True American. [volume] (New Orleans [La.]) 1835-18??, 1839-02-08

eess NcuGTicut0 VIVID CuuhuCleU OeOvO I'VE YIObEcne
could be stayed. The warehouses were filled with
hardware, liquo-, &c. SC. and about 1000 pieces OF
barrn stored therein by Mr. Cannon, Swcnrugen,a and
others. The loss is variously estinIued-ffy thous-
and dollars probably, fifteen thousand Of which was
insured. Mr. Cannon, is said, the principal SUI.
ferer-ts loss being about $l5,O0O.
Shreveport, Jam "a The Cuddo Free l'ress Of this
date announces the arrival Of the Atlsnian from New
Orleans and the Denmark from Alexandria, ut Shreve
polt and says:
1.-THE river is rushing down lie race horse at full
speed. At Fulton, there has been se Of twenty feet,
and as our pap is going 10 press, We learn it has risen
here six feet "ithin the week. The navigation is now
open 10 Shreveport for the four months, and in a
few days the Eradcutor will be at the Raft tearing up
the timber which now blocks up the river above. As
vet not boa, has bee to Natchochys that venerable
town lies high and dry.
p S. A, 10 o'clock last evening the. Columbian
Capt. Dunn Arrived in six Pays from New Orleans
This is the third visit The Columbian has puid in tbs
cours: Ct five weeks. The only intelligence Of any
interest brought by this boat is. that lle Mississippi
Banks are running those Of New Orleans very closely
thus completely turning the tables on them"
The mail between Opeousas sud Alexandria, wu
days since.
TREAsUnEn's OFFICE SECOND MuSlclPALlrY,
February, 9TH 1882. !
Mr.. EDIToR:-Having seen a pamphlet addressed Il
the people Of New Orenns by &C. Genois Mayor
and which an, forced to believe emunatas from hi
Homer the Mayor, deem Tiny duty, and an net o
justice to dsprove Of the statements contained there
in, namely one charging the chairman OF the Finuhc
COMMITTEE with having removed from the Atchatulay'
Bank to the City Bank, the fund Of the Municipality
his .wn private authority.
The account Of III. Treasury was removed to the CT
ty Bank in August 1887 by myself on my own persona
responsibility, after having consulted with the Fl
nance Committee. This disnctly'told the mayor him
self few days ago when he Intercepted me the sub
ject consequently he was not ignorans Of it, r"s pro
ding to stats to him my reasons, whe" he stoppe
me- saying he o'shed no eIplanati0a
count without laying the subject beore the Council.
In August 1897 the Banks OF the city refused to tax
the notes of the Atchatalaya Bank and arrangement
suon to Iiquda,e its affairs, and withdraw il
circulation loans we've made by the Bank for that OF
ject: at this period, SO great was the want Of conf
dence in the 0fsaid Bank that they were daily
turn cd by persons employed the public work
and others in the service of the corporat'on Ia this
son IF things itbecame necessary 10 keep the accnu,
of the Treasury r another Bank, until the Atclaa!ay
Bank should lie able i,s position Of equulil
with the other Banking institutions OF the city COZ
su,ed with the Finance Committee and several men
hers Of the oane and sanctioned by Their ndyice
Bank that could longer perform the functions expec
ed of When it agreed the account should be keI
there, to Bank Of unqueslionabe character and whc
agreed to allow the interest ON balances that
S allowed by said Atchafalaya Bank.
| did not inform the Council because l'kncw the
was risk involved by my act besides the fvcris
of the public mind in relation said Bank re.e
ed thshly imprudent TO communicate the fac, public
that the deposites OF the Treasury could no longer
kept in it and feeling Of decacy towards The Preside
OF the Bank who was also president OF the Council o
much Influence with me and which cannot but be appr
ciated. The fact was known to all the members OF II
Council, and no idea entertained OF keeping
. n secret from them. The account 80 far from, havii
been source Of profit to the Bank was probably
Of much Inconvenience at times, for 1t general
II ovcrdrawn, and to very large amount.
Since the account has been kept in the City Ban
that institution ha loaned to the Municipality, BE-
terms than could have been obtained from other
e 2o,00O, and have discounted, while other bail
scouting, 1902 84,7j Of notes for this Munic
n palily.
So soon as was officially in'om"d that the Atch
alaya Bunk was in position to renew its conncSic
s with the Treasury, and that it desired that the
should be ret urnrd it was done.
In August, 637, the Atchaaluya Bank loaned to Il
c Municipality S2Ol 900 a, per cent interest; AMI
# was made condition of tie loan that the rrasurer
s account should be kept in said Bank. The City Bar
ut the time made precisely the same offer, viii.
G Withdrawn favor Of said A,chafauya Bank.
n 1t will appear from the foregoing, that the May
iii error in almost every statement lie has made in
ference t, the subject, and knew from me, that WI
" alone responsible for the act he condemn as glnrin
n,ttte.
Your ob't servant,
JOHN DOANE,
| Treasurer end Muncipaty