New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-27
discretion. Just now, however, the pub
lie waits to see what will be accomplished
under it's extensive franchises.

lie waits to see what will be accomplished
under it's extensive franchises.
Ship Island is again looking up; but it
requires still good many shares to make
an operation involve much money. There
seems to be good show Of energy among
the managers Of the corporation, but some
| actual work toward the Improvement Of
| our means Of access 10 the gulf would
send the stock skyward with rapidity
| delightful 10 the holders. That this work
| will be done there is no reason to doubt;
but the sooner it is commenced the better
it will be for the stockholders and this
commercial community.
When the great canal is dug, 1t is pre-
sumed that the wilderness behind the city
will Immediately blossom like the rose,
under the influence Of the improved drain
age promised this unfortunate metropolis.
The new city administration, meanwhile,
will have to devoe themselves energeti-
ca!ly to the matter Of drainage. The rear
portions of the city need only proper at
tention to drainage, and moro effective
system Of street cleaning toward the leyee,
to give real estate an impetus and make
back lots good investments. Offal and
garbage that should be carted OFF is now
swept into the cutters by contractors, and
slowly carried toward the swamp, fostering
as it goes, and poisoning tie air through.
out the suburbs. Inquiry for small prop
critics for improvement is increasing, and
it needs but decent attention to the sub
ject of draining, and a persistent over
hauling of the street contractors to give
life to real estate operations, outside of
the thickly populated parts of the city.
With the opening of next month, there
will be plenty of capital available for real
estate operations. If the new city gov
ernment'continues TO gain upon popular
confidence, real estate men will do good
business. The prospect is fair now. and
with real estate thirty per cent cheaper
than it was two years and half ago,
there would seem TO be something like a
good time for investment this class of
property approaching.
City credit needs some arrangement be-
tween the bankers and the city Admins
traitors. There are sensible men in bank
ing institutions and in the city government.
and while the provisions of law are plain,
a m cs,th ~ he ~,
Council is right in insisting on maintain
ing and carefully exercising its powers,
the negotiation Of the new city bonds and |
the appointment of a fiscal agent to do it,
are matters of business that ought to be !
readily, promptly and fairly accom- plished
by business men. The public needs and
expects this. The credit of the city of
New Orleans can and ought to be firmly
aud quickly established.
To-day will be almost a dies non. Ca
,ondelet street will so to the fair and enjoy
tself. Most Of the principal brokers and
bankers will close early, and the festiyi-
les OF the agricultural horse races will alb
orb the attention usually devoted to cent
,er cent.
The newly elected directors of the
acksOn railway selected yesterday Mr. Il.
J. McComb as president and Mr.. S. Toby
s secretary Of the corporation. Mr. S. 81.
kennedy having declined to act as direct
II, the vacancy thus created was filled by
he board by the choice of Mr.. Alcus.
he new board seems disposed to move
ight ahead upon the enemy's works, and
ew litigation will probably settle, after
while, the Claims Of the conflicting par
es. The arrested participants in Mo1-
avs election appeared before Recorder
[oughton yesterday, and, on motion of
leir attorney, General Hays, their case
as continued until to-day.
The following shows the transactions
last evening at the Brokers Board: