pTovo @1eESo e a %asn
shall moi have Ike no,ysr IN law ,n env one sna
greater rats Of taxation thSn ihsee rouTt6s of nes
on tho value OF the taxable property within dis
state ''''''' "'''''" ''''
ooo anM Az Inls maxnnm rate Of taxati9n only ts8
sessment ori ss ''"""''y ." inc ""S' OF Tue :"
s. That $4,000 cannot be paid with $4,000.
To Tho frst renly ,ha All, 81 a., 500 H. 49,.
~ su ntss nlep,y snS oe oo6 OF inc sa.e no,
now unu heNer was, Foz'oVVVoV put was direct
and contingent, little over s3o,0O0.0O0. 10 tho
second soy that the annuity accruina interest
does not now and meyer ala a,nnunt ~ 60 40 noo
no rms ,,,,a,' ,,s,,,a, W V@''O''0'''
that do not know, and have no present means oi
ascertaining, what was the aggregate amount Of
expenses OF ,ne s,ate government but as was
administered In the year 1875 by honest, econom-
icnl, and capable Democrats, do not believe that
II cost the people Of the State ss CO., although tho
cyncnses ~ ,hc const,,u,tonai co,,on,Ian ,n'
1870, s 80, ~
above subsequent ones. I am constrained,
but for the. moderateness OF the
sum named IN boiiova tho, con,
i',sl.,., No.. w. ,ae, % y ~.
inio'ahI inlstooA the year 100 ior VI ~ OF le'f'
or some previous year when the Republicans con-
tho exnenao and in,oro., ,ooo,,nt ,,,ht,od on,o.
did amount to So 49Jo6o a wear To tho tilIh saw
that do not knnyc what ,yes Tho ssso,snd ,,ai,,
tIon OF the taxnbio nroneytv NJ fire STATE IN tbn
year 1875 but in the year 1870 IL WINS ss5 saj 900
VIII grant, for arguments sake, that Il was Sl10-
100000 as stated by your informant. Your sixth
eighth would be II your premises whore true. In
ls0I whe n the state OF Alabama, under the recon:
struction laws and policy Of your party, passed
into the hands OF the carpet'b aggors aud Ignorant
negroes,
was about 81 600 600. ON which the interest had nj.
ways been promptly paid Even during tho war
Alabama ran cotton through the blockade,
on her bonds, which she always aid at maturity
In January, 1887 Alabama bonds were at pre-
MUM 10 all the money marts of tho world The
| State with her financial honor thus unlarnished,
| passed from Democratic control into the hands Of
those styling themselves the Republican perly OF
| Alabama. Under Republican election law found
IN the statute book Of 1868, which msde 1t an iu
dctable offcnse to challenge the vote of any per
| held control OF the State with some slight excep.
| tons, until December, 1874 when The bemocrats
regSined1y complete control Of ,he Stats govern:
The direct debt of the State was precisely SD ms.
us. 1t had also indoTsed the first mortgage bonds
Of railroad companies to the extent Of about
| Si o,yvosoyH nearly all OF these comp anies mao
S u s l u intuIesI upon thsii M
uorseu ponus, allu 30 mo VIZ shte. her oredliWW
zOne her pVnus weIe huMkeu sDoui anu oIeTen
ior saie al thirty. cents IN the doat and nr-
Wonov coIId NJ, na raJ ,nn ~ -as8
had ny s5a o one ny mop o doSrS Of @
laS nn oivuan Sne nilYn VI uoHhIs ol nor IL
aepteoness Was per cent ihterost- bearing certl;
nnt in 1 %ncn nSn oSe uSueu ana
DERSiKR REssoRr-
under Lewis, the last Republican Governor when
s sssSI had so sSsn SpeS g the bottom
| shoe money" although receivable for taxes wefe
a. discount Of 90 per cent, and the rate Of taxa
| for county purposes Finding the affairs OF the
State in Ills depiora6lc condition the DemccrutIc
certain Tie amomnt Of iiabiities of Inc State and
| 10 propose to tbs creditoIs--none of whom were
for one or two veSrs"s compro@Iso and nSps S.
ment OF their claims, and also called on
the people to vote for or against convention
| provided for too many officers and q too cum.
ton was ordered, ana asselnbled in september.
| 1876, while the compromise was progressing be.
tween the commissioners and creditors OF the
State. Mr.. Snagge, Of England, representing the
aid Of the construction Of the Alabama and Chat.
tanooga Railroad and several millions of the
bonds of the company Endorsed by the State.
finally took from the state the railroad and
81, 100000 of new bonds in compromise and full
payment, and released the State.
| AFTER DEFAULT HAD BE.s MADE
| nv tho railroad cnmnonios and before Gotta Gam.
| nyynmisa the state inoI nnsscssjop Of Inc Nahon.
and Cbattannoaa ami sdna ~ tha o,bar rnjIroad
and nndertnoT To ono,s, ~ an, e can It
nv arnansiya Ia ,pt n mS d ihnO i,
nn,nhar nS cosas Hr 40 ,,n e W. oes ~, yu,v
artv inJrrad thron.h Tho 1o, H. ~ nnsPpXt
msnaaament 81 ths a,aie,s aSans. IN ~ avS
rnad Sba conSnutin ssa -, ' ng siu
Iouo. Ane Von 'oIt,ioni iVr .nSsS anu lno luItuer
nnth,no rnnra than The oS a Hhi1,
,rhch canno he on faced 10 Anal nrocass ~, ~
mhiVh cAHho' pe ethoIctu py nnul process put tn0
clause In the constitution that the State should
never be made party defendant In any
| court, The Stnto held indamnItv
| her indorsement OF the bonds Of railroaI cnu,