The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1858-06-15
NEW ORLEANS RIOT.

NEW ORLEANS RIOT.
Last week we published news to the effect that
a Vigilance Committee had been formed in the
city of New Orleans with the avowed purpose of
clearing the city of thieves, assassins and all kinds
of desperadoes that have congregated therein The
election of Municipal officers took place on Mon
day the 9TH, and it with the view of preserving
order and protecting peaceable citizens that
day that the vigilance committee (without regard
to partly organized. It was feared that there
would be bloody work, inasmuch the election a
year ago was carried by mob force entirely. But
the eve of the recent election a compromise
was effected between the Mayor and the Vigants,
whereby the former and latter agreed to unite in
preserving order, and the consequence that the
election passed off with very little fighting. Stth,
the know nothing candidate foreman of the n. 0.
Picayune Office elected Mayor by 200 MAORI
ty The committee disbanded but we see it stated
that warrants for the arrest of the leaders have
issued. Beauregard was the Peoples candidate
for Mayor and all called upon to vote for
him i'll order to wrest the city from the hands of
associations called ''Blood-Tubs," "Swypers," Cut
Throats, &c. 1t is charged that these characters
have had control Of the city, and that there
security for life property. AS they have
again carried the election suppose it viii DE no
better in the future.
The WASHINGTON ELECrIoN.-The election
held in Washington city Monday, for Mayor and
other municipal officers, passed off quietly. There
were some street atfrays and considerable rowdyism
displayed during the afternoon, but no serious riot.
Mr. Berrett, the democratic candidate elected,
and majority of the democratic candidates for
the City Council. The result was celebrated with
great rejoicing by the victorious party.
Alg> They already have two Lunatic Asylums
in Virginia. and the last Legislature of that State
passed an act for building third one. 1t has not
yet been located.
He7g@ The Charlotte Democrat thinks mistaken
in regard to the act Of the last Legislature creating
sinking fund and setting apart certain stocks aid
nues, to be managed by commissioners, and the pro-
ceeds applied to paying the debts of the State. The
Democrat to think that this appropriation and
setting apart of these stocks the State stock in the
Raleigh and CASTOR Road among the rest, does not
necessarily preclude subsequent Legislature from Civ
ing said Stocksto assist in the construction of the Fay
ettcvlle & Western Road. Without going into the
stitutionaliy may remark such of the Legisla
turc i'll the nature of contracts, simply
pledge of faith for particular purposes have always
been regarded as carrying with them higher obga
ton than other and also that the creation Oft sink
ing fund and the appropriation of certain portions of
public property to be used by the Commissioners of
such fund pay assist in paying the public debt is
partly, aast pledge of security to the public credi-
tor and designed among other things to sustain the
credit of the State; and certainly if because of the exs
tencc of this fund and the additional security it affords
or appears afford the State has received even
per her bonds than otherwise she would
have DONE moral obligation is created that this fund
security shall not be lcssened. Without going into
any abstract legal constitutional argument feel
authorized in assuming that to practical ntents and
purposes the creation ola sinking fund and the setting
apart of the stock of the State in the Raleigh and Gas
Railroad for the of that fund does operate
bar TO Mr.. McRaes project of applying the stock
pledged to another purpose-UUm. Journat
The ideas of the Journal seem correct about the
particular case in point, and we do not think it
would be prudent for the Legislature to make a
change in the disposition of the stock, but we are
unwilling to establish the principle that the Gene
raj Assembly has no right to modify or annul its
acts OF that kind.
The Fayetteville Observer, in reply to our arti-
Gle Of last week, says:
THE SINKING FUND.-The Charlotte Democrat thinks
that the Journal and the Observer in in sup
posing that Railroad stock already appropriated for
Sinking Fund be transferred another Fund
or purpose And the Democrat cites a case in which
transfer made by the Legislature from the Unycr-
sity to the Common School Fund to show error.
! The Democrat mistakes We have not doubt that
the Legislature transfer the stock, do away
with the Sinking Fund altogether But to do would
be break faith with the States creditors, and would
be followed by disastrous effects upon the States
credit now good because of this very Sinking Fund
pay off liabilities they fall due. The Legislature
refuse to levy taxes for the payment OF the interest
the State debt just it for other purposes
stocks really, though not technically, pledged the
States creditors for the principal of that debt. But the
Legislature ought not to do either the other
And so strong the reasons against such
that have spoken of proposition to transfer the
Raleigh & CASTOR stock proposition which
meet with the Legislatures assent.