Louisiana -- Politics and government -- 1865-1950; Reconstruction (U.S. history, 1865-1877) -- Louisiana; Thesis (Ph. D.)
And just when the finances called for a policy of retrenchment
was the time when the legislature saw fit to embark on a system
of extensive internal improvements. As has been remarked by many
reconstruction writers, there was a conscious purpose to introduce in
the South the energy and methods of the North and West in the hope
of similar economic results. It was recognized by the conservatives
that introduction of new railroads was necessary for economic
rehabilitation. But it must not be forgotten that the sable statesmen
who were called upon to ponder problems of high finance were ex-slaves
who had had the experience of a porter’s tips or the extra half-dollars
of a plantation hand. Of the numerous bills of that nature introduced,
a considerable number passed, lending State aid with a liberal hand.
The enterprises were chiefly of three kinds: canals, railroads, and
the ever-pressing levees. The Mississippi and Mexican Gulf Ship Canal
Company profited by this spirit to the extent of $600,000, issued in
the form of State bonds under a first mortgage, running the generous
period of thirty years[119]; the New Orleans and Ship Island Canal
Company to the extent of $2,000,000 and a large bonus in lands.[120]
The House did not find it necessary to debate at any great length the
measure which legislated away the former sum,[121] but far otherwise
was the history of the latter act. Introduced into the session of
1868, it had been thoroughly discussed in the Senate and passed by
that body and came up in the House in 1869 as unfinished business.
Its objectionable features had not been so clear while passing the
Senate, but by the next session it had been thoroughly aired by the
press.[122] It declared the system of the Drainage Commissioners of the
Metropolitan District “erroneous in principle and unsuccessful from
experience,” and so gave over into the possession of the new Canal
Company all the funds and assets of the commissioners to the amount
of nearly $2,000,000 and public lands in installments to the extent
of 400,000 acres, on the ground that this canal would accomplish
the drainage of the entire district. As this fund had been raised by
assessment for the special purpose of drainage, the opposition held
that it could not thus be diverted. But, nevertheless, this bill was
pressed through the House January 29,[123] under heated personal
debate, extending through several days, and after having suffered much
amendment. Although vetoed by the governor, it passed both houses with
the requisite majority March 2.[124] Smaller sums were donated to minor
enterprises, as $50,000 for the improvement of Loggy Bayou; $20,000 for
improving Bayou Vermilion[125]; and $80,000 worth of credit loaned to
the Bœuf and Crocodile Navigation Company.[126]
Public-domain text, read in full here on John Shaqi.
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