History of Tennessee, its people and its institutions . to efficient operation by theState Superintendent, Hon. John A^. Fleming. A strong opposition was, also, offered to his financial policy. Inspite of this, his influence was sufficient to secure the enactments whichhe recommended. During his two terms, the bonded indebtedness wasreduced from $4T,<%3, to a little over $20,000,000; a large float-ing debt was liquidated; an act waspassed to fund the State debt at par; thepayment of interest was resumed, and thecredit of the State was fully important economic legislati
History of Tennessee, its people and its institutions . to efficient operation by theState Superintendent, Hon. John A^. Fleming. A strong opposition was, also, offered to his financial policy. Inspite of this, his influence was sufficient to secure the enactments whichhe recommended. During his two terms, the bonded indebtedness wasreduced from $4T,<%3, to a little over $20,000,000; a large float-ing debt was liquidated; an act waspassed to fund the State debt at par; thepayment of interest was resumed, and thecredit of the State was fully important economic legislation wasenacted. Having served two terms withdistinction. Governor Brown declined tobe a candidate for reelection. In 1874,lion. James D. Porter (Democrat) waselected governor, with a Democratic Leg-islature, and was inaugurated January 18,1875. 471. Governor Porters Administra-tion.—Governor Porter served two terms,extending from 1875 to 1879. Early in his administration, the FundingAct of 1873 was repealed. The Democratic party was divided in refer-. Gov. James D. Porter.
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