New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-04-11


Il s ston report tic @
bsnH he point opposite Canal ferry
appointed u make such seee and make such terms With tile
different from the suggestions contained in
Viz nSns charter
money not less than viii be required 70 purchase the
build The zee q sheds and
IL had @ IL ss nsolers nd
lana Sugar and its by the Conyen
t. 81 oSainns Se
is STOCK that as basis & said subcrpon L IS
mended thai each planter subscribe ateast the amount of
agfESsS crop
s & !: " Rse e2aRnfnELL
i 5Ae T. SSN RASsN'
Having appointed committee for the purpose
I'D liz tie civ e o New lee
to submit the following report 5S
i PgeR @ s
ssR ws III term
sR II e 5 ass Sss hs ey any aasa
definitely what may BE- ons Ct a the oee in
effed freely with prominent and influential members Of lie
pa 4 @ s s md asss
of planters Of the State as announced in their
find that there bounded BY Bien
and Jefferson streets and the Mississippi river
and 81 boandare erosng the
Nh 5 sy asi Il s q 80
M hs tNo u hs st ss sess hs
and s spase upon conditions hn tey
this Yields tie no revenue in
Of # in repair and that they would
i lieve them Of its With this difficulty removed
lesss assesaion & planters
authorize The ERECTION of suitable improvements thereon
= s
&c exclusion ~ serRens
ehaye also made careful estimates Of the Of the follow
patsf~ It T. o s entire sartase
4 tnfds Tue sur 75U00
IN al, 8. . slO5ooO
tis sugar mart 2Do99 9o bids which should
s5Pss sfnS per
Nsw Orleans april 9th, 1856. se.,15r ID
81 u Hanna, ESD, Of Terrebonne, then read an act
Of incorporation or charter, which had been drawn
up, with notarial aid, since the previous meeting.
The charter provides for union of the
of the State, under the title Of the Louisiana Sugar
/ Mart y to be domiciliated in New Orleans its OBJ
4 jects the lease or purchase of lot Of ground,
erection of Sheds warehouses; platforms, railways,
Whaves etc. for the proper receipt storage and sale,
\ of sugar and molasses its capital stock to be
i $250000 divided into 5000 shares of $50 each to
collected not more than twenty per cent. at time,
nor thano within any period of sixty days ;
to 60 into operation 50 5000 shares shall be
i taken; the whole to be managed by Board Of six
Directors, who shall on the third Monday in january
of each year, elect one Of their number President,
4 etc, etc. S1
4 The President Judge Moore) addressed the Con-
genton at some length upon the evils of the present
4 sugar mart, and the necessity of an immediate or
Eearly change of some kind. He insisted that the
4 planters should be permitted to establish mart
the other side Of the river, if they should deem it
expedent, without mourning the hostility of the city
merchants and brokers, some of whom had said that
they would not cross the river to buy their sugar
The sgarbrokers, he thought, respectable as
any other class Of brokers, but not than cot
ton tobacco brokers' who visited the extreme limits
of the city, without complaint, to make their pnr
chases 1t was caprice in the sugarbrokers to
talk nothing else The Judge closed with some
animadyersions upon the shortsghted policy of ind
vduals and municipal corporations, in times past and
present. in sacrificing the general good of the future
to individual and exclusive benefits for the present
The Judge was heartily applauded on concluding.
Col. Williams addressed the Convention next. HI
} endorsed Judge Moore's remarks; was of opinion
that no mart such desired, could be procured from
: the authorities Of New Orleans and in the course
his remarks alluded to the interference of the Ope
lousas Railroad Company, secure the mart for thu
{ right bank of the river. =. 5s5a. E.
I Col. B. H. Payne, rose to defend the Company
He said, he alone and not the Company, was respon
I sible for the proceedings complained of. He wa
5 proceeding in his defense when several gentleme
called him to order, and by a vote of the Conver
ton he was forbidden to speak further.
: On motion Of Col. Williams, the report was adopted
Col. Williams then offered thefollowing resolution
Re9lre That eommities Of seven be appointed who sha
capital stock Of This shall have been sOscrbe'
fG s az e 9t e s tor s
can be done terms not essentially different from os
tie Ss thai s
Snsoe S se a pa Of the
suitable lot Of ground for mart and whenever sal
Louisiana Sugar Mart.
After being so amended as to give the committe
= the power of appointing subcommittee, to consis
VI unee paulefs AL each PARISH OF INC State 10 co
lect subscriptions to the capital stock of the corpora
= tion and to furnish the planters with printed copie
of the resolution and the charter the resolution wa
:. adopted.
: The committee called for was then appointed a
, follows Messrs NJ. 0. H, Norton, S. O. Nelson, GEE
: w. Campbell, W. H. Avery, H. W. Allen j. S. Wi
liams and D. F. Kenner.
10 Mr. Carr, of St. Mary explained how he came t
sign Col Paynes document having for its object tn
n location of the Sugar Mart at Algers
If Judge Gage, of Lafourche, explained how his SON
i. name came to be appended to the document, an
dealt Col Payne rather hard raps, which wer
J. applsuded by the Convention.
+ Shortly atterward the Convention adjourned.
i mo distinct action was had upon the charter
the Sugar Mart; but it was evidently considere
I adopted when the Convention adjourned, we PR
sumo it was included with the report of the comm
ls, ~ AZ