New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-05
THE VOICE nP TIE PRESS

1t is singular how different are the views
of the press Of this city on the Three Mil.
lion Bond question. All the papers oppose
the adoption of the Shields ordinance, ex-
cept one OF the official organs, the Crescent
which this morning devotes a whole
column, double loaded, to defense of its
favorite scheme. 1t thinks the resolutions
published by the Property Owners Asso.
citation, in opposition to the bond or
dinance, does not represent the views of a
majority of our property holders, or even
a majority of the Association"
This charge, emanating from the recop-
nized organ of the Democratic party of this
city against the officers of the q Propertv
Owners Association" is quite serious, and
requires explanation. Will the officers ex.
plain? Have the evil practices of wire
pulling and trickery so usual with the
Democratic party, already entered what
ought to be the pure and unselfish precincts
of the association ? In order that our read
ers may form some idea of how the different
papers view the bond question, we extract
the following:
Go to the polls with your registration
papers and vote against the proposed issue
OF three millions of city bonds, and the
quarter Of one per cent tax to be annually
levied to pay the interest on them.-Pica- |
y,tnes
That the city is bound to redeem its own
currency is not to be disputed, but that |
the people should be taxed in order to nav
a bounty to the holders of this currency Is |
quite another question, and we hope the
voters will turn out in full force to-day and
vote "No," emphatieally, as recommended
by the Real Estate Owners Association
Bulletin.
Voters will also remember that this tax
to be levied upon our overbur-
dened community, is for the purpose of
raising money which is to go into the peck
els OF spectators in city currency, The
tax is to be levied for the purpose of nav
ing seven and thirty-hundredths per cent
per annum-say two cents per day on every
hundred dollars, which amounts in the ar
yregate to two hundred and nineteen thou
sand dollars per year; and this goes into
Tie pockets Of these speeuators and will
not benefit the poor man. who is counted
upon to vote for this tax by the friends of
The measurable.
We do not believe that the resolutions in
opposition to the bond ordinance. and
supporting to emanate from the Property
Holders Association, represent the views
Of majority OF our property holders, or
even majority of the association. We
can not think that the property holders
IS g class wish to involve the civ in
The alternatives of reputation or of
IN oppressive and destructive taxa-
ion. But to one of these alternatives we
must comeif we do not adopt the ulan of
getting the city money out Of the wav. so
ma the taxes may hereafter be paid in
greenbaeks. Property holders should re-
iect that the city government can not 20 on
much longer as it has gone on for the last
lear. If this bond ordinance is defeated
he results will he far more difficult TO bear
han the small tax to be collected in order
o meet the interest on the bonds.--Orescent
We presume that the vote on the three
million bond question will be taken TODAY
he protest of the Real Estate Owners AZ
ISOLATION to the contrary notwithstanding.
With the opposition of SO large body Of
1ur properly holders it is BY no means
probable that the ordinance will be
approved, or, if approved, that il
Will be carried into effect, for doubt.
less. an injunction will at once be taken
n the premises. As to the legality Of
we ponds, if issued, The bar is Somewhat
divided IN opinion. This being the case. II
= perhaps best, notwithstanding the urgent
aecsAai1y Of retiring city notes from eircula-
uon' mat well digested act be prepared
anu submitted Tor approval to the Leqisla-
slre. such, az least, is the advice Of The
~ Estals vwners Association, and as
the Legislature Is about to meet. but little
time will be lost 10 following their advice
One thing Is certain--a1 atremnt n
transact the business Of the enrna.
ration for annthar vear IN -. n'k
medium than civ ncsss
would be utterly suicidal. Furihennso'r,e,s
he proposed issue Of city bonds Womb
Afford no relief unless the holders Of citV
lotez were required to make the EXCHANGE
~ some iadncement so strong as to be Ger
lAlh d 1ecceaa. To accomplish all the ends I
proposed legislative sanction Is neces- (