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a sinins eoaontry. Wllie reei t.oe sa r ao:t gs soMl i praoetiel esase swe seen, fait and wherever the hand of pestmlene , ts moving cause furnl.aes besides of eoogratelatio, fe appreclatoia, people of the State. generally, regard to the mere question of bene ved, as indicating that oemmunity of binding together. the people of the as pointing to the flow of: a common of benevolence from one endo of the land other. The general condition of the of the State, putting eside the suffer. igendered by the epidemkn, his improved the year. Bountiful ero(ps have blease I , and whilst the shrinkage of values susd.l some anxiety ant want of remu this effect has resulted from the re to a safer and more durable standard of which, operating uplon ll classes of alike, brings about an adjustment to give greater security and eta the future. have the pleasure of reporting to you that t almost the entire Ktate, the law been well obihfrved, and that where vio of the same have taken place they been generally punished. I regret, ,to say, that in a few loealities there oecurred during the past year some of iats of violence and lawleautees which, State. as la other seotlonrs o the ooun. ooasionally happen, and which, while and distressing the mass of the are practically beyond the reach of eaostituted authorities. Fheae troubles rbances are not referable'to any one In some instancs. thi perpetration, perpetration of a crimeof heinous ,or the repetition of a se.es of petty dianqult of deteatlion as to perpetrators, seem to throw even good a kind of frenzy which, for the time est laudgment and reaso at defiance; a belief that whit i~ called the t of the law may p~(rmit the es 1et i ne e generally bb4eved to be y guyea of crlmS, ouses men to their own Ideas of justice and of randy rn: the macshinery for the eaiorem.nt ,of right and of wrong. a, want of confi. in the honensy or Impar t judges, juries and offical mielesas made the basis of and justllcat"on for these acts, which SUaitted State have home to be known dielgauton "ltdpob law." From eavese spritgg, these acts ae anishelrimey port~6o ate wisth ntlon. a •htla nry a d persons con la thes. at thse who are cognisant ' a hi er e aw dtlla to speaki , raspathy with the sae, or afraid to h-1 they should tnodwe themselves in sienes beingl the esential blasis Jifat proceedlngshthe want of it an eupseable bstale ac to o.aeors daby it to seek cutand punish lawh _ ess months r go three men with crime, two of them with the of a white man, and. once conviuted SildU~gcf a colored man, were forcibly from th jail at Monroi and killed. The klled were oolored Inie. The mob is to hahe been maldeup either entire yat white men. 'Later, a gran by f St. nMartin, c.nfiped in the parish t. bC les perish on i charge of ia r So oeed man, wae taken thefefrom by number of men and murdered. The athis latance o.re eolered men and the whitae man. Botla o these cases have telestigation from ithe grand juries oetae slve parlAs, iad yet nothing trd from the investigatIon in either .have ns reason t duebt the thorough E nem. Xn one tbanet ree sepublean, it the other Doerat-n It can soare be that twoaEnr there ar not not respiblesor tha e ealnas committed, mreogait e i etst e aend yi]nsli peace when it Is their duty to speak. I o blame at thdoozof these officials. lbed they flled In their duty (whictah did not), be..ekol Sitotla omdefers, salM not have been tuspended or re by me; nor is the.. any power granted saun a al a san peerto shiateh pro i da ad try persons it any other par aaf bt 0he1 ln whiah -tt eramies have eammitted. The a stlttion exaparela y a trial. by the ji.ry o the parish whi thae rie .s committed, subject only a change of venue when the ease has a certain point. Despite mygreatde ethe supezacy of the aw vindlcated Saes, and despite the factthat under of these greit fundamental prin the perpetrators 'of rime may some detection and :onsequent pun I should hesitate long to suggest ton in them vesting in either or any other department the titlate prooceedlings ortry the'same, Sout of the jurisdiction :l the parish or district where b have been committed. Such the Excuttve, or any other Sbe as powerful for harm . he d 18 would be for good in the adcý Iidttour elfleers. I make fthesue re antde purpose of show `; ` thax nsI and remedies anbones ii the concurrence of e thh facts tomzkesh Wtba horoughly effective. After all, the as} fstrument for put ng and to #O l _ e ss is the force i fbWtf oplalieo itself on all in aid ci the ui1pnmacy of the law. lnthe empaiqa x8l 4, I proclaimed the State that! a!nthe event of my as Governer of th's Stste. Ifelt as hat peace and gocidd4l!WkoUid follow @)hset do so relying in. Mtyanner upon lthe smm physical and legal ltastragagtalitles 4Wihlkh would be in my handhfortshrpurpose li!r I wae wethware that these wmur rme lyhimnlted, oaniaed almost entirely to teport bthtb body earelees or delinqiteat eM sad abatalalan from an injudIlous use the partolosg power. py deolarat&dla 'a upon the certisinty that the eleoth th oneeia who we's before the peogAe lliqilambe most of th) auses of bittw Aodxemroaoh then ditzeaUg and that the puartuan of eameryative Influence a1ttlgateiy lead toj a complete good iweema an classeis 3rraes and eryrstlisrtiot of sentiment Sspades of C wi ewtm. My NAdaeteilsne t to fermee ratempt liheyewsisalC~~r~r~ll~.b ie reei, andW i 1am i mome ad piam have not taken the determined, active ad stand against them that I had hoped and es cs petted, I am Matiled that day by day and a month by month we are surely moving for a, ward to the eoadition of things which all Y, good citizens are hopefully anticipating. I e- would regard the retarding of these results of by injtoudolus action, which some might he deem wise and right, as a great calamity to Mn the State. I say this under a full sense of the d responsilbility which attaches to my position. he It has so happened that some of the acts of * lawlessness (which I condemn and regret) © have been directed against colored men, and It is sometimes supposed that they have been es so directed by reason of their being colored U. men. This is not true. The fact results ' from the circumstance that the greatet of number of the Infractions of the law are of necessarily found in all communities among It those classes who. from ignorance or Idle ness or thriftlessness, fall to understand and appreciate their duties and obligations; and It that, In this State, the mass of these classes rs Is found among the colored people. The fact )- of their being colored people is merely acci n' dental and incidental The same acts would ttake place lunder the same circumstances, re without regard to color. It is a notorious of fact that for over twenty years there have ex h, Isted, In some parts of Louisiana, orgailsa l- tions known as "Vigilance Committees," le whose acts have stricken white men oftener 1e than colored men. It is said that songe of the )f troubles in this State, within the last year, .% have had their origin in politics. I do not e suppose that there is any State In the Union 5, in which polities have not been, more or less, Sthe cause of difficulties. The passions and 7 Interests of men in every community become A so much exelted that, here and there, in every (i State. troubles take place on that account. ' Louisiana does not differ in this respect from ; her sister States. Troubles do not exist in e Louisiana based on opposition to any man voting on account of his color. The exercise '5of that right hi a manner different 0 from that wished by other individuals causes opposition here, Just as it does in ' Maine or Oregon. This sometimes resultsin personal dlBculties, and whenever matters reach that point there springs up here an r- element of danger not found in those States, Is nqt the cause of the difculty, but resulting fd rom it and from the tact of there being two separate races in the State. A difficulty crl a ginating in politics, which goes to the point of n blows or bloodshed, is apt to be participated na by others from that time forward, not on a" account of the politiesinvolved in it, but race s" ympathy or race fear. I found this, in my It opinidn (formed after a personal investiga ' tion), to have been the casse l the recent dis 0 turbanoes in the parshes of Tenss and Con n cordin. The proximate cause of that trouble was t;e going at night of a party of men t numbering from twenty to twenty-five to the house of one Faifax, colored political leader in Tenses parish, whi~ act resulted in the killing fot Peel (who seems to, have e been the leader of te party), and the wound ing by Peok's companlons of three colored men who were ia Fairax's house, one of whom afterwards died. The visit of these men to Fairfax was utterly wrong-in my opinion, utterly without Sjusthlgsio ; and whilst attempted to be Justied upon the groundthattheywent t in thelaterestofpeace to expoetulate against a rumored proposed attempt of the colbred people to force the quarantine lines at the town of St. Joseph, I am satisfied that such was not the purpose, but that it had a politi cal object. I do not think the purpose was to kill or harm Fairfax, but I do believe it was b to influence his course and the local campaign in the parish. The killing of Peck and the , wounding of the colored men wash in my opiniton, totally mnexpected and attended by 1 Sresits which none of the parties contem plated, and from which political considera tlons utterly disappeared. Just as soon as1 these men were killed and wounded reports of t the same spread with astonishing rapidity through Tenses and Concordla, and instantly armed bodies of colored men, evidently organ- e iced prior thereto, moved from every direc- e t on to the scene of the occurrence. Whilst this was taking place the parish Judge of s Tenses, whohad been informed of the circum- r stances of Peck's death, issued a warrant for d the arrast of Fairfax, who was charged with , having kiUed h1q. Instead of either leav-l ia the parish, if he believed himself r about to be wronged, or at once sur rendering to the authorities, who were a pursuing the forms of law, Fairfax 1 remained with the large number of d men who had resembled, some of whom b were makiNg the most horrible threats. 4 These threats produced a feeling of terror b and apprehension in the parish, and with the events which followed, in my opinion, politics p had nothig to do. The Qttuation will be un detstoodWhen I say that Tenaes is a parish m of arge tsrritorial extent, with an exceed ingly spame white and very dense colored population, the' proportion being nearly as tea to one in favor of the latter, and that the bodies to armed colored men parading through the parish are variously estimated from 1000 to 2000 men, whilst the whites seem to have been totally unprepared. The fears .enter tainedbythe latter of general bloodshed and pillage, I am satisfed, were fully Justified by appearanees, and were beyoad question tho roughly reaL Their completely defenseless condition demonstrates at once the folly and wpomg of the original act which brought about the situation, and also the fact that it was unexpected. I cannot conceive that men could wantonly and deliberately place the lives and property of their fellow-citizens in such peril as they were then in. Assistance was immediately called from neighboring parishes, and when it came it found the peo ple of Tensas, white and black, almost sol idly arrayed against each other. It needed but a spark to ignite the train, and it was given by the firing of a body of colored men upon a party, under the parish judge, proceeding to put an end to the armed de mianstration. This fire was returned, and Ifom the best information I can receive sev ca4 persons were wounded, but none killed. be return fire caused the negroes to dis SIn the meantime a negro et ire to a gin la the neighborhood of Waterproof, con taiii saaty bales of cotton. It is asserted that 0tlsws a preconcerted signal for a geeral rasy of the colored people. This man was agterqisf, by some persons unknown, f;on and llWM. Ths, together with the kil t aallaatro, also by pesens an knews sd n Unknown, were the e ly lhu Uirs [MI s sa bua~t . t sled mss ted twi et r as hmwde parts at u f b6 p"is. * An armed body of White men, lafai uder I a warrnt for the arrest of puil a, Who, Its was supposed, had passed into Ooa. orda eld- I tered that parish for the purpose of the eze- A cution of the warrant, and whilst there some i eight or nine codlored men were killed.' I On the return of the men from the adjacent J parishes, who had gone to the assistance of a the whites, quiet was gradually restored and I everything is now peaceable. The events of c those few days will, I trust, serve as a lesson out of which possibly good may ultimately a come. It may teach those who lightly engage e in sets tending to such terrible consequences L to halt before again venturing In that direc tion, and It must necessarily result in array- d Ing solidly against such persons those whq i have at heart the well-being of the oom- r munity. I do not know how far steps for the F punishmuet of* those persons who brought c about this condition will be sueessful. Po- a litically, the officers of the distriot in which a Tensas is situated are Republican, the dis- a trict judge and district attorney being of that 1 party. I had intended going in person to t several other points where it is said violence t has occurred. Circumstances over Which I I had no control have delayed and prevented a mi_ t S me. - The condition of the general fund of the State has not been as favorable during the r year 1878 as during 1877. The quantum of e collections has been inadequate to meet the warrants as drawn under the appropriations. , This state of affairs has led to considerable hardship and loes. It results in some mess ure from the slowness of collections attributa d ble to the epidemic and the derangement of e business caused by It. but It is more largely due to the fact that the last General Assem . bly reduced the general fund tax by one and a half mills, . e., from four mills to two and a half mills, and made no corresponding reduction in appropriatlons. This cause, as well as the reduction of licenses then mqadefqr the future, was founded upon the revenue expected to be derived from the act commonly known as "The Moffet register law." This act has never been put into execution from the fact of an injunction proceeding being taken against the Auditor, which, although decided in favor of the State In the lower court, is yet finally undetermined. By tills failure of the expected source of revenue, the appropria tions predicated upon its sud ss have been nrwesearily without prompt means of pay ment. This condition of things has been aggravated by the misapprehension which seems to have existed on the subject of the "State-House fund." At the time of the passage of the revenue bill of 1878 the Su, preme Court of the State had decided the set No. 6 of April, 1875, providing for the settl aside of one-half mill from the g fund to the State-House fund to unconstitutional, but the decree pending on a rehearing, and subsequently reconsidered and the validit of the sot sustained. The general fund thus not only deprived of the revenue quent on the su, a exeoution of "Moffett register law," but also of one-hbalt mill not apparently contemplatle at the of the sa~dtqent of the revesle and sppm priation bills of 1878. The loss to the State resulting from the depreciation of State wer. rants is obvious-a loss caused not only by the derangement which ýt produces in her affairs, but also by the increased aest entaled by the desarture from a cash basis. Irec ommend great care in this particular. I urge upon you, as a sacred duty, the most sbsolutq economy in appropriations. A mere glands at and comparison with the constitutional expenses of the government and the maxi mum taxation allowed by the constitution, will point to the imperative necessity of economy, if not parsimony, in making app prlations. And in this connection I can oal repeat what was said in my last annual sage-that the creation of new and I sources of revenue should not be made . basis of additional appropriations. curtailing appropriations to the last poessible point, I urge, within the limits of your con stitutional power, the importance of fxin such a rate of general fund taxation as may put the general fund upon a cash basis, thus saving largely, as already stated, in the cur rent expenses of the government, Your duty in this partiealar will be some what facilitated by the reduction in the legis lative expenses made by act No. 42, of the regular session of 1878. Whilst on this sub ject, I urge upon you the immediate repeal of so much of act No. 58, approved March 12, 1877, as provides for the payment of the per diem of the members of the General Assem bly, the expenses thereof, and the warrants of the constitutional oficers for the first quarter, by the Flecal-Agent, from an advan.e on his part of $300,000, on which he is allowed five per cent interest. This act is objectionable in several particulars; in the discrimination which it makes between the members of General Assembly, its employees, expenses, and the salaries of the constitutional officers and those of other officers who Tive their whole time to the State and depend exclu sively upon their salaries; in the payment of interest to accomplish the eashing of one class of warrants, whilst others equally as meritorious remain unpaid and are forcibly depreciated thereby. Besides these objec tions, the provision virtually does injusticeby allowing interest on certain salaries and not on others, and by permitting this interest to run on the whole amount advanced by the Fiscal Agent, until the deposits in his hands, to the credit of the general fund, accumulate to the sum adequate to the payment of the entire advance with interest, instead of providing for the restriction of the advpnce and consequent ratable stoppage of interest by the deposits to the credit of the general fund in the hands of the Fiscal Agent as they are made. Should you desire or deem it absolutely necessary to provide a certain means of payment for the services and claims which you may deem essential for the carry ing on of the government, it seems to me you could better accomplish this result by placing all claims which may be considered of that character on the same footing, and directing the proper officers to set aside from the gen ervl fund, as it accumulates, an amount sum clent to Insure their payment. The bonded debt of the State now amounta, in consolidated bonds, to $11,72,800; estima ted amount yet to be funded $488,100; gemerpl fund warrants (Kellogg's statement), $18Q, 720 92, as reported to me by the Auditor. wth collecton of revenue from the aS.sn a hlth mills tax not having been adequaeb to the payentoat the Intaget onepoeo d. bt hI aatislhjp-bf 'Ut heig g1Y~ ~9l:~i~F,.g ·· ·*- i.r ;? "' ma ? a -F I lythie pnawslam t themdiun law, n tate l i seslai e uthorised to be lfoed to the a eXtest f u.1,00,000, or so musi therhme as f t might be neaesary, payable forty years from c " the first day of January, 1*74, to bear interest a at the rate of ? per cent per annum, payable i ! semi-annually in the cities of New York and I 1Nw Orleans, on the first daysof July and a January in each year, Interest coupons being i annexed to the bonds. The provision made : I for the payment of the principal and interest I r of these bonds, thus authorized to be issued, I Was a tax of five and a half mills, tobe annu ally levied on the assessed value of the prop 5 erty, real and personal, in the State. The language of the statute Is as follows: "That a tax of five and a half mills on the dollar of the assessed valuepf all real and personal property In the State, is hereby an nually levied and shall be collected, for the I purpose of paying the Interest and principal of the consolidated bonds hemeln authorized, and the revenue derived therefrom is hereby i set apart and appropriated to that purpose, Sand no other, and that it shall be deemed a felony for the Fiscal Agent or any officer of I the State or Beard of Liquidators to divert 5 the said fund from its legitimate channel, as [ provided, and upon conviction the said party t I shsbl be liable to imprisonment for not more than ten years nor less than two, at the dis creti~n of the court. If there shall, during any year, by a surplus arising from said tax after payin* all Interest falling due on that year, such surplus shall be used for the pur- t i chase and retirement of bonds authorized by this act, said purchases to be made by the t said Board of Liquidation from the lowest offers, after due notice; provided, that the total tax for interest and all other State pur- J posse, except the support of -public schools, shall never hereafter exceed twelve and a half mills on the dollar. The interest tax afore said shall be a contianing annual tax until c the said consolidated bonds shall be paid or t redeemed, principal and interest; and the C said appropriation shall be a continuing an 3 nual appropriation during the same period, t and this levy and appropriation shall author- C ize and make it the duty of the 4.ditor and t Treasurer and the said Board, res lvtely, to ! collect said taxsauusly, and pay said later- 1 east, and redeem the said bonls, until the same t shall be fully deisohrged." The statute was accompanied with constt- c tutlonal amendments, limiting the debt to $15,000,000, making its provisions a part of the constitution, and providing, "That the revenue of each year derived from taxation upon real, personal and mixed property, or from lcenses, shall be devoted solely to the expenses of thesald year for which it shall be raised, excepting any surplus remaining which shall be directed to the sinkiag of the stilon ca me into power the Board of Liquidation under it, fnding the existence of a deficiency in the in terest funda the previous year, and desirous of protecting to the full extentof its power the credit of the State, made an arrangement with the Viecal Agent, by which it assumed the obligation of taking up and holding for its own account some of the coupons of in terest which would remain unpaid for the want of collection of sufficient funds. The charao ter of this arrangement and the circumstances under which it was; made were as follows: The fiscal agency was established by the sec ond section of act No. 3 of 1874 (the funding act), and its rights and duties will be found' enumerated in that act and in acts Nos. 58 and 77 of 1877 and act No. 28.of 1878. The act creating the position is signally silent as to any duties to be performed by the agent. When the present administration came in, it found the position of Fiscal Agent one of great advantage and profit to the agent, but with no compensating obligations towards the State. With this condition of thedutiesof the Fiscal Agent,the State government also found not only the January coupons of 1877 unpaId, but a large number of deferred applications for funding, which made it certain beyond a doubt that the funding of these bonds would so increase the volume of the funded debt, that the coupons of 1874, 1875 and 1876, at tached to the bonds to be funded, would not be promptly paid. The government was entering upon its do lies under the most adverse aciromstanes The people poor, oatsandlpg personal In dsebdeeas larg, State, paeodbial and nim el*aiatz rsdaf sIg afldo the ase - sir t atis t e ,tjr ba*set hll~ddL IICi avowCL -'i -jite . am sd , w, esail.er, te. to agent. lit qenemisi sl thatn ae thues te advantages ween, sost that: te ee, ma is might atllihieam a forthshoif e obla somen a correspoading adatssage to the State The st result of this isggestio was an announce. e meat by the board, in the exareie ot their ad power of election, that they would not con d sider any person a sultable eandidate who g would not be willing' to ersh the coupons de The contrast with the iscal Agent was to at pay the coupons of No. 2, January 1, 185; d, No. 4, January 1,187; No. 6, January 1, 1877; u- No. 7, July 1, 1877; No. 8, January 1, 1878. ' It Is to be remarked that the State con e tracted no obligation under the promise. It was to pay no Interest. The Fiscal Agent, to 18 be elected, was in reality to take up the par ad ticular coupons and to wait for payment from n- the interest tax as collected. It is true that be the board agreed to elect for four years, but SI all parties knew that this provlsion was sub , ject to the power vested in the board of re )7 moval for cause, and subject also to the full ", control of the OeneralAssembly over the whole a subject matter. Prior to the announcement of by the board of what it would consider neae it sary to make eandidates eligible, if I may use as the expression, it was generally supposed ty that there would be a number of applicants re for the position, but on the day of eleotio - only one single candidate offered-the prsenat 15 Fiscal Agent-who was consequently elected. x The State National Bank was eleeted, and was at qualified, and has carried out the ob.lgations r- under the stpulation of the bdhIs' It is the yI holder of compons which are yet anad, about e the followlng amounts: 1877, funds of 1876................. ,5780 16 1877.....................,,wi so - January, 87s, 1 und of 1877......... 12., 90 'if Total.................... .......820,474 80 With the payment of the January coupon I of 1878, Its obligations, under the stipulation a Imposed by the board in electing the agent, te eased, except in so ir as coupons of former n. years, covered by the agreement and annexed d, to bonds yet to be funded, after that date, are r concerned, and, therefore, both the agent and 9d the board fell under the rights and duties of t each, solely and exclusively, agauged by the - law. Under this conditon of things, when s the J>ly coupon of 1878 was about besaoing. due, and it was apparent that delay would - oaur, the Fical Agent agreed to make a l r ther advance for the purpose of securing o prompt payment. The attention of the Gen. eral Assembly of 167e was alled to the stipulation made by the Board of Uqul datlon in electing the Piscal Agent, and to the advanoe made by the Plscal Agent, In cashing coupons covered bythe obligations assumed. Aet No. 2e of the Extra Session provided for the reimbursement of the Fiscal of the amount of his advance, together th the 5 per cent interest thereon from the mptionof thedebt fuad," a fund to be posed of anysurplus as mentoned in the unding aet and artile of the consttution which I referred. I could not give my ap. al to this enactment; first, bedause it to allow Interest to the FPisce Agent a fixed past date, without reference to time of actual payment; and, seond, be. St delayed the application of any sum the credit of the redemption of the debt ad, until it reached the sumof the advance, as compelling the State to pay Interest on entire advanoe, although memns to pahke payments would be on hand deposited with the Fiscal Agent. objections were, at an early date, com unicated to the Fiscal Agent. The enaet eat finally received my approval few days the maturity of the July coupon, upon presentation tome at a formal waiver on part of the board of direetorsof the Fiseal t of what I coaceived to be the obje© ble features of the law. My opiuion was and now is that the proviions of No. N at 18.78, gIing Interest ware only 1liable to advances made sad to be made the Fiscal Aenmt, unoder the arragement int at the dateof his election, and the iaterest on the adreevances made in ly, If deemed proper, would haveto be pro for by addtioa leislation, the ad havYing already been paid sad the In betang ior a small aomat. As the for the payment at th e .pons ao amary, 179, approachesd, It became bvies lthe sum to the eeAi of the literest found rthat year would be inadequate o the flint January to the prompt payment of the When this fact beasne reasonably eartain Board of Liquidation Invited and request the Fiscal Agent to take up and hold for account thesonuary eoupos until moneys d come in to pay them. This the Fsimal Agent declined to do, for the reasons assigned by it in a commuaidation addressed to the board, exprsaeng, however, a willingness to rsign the agency to. any bank which would undertake to pay the January interest and re y it the amount of W506,44. 80, coupons of oer years, which it had cashed for the tate under the ar angemet already rsferred to. The board thereupon appointed a com mittee to wait upon the various banks of New Orleans to ascoertain whether any of them would be willing to aenept .the ageoy uope this condition. The committee reported that no bank eould be found willnto do so. The requirement by the Feiscal Agent, as eoandi tion of his resigation, of the payment o the sum for which he was In advanee hal been harshly criticied, and it ha been asserted that its being insisted on prevented thesub stitution, in his piece, of a new agent, who would have advanced the January Interest had that condition been waived. Had the Fiscal Agent made this waiver and the board consented to a subtt tution of a new one, whose sole obligation would have been to pay the Janu ary coupon of 1879, it would, in sacepting the resignation of the present agent, have neces sarily released it from all its obligations e tered into at the date of its eleetion; hence, the coupons of 1874, 1875, 1876 and 1877, upon bonds not yet funded, but which will have to be funded, and whleh are now secured as to their payment by the arrangement as afore said with the Fiscal Agent, would have been immediately uncovered, and the attempt to secure the January coupon would have been at the eapesse i the couponsof framer years. Such a proceeding on the part of the board would have been utterly unjustflabe. The legality of borrowing money to pay the Je aury coupa s of 1S1 was easldered by the board, and the aconiamson was reaehed the.a had no such power. The fadl~glaw pie the method of amt the AMA be the isylpta ofttebdshaeeldwr iL 'There bupoe e.sr *.t .S.IJet. -I. - - _.. .i sm tDm al etihl to r I dem to a bowever, that the palrae t Itatnna , -I money advanced Rpot a bonm lregd y w eiias Interesert wasdoe uaider he set Xlob t., ll e9hould notbe peated. I samlgatiJ . sirous of the prompt payment by the State o her obligation, but do not balbev, that the borrownlag of mooey on lat@res if. the pLp pose of taking up special oupwas of Ialreg Is a proper method of reahing that rault Over and beyond other objections, I thik that such a system introduces a spealatlsy element to the conlsderatlon of our tate > e. curltlee. I think It preferable for all pres that they should rest exclusively upon what the State is able to do from ts m t reouree. We should, then, no longer aee the 'vole. fluctuations which the belief as to what a particular individual or bank would do or no do has already given rise. It has been said that It was the duty of the Board of Iqaid.e tors to remove the Fl.cal Agent and sele. another willing to advance a sum adequate t cover the January (1879) coupo. Apsae from the faet that such a course, as slady stated, would have uncovered other coupon , there was no authority In the board so to do As mentioned heretofore, the scope of tie duties of the Flacal Agent le defined t athe funding sot and laws passed n eouneotR therewith. By the terms of thea tof !ei the power to remove s give to bie boasi. solely "for muse," which necessarly meas. for legal emaus, that is, for the falure, asts part, to perform some duty Inaemb.at qn I by law, sad no legal obligation belag lmpose upon the .neal Agent to advaseeath monm required to pay theJanuary opeons, It is ob. vious that the lineal Agent's uswaalsga to do that whlb It was not legutlly oio do could net have aforded tbe legal emaote the removal eoetemplated. The fet that tbe aosy r sot l~a .," , ury to pay prompIty all of the JeauIray 06 pons of 1879, Imposes upon you the"'a of adopting Immediate legidsutio $ equitable distribution of the edsasm-w lo h'ad and to soemmulats; and the ooe801ww of the deflaenoy points to the aseim ey ,e -° Imposes the obligatlcs, at taking sa as w sumr the fall and juastemm I of tpire vilamo l mfd a the f ot the imns for tha epasyentof thee debt. I have alhady bsated that, l8my eg1 to, athe Ifanlls e to y peuep$ L pa tiIa In tma sems rsnlie thlt year i pilde #sast n uonmse 1eegi ate, t dl conmMtered pet igs u tine l a .. I balleWtdlh Ibl1 is atth bIt I to tbhelvei naiueyf the le sesesnment of W e a. tlhes. The'fi-r me of Uroqubth r enrmat, end weshUll hian do not ply 5 a proper .ensey has two Asdel sr IMw e intoerat npon . of July s a -ab ! r Jaseef R Svio that te law should m referene to hng aree ash mup I asposs.le m em hf them prsidm , m nstead of da.sfsre tM t smnttam tof coile tor tai deys eyoad te t ary, tamose of lAft en Jssaen.4 adtvaeed, Th lt to DIeeueMba July t a. I gals a Tor attnu .iýa* I did that at theprevik s O *ee ll s to the aesuit of prep helig .fii, this edubedt. By postpolg tipb of taxation to the dose of the VYIMr onlyar tshe ineeest fund, sha ad funds sar. The georal fea d in embarrased and the e:penaes .t=e largely nereased, for, If we oemdAur whih the Stat is compelled to piay for d artpl absolately needed whb to meat is mUde In 1aeb, and thprie same whbb the paymleta are tebe depredated waants, the dlSuAam is p-'ln. This deaence repeagse& tas aieoat Which the people hae t# by laureed taxation, ad which, under the m.lbtaen suiee of tually readers the burd.os of more onmrma. , I nave spokeaor law Ir e qi pyrment of tae, ad ah stbrd" lerslatleah the sub)et I as so a a matter of justie and ripb ''Twi yet tlhe ass tidhividuals pWs't whilst othkr eqeally at, Ia ie,;. nstanes mite able to do seh si f selve behind the looseness of the the law, ai thus avoid their plai than. There are large numibers large imam ad property, whe years 1 U1sd1eUas miatteror have deibeately ahstained firees just prdpottMIoa the burdem@Is afIh tme. They should be foreedtd u pstrfoite pstle ad beeepelledt6 better dilhms are dolng voklpm . i true that the sam re emed ae wh thee wmuing edtisees wil operate hatrhly upH those waho, 1i01s pursra their duty, are yet aaueYdgui but, as matters std, the snis remedy waeh ilda ges the heterw, bS number of ease is sbae adevaltag those whose a ae ails le or am ~aI I think experslas teuee tha thued system is the best whih, after the s revenue has beas lied at the tWy poeembpdat, srdeuuhsamea ma the eoleetos ao the see ae Qusasrl1r s tam, ths equ hy dislb trieb g tMebe dasi gover.memt, thas saving ta~-e s from the wllin bemtse of the duigA neA~ f the usawilg. Themes of smuer suastly reognise teir dEty ad psliU psor and ts beseast of a i stemd dr cn0 generuaaly emste to the advantage at twhom able to pay, but do not dses.ti na avold it. It sem to me that tith p 'eI remedy of a paper ale or tri a i tliiig the Stat., with a period of teos igig! right tof redemption, is illaeory 7s mSNOW of enitlag ecileellcn. An latem gastdo laqueatloebs derlelvely onas s.mokpweesd ingoloused,asit in, by no dam"e Po easmi or hodids of ownerablp o thespet f the State. There is, I ma tod, a bauee a.eu, of property to the Stat, seeasseea that unknown peraoa wib hiaseeaed the pay meat of taxes i years. The egattlea this and other property hasb bens to heias of the State, and yet no adequate remedy b bees devised for making it evailale. Ithink leglalatlo should make It the daty f the proper tstate authorities to take Imed i corporeal posagon of property oltsitated, and I thiak asio that some llealatinashodl be devlie, giving a right surrpunded with proper lalttils, to like bpomsaesin S of other dellqust property as a asus 4 sordng tht parompt payment o the ta-s, sad thahttehirlght poeeiessbls u be lsowed eas bsose the pededof dsalp. Mi, andm t st bas saesasid bemUmei dp s U spee ty, byh leasre u~aDiti I-UU bbr~s 1~·~~(