New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-21
THE COURTS.
Eighth District Court.

Eighth Dist
State ex rel. Thomas
Of New Orleans.-Thi
trial on Monday. Pet
is the holder of ccrta
dcbtedness of the cit
amounting to S93,7S9
at seven per cent. viii
of the floating debt of
that said certificates o
issued by the Bank I
Ininistrator of the flo;
to law; that he has ma
bank for the paymen
S93.7S9, as provided fo
l6. of the Legislature
said debt in bonds of Il
per cent discount, an
refused.
A mandamus is as1,
bank to comply with 1
of New Orleans inter}'
the demand. on the |.
cecding by mandamui
ceeding for the COLLIE |,
that an ordinary suit
of proceeding. For d.
the city AYERS that if th
peremptory, the conf
damages to the amouIl
immediate case, and
thousand dollars in SIP
further answers that 4
dispose OF its bonds al
than seventy-five cent
has been doing so suc|,
On the trial of the
fred Shaw. Administr3.
fed as follows:
The amount of thu
city is S2.53l,7S3 AZ. 7
on the Department of
under consideration, q
about $500. 900. The
about $S5,O00. The t.
$9.666.753 A.. ThereIa
tered, amounting to Ok
900, which may 90 On
court. These and Is
yield, at eight and Al
Some of these bonds h
Bids were made tllrojl u
the purchase OF thesd
mitted directly to the
of all these bids ut th|e
publicly known, was s
S674,000 in certificates
This suit becomes
Saturday, the twenty
The preceding Wedn'
of bonds We're award e
Thursday about S iO1Dt
and on Friday upYa
bids seeming to slacA {
Of the suit became d IL
informed the bank Il a
to any negotiation az 8
had other bids for til .e'
one bid for $500, 900 To,
be disposed Of for bdn'
have offers and ing1lil
tiatiOns of about 81 (
cents. And We havf
effect to the extinction
debt at II and 70 cen is
Cross-examined: ! XII
my own knowledge |,e.
been different offers: IL
for 81, 900, 900 at II; ht
for s 300, 900 at eighty o
Dir. Bienvcnu, brokeE.
he was acting for. lip
for parties who put tine
l am not certain thai
money has been made
All these offers, th|.t
collection of, have be
spoke of distinct d He
offers at from IS to 81
at IS and 81 y, but v|er,
There has been no S;
bonds for cash that X
offer in cash. that | h
has passed before md q
Alfred NJ. Simpson
relator, deposes and SO
ton a broker, and | ha
for a long time. My bl
render me perfectly Jam
stocks and moneyed o
the market OF New o
seven per cent bondi {, il
ton of the city indc|Dte
the bonds OIL the mdrk'
out the accrued intei'es1
eight cents, and with
seventy-two cents. bo
with interest calcilla'
months. The higH est
these bonds to attaih p "
have just mention| I'd.
been higher than fev,
off interest. The on
bonds of the city of NJ
in open market in View
ago, at seventy FIVE ce'
nal sale at seyent.H-iiv
been down to scycI t.y-
advanced OH the iator'
vailed here in Mardh a
eight cents.
I know of sales id \
part of July at sevfnt.
ing about two month
est market price of Il
bonds, issued by thf ba
has never been Inor
cents, with the aci true
The old seven p}T C.
between seventy and I
strike an average OF sex
five.
The holder OF a bono
Orleans has the choice
world to sell or to llyp'
The holder of a eel
ness can only depend
it not being a rdcog
where.
You can borrow M
the bonds close updn I.
small margin. Yoil COZ
titcate in New York.
in the last two Wars
cent bond selling as
cents. l saw Mr.. l .syt
went ON to negotiate I
then spoke of striving
cents, but the Bonds &
eAty-fye cents, aft1.r p