History of Tennessee, its people and its institutions . Gov. James D. Brown to Hawkins. 263 ence to the State debt. It was urg-ed by one wing that a large part ofthe debt was fraudulent, and especially that part created dviring theBrownlow administration. The other wingurged that the credit of the State demandedthat all debts should be paid which had beenincurred by the recognized authority of theState. Governor Porter repeatedly urgedupon the Legislature to make a final adjust-ment of the State delit, and to provide forpaying the interest. In 1877, the Legislature suspended thepaymen
History of Tennessee, its people and its institutions . Gov. James D. Brown to Hawkins. 263 ence to the State debt. It was urg-ed by one wing that a large part ofthe debt was fraudulent, and especially that part created dviring theBrownlow administration. The other wingurged that the credit of the State demandedthat all debts should be paid which had beenincurred by the recognized authority of theState. Governor Porter repeatedly urgedupon the Legislature to make a final adjust-ment of the State delit, and to provide forpaying the interest. In 1877, the Legislature suspended thepayment of interest on the State debt, andreduced the State tax from 40 cents to 10cents on the $100, and appointed a commit-tee, consisting of John H. Savage, G. W. hon. james e. baile-^,Martin, Jesse Arledge, W. E. Travis, and united states Sheppard, to confer with representatives of the bondholders. Anadjustment was proposed, to the effect that the debt should be fundedat the ratio of sixty cents on the dollar, and bonds given, bearing six percent interest. An ex
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