New Orleans Republican., 1868-05-14


report from the Treasurer for the week
ending May 6, 1865, showing
Receipts. OBSERVATION-DISCLOSURES. SlS5,3 ,36S 69
Expenditures. s...,...........,... 74,76S AZ
Balance on hand SaOS,l ,l77 90
Was referred to the Finance Committee.
The semi-annual report of the Controller,
printed and bound "a copy of which was
was laid on the desk of each member of
the Board), was received.
The following communication from the
City Surveyor was referred to the Commit.
tee on Streets and Landings:
SURVEYORS OFFICE,
Room 80. IL ity Hail, I
City Of New Orleans, May II, 1855. }
To the Honorable the Common Council, Board of
ssistanJ Aldermen:
GENTLEMEN consequence of the in.
tersectiOns of the banquettes on Canal
street from Magazine to Rampant overflow
ing during heavy rains, would respectfully
suggest that this department be authorized
TO raise the curb and tagging of the utter
sectious to a level with the top of the irSn
bridges. No new material being requisite,
the cost will be comparatively slight.
/ would also recommend that long iron
crossing plates be used instead Uf the pres
ent narrow stone crossings, which in their
present position form u serious obstruction
TO the free flow of water through the gut
tors.
VI. H. BELL,
City Surveyor.
The following communication from the
Treasurer was read and referred to a special
committee of three.
The Chair appointed on this committee
Messrs. Kearny, Dunn, and Scott:
TREAsuRER's OFFICE, CRY HAIL,
New Orleans, May u, 1862.
To the Honorable the Presidentano Members of the
Board Of Assistant Aldermen;
GENTLEMEN-In the event of the non
acceptance Of the proposition of Mr.. Patrick
Irwin to purchase the revenues of the
markets in block for the term of ten years,
and the failure of the Council to accept the
lottery scheme of Mir. Bernard Ayegno
(Which oy the way is worthy the considera-
ton of the Counci) | respectfully beg
leave to offer the following as one of the
modes for retiring the circulation of the
city now no longer a currency:
L. To sell the revenues of the markets
separately for the term OF three years, to
commence from the expiration of the pres
ent lease, leave the cash payment in city
money at the option of the purchasers, pro-
yided it be not less than one-tWc .fth, the bal
ance in monthly notes well indorsed, and
made negotiable in bank.
2. Sell the revenues from the wharves in
sections for the term OF three years as they
are now divided; give possession on the
first day of July next; the conditions of sale
the same as the markets.
8. Collect the personal tax assessed for
payment next year on personal property for
the year 1865 as soon as the returns are
made by the Assessors, say in July next,
and continue the collection until the first of
December following.
A Make application to the Legislature or
to the commanding general for permission to
levy special tax OF one per cent on real
estate foT the yoaT5 1863 and lS7a, coiicct-
able the same year of assessment, All the
cash payments to be made in the circula.
ton OF the city by the year ending in De-
cember, 1870; all the notes will be taken up
ana destroyed, and an abOminable city debt
of four millions of dollars wiped out
without the payment of any interest.
For the information of any who wish to
purchase the market revenues, / give the
Beef market, Second District, as an exam.
pie. This market contains EOS stalls, and
sold, for this year only, at an average OF
sixiy-four cents per stall per day with the
city money at ten per cent discount, With
| the money at from thirty to forty per cent
7
years offered an average of thirty-eight
cents per stall. The rent for beef stalls
| charged by the city is twenty-five cents Der
STALL but the privileges given the farmers
for each animal slaughtered and offered fol
| sale are SO great that some Of the stalls are
known to Weld over five dollars per dny
| There il no better Investment for city money
than the purchase of the revenues Of the
markets.
The wharves and levees are in fine con
dition, better than they have been for many
years. By their sale we get rid Of an enor
nous drag on the treasury. II you will ex
anime the Cutroller's reports since th,
day o. co solidation you will find that no
dollar has ever been realized from th,
revenues after deducting the expenses q
repairs, etc. The first sa made was for
term of three years and brought Il hand
some net revenue to the city. The secon,
sale Was for about two hunured aud thirt,
thousand dollars per annum for the term q
four years and niue months. This WAS In
terrupted By the war, aud since then tn
city has been managing them, and the n
suit Is a heavy annual loss.
The city has the right to separate the "a.
on real and personal property; deciso
of the Supreme C0u=t settles that point.
is that the corporation is not bound to Ca,
real aud personal estate at the same time
A tax may be legally imposed on eithe
! alOuts AuAe AoA 4 Alhs 10, NOT one lA
the personal tax has ever been collectee
The present system Of collection is wrong
The Assessors go the rounds in Januari
1868. and the persons assessed have INT
July, 1869, 70 pay. The collection ought I
be made the same year OF assessment IA
give US q revenue which we do not NO
possess. that IS from July to December ,
each year
fhe taxes are now coming in very freely
In former years twO-thirds collection T
! 70 the first Of July Of each year was a "a
average. ] essimate a collection of MO
tanths up to that period. Everybody
aQxi0us 70 pay, and q remarkable occu
3 renee Is they all expect 70 leave the city.
yesterday reported to the Finance Con
f, mlitee thal I was ready to burn moro note
Nne aecuualAtioa of the mntilated IL ven
aud the stencil arising from the
Sh closely eobined very disasreeabl
= Ag H'AAna reported, about three handrt
!. t1el4aHH Qelass. can be safely desfroye
y a0 tne tec rI Ffe fss fn excess of the q
a penQl1Nlle 4llf .ranf,on 57ifI larinn h
q circulation aneat four miiilone 81 a
/ issues
I. estimate the nAaas 10 1ttlR ii aee d.
I Net revenue from the &hsfss