New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-22
NEW YORK.

ment sold $O,UOO, ,OOO in gold to-day. Under
this pressure gold declined to 1l3%, but it
afterward rallied to ll4A.
The subcommittee of the committee of
seventy find the bond accounts of the city
and county correct.
The evidence against Haggerty and Balch
seems conclusive. They were arrested upon
an affidavit made by Controller Connolly.
1t is stated that warrants are out for per
son of high position who has fled.
Mayor Hall has no intention Of resigning
pending these Investigations.
Haggerty. his wife and Balch were to-day
committed to prison upon the charge Of
stealing the vouchers from the Office Of the
controller.
the British embassy at Washington, was
killed by jumping from train while in mo-
ton. He was eighty-three years Of age.
Arrived: Huntsville.
Money 506 Sterling 814. Gold 1l4A q
114as. Governments are feverish. State
bonds were neglected; Tennessees IS, new
70l2; Virginias 62as, new 50; Louisianas Is,
new 60. levee skies 20, eights 81; Ala
bama eights 100, tives g.; Georgia skies
80, sevens 81; North Carolinas 40, new AZ ";
South CarOlinas IS. new ssh.
Gold has been very excited all day. 1t
opened at 1l4ss, sold up to l14& as soon
as bids for government gold were known
the market fell to ll3M, but gradually
rallied to ll4A q 0ll4as. Governments have
been feverish all day; skies of 1881 1854; five
twenties of 1862 lis; 64s ll4a4; 65s l15A,
new ll3aa; Cts 1873; 68s ll4k; ten-forties
lll12.
Arrived: Austria, from Glasgow, at Hall
fax; Novia Scotia, from Liverpool.
The committee of seventy, this evening,
resolved to ask District Attorney Garvin
for permission to appeal by counsel in the
examination and prosecution before Judge
Dowling, of Haggerty, Balch and Mrs. Hag-
gerty, charged with stealing the vouchers
from the controllers Office, and appointed
William C. Barrett as sub-counsel.
Sam uelJ. Tilden, chairman Of the Demo-
cratic State Central Committee, was inter-
viewed to-day. Being asked if what is
here entitled the ring is absolutely devoid
of strength in the country, Mr.. Tilden said:
Il do not think it has any solid strength.
told Mr.. Connolly when he first sought an
my advice, that he might as we'll make up
his mind that as political power it had
ceased to exist, and that all those connected
with the transactions which had excited
the public indignation must go down.
NV opinion is that the fall must
carry down the organization which
these men control; in other words, the
Democratic party Of the city and country
must be reorganized by an edict Of the
Democratic party Of the State. The Demo
cratic party Of the nation consists Of ,000,-
600 Of freemen; of the State it consists Of
45O 900 citizens; of the city more than loo, 900.
These vast masses Of Democrats can never
consent that the sole result of their ex.
,stence should be that half a dozen men
might enrich themselves by public plunder,
or that when just arrayirg themselves for
national and State battle, they should be
impeded and dishonored by the otfenses Of
small knot of local leaders.
At the meeting Of the joint committee NIT econ on
ment of the city debt just presented is too
expressive to require comment. No one can
tell the amount Of claims on the board OF pub
lie parks and in other departments, or tho
sum of those in the controllers ofice-some
of them lust, others calling for most rigid
scrutiny. If the latter are pressed, they
should be fought out in the courts.
The controller has borrowed since the first
of January, on permanent and temporary
loans about $26, 100000. OF this sum there
was a cash balance in the chamberlain's g
office. on the fourteenth Of September, of
81, 2,5O4, 1906 80. The city tax is to come in
during the last quarter. and amounts to
about S23,O0O,O 900, but this has been, to q
great extent, anticipated by loans maturing
within four months.
There is no provision for arrears or ex-
penses for the coming quarter. The con-
trOller has sold fifteen millions of six per
cent gold bonds, payable in 1901, the pro
ceeds of which, by statute, should be used
and paid off and Cancelled by any bonds or
stock of said city falling due in the year
1871, or in exchange for city stock or bonds.
About five millions of these bonds are still
to be delivered and paid for at four and q
half per cent premium. It ia desirable to
have q statement at once from the various
departments showing the public works in
progress and the contracts now existing,
with the estimated outlay and the period at
which these outlays are payable.
Every citizen will desire that bona fide
debts be paid, and the credit of the city
maintained; but every citizen should be in
formed OF what public works are now in
progress, and that call daily for large sums
of money. The debt of the city will be
daily increased until these works are COM
pleted, or the prosecution of them suspended.
means Of knowing at what rate these ex-
penses are accumulating, or what debts the
departments are contracting.
We have, however, the experience OF the
last quarter Of last year, during which the
tax levies for the year were paid into the
city treasury, and part OF the f1oatlng DEBT
was converted into permanene deot. Inc
total debt increased in those months, from
the fifth of October to the thirty-nrst OF De-
cember, about $2.50O,0OO. The city has to.
day floating debt of more than ", 600, 900
in short acceptances, falling due. from week
to week, between the fifteenth of October
PAYABLE bear the trade marks of city reve-
ma honda c0untv resorvo honds ef. INIT