The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1851-01-09

Comm uni Htr ds
assrs. Edil9rg-ln dna Of your siioins Of ~. Ris,
cl lae9nheg' n speaking Of ta Board 81 anfatorr v6n
cay nas aie to collect from those who arc ellis snauph n
ie3s rs. without impending your Judgment 5r CUES
gpf ssht Of opinion and q expressing is et ask Of
sont cantor the insertion Of this comm unicaian.
the ay and ue Auncpaies are hespiy in debt snitba
only aieFaais Of reputation Our ssps
ifl ga enost unanimous voice maintain their credit
ana psied faith admits of doubt and the only question
then isi which g The best mode Of messipa obigsnp
he hos deemed it best to enrust tie snbeet 10 A
9o5 o. citizens elected by The people, and whatever NAV he
g, ne act ITSELF. there are considerations
ein SHOW me wisdom Of The How often does il
occur m private aairs that when mercantile onse M
o ed Is cfeditcsa much more willing to be
, lel ~ aasess are placed in the hands Of responsible
u party thon when retained the management az tho
debtor himself however sstmable he may be- f bia honor
and Neutrality-suspicious. and generally insy tbst IL I.ch x
Judgment Applying The principle 10 our nunieinal
Aa u u reasonably to be ecsed that the Boa.d III III
quiaors, composed OF men who ut,s4sss Inc ~,
community, will find less ionlsy in obtaiuing The sia
OF uuie for the payment Of debts so neeessarv IN ,
an uer prosration Of the city, han would onr N,iii
Councils however wise and honorable they may be- Pubo
confidence and public credit may be considered as syno
mons and the Board being entirely aloOf from the sdaina
en q general affairs either Of the City ofof the unieipai
ue anu being enlnOWeredt 10 ae by m tt
as may be annually required to meet the amount f, %
affords The most ample security that principal and interest viii
be puneuay met If the bondhodef are only satisfied Il,
usse vital points, to wit, certainty and puneuaty capita
VIII readily seek an Investment in the Municipality bonds on
The other hand, r the power OF the Board is denied ina
men Of the debt must revert 10 the Mupeoaes ALREADY
eupped BY past nacee and they must Increase heirr,eof
taxation by Just the ashas bsen imposed y be
boa'd o. iqudators with at least, strong probability that
they viii be less able to obtain The time Of extension
plated by the act Of the Legislature selinteres would
therefore seem to indicate that the Board should be upheld
and every proper means used to inspire confidence se
most eligible means to relieve the Municipalities and reinate
the credit of the City.
That the tax Of the present year is oppressive cannot he
denied and he would deserve the thanks of the community
who coud devise feasible plan Of lesseniDg them hut
an examination OF the general statement of the Board Of
Ldudators shows its imperOus necessitv if we ,yol5 s
the alternative Of reputation Accompanying Iris is
statement showing that change in the law organizing NE
Board, by which they would possess tho power Of eouazins
me harhen and making bear their art Of
debt contracted for public improvements Of which bey win
reap the advantages. will make the annual tax between ~
and Va per cent for the ensuing years Had he Board
POSSESSED the proposed power when they imposed the present
tax, it might have been very much reduced