Image 4 of The Meridional (Abbeville, La.), September 14, 1895

Description

State Finances The highest test that can be ap plied to the administralon of public affairs in the condition of the State finances the manner and method of their handling and the results that followed as the expiration of a term of office approaches We propose to submit some facts concerning the management of Louisianas finances that willI be startling to the enemies of the ad ministration and that will rove to 9 arguments more potent than any idle words of praise that could be bestowed arguments unanswerable to the minds of all lovers of wise or good government At the beginning of this adminis tration there were outstanding 486000 of past due unpaid coupons every dollar of which has been retired asd provided for There were outstanding warrants for 1884 85 and 86 amounting to 840000 and this entire amount has melted away under the present administration There have been retired and paid dn full 512400 of interest bearing tate bonds maturing in 1914 thus reducing annually 20480 in in terest alone which the State would have had to pay and aggregating a total saving in interest of about a half million dollars Today there in not a dollar