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THE
GREAT

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yond the reach of legal coercion in the fulfillment of Balance in State Treasury, December 20, 1874, $328,704 55 its obligations, is for that very reason under

stronger Receipts

into the Treasury from December 20, bonds to maintain its credit inviolate. Nor have 1874, to December 20, 1876.....

4,526,422 76 they been unmindful of the honorable character and Total..... un blemished credit which the great State of Tennes- Amount of disbursements from December 20,

$4,855,127 81 see has always enjoyed in the markets of the world, 1874, to December 20, 1876.....

4,715,795 12 of her reputation for the possession of large resources, nor of the humiliation she must consequent Treasury balance, December 20, 1876 $139,332 19 ly endure by any compromise whatever of her legal Receipts from December 20, 1876, to January obligations. All these considerations have been

1, 1877....

23,488 88 duly weighed, and they have induced this committee to carefully inquire whether it was not expedient Disbursements from December 20, 1876, to

$162,766 02 for them to recommend, instead of so large a reduc January 1, 1877.....

129,701 91 tion of the principal of the debt, a concession for a few years in the rate of interest, as proposed in a

Balance in the Treasury, January 1, 1877.. $33,064 11 plan submitted to the Governor by holders of a large amount of bonds, in the belief, which is generally en The retiring Treasurer, Mr. Morrow, made tertained among the creditors, that a gradual recov- the following statement of the receipts and ery of wealth would accrue to the State, and enable disbursements during his administration of her at an early day to resume payment in full. This more than six years: mode of adjustment would be obviously more gratifying to state pride, and would also afford greater Received from June 1, 1870, to October 1, present relief, and it would certainly be more ac

1871...

$1,984,027 90 ceptable to the majority of bondholders.

Received from October 1, 1871, to January 1, But, after attentively considering the statements Received from January 1, 1873, to December

1873..

2,420,091 17 of your delegation respecting the sad results of the

20, 1874...

8,618,703 52 war, the social derangement and general impover- Received from December 20, 1874, to Decemishment it has entailed, and the wide-spread disor ber 20, 1876...

4,526,422 76 ganization existing in all the industries

of the people Received from December 20, 1876, to January throughout the State, we liave been constrained to 1, 1877...

28,483 83 the decision that a summary reduction of the debt,

Total. even to the large extent indicated, is the best course

$12,572,679 28

Disbursements from June 1, for all parties concerned, and that, unless the Legis 1870, to October 1, 1871. $1,971,101 68 lature shall now see its way clear for a settlement Disbursements from October more favorable to the bondholders, it is both its duty 1, 1871, to January 1, 1878.. 2,482,858 00 and its policy to adopt the award which this commiť- Disbursements from January tee most respectfully and conscientiously tender to Disbursements from Decem

1,1873, to December 20, 1874, 8,290,158 41 them and to their creditors, as the result of their ber 20, 1874, to Dec. 20, 1876, 4,715,795 12 best judgment.

Disbursements from Dec. 20,

1876, to January 1, 1877.... 129,701 91 $12,539,615 12 The new bonds proposed were to bear six per cent. interest from July 1, 1877, payable

Balance in the Treasury, January 1, 1877, $88,064 11 semi-annually in New York, the principal to The estimated “amount necessary to be

raised for the purpose of carrying on the State government for two years," ending December, 1878, as submitted to the Governor by the Controller, Treasurer, and Secretary of State, is $1,032,532 for current expenses, and $301,500 for interest on the school-fund, amoupting together to $1,334,032.

On the 8th of May the Railroad CommisAGRICULTURE

sioners of the State sold the Tennessee Pacific Railroad at public auction, to meet an unpaid balance due the State, amounting to $150,000, with interest from July 1, 1870. It was purchased by the company, and the sum of $178,

000 in bonds of the State has been paid, leav1796

ing $3,500 in bonds and $10,650 in cash unpaid. The Knoxville & Charleston Railroad was sold by the commissioners for $75,000, one-half having been paid in bonds of the State. The Mississippi Central Railroad, having failed to

pay interest on bonds loaned to it by the State, be payable in thirty years, and the interest- was placed in the hands of a receiver on the coupons to be receivable for State taxes. The 25th of February, and has since been operated board also recommended the establishment of by him on behalf of the State. During the a sinking-fund.

year it was kept in repair, the running exThe assessed value of taxable property in penses were paid, and $60,000 was paid into the State is $268,002,485—a decrease of $20,- the Treasury of the State on account of taxes 425,835 in two years. The State tax of 1876 and interest. was four mills on the dollar. The balance The State Normal School has been located sheet of the State Treasury on January 1, 1877, at Nashville, the trustees of the University of presented the following figures :

Nashville giving the use of its buildings. The

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STATE SEAL OF TENNESSEE,

Normal School, which is now in successful maintenance of the credit of the State by the operation, has been supported thus far by the full payment of every obligation. Resolutions Board of Trust of the Peabody Education fund, were adopted advocating the preservation of but its support is to be withdrawn at the close the national credit and the restoration of an of the scholastic year of 1876–77.

honest currency; expressing entire confidence The penitentiary of the State and its in- in the ability of the Republican party to cormates are still under lease. An act of the rect the abuses and errors that may have found Legislature of 1875 provided for a new lease entrance among those to whom it had confided for five years, if the highest bid received was its governing policy; favoring the punishment satisfactory to the Governor and inspectors. of corrupt officials; opposing interference with Only three bids were received, and all these public schools by any sect or denomination; were rejected. The old lease has been ex- denouncing repudiation in every form; estended for a period of eight months, at a rental pressing full confidence in the delegates to of $10,181.75 quarterly for 800 convicts. Cincinnati, and declining to instruct, and refer

A Republican Convention was held at Nash- ring the matter of a convention to nominate ville on the 17th of May, for the purpose of a Governor and other State officials to the choosing 24 delegates to the National Conven- Executive Committee for their action. tion of the party at Cincinnati. There were The Democratic Convention for the selection about 200 delegates present, one-fifth of whom of delegates to the National Convention at St. were colored. A letter from ex-Governor Louis was held at Nashville on the 31st of William G. Brownlow was read, urging the May. The following declarations were made:

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1. That civil reform in the public service is im 7. We insist that only honest and capable men be peratively demanded.

appointed to office. 2. The unconditional repeal of the resumption act. 8. We demand the vigilant investigation and the

3. The substitution of Treasury notes for national- condign punishment of official corruption and crime, bank currency at the earliest moment practicable. according to the methods and measures of the law,

4. The resumption of specie payments, whenever and thank the popular branch of Congress for its it can be effected without injury to the business in- unfaltering efforts to uncover and punish official terests of the country, and with fair prospects of peculation. being able to maintain them, the policy of the Re 9. No bounty to any one class engaged in special publican party having rendered 'early resumption industry, to the prejudice of other and more numerimpossible without the ruin and bankruptcy of the ous classes pursuing occupations equally important, country.

and opposing protection for protection's sake. 5. We demand rigid economy in expenditures, 10. We declare hostility to all legislation designed and strict accountability of all officials charged with or calculated to foster and favor the few to the detrithe collection or disbursement of public money. ment of the many.

6. We are opposed to the further contraction of 11. We insist on the subordination of the military the circulating medium, and believe commercial and to the civil authorities. industrial interests would be promoted by the re 12. We declare unfaltering fealty to the Constituplacement of a portion of the currency already tion, and oppose any attempt to enlarge its puwers withdrawn..

beyond its true spirit and meaning.

13. That delegates to the St. Louis Convention be, ganization of the three departments of the and they are hereby, instructed to vote as a unit on State government is more or less altered; as, the vote; and while we will yield

an unfaltering and in the executive, some of the officers are made zealous support to any sound and capable Democrat elective; in the legislative, the number of who may be nominated for President, and while we Senators is fixed at thirty-one, and of Repredo not instruct our delegates in regard to their sentatives at ninety-three; and it establishes votes, yet we express our preference for the Hou one Supreme Court, consisting of a Chief-Juscapable, favorably located, and, in our judgment, tice and two Associate Justices; one

Court of combining more elements of success than any other Appeals, composed also of three judges; and named aspirant.

twenty-six District Courts, held by one judge During the month of August, party conven- each. By ordinances appended to the new tions were held, at which the action of the constitution, the convention divides the State National Convention was fully approved and into twenty-six judicial, thirty-one senatorial, their platforms reaffirmed. Candidates were and seventy-nine representative districts. nominated for presidential electors and for Governor of the State. James D. Porter was nominated by the Democrats for Governor. The Republicans made no regular nomination, but —— Thomas was put forward as an independent candidate. George Maury was supported by a portion of the Republican party, William T. Yardley (colored) by others, and A. M. Hughes by a small number.

At the election on the 7th of November the total vote for presidential electors was 222,732, of which the Democratic candidates received 133,166, and the Republican candidates 89,566, making the majority of the former 43,600. For Governor there were 210,632 votes cast. Of these, Porter received 123,740, Thomas 73,695, Maury 10,436, Yardley 2,165, and Hughes 596. Porter's plurality over Thomas was 50,

STATE SEAL OF TEXAS. 045; majority over all, 36,848. The Legislature chosen at the same time, to hold its session in The new constitution makes the State elecJanuary, 1877, consists of 20 Democrats and 5 tions biennial, and limits the duration of the Republicans in the Senate, and 57 Democrats, legislative session to sixty days, except the first 16 Republicans, and 2 Independents in the session, which may be extended to ninety days, Honse. This makes the Democratic majority with a still further extension of thirty days, 15 in the Senate and 39 in the House, or 54 on if the Legislature deems it necessary. joint ballot. The Secretary of State, Con The convention submitted its work to the troller, and Treasurer, are elected by the Legis. people at an election held on the second Tueslature. In January, 1877, Colonel O.W. Gibbs day of April, 1876, when they should ratify or and Colonel J. L. Gaines were reëlected to the reject the new constitution, and vote also for offices of Secretary of State and Controller, the State and local officers specified in it. and Colonel Marshall T. Polk was chosen In preparation for this election, the DemoTreasurer. Colonel Polk is the youngest son cratic Party of Texas met in State Convention of a brother of James K. Polk, a former Presi- at Galveston, at the end of the first week of dent of the United States. He was educated January, 1876, to nominate candidates for at the West Point Military Academy, and State offices, for Judges of the Supreme Court served in the Confederate army, a part of the and Court of Appeals, and for presidential time on the staff of General Leonidas Polk. electors; also to choose delegates to the Dem

James E. Bailey has been chosen United ocratic Convention at St. Louis. The nominaStates Senator, to complete the term begun by tions resulted as follows: Andrew Johnson and continued by D. M. Key, For Governor, Richard Coke; for Lieutenwho was appointed by the Governor, but failed ant-Governor, Richard B. Hubbard; for State of election when the Legislature met. Judge Treasurer, A. J. Dorr; for Controller of PubBailey is a lawyer of high standing, a native lic Accounts, Stephen H. Darbin; for Comof Clarksville, and before the civil war was a missioner of the General Land-Office, J. J. prominent Whig. He served as a colonel in Gross; for Attorney-General, Hamilton H. the Confederate army.

Boone. TEXAS. The Constitutional Convention For Chief-Justice of the Supreme Court, 0. which met at Austin on September 1, 1875, M. Roberts. For Associate Justices, Messrs. to revise and amend the organic law of the Moore and Gould. State, closed its session by final adjournment For Judges of the Court of Appeals, John P. on the 24th of November. Among other White, M. D. Ector, and C. M. Winkler. changes made in the old constitution, the or For presidential electors at large and their

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alternates, the following were declared nomi- energetic efforts to afford them adequate protection nated: D. C. Giddings, of Washington County, in person and property by the State, we also earnestand S. H. Epperson, of Marion County, elec- ly appeal to the General Government to give that tors; Columbus Upson, of Bexar County, and erty thus exposed, to which they are entitled under Samuel J. Adams, of Dallas County, alternates. the Constitution of the United States.

The following platform was adopted by the 4. That the Democratic party, firmly upholding convention :

the Constitution of the United States as the founda

tion and limitation of the powers of the General We, the Democracy, in convention assembled, Government, and the safe shield of the liberties of hereby declare our principles and policy, and ask the people, demands for the citizen the largest freefor them the popular approval :

dom consistent with public order, and for every 1. We reaffirm our faith in the principles of the State the right of self-government and home rule; Democratic party, as heretofore enunciated by our that, to uphold the former and protect the latter, the State Conventions, and congratulate the people Democracy of Texas plants itself for the great leadupon the faithful redemption of all the pledges ing principles enunciated in the inaugural of Presiupon which the Democratic party was recently dent Jefferson and the farewell address of the implaced in power in Texas; and point to the honesty mortal Jackson, and enters the contest of 1876 with and efficiency of our present State administration, as the firm conviction that the elements of opposition a guarantee of our continued fidelity to the interests to the national Administration should be consoliof the State and people.

dated in the approaching presidential campaign, 2. The Democratic

party, now as in the past ad- without prejudice to the unity and perpetuity of ile hering to its policy of maintaining an efficient sys- Democratic organization. tem of general education, declares it to be the duty 5. We pledge to the nominees of this convention of the Legislature of the State to speedily establisin

our earnest and active support. and make provision for the support and maintenance of public free schools, and to this end to exercise

For the same election of February 15, 1876, the whole power with which it is invested.

the Republicans nominated a State ticket, head3. The sufferings and losses of our people on the ed by William Chambers as their candidate for frontier from the forays of savages, and upon the Governor,

and adopted a platform which cen. by the Mexican banditti, enlist our deep and sincere sured Governor Coke's administration of the sympathy; and while we hereby pledge our most State government; denounced the proposed

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new constitution; indorsed the present admin The state of parties in the Legislature was as istration of the Federal Government; and asked follows: Of the 31 Senators—Republicans 3, that Mr. Pinchback be allowed to sit in the one of them colored, and 28 Democrats, two Federal Legislature as Senator from Louisiana. of these being characterized as Independent

The election resulted generally in favor of Democrats. Of the 85 Representatives—Demthe Democratic nominees, by greater majori- ocrats, 69; Independent Democrats, 4; Repubties over their Republican competitors than in licans, 4, of whom two are colored; Granger, 1875. The majority of the Democratic candi- 1; Independents, 2; with no party designsdate for Governor in that year was 47,631; tion, 5. "Of the 21 district judges elected, there the whole number of votes then cast on Gov- were—Democrats, 16; Independent Democrat, ernor having been 152,337, out of which Mr. 1; Republican, 1; Independent, 1; with no Coke received 99,934, Mr. Davis 52,353. party designation, 2.

FLOATING DEBT.

war..

The new Constitution was adopted at the election of February 15th. The whole number Warrants on general revenue unpaid August of votes cast in the State was about the same Pension certificates and approved claims un

$212,084 57 as on the State ticket, and its adoption secured bonded...

53,287 00 by about the same majority, though somewhat Approved certificates of debt.

15,978 88 less.

Interest due Agricultural and Mechanical Col-
lege fund....

63,400 00 The new constitution, being ratified by the people, went into operation on the third Tues

Total......

$834,699 95 day in April, 1876.* The benefits expected to

DEBT OF DOUBTFUL VALIDITY. accrue to the people of Texas from it have been State bonds issued to State University fund, stated as follows:

under act of November 12, 1866, as indemni

ty for United States bonds belonging to that The adoption of the constitution has saved the fund, and transferred to general revenue acpeople from an appalling disaster. It is a rebuke to count in February, 1860.....

$184,472 26 railroad peculators; it has condemned the enemies Interest to August 31, 1876, on above bonds isof the Texas & Pacific Railroad, by preventing en

sued to University fund...

63,874 80

State bonds of act of November 12, 1866, issued try to the lands guaranteed to the road by the State ;

to school-fund in lieu of United States bonds it has secured the payment of taxes on 30,000,000 belonging to that fund used during the late acres of land, on which at present not a cent of taxes

82,168 82 is paid; it has secured to every county its fair pro- Interest to August 31, 1876, on above bonds portion of the proceeds from taxation; it prevents

issued to school-fund..

89,030 20 unjust usury; it preserves the credit of the State in State bonds,

act of November 15, 1864, issued her bonded securities; it fixes the capital of the State

to school-fund in lieu of warrants belonging

to that fund destroyed during the war... 820,867 18 permanently at Austin, and gives her 3,000,000 acres Interest on above bonds issued to school-fund, of the public domain i... which is worth, at the to August 31, 1876.....

217,849 60 least calculation, as many dollars; this samo to be expended in the construction of a new Capitol and

Total. ...

$857,762 21 other public buildings. Add to the other blessings which the constitution confers, that it is so framed

The business transacted at the General Landas to remove the objections of the fastidious in the Office, in regard to the disposal of lands befuture by its provisions for easy amendmerts. A longing to the vast public domain of Texas, two-thirds vote of the Legislature is required to pro- has been much larger during the last fiscal year pose amendments; and the acceptance by a majority of the votes cast, at either a special or general elec- than at any previous one. The number of pattion, secures its adoption. . . . Under the provisions ents issued within that period, and covering of the new constitution, the Legislature will be con- 2,421,989 acres of land, was 4,555; and new vened on the third Tuesday in April. The session files have been made covering 9,870,687 acres. will consist of three months' duration, and after The amount of fees and dues received at the that the people will be called upon to pay for biennial sessions only, and these confined to a distinct said office during the year was $54,530.91. period. The general election will be held on the The whole number of acres comprised withfirst Monday in November, commencing with No- in the area of Texas is estimated at 175,594,vember, 1878. The officers elected under the new 560; number of acres of public domain against constitution will hold their offices as if they had which no claim exists, 67,580,129. been elected in November. This prolongs their terms of office six months and some days. They

The Legislature continued its session for will be installed in office on the third Tuesday in ninety days, comprising the full time of a April, the same day that is fixed for the assembling regular session, and nearly the two additional of the Legislature.

months allowed by the new constitution, until The members of the Legislature met at Aus- August 22d. tin on April 18, 1876, when both Houses were On May 2d, the second Tuesday from the soon organized. T.' R. Bonner was elected opening of the session, the Legislature proSpeaker of the House, he having received 45 ceeded to the election of a United States Senavotes, against 43 cast for D. U. Barziga, histor, for the term of six years, to begin with competitor, also a Democrat.

March 4, 1877. The joint votes having stood, The aggregate amount of the State debt, for Richard Coke 68, for John Ireland 49, bonded and floating, on August 31, 1876, con- Richard Coke was declared to be duly elected. sisted of the following items:

The legislation of the session was strictly

local in its nature. Bonds for funding State debt, act of November

The total vote for presidential electors on 9, 1866....

$125,000 00. November 7th was 149,555, of which the Bonds for funding State debt, act of May 2, 1571...

Democratic electors received 104,755, and the

75,000 00 Frontier defence bonds, act of Angust 5, 1873.. 697,000 00 Republican electors 44,800. The Democratic Bonds for funding State Warrants, act of May

candidates for Congress were elected by a 80, 1873.. Bonds for funding State Warrants, act of May

4,400 00 combined majority of 60,476. 2, 1874...

499,000 00 TIDEMAND, ADOLF, one of the most celeRevenue deficiency bonds, act of December 2,

brated painters of Norway, born August 14, 1871

500,000 00 Bonds for payment of floating debt, act of

1814 (not 1815, as erroneously stated in some March 4, 1874..

1,000,000 00 works); died August 25, 1876. He studied in Pension bonds, acts of August 18, 1870, and April 21, 1874.. 1,099,974 00 the Academies of Copenbagen

and Düsseldorf, Bonds for redemption of State debt, act of July

and in 1841 brought out his first large paint6 1876...

875,000 00 ing, representing a scene from the life of GusTotal........

$4,875,874 00 tavus Vasa. Having returned to Düsseldorf

BONDED DEBT.

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