New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-09
bill read its third and last time, and finally

Is,SW ed by fOur-hfths affirmative vote, the bill
RI put On its second reading, and adopted on
eheM second reading.
:, The constitutional rule was further sus
pended by fOurffths affirmative vote the
81 bill read it's third and last time, and finally
IsT adopted with its title
House bill No. 42l, East and West Fe-
licana parishes to issue bonds.
. The bill was taken up and passed its frs.
Sx reading.
The constitutional rule was then sus
pended by four fifths affirmative vote
~ the bill put on its second reading, and
wv adopted.
1S% The constitutional rule was further sus
pended by four-ffths affirmative vote, the
bill read its third and last time, and finally
eas adopted with its title
House bill No. 426, legitimatzing Frigerio
children.
The bill was taken up and passed its first
reading.
The constitutional rule was then sus-
~ pended by a four-itths affirmative vote,
the bill put on its second reading. and
adopted.
The constitutional rule was further sus-
pended by a four-iifths affirmative vote, the
bill read its third and last time and finally
adopted with its title
~ Mr.. Campbell offered the following reso-
luton:
Rcsoircd That the thanks Of this body be
o. extended to the Hon. p. B. 5. Pinchbacb,
for the able manner in which he has pre-
~ sided over the sittings of the Senate.
l. Which was unanimously adopted.
Mr.. Ingralam moved that committee of
~ three be appointed by the President TO mott
~ fy the Governor that the Senate was about
N to adjourn sine die, and to know if he had
" any further communication to make.
Adopted
n The President appointed as said commit
tee Messrs. lngraham, Thomas and Antoine.
u A recess was then taken until 1890 P. NJ.
The hour of recess having expired the
Senate was called to order, with full QUO
rum present.
Executive session
The Senate having risen from executive
session. Mr.. Harris moved that, in pursll-
ance OF the provisions of the act known as
the election bill, nominate as the returning
i, board OF. officers elected the names of James
N Longstreet, H. J. Campbell, A. E. Barber.
FL J. H. Ingralam and S. NJ. Thomas. to be
n elected by the Senate.
Mr.. Todd raised the point of order that
the Senate had no information that there
was any law in existence, requiring the
N Senate 20 elect returning board.
tn TIE President held the point well taken.
No communication had been received that
the election bill had become a law.
I Mr.. Gallup sent to the desk the following
~ report:
The Committee on Railroads, to which
& has been referred IA resolution inouiring
into the sale and transfer of the State and
IA city stock in the New Orleans. jackson and
W Great Northern railroad, having had the
# same under adylsement and consideration.
IA respectfully report that the sale and trans
ter Of this interest was lawfully made, and
IA all the forms essential to make it a valid
transaction have been carefully complied
with. AZ this point the committee would
take leave of the matter. but for the per
sistent attempts that have been made from
time 20 time TO discredlt the sale and 70 con-
Tey the impression that the State and city
were vict.lnlzed in the transaction. A plain
recital OF few facts that have come 20 the
knowed re of the committee in its investi-
# CATION is due to all the parties in interest, to
the Legislature that authorized the sale. to
the vtldee who bought the stock. and par
tIcuiarly TO the vendors, the State and city.
who have been the especial benetciaries OF
the transaction.
Since coming into possession OF the road,
the present managers have expended nearly
"a S2.5U0. jtJ in actual cash in the purchase OF
II new iron, new crOss-tleS, bridge timber,
machinery, rolling stock. etc, and the
Egu:datinT pressing old debts. making it
from what was little better than wreck
into a tirstclass railroad, capaple Of doing
with dispatch all the business offered it.
The necessity for the expenditure of so
large !. sum suggests the reflection that had
it remained tor little while longer under
is former management it must have III
evltably gone into bankruptcy. and the city
and State stock, instead OF realizing a large
SUN tor is owners, have been swept away
as was the case Of the OpelousaS railroad
stock the negotiation is indicated in the
fact that. notwithstanding the large bust
ness OF the road, and the very large expen-
ditura OF money that has been made on it,
the stock is at this time worth very little
more than what the State and city
received for 1t when it was almost
IN the outside of death Indeed,
&c vaiueless was this interest re-
gardeG that find its late presi-
dent ii anticipation of the city stock
being presented to the railroad company
advised his board of directors to authorize
the sale of the same stock to n London
banking house at S--per share. which in
itself affords complete answer to all com
plants. 1t is a most gratifying fact that
since the new managers have taken the
road that notwithstanding loss Of Sl0oO,-
DJJ dlG the cTeVasSe, TIE receipts nave been
Ill excess Of past years, and the commerce
of New Orleans has received large aces
sons from quarters never before tributary
to this city. New connections have been
made: new and enlarged facilities ex-
tended. and the aim of the managers is and
has been, while augmenting the receipts OF
their road. at the same time to omit no
effort to build and extend the business OF
our great city Looking at what the
present managers have expended on the
road and the increasing commerce their
new facilities have given to New Orleans
important extensions now in progress, we
say frankly, instead of carrying cut the
sale, that if it could be legally done, we
would advise that the State and city to re-
turn them the money they paid tor tie
stock. JOHN Il. GALLUP,
Chairman.
The following messages were received
from tie House during the day:
HOUSE OF REPRESENTATIVES,,
February =, 1872.
To tie honorable President and Members eli the
SCAate:
am directed to ask the concurrence OF
die Senate in House bill No. 49,. Joint
resolution authorizing the police jury OF The
parish OF St. Bernard to issue bonds.
Also. - inform the Senate that the House