Reconstruction in Louisiana after 1868 — John Shaqi
Reconstruction in Louisiana after 1868Lonn, Ella
History
Reconstruction in Louisiana after 1868
Lonn, Ella
Louisiana -- Politics and government -- 1865-1950; Reconstruction (U.S. history, 1865-1877) -- Louisiana; Thesis (Ph. D.)
Aid to railroads was equally liberal. In its zeal the House on February
23, without the reading of the bill, pushed through all its stages the
incorporation of the Louisiana and Arkansas Railroad Company, granted
it exemption from taxation for ten years, a right of way three hundred
feet in width, and the privilege of all the timber for one mile on
each side of the road through the public lands.[127] But of all the
railroad bills, by far the most conspicuous was that which extended
a helping hand to the New Orleans, Mobile, and Chattanooga Road. It
came up in the House February 4 and was pressed to a final vote that
very afternoon and its amendments concurred in by the Senate February
14.[128] The bill provided for the guarantee of the company’s bonds
by the State under the security of a second mortgage to the amount
of $12,500 for each mile within the State west of New Orleans.[129]
Parishes along the route of the Vicksburg Railroad were encouraged
to aid that road by the purchase of stock or the issue of bonds, in
addition to the State guarantee of its second mortgage bonds to the
usual amount of $12,500 per mile.[130] Still other roads had found it
worth while to besiege the legislature.
The great problem of improvement most urgently pressing was not
adequately met--the construction of a satisfactory series of levees
for the Mississippi River. A State loan of $4,000,000 had been
provided for in 1867 for that purpose but the bonds had not been
readily disposed of.[131] The Board of Levee Commissioners had made
contracts for a large amount of work but the legislature of 1869
found no work accomplished--only the bonds of the State pledged for
work authorized to be done--and so was placed under the necessity
of authorizing the sale of the bonds.[132] The House made a valiant
effort to meet the problem in the passage of a bill to issue bonds to
the sum of $5,000,000 to provide means for the construction, repairs,
and maintenance of the levees and other works of improvement, but the
effort died there.[133]
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