New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-02


based on financial principles and VA
designed to exchange eight per cent in
terest bearing obligations for seven pei
cent. The Mayors friends in Jefferson City
would get their money, but with one per
cent less interest than the city was paying
| Council that the city owed the fire depart
| ment hundred and twenty thousand dol
lars, and that they, as we'll as other creditors,
had been kept out Of their money for a
year. This appropriation was only a little
bread cast upon the waters.
The Mayor repeated that it was not wise,
it was not honest. when you could not pay
your debts, to give away your money.
Mr.. Emley objected to the Administrators
being compared to clerks putting their
hands in their employers tilis. They were
not clerks; they were proprietors.
The Mayor explained that he only made
use of the smile by way of illustration.
Mr.. Bonzano reminded the Administrator
of Commerce that the phrase, putting our
hands into the public pocket, was first used
by himself on a report on this very subject,
| in which he spoke about the delicacy OF the
matter, so much so that he was not pre-
pared to recommend any appropriation.
On the question of adopting the ordi-
nance the roll was called, with the following
result:
Yeas: West, Shawl Emley, Pierce and
BonZano-5.
nolo nd al
Mr.. Delassize in voting nay said he was
willing, for his part, to subscribe two tun-
dred dollars out of his own pocket toward
the object sought.
The ordinance was declared adopted.
miscellaneous Business.
Mr.. Bonzano presented the following ordi-
nance, stating that somehow or other the
business handed in by him was changed
after it left his hands. He wrote 'clerks'
in the ordinance and it had been altered to
assessors" just as the salaries had been
carried.
An ordinance to amend an ordinance en-.
tilted an ordinance organizing the De-
partment of Assessments.
Be it ordained by the Council of the city
of New Orleans, That SO much CT section
| three 90 of ordinance No. II, Administra-
tors series, shall be go amended as to read
| fifteen (l5) clerks, in place of fifteen as
| SCISSORS.
The ordinance was passed.
Mr.. Walton called up an ordinance, which
| was amended and passed, as follows:
| An ordinance for The relief Of the holders OF
| city bonds, known as the zone million
| loan"
| WHEREAS. The holders of these bonds are
supposed to have no legal claim upon the
| CITY for interest after maturity; yet we
recognize our moral obligation TO pay the
same; therefore
| Be it ordained, That whenever arrange
ments can be made to pay the principal OF
the bonds known as the lone million loan,
| there shall be paid at the same time interest
| at the rate of ten per cent per annum, from
| the maturity of the bond until final payment,
provided, that this obligation may be ter
| minated oy future action OF this Council OF
by the Legislature.
Mr.. Pierce introduced the following reso-
luton, which was read a first and second
time by title and laid over:
resolution appropriating money to defray
the expenses of the Department of Police
for the month of May, 1870.
Be it resolved by the Council OF New
Orleans, That the following sums of money
or. so much thereof as may be necessary
are hereby appropriated to defray the ex-
| rap1ituraS Of fhp Dapartmpnt Of Police fol-