South Carolina presented such a carnival of incompetence and corruption that the total amount of bonds issued has never been accurately determined. Apparently there was a valid debt of about $6,666,000 in 1868, which was increased to about $29,000,000 within three years. The carpetbag Legislature of 1873 repudiated $6,000,000 of this debt, and attempted to compromise the remainder at fifty per cent, but the State could not carry even this reduced amount. Judicial decisions destroyed the validity of some millions more, and finally the debt, reduced to something more than $7,000,000, was funded. The debt of Georgia was increased directly and by indorsement of railroad bonds. The Legislature of 1872 declared $8,500,000 void and in 1875 repudiated about $600,000 more. Louisiana suffered most from excessive taxation. At the beginning of the carpetbag period the debt was about $11,000,000, but railroad and levee bonds were issued rapidly. Though a constitutional amendment in 1870 forbade the State to contract debts in excess of $25,000,000, the Legislature went steadily on until in 1872 the debt was variously estimated at from $41,000,000 to $48,000,000. In 1874, when W. P. Kellogg was Governor, the State began to fund valid obligations at sixty cents on the dollar. By action of the courts the debt was reduced to about $12,000,000 bearing interest at seven percent. The State could not pay the interest on this sum, and the constitutional convention of 1879 made drastic reductions in the interest rate. Both New York and New Hampshire, acting ostensibly for themselves but really in behalf of their citizens, brought suit, but the Supreme Court threw out the cases on the ground that the actions were attempts to evade the constitutional provision forbidding a citizen to bring an action against a State. The bondholders still refused to accept the reduction, and the Supreme Court in 1883 described the ordinance as a violation of the contract of 1874 but a violation without a remedy. Meanwhile the Legislature, after consultation with the bondholders, had agreed to a slight increase in the rate of interest; and in 1884, this compromise was ratified by an amendment to the constitution.