New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-08-06
ON CARONDELET STREET.

Slaughterhouse continues to recede in
value The bears appear to have per-
feet control of the market What instru-
mentality they have made available to
secure the decadence of the stock is not
apparent, but the fact is evident that the
price is rapidly subsiding. 1t sold yes
terday at SIT SO for 100 shares. AT a
later hour it was offered at SIC So In
connection with this matter the following
extract from a letter written by gentle
man of the legal profession resident in
Washington to a friend in New Orleans.
may be of interest. His views are
clarly set forth, and are entitled to consid
Grafton, but we must observe that it is
generally understood that the Supreme
Court of the United States conceives it to
be its duty to decide the questions brought
before it in accordance with legal princi
ciples, rather than in Difference to the
individual opinions Of single member
of the bench:
My opinion is that the action of the SUI
prenle Court will be against the Slaughter
house Company. This, do not, of course,
give as absolute, but l mean that the
chances seem to incline to this result from
present indications.
My reasons for this opinion comes from
a knowledge of the way business is con-
Quoted in the Supreme Court. When a
Judge has already tried case in the circuit
which comes before the court at Washing
ton, the opinion of the judge is usually ac-
copied by the others, just as the report of
committee is usually received in Congress,
for he is supposed to have made special
examination into the merits Of the case as
the committee does, and it would be
considered a breach of professional Ell
Judges to question the justice of that Opin-
ion. According to their punctiliOus mode
Of looking at these things, it would be
more. it would be an implied reprOach on
the legal acumen of the Judge making
such an opinion. The Judges of the Supreme
Bench. are men of high culture, and carry
these nice points of professional courtesy to
great lengths.
Judge Bradley, who tried this case at
New Orleans. has apparently made up his
mind against this monopoly, and if the
bench accord to him the courtesy usually
extended to each other, his opinion will be
adopted.
Ship Island holds its own. 500 shares
sold yesterday at 62a cents; 500 at So;
500 at 63y, and 500 at IS. There was
little excitement in some quarters, owing
to rumor that the city had sent, OF was
about sending to Monroe to the Supreme
Court for a mandamus, compelling the
Eighth District Court to allow an appeal
from the recent order compelling the city
to endorse the jefferson City ordinance
upon the four hundred thousand dollar
bonds. The writ, if obtained, must be
made returnable here some time in the
fall term. We only give this as report
If it has any foundation, the city fathers
are very reticent about it. and why
they should be anxious to disre-
gard the contract between the
late government of Jefferson City and the
company, is more than an ordinary mind
can comprehend. If the company does
not drain the Sixth District, it will not
benefit by the endorsement. If it does
the work, it should be paid, according to
the explicit terms of the bargain. The
public improvement proposed is neces-
sary, and worth the money. We venture
to prophesy the enforcement of the con-
trect on both sides.
The Jefferson City Gas Company is pro-
crossing famously. Though it has not
laid nearly all its pipe, and has not been
able to light up the Sixth District fully,
the companys books show profit on the