New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-15

differently; that it commanded Mount to
sell to the highest bidder, and not even to
such bidder unless he bid at least $50. 900
cash. The ordinance contemplated compe-
tition, not only between the monied cor,
porstions here, but in all the commercial
centres of the country, with which commuui.
cation was easy and rapid through the com.
mercial firms of this city, so that no very
protracted publication WAS necessary, only
enough to give the public full knowledge.
General Freeman argued that the fixing OF
a minimum limit (Sl50,O00), and no limit III
the other direction, showed that What was
meant by the highest bidder was the highest
that could be produced and the highest
could only be known after the puollc were
properly notified He satiriZed the testl-
mony of hIr. Mount, that the city was
suffering for funds to pay the teachers. 1t
was singular economy for such an end that
he should put up with but few hunareo
thousand dollars, when he might, II he had
exered himself. procured q million. Even
the railroad company, poor as it is, would
have bid more. And here we have seen
that bid OF 81 Is WAS pending. So it is all
s. uisapprehensiOn of Mount that he had to
sell this stock for $500. coo SO that the school
teachers might be paid.
Judge Dibble ruled that he would hear the
witness, as he preferred to have the opinion
OF parties less interested than the counsel on
s~~-~~N s~~S
court in such matters.
Mr. Schreiber answered that regarding the
terms as commercial man, he would eX-
pect the ordinance to be followed by soMe
notification by the Treasurer fixing the time
for the bids and sale. On reading the ordl-
nance he would naturally be led to expect
such notification, and without such notice
would not know how to act. Counsel Tor
McComb filed exceptions
Cross-examination-W Adams was act
ing for same parties (Schroeder Il Coz. We
were, that is, he WAS to draw on them. he
bid $3.50, 600 for the city stock. Schroeder
! g. Co. made no bid after the first for the
State stock We apprised them that it was
for sale. Witness did not know why they
did not bid for the state stock. His house
| is included in decree against the Jackson
| Railroad for about 10000, for account of
Dir. Tinker.
Colonel GIrardey was introduced to prove
| the verify OF a letter purporttng TO be from
| Mr. McCom5 to Mr.. Kimball, the one allud-
| ed to in the testimony Of MIR. BeckWlth,
| which he did. He also testified rs to what
| he understood by the ordinance, and how ne
! would have proceeded under 1t. He said he
would have advertised his intention to
| receive bids pursuant to the ordinance.
| Counsel for McComb filed eXceptiOns.
The following is copy OF the rather sig
uifcant letter alluded to from McComb TO
| Kim ball, which was introduced in evidence:
WILMINGTON, March IA, 1870.
| q. S. KimbalI New Orleans:
DEAR StR-We beg to confirm our sight
draft of to-day. viz:
| Your draft at sight for three thousand
will be honored on condition named in your
dispatches. The balance Of the money will
be paid as soon Us the property is placed III
our hands.
| Yours, truly, Il. s. McCOMB, ' L.
| The hour OF P. N. having arrived, the
case was postponed until Saturday morning
| at ten o'clock.