The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-03-11

were
expenditures, 81. 242 &c; balance on hand, 1858.
944 6S.
Mr.. ssuyinet moved that the city treasurer be
requested to make his weekly report in detail
| Adopted.
A communication was received from Judge
Buchanan, city attorney. in answer to the peti.
ton Of the clerks Of the Second, Third, Fourth,
Fifth and sixth District Courts in relation 70 the
suits brought by the city for taxes. The city at.
torDey gives as his opinion that the said fees are
| TO be charged according TO the sixth section OF
the act relative to and regulating she collection Of
proved March Is. 1855. No. IS Of the SESSION acts,
| which authorized the clerks TO charge 81 IS in
eacn suit, whatever the amount claimed. An addi-
| tonal act, the latest on the subject makes no
alteration in toe matter Of the charges Another
Ct mmuDication from the same officer refers 10 the
penalty and fine against clerks and other officers
OF courts charging more than the law allows.
fbe communications were received, aud the sec
! the Fifth District Court.
A report was received from the treasurer,
uncer date Of March 10th, in which he says j:
THAT in view Of the exigencies OF the times,
| he deems II essential that q radical change be
made in the finances OF our city government
that The depreciation in the city currency for
the last few days has been so rapid, and the
! panic uncaIled for, that TO continue in this
way is utterly impossible. It "a useless to dis
cuss the cause OF the decline 10 the obligations
] OF the city. No just one can be found bat the
! Crisis Is upon Us. aud The remedy il with you.
The railroads now refuse the notes above the
r. actjonal Issue the butchers aad small dealers
/ do he tsfne. II is therefore useless to con-
| tlnue the payment of the debts Of the city ia
currency so depreciated bat the city Is COM
PEELED TO make payment In the currency so re-
ceivsd. l am well satisfied that in few years
the entire circulation could be Withdrawn with
ont any extra taxation, but the pressure for re-
lief Is 80 great that acton is at once demanded,
aud trust you will adopt means to take up
I
A." / therefore propose that with the approval of
the commanding general, bonds IN sums OF from
$50 10 $1,000, payable in $40, 5l5 or 5'20years be
issued, drawing $40 per cent. per annum inter
est. The interest payable semI-annually, viz:
January and July of said years; the first coupon
for three months, commencing lst Of April next
II necessary, let the net revenues from the mar
kets be pledged for the payment of the interest,
and stipulated in the Ordnance, that bonds will
be taken up the LIST Of March Of said years
commencing in 1869, out of any surplus in the
treasury.
.This plsn win necessarily require all pay.
merits Of dues 10 the city in legal tender or ma
tional bank notes. The same currency received
10 be paid out. The arrangement to take effect
on the 18Th inst, or at once if required. But II
the taxes OF 1867, payable this year, are to be
payed in legal tender notes, the coupons of the
consolidated and railrosd bonds Of the former in
accordarcs with law, $3.50 goo will have 10 be
raised OF the latter 500, 600 will be required.
In July last there was TO the credit of the con.
sodaied fund over 81 100 900, but the entire
amount being in $40 notes. most of the coupons
remain unpaid. This caused depreciation Of the
poncs rom January 70 THIS date; large amounts
have been paid, and with the completion of cou-
pons held by the city for accoant OF the trust
lund, <JV,OoO whl pay all per cent. due coupons,
ana carry me nscaI agency tnronge until My.
ne importance Oh tne payment OF THESE coupons
10 UDHeo oisies currency, anu q. maturity, ~ one
OF ihe gfeatest Inducements 70 the landing OF the
entire circulation before the commencement Of
the receipts for taxes now nearly ready for pay
menu;
Many suppose that by the withdrawal from
circulation OF ne ctys small issues great emosr-
EASEMENT would exist IN the way OF small change.
AZ matter OF course, iunoing the debt prevents
ne money gong ~ or gu. Q. me treasury out II
ooes noe pIesent sne Slrcuiauon Tor ordinsry ous-
la - srsn o,as has soS ~ ao.'
snrv VIII, n II was well known larga a,,ano, ia
been issnea = '"' % "A'o1'' ""u
I" The circula,ioo Of c;tv no,ss "a ,,neh ,a.s
,ha, rs,,r,ss - N~aLes ~ a.; ny. ~ f sess
of la,os navnsnts n sLs ia ao.,;as az. ny
CITY besides .be ordinayv navmsnts rson;raS ga
a large decrease in The coIIecton Of liz ,
Iared with The nrevions vasrs The smonn,s 70
re;ved Sn,;rs ne mon,hs - I.nnarv LII rshr
ary from I;cerses n, lse5 ws,s s5eS ~ AZ ona
Tor Uses s5a4 ZOE 65. '''-
.sThe on,stsn diny taxaa IN fha 1at ~ Daoa,,
her last for tie Years Iseo ,S9 ,eS "a Tex ssers
as follows: On real estate 1850 s7 90: personal
propertv s507 Zoo. The real sstste en- ~ hs col
ected foy a, least the face If he debt Int ones
ton If % ner cent on The nersonsi csn hsi ~ 81
h cted.
- The impression exists that the taxes above
named were suspended ny act of the legislature
until 1870. The State and parish taxes were post
Foned until the time named, but | am unable 10
find any law relative to the pOstponement of
municipal taxes. City ordinance lis, approved
June rs, 1866. postpones the collection. This can
lie repealed BY the council at any time
Think bureau for the collection Of all the
back taxes ought to be established There are
probably ten thousand suits in the courts of the
Justices of the peace, and / have no recollection
OF dollar paid into the treasury since have been
in Office aud yet transfers of property are d4ily
made. The city has paid the fees and Costs Ia ali
these cases and an effort should be made TO find
out what they are worth. Respectfully yours,
IS. HOWELL City rreasnrer
On motion of Mr. Sullivan, the communication
was laid on the table. subject to be taken no
when the general question comes np
From the committee on streets and lapdipgs:
A resolution authorizing the CITY controiler 10
purchase from the lowest bidder 100 600 barrels
Of lake shells 10 600 barrels 10 be delivered ner
month. Adopted on Sc copd reading.
A resolution authorizing the civ surveyor 10
employ a sufficient force of men. not more than