New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-26

time of peace we must prepare for war. >
Now if there is desire on the part of the
Senators to develop the resources. l think
it can not be better shown than here.
hope. therefore, that there will be no oppo-
sition, and that the bill will pass.
Mr.. Lynch: | move that we take up the
bill section by section.
Section one was read.
MIR. Lynch: Mr.. President it strikes me
that this bill is only an appropriation OF
$500 900 for the benefit Of this company.
[ have no doubt but that The gentleman
who proposed this bill and the company
know what they propose to do, and know
everything necessary to form an opinion
as to the advantage of this enterprise, and
appropriate $500 600 without any benefit
in return, except the receips OF five Per
cent on net profit. This thing of re-
ceiving portion Of the net profits might
be a profitable investment, but we have
had copartnershp of that kiad in the
Penitentiary which did not pay so well.
will move, Mr.. President, TO amend the
first section by adding this proviso: THAT
the State shall be represented in said COM
pany by three directors, to be appoin ed
by the Governor, by and with the advice
and consentof the Senate"
Mr.. Wittgenstein Mr.. President, I will
state that in one Of the sections tue in
ierest of the State is looked after.
shall, therefore, move to lay that prov.so
on the table.
The proviso was laid on the table by a
vote Of sixteen yeas to ten nays.
Mr.. Lynch: Mr.. President, [ now move
another amendment-to have one director
instead of three. The report made by
the geologist who went over the Safe has
been read, l believe, by all here. Now, if
there is such rich mine found here, it IS
little singular, sir, that 10 order to de-
velop these resources the company must
come to the State for means to commence
its operations. 1t seems to me there is
something wrong; at least, they should
not be unwilling to have the State repre-
scented by one single director J. hope the
amendment will be adopted. so that this
company will show that it is ready to act
fairly by the State.
Mr. Witgenstein: move to lay the
amendment on the table.
This motion prevailed, and the section
was adopted.
Section two was read.
Mr. Lynch: Mr.. President, | have an
amendment to offer; it is to add ''provided.
that no such tax shall be assessed until
the case now in court testing the title Of
ownership of said property shall have
been decided by the Supreme Court in
favor Of said COMPANY"
Mr.. Ogden: | move to lay that amend
ment on the table.
This motion prevailed, and the section
was adopted by vote of II to 8.
Section three was read.
Mr. Lynch: Mr.. President. I offer the
following amendment in lieu of the FIVE
PEI cent on the gross receipts, namely:
THAT tax of one quarter of one cent on
every pound shall be assessed on all sui
phur mined by said company, and tax
of five cents per gallon on all petroleum
or other crude mineral oils produced by
said company within the limits of the
State. Said tax shall be collected until
the Safe is reimbursed in the full
amount paid for principal and interest OF
said bonds
Mr.. Wittgenstein: Mr.. President, I do
1ot believe this is the place for leyying
such revenue. We are now about pass
ing revenue bill and that Is place, it
seems TO me, to insert this proposed
l move to lay it on the
table.
This motion prevailed, and the section
was adopted By vote OF y to s.
Sections four, five and six were adopted,
and the bill adopted as whole on its
second reading by vote of y yeas to
nays.
Mr.. Pinchback: Mr.. President. l wish
to call up the resolution offered By Mr..
instructipg the Committee
on Public Lands and Levees to report on
the bill organizing the Mississippi Valley
Lpvee Company.
The President: will state that the
Senate refused to suspend the rules to in
troduce it.
Mr.. Pinchback: ask then a Suspension
of the rules to introduce this same resolu-
ton. The bill las been before the COM
mlttee long time, and it seems to be the
of the committee to kill the
bill, and this is taking an unfair adyan-
tage of US. [ am told that there are some
amendments to be proposed.
Mr.. Futch: Mr.. President, I rise to a
point OF order, the subject matter of the
is not before us.
Mr.. Pinchback: Well, do not propose
to give any committee any such advantage
as to kill bill by refusing to report. 1t
is for the committee to report favorably or
the friends of this bill do not
care which. but they do not propose that
it shall be killed by the committee.
MIR. Lynch: Mr. President, as mem
Der of the committee, wish to explain
why this resolution should not pass. That
bill, in my judgment, is most important
one; it binds the State for twenty-one
years, and gives this corporation the right
to tax the people. This measure
may be unwise and destructive of the
interests of the people, and bill of this
magnitude requires time for deliberation.
and do not wish the bill rushed through,
cut and dried. A bill Of such magnitude
as this, entering into all of the ramifica-
tons, taxing every kind of produce, levy