New Orleans Republican., 1872-10-02

| direct for funding, which shall be fundable
as debts of theyear 1871, under the terms of
the act, exclusive Of the aggregate amount
herein specified
Mr.. Walton said he did not believe it was
in the discretion of the Council to fix the
limit of funding. That was a matter which
could only be determined by actual investi-
cation in the Department Of Public Ac-
counts The amount of warrants issued in
1872 for the debts of 1871 could be easily as
certained AS he did not know what that
amount was, never having heard of any in
vestigation, he must vote against any ordi-
nance fixing definite amount.
Mr.. Shaw said as matter of policy he
| had voted against voting more than $780,,
| 600 tor funding, but the Council having
| voted him down, he was prepared to vote
| for this ordinance as a matter of necessity.
The moment the funding limit was reached
| certificates went down. City credit was
subject to some adverse influences on the
market which he did not understand. His
| construction of the law was different from
that OF the Administrator Of Finance. The
| city had pledged itself to continue receiy-
ing all certificates for taxes. This had made
| deficit or displacement in current accounts
of at least million dollars. If the city
could have violated this pledge and could
have declared on the first of January 1879,
that the revenues of 1872 should be sacred
to the purposes of 1872, the Council would
have been very much nearer a cash basis
than they were now. The fact was, the
revenues of the city were not equal to its
cash expenditures, and in addition to that
there was on the first of January debt OF
about million dollars receivable from the |
taxes of this year.
The Mayor suggested that there were |
two questions which entered into the con- !
sideratiOn of this matter-one question of |
policy, and one a question of law. As a
matter OF policy he thought the ordinance
was right. The other question was, was it
legal
After further discussion the ordinance
was adopted, Mr. Walton voting no.
The Proposed Foreign Loan.
Mr.. Bonzano moved the reconsideration
of the following resolution, adopted at the
last meeting Of the Council:
ReSoEOed, That the Mayor and Admins
traitor of Finance be instructed to have the
new consolidated bonds necessary for de-
livery to warrant holders printed in the
city of New York or elsewhere, and deiVs
cred as early as practicable.
Mr.. Shaw opposed the motion.
Mr. Walton stated that the resolution
conficted with his contract entered into
with the fiscal agency foy the negotiation of
a foreign loans
The motion to reconsider was carried.
Yeas-Bonzanoo Waltono DeJassizeo Cocfo
rem-4o
Nay-Shaw-Ro
On motion of Mr.. Bongano. the reconsfG.
Grafton Of the resolution was indefinitely
postponed Mr.. Shaw voting in the mega
tiyeo
General Businesso
SIR Shaw offered the following amended
ordnance
Ordinance granting additional rights and
privileges TO the Orleans Railroad Com
pany
Be it ordained by the Council of fhe city
of New Orleans, That permission be and
the same is hereby granted to the Orleans
Railroad Company to change and remove
their stand in front of the Clay statue, on
Front and Wells streets, alongside of the
present stand of the Canal and Claiborne
Street Railroad Company.
Be it further ordained, That the Orleans |
Railroad Company be and the same is here
by authorized to construct such curves and
switches necessary to connect with the !
trunk road of the Canal and Claiborne
Street Railroad Company.
Be it further ordained, That permission
be and the same is hereby granted to the
Orleans Railroad Company to construct an {
other single track railroad on Grand Route
st. John from Savage street up to Gentilly
road, with a turn table at the foot of Savage
street, and the necessary curves to connect
with their line on Gentilly road.
Be it further ordained, That permission
ba and the same is hereby granted to the
Orleans Railroad Company to construct
another single track railroad on Broad d
street, from Ursulines to Dumaine street.
there to connect with their st. Peter street
line.
Be it further ordained. That permission 4
be and is hereby granted to the Orleans t
Railroad Company to change the running G
Of their cars on Grand Route ST. John, from =
the station, corner of White and Lahqrpe +
streets, down to the Bayou st. John, along t
said bayou to Dumaine street, and up Du-
maine to Broad street, at intervals of thirty
minutes, from sunrise to 10 p. NJ, instead
Of ten minutes, as they are actually run
ming, and at every hour from 10 P. NJ. until
midnight.
Be it further ordained, That the above
changes and grants shall be subject to the &
same terms and conditions, and shall be
governed by the same rules and regulations
already granted to the Orleans Railroad
Company by their contracts with the city
If New Orleans, dated July s. 1867, Decem-
Der 7, 1867, and May %, 1868, and passed l.
before Joseph Casteu and Henry C. Dibble, N
ity nOtaries; and ordinance No. l20t new &C
cries, dated December 81 1868, entitled IAN F
to amend section two of an or NJ
finance providing for the sale of the right R
f way to establish railroads On Claiborne
nd other streets for passengers only" ap- -
roved March q, 1867; and resolution No. III
10, new series.
Be it further ordained That the Mayor be | N
nd he is hereby authorized to enter into
he necessary nOtarial act with the Orleans S
.ailroad Company to carry into effect the
ltentions and views of the foregoing ordi, ~
ance. Oh Oh
Laid over to be printed. of
By Mr. Cockrem:
Res02Ued, That John Garstkamp, district tt
lperintendent Of streets, Sixth District tn
Iilliam Glade, clerk to district super1n- ye
ndent, Sixth District; G. B. Augustus, wi
ard superintendent, twelfth ward, and gu
adis0n Brown, ward superintendent, four
enth ward, be and they are hereby re-
owed from their respective offices, to take
feet on and after this date.
Adopted. "a
u.