New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-05-06
WEDNESDAY MORNING. MAY 6. 1853

close the purchase, as the necessity is ap-
parent 10 All who may visit our court ro0ms
as they are, and the tax for this purchase is
for each individual so insignificant as to do
away with any regret the most parsimonious
Of our citizens may indulge in on the sub.
iect of taxation.
Referred to the Finance Committee.
Report from Finance Committee pre-
senting substitute for the market or.
dinance, authorizing the sale of the mar
kets in block for ten years, providing that
they shall not be sold for less than two
million dollars, instead Of two million two
hundred thousand.
Alderman Burbank moved il be laid over
enc week.
Alderman Stapleton thought action
should be taken at once, to prevent
further depreciation OF the city currency.
Alderman Devices thought the ordinance
should not be acted upon to its passage.
The proposed payment of 100000 down
would bring no relief to the city currency.
The enormous fleating debt hanging over
the city, the Legislature may provide some
means of relief for by authorizing loan to
absorb it. He ,objected to the monopoly
that would be created by the sale of the
markets In this manner, and for the term
named.
President Graham called Alderman Bur.
that the measure was wholly made
| quate to relieve the finances Of the
city and the sale as proposed would build
| up dangerous monopoly. He argued from
the past, that the markets in the next ten
| years in consequence of the natural increase
of business and partially of the settlement
of political qutsi0ls, would advance six
per cent per annum. This advance would
make an aggrega in ten years of four mil
lion five hundred thousand dollars, instead
of two million, which it is proposed to sell
the markets for. He estimated that for the
next two years the market revenues
would be paid in greenbacks and
and silver. He maintained that the
small amount and small payments now
proposed would not appreciate the city cur
rency and would utterly fail to accomplish
the purposel intended. He was unwilling
to support the plan and bear the reprosches
with which his fellow-citizens would justly
upbraid him if he did support it. The pre-.
sent city administration is not responsible,
he said, for the condition of the currency
and the only practical thing for it to do il
to wait for the Legislature to authorize the
city TO fund the debt.
He moved that the whole matter be in
definitely postponed. The motion prevailed
and the markets will not be sold in block
nor by stalls.
In the unfinished business a resolution
TO pay Alexander Walker four thousand
dollars for services in obtaining a return o
| buC CHALtu DbdlG5 tdA Ou CllN MONEY
Adopted unanimously
Alderman Devices called up the specia
order of the day, the amendment to tht
New Orleans Elevator and Warehouse ordi
. nance, which has been enrolled and pro
mulgated prematurely and erronc ously
His object was to take final action upon tn,
matter at the present time to render tn
ordinance legal. The amendments offere,
BY Alderman Devices at the last meeting
were laid on the table. The ordinance wa
adopted on its final reading, Alderman
Devices alone voting nay.
The Board then proceeded to ioizt seS
sion with the Lower Board to elect an arb
traitor for the WaterWorks.
Board OF Assistant Aldermen.
Present: Mr.. Perkins, in the chair; an,
Messrs Sullivan, Scott, Sauvinet, Sterry
Sampson, Dunn, Flood, Chadwick, Davies
, Joubert, and Mary.
Mayor Heath's annual message was reat
| and referred to appropriate committees
1t makes forty pages of manuscript. Tn
message will be published in the REPUH
LICAN officially tomorrow. One Thousand
copies are ordered to be printed.
5 The treasurer reports receipts for tn
a week ending on the second instant, 1927
333; expenditures, S329, 90l: balance O.
hand, 1892, COG 75; legal tender notes
S69 80; city notes of all denomination
Sl92, ,G06 IS. Referred.
I
Board was invited to meet this Board
Joint session for the purpose of eleCting a
arbitrator for the City WaterWorks to fill
vancancy occssiOned by the resignation c
Mr.. Blair,
Finance Committe reported that they ha
as yet no report to make on the sugge
t tiOns of Mr.. b. AVegno now before them.
: Resolution from Upper Beard settin
+ apart the landing between Race and Robi
/, streets, was concurred in on second reaC
ing.
? 4 communication from His Honor tn
q Mayor notified this Board that it was nece
, sary to elect three.
The Board of Aldermen announced an
t at once proceeded 10 elect an arbitrator fC
e the City Waterworks. The names of Messr
S John E. Lockwood and John T. Barre
5 were proposed. Mr.. Lockwood was chosel
i By resolution it was ordered that an ol
e legation be drawn ON the Treasurer for SIC
d ment of his Magnolia street bridg
t contract.
l. Resolution from this Board to sell Il
e lease of the iron building on Canal stree
il was sent from the Upper Board amendC
/. from three years to ten years. This Boal
persisted in its term of three years.
e An ordinance ordering ali the city ca
20 use patent protection drum was wit
n drawn.
it Mr.. Dunn spoke of the fact that he HI
lie once given notice that he would move l
IS consideration of the vote selling the marke
}, in block. The subject having gone beyol
reach of a reconsideration, he formally {
tered his protest against selling the mark
stalls, ETC., in block, condemning su
sale as monopoly.
Mr.. Davies, according to notice, called
the reading Of ordinance demanding les
tender from certain railroads for tGeir |
centage, asked for a reconsideratio
Motion to reconsider voted down.