OCR Text |
Show A'JCOEDIN TO ths S!:;-i"j I.ut twelvo cf tne i..utr.ern itti hsve ei'.ner repudiated, or IhreaUn to repud.a'.ea large part of their d-.b:s, or are 111 d-fault. The states that bate repudiated are A.abama, Arkc;kj, K.onJ. Geurg:, N rtn Cirolioi. rLuth Carolina and M:a..-s:ppi, M:a..-s:ppi, luough Giorg: repudiated onLy certua raii.-oad b.n : wl.icb were uf a doubtful ci.aract.r. I..c state credit wis c jt mater;, j ir ; ind hy the act, ani G-.-ori can, brjrrow ail tne money she wints cn 4 per cent, eecurstie. Mmi-:p:.i repudiated re-pudiated before ths wr, and would nave done so since, bid v.e brt:n ahle lo borrow renney. No on 1 m,A gi h'.-r credit. Vir-inii i.ai coniLromnd wi'.h its crdi'.orj and is b t.t'.y Irving Irv-ing to piy pirtyf itsdthtd. l.nr.f!c and L.ulsiar. 1 are d-crmmcd tirr.-.o r-pid.a'..OQ r,( the moH i.m-.'Lj; curator Aikariijs, Njrtn Cr .lin ar.-J H.'ith Carolina h70 rporlntd port; of tr.-ir d.'!, aro in dfa-ill Witii tne rtm.Ldcr, ar.d wil. .rrili.4l.ly make a clran s wr p Ti x s -in 1 M;i I ijun have not repudiated, but ti, m- d'caduni are It'.al ih'y m, do o, at leat as to a large p-.rtion cf their I |