Louisiana -- Politics and government -- 1865-1950; Reconstruction (U.S. history, 1865-1877) -- Louisiana; Thesis (Ph. D.)
The legislature took to heart the governor’s statement that the
questions most urgent were such measures as would most speedily “bring
railroads, open natural watercourses, and facilitate ocean commerce,”
without heeding his warning of the need for rigid economy. The orgy of
voting away paper money to aid paper railroads and canals went on with
even greater frenzy than before. It was unfortunate that the governor
did not carry the courage of his convictions further and instead of
vetoing but six bills, do his part to quash the thirteen laws[308]
which appropriated over $800,000 in actual subsidies; which granted
away valuable timber along with the right of way to a new railroad; and
which granted exemption from taxation to another canal company. The
loose extension of $40,000, which had been appropriated the preceding
session for the removal of obstructions in Bayou Bartholomew, to “what
more might be necessary”[309] is indicative of the business care
applied to the State pocket-book. The governor’s signature to the bill
for the purchase of a site and erection of a State capitol[310] may be
regarded as raising the State indebtedness by one and one-half million
dollars. He suffered an act guaranteeing the second mortgage bonds of
another railroad to become law without his signature,[311] but the
measure which guaranteed the principal and interest of a warehouse
company to the amount of over a million dollars was obliged to pass
over his veto.[312] The total amount added to the State debt by this
Assembly amounted to about four million dollars. Nineteen different
appropriation bills were passed, aside from those granting subsidies.
But it was apparent by this time that much of this effort to stimulate
development by State aid was barren of result. Some roads which had
received State aid had nothing to show for it, and committees of
investigation “to ascertain whether the said company has complied
with the conditions of the act” incorporating it were beginning to
appear.[313] So strong was the feeling that the governor recommended
to the next legislature that unless work be begun actively within six
months, certain railroads should lose their charters.[314]
Public-domain text, read in full here on John Shaqi.
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