True American. [volume] (New Orleans [La.]) 1835-18??, 1839-05-27
MONDAY, MAY 81, 1889.

We have read with great attention the extraordinary
HISTORICAL critical, metaphysical, political and financial
report emanang from the Committee Of the Council Of
the First Municipality, which dvested of the wild spec
uations with which it is rcplcte, important docu
men conclusively showing the deporable and mex
tricable difficulties in which that unfortunate Munich
pyy Is placed in consequence o! the INTEGRITY, in
capacity and ignorance which have characterised those
changed with the admin 'tration Gifts affairs. 1t may
now be doubted whether such people ale fit for self
government, and much surprised that the |
sagacious fnanc al statesman whose prolific brain
and pen the people oflhe first Municipality indebted
for clear an insight into their miserable condition. has
treated with much learning the question of the pro-
pr'.ty efabandoning their corporate rights and going
into Hguiiaion,!. Altllo' we have for some time
complained Of hard times, and it'll reason yet
we deem ourselves fortunate. and console
selves by the reflection that own property below
Canal for five did should consider ourselves
utterly ruined.
1t that in about three years the First Munich
patty has become involved in deb, to the extent Of
million of dollars and that instead oflnving spent this
| enormous amount in improving the port, paving the
| streets amooruting its sanitary condition, per-
fecting its nenciny witt, full ire nsury
vast md without debt, it is in thu language
OF the report with an empty treasury decayed port;
streets hardly in better condition than in 1876 its
Real Estate greatly rcduc ell by forced sales runnns
sacrifices, and income hardly adequate its poce
ard other conservative cxgencics."
! VIVA, frighul picture. Well may the people Of
the Second Municipality feel thankful that they have
escaped from the corrupt and destructive consequences
in 50 short space of lime Well may they feel CRATE.
tu to the honest straightforward public spirited and
ighencd Council whose guidance Of public affairs
| l !
their health. safety and interests.
l No money has been here squanlered on theatres
broken down and decrepid canal AMI banking compa-
ncs-wid spccuations in lots Or corrupt favoritism
Ili- rue have spent much moucy-cren,ed lurgc
debt, but it is cgua true, thai the mnsic effects of the
expenditures are it, aud appreciated b., both citizens
and strangers and the Second municipality is now
New Orleans.
One instance of gross corruption Of the Second Mu.
nicipahy had almost fo'gotten-it is but one -
nm exception proves a general rule. The payment of
50 500 TO an attorney being member OF the Council
for defending with zeal and ability interests worth mil.
lions-las met with the meIcd Indignation Of his lo.
nor the Mayor and has caused an indescribaile feeling
OF unutcrahc abhorrcnce on the pa,t cf virtuos
ne!glbors below. However tie zeal Of the Mayor
equaed by the most persevering adventures of the re-
nowned Knight of La Mancha will probably enable us
to get hack this moneylnfa few yearsWhat socitude
for interests! while the affairs of our bankrupt
neghLor permitted 90 10 the devil their own
| way.
| We admire the trankncss with whic, the Committee
have exposed the financial condition of the First NUM-
cpality-and we will willingly he ad subscription list
for the aid of its empty treasury.
| The remedial measures proposed by the " financial
statesman mos, curious. For instance, after
proving in The most conclusive manner that they have
not dollar in the treasury, and owe n million without
any tangible means Of pay Che proposes that there
shall hereafter be ro treosurics order the better
keep the money which they have got. This at first
struck original ica-hut examination of the
history of Financ" proves that it is no-or learned
writer that intricate subject informs Tint an inha.
bitant Of an Island thousand miles from Great Brj
tain year. ngo having lenrd of newly invented
| stove by which one half Of the ordinary quantity Of
fuel was suvrd-imncdatey purchased tuo, expecting
| thereby to keep warm and comfortable through the
winter without any fuel at all.
He next sus gesrs cxpcdent for paving of her
deb,s-'hn they should commence by spending Il few
hundred thousand dollars i'll building and
houses on lie Leree and Qnai in front of the City.
This to our dull sinntnot ha. ing studied
AlcCu!lock the ra,tidas) rather impracticu.
| bic for three
| |. The buildings cannot be erected without money.
y The ground cannot he occupied for such urpnscs.
not belong ing to the First Municipality bu, to the pub
lie generally.
g. That independent of these nsupcrabIe difficulties
we do not think hat the taxpaying owners Of lots,
houses and stores in that Municipality would ever per.
nit such an interference With their interests
In our humble opinion it would huve been quite rs
practicable plan, to lave proposed ludiug up the
Public Square-ur erecting shops in the ofLeyce
street.
We shall continue from time to time to enlighten our
ntghbors the important matters which this famous
report so deliberately and so leanedy treats, md my
enquire into the of the unuccounublc silence of
the Committee with respect to the SGO0,000 Bonds Of
the State.