The Caucasian. (Shreveport, La.) 1900-192?, 1905-01-08
PROPOSED AMENDMENTS.

EntFoJED AM LASDM Lls L y.
In the Caucasian have been published
several communications from Mr.. P. W.
Galley. of Philadelphia, in which have
been developed the scheme of holders of
,xcpudiated bonds to force their colec-
sion. through legal and diplomatic con-
xpiracy against the South. In these
treaties are yelled carefully the in
tent to Venezuelize the South in the col
lection of these claims, aggregating $780,
ooo,ooo and interest. The Senate of the
United States must pass, and it dsvolves
on every Representative of the South at
Washington to secure the defeat of
these treaties, if not amended As these
treaties stand yelled as they are, the
South is menaced, and therefore the
most fearless and determined resistance
must prevail against these treaties, If
they be not relieved of all insduous or
lurking danger angainst any and all the
States of the South. The proposition
to Venezuelize the States of the South,
Ia enforce the collection of fraudulent
claims through International arbitration
md a SEMI European court is aadiscredit
10 the United States and should be re-
pudiated ernphatica1ly. The Caucasian is
pleased to note that Senator Foster, who
was the first to sound the alarm against
the scheme, is among the most active of
the Representatives of the South, striving
70 defeat the conspiracy against the
South. On this subject the New Or
lceans States says:
Since Senator Foster called public at
tention to the possible danger that turks
in the proposed treaties OF arbitration
the matter has been widely commented
upon throughout the country, the best
opinion appearing to be that the point
made By the Senator is we'll taken. Ia
consequence Of this discussion, it is re-
period from Washington that amend
mcnts are to be propos ID excluding from
the matters that are to be submitted for
arbitration claims that might Be alleged
By citizens Of foreign countries for the
payment Of the fraudulent bonds issued
BY the carpet-bag governments Of the
Southern States.
So far as our information goes there
were no bonds repudiated by Louisiana
during that period OF 1T any other time
The bonded debt OF Louisiana was scaled
rs result OF a mutual agreement
between the State and the owners Of sttch
bonds, and the agreement reached was
satisfactory to and accepted by all con-
crrned. In the Southern States the RAJ
parious carpet-bag governors and their
black-and-tan legislatures ground out
State bonds In the most reckless manner,
md ofttirnes without any consideration
whatever accruing to the State. Multi
p1iei millions Of dollars worth 81 such
utterly worthless bonds were issued BY |
these unprineipled adventures, who were
aided in their infamy BY equally unprin-
ripled spectators. The bonds were Is
suei without valid consideration and
disposed Of to favorites, often without
consideration other than services ID lob
bring them through the Legislatures.
All the world knew that the State
governments that iisgraced The South
during that period were irresponsible.
that their acts and deeds were authorized
hy nothing but temporary force. and that
the officials themselves were utterly rot
ten and licentious in their public morals.
The spectators who acquired these re-
construction bonds knew that the whole
thing was unutterably dishonest and that
the securities they acquired could neither /;
stand the test Of law nor morals. The
very price they paid for them shows that
they knew all these things at the time,
and that they were parties to this nm
speakable crime perpetrated against the
people Of these States. They cannotl I,
roisplain Il, being caught up with. theyl;
are not permitted q profit BY their in &
fAmy.
Senator Foster deserves the conln,en-
1ation Of the people Of the whole country
y calling attention to the danger that |
turks IN these treaties and in taking the !,
steps necessary to circulavert the nlachi- I
nations Of those who wot1d use The +
Hague Tribunal Is an engine 10 Cypress
ind plumber the people 81 the SouthernIl
States. Ii
f~D AAff1 e-rf% 4 AYr1 3r,r 4 ~ | ,