New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-03-02
unfavorably by the Judiciary Committee. was laid

uh1aVorapiy ny VIC 'uuioiary Committee was laid
On the table. ....s ~ ssz
to delay the execution of Judgements BY rendering
proceedings dilatory, were deferred until day after
tomorrow, in anticipation that the fate Of ne ap-
| praisement law will be decided tomorrow.
| The bill to relieve the banks established under
the free banking law, by suspending in relation tt
them, the laws to force them into liquidation unit
they shall again be placed in possession OF the
securities deposited by them with the State AUDI
tor for the redemption Of their circulation, which
securities were taken by the Federal authorities al
Shreveport at the time of the surrender, came up
in its order on the calendar.
| Mr.. Leeds, chsirman of the Committee on Banks
and Banking, explained the object of the bill and
| urged its passage. H z.-.Es -, .I t.5
| Mr.. McEnery argued that this was stay law,
and thotght it very strange that the side OF the
House who had contended so strenuously against
the appraisement bill as unconstitutional, should
become the advocates Of a stay law for the banks.
To give the banks relief was very proper, accord
ing to these gentlemen, but to give relief to the
distressed planter was palpably unconstitutional
and destroyed credit! Until the House agreed to
relieve the distress of the unfortunate planters of
the State no relief should be granted to corpora
/ S'1A
| indefinitely. #-
Mr.. Jonas denied that the bill was a stay law. It
had been approved by the Judiciary Committee of
the Senate, and had passed that body unanimously,
and fit had been stay law open to constitutional
objections it could not have commanded the unani,
nous support of the Senate. AL that was asked
was measure of Justice to the stockholders, to
save the institutions from liquidation until theil
| 10 fhano hv Fedora
| government. No interest, public or private
could suffer by the delay. The provisions of the
law were almost identical with the military ordel
of General Candy on the same subject. And gen
tlemen should recollect that the present unfor
innate condition of the banks was largely owing
to their advances to the planting interest and thei
unstinted beralty in supporting that cause in th'
late revolution which they had believed to be th'
cause of their country. Mr.. J. deprecated tn
uukind filings that members had induged in agains
the people of New Orleans and their representa-
tiyes. The losses and sacrifices of New Orlean
during the war were equally as great as in tn
other part of the State. The most affuent citizen
of this city had been reduced to absolute poverty
and beside the losses of fortune and kindred, the
had suffered oppression from military and civ
. rules, unknown elsewhere in the State.
: Mr.. Montgomery, notwithstanding the plaus
bility of the remarks of the gentleman who ha
lust addressed the House, was constrained to re
gard the bill under consideration as measur
. designed to suspend the law to enforce the bank
' to meet their obligations Gentlemen from tn
:. city had to-day prevented, and possibly inall
. defeated, the passage of bill for the relief {
the distressed people of the State, not by ia
legislation but by resort to parliamentary tactic
- The commercial interests of New Orleans ha
"a arrayed themselves against the people who wei
~ not fortunate enough to reside within its limit
=. It came with singular grace from these gentlemt
who had so persistently and sternly Oppose
Il; relief to the great body of the people, to propo
- - to suspend the laws for collecting debts again
heartless corporations. Gentlemen would have
l.. abide the consequences Of their course.
- House was told that as as the property
- these banks in the hands of the Federal COVER
~ ment was restored to them, they could pay th
~ debts. That was precisely the case of
~, planter. All he wanted was time to collect
- make available his resources Time was all
L asked Mr.. M. should oppose this bill until
knew the fate of the bill for the country.
- Mr.. Elan moved to postpone the further cons
-. Grafton of the bill until Saturday. The mott
~ prevailed, and the bill was ordered to be prlntec
% A message was received from the Governor, a
-. nouncing his approval of the following bills:
~ y. l. Relative to grant of lands by Congress to
State of Louisiana, by act approved Sd June, Isl
~ 2. Relative to ferries across Red River at ShreN
II port.
=" 8. To supply the loss of the public recor
Vs. destroyed by the burning of the courthouse
o. Alexandria, Rapides, by the Federal forces,
W. May, 1864.
r. 4, For the relief of Robert J. Caldwell.
W nu S. Granting leave of absence to the State Ire
~, | urer
l.o m 6. To incorporate the town of Arcadia, parish
Bienvie.
lp- 7. For the relief of R. G. Cobb.
The House adjourned shortly after.