New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-30
THE LOUISIANA PROBLEM.
EFFECT OF THE DURELL UsURpATIoN.


Previous 10 the recent events in Louisiana,
those interested In tue prosperity of the State had been
living in the hope that thoy might have an admnisTa-
ton Of the which would assure them sue
cess in business investments and In their Efforts 20 ex
tend commercial relations and open the large ana Va
able extent OF country around them reporter OF HE
TRIBUNE called upon the members OF the COMMITTEE
who have their headquarters at the Metropolitan Hotel
TO ascertain their upon the present state OF bus
ness and financial affairs OF the State Two prominent
members OF the Committee there found, and from
them the following statement was obtained;
In the general stagnation OF business In New-Oreans
and tho whole State real estate has suffered to terrible
extent Property New-Oreans will not sell ior ono
fourth OF its valuation. Many persons are known VINO
would be willing accept one-thrd OF the value OF ther
property in order TO the State and invest theH
money elsewhere One Of the best reasons for this great
deprecation is the enormous taxation, which amounts
To virtual cOnfiscaon Landowners pay tVe per cent
taxes and the present Legislature contempiates an III
crease of the rate. One recalled OF piece OF
property which is rented for $4,000 per year, and on
which the proprietor has to pay yearly tax OF NVo
There are nnumerabe elegant private residences ana
many stores which can be occupied by the lessees
merely giving an agreement that he Will pay the taxes
This state of affairs though 1t has existed for several
wears was one of the evils the people Of the state
hoped to remedy in the last election by the choice OF
men OF unbemshed character and high social sahoihg
TO the various offices of trust and honor The depreea
lion I'm properfy ia not confined to NewOrleans. Panta-
tons that formerly valued at $4,000 can now DC
bought for $4,000 All transactions in real estate are
absolutely suspended. In the most desirable business
localities Of Neworeans there more vacant stores
than ever before Under the present resmea piece OF
property would hardly be acceptable gift 1t were
also sadded with the enormous taxes.
Just after the election, when there had not arisen
question in the minds Of of the success othe Fusion
ticket the prospects OF NewOrleans seemed brighter
than they had fer number OF years. There was
prospect of good governments business men were SET
ting down the belief that their investments would
become profitable arrangements were making for
large grain trade with the West and railroad enterprises
were rapidly going forward. Many merchants VINO had
contemplated closing their business and removing to
other cities where their CAPITAL could be safely and
prOftaDly invested, concluded TO remain But the re-
suit Of the recent election caused reconsideration Oh
these last determinations, ana New-Oreans VIII prop
ably lose many OF her most influential merchants by
the removal of their establishments TO ST. Louis ana
other points in the West ,
been obliged to suspend operations entlte 9Slng 10
Guilty of getting any help from the Legislature upon the
connect New Orleans with Houston, Texas and would
bring to the city vast amount OF trade which Is other
wise inaccessible. railroad was projected 10 shIeNe-
port. on the Red River which would nave openeI r1e
large and valuable trade OF that region ms Company
also has been obliged 10 suspend work ,,,,,
nm some time ago will be finished. LATHE nothing
doing in the cultivation OF the soil Planters hest
tatlng putting in crops ana making contracts Tor
the coming year. Capitalists VIII not advance doiiar
upon Louisiana securities. aud the State bonds are abso
nely unstable. Enterprises OF all kinds are sIagnaut
because OF the uncertainty which exists Men viii not
hazard investments OF any hnd. man wiz nol put
any money property when he knows that laws may
be passed which viii amount TO virtual eOnisea0n OF
IT, large capitalist ana gram dealer III lhe west AZ
sured merchant recently that but for the uncertainty
Of affairs and his dstrust OF the Government he would
shin large quantities OF grain via NewOrleans ana IN
vest 100000 100000 the erection OF grain elevator
He said this: Assure of tue safety OF my invest
ments and will come down TO New-Oreans AT once
OF COURSE he VIII not Several Northern houses
which were about TO establish agencies IN th' city nave
not done to the great disadvantage ana Joss Of many
OF the merchants. o,
says ave merchants have been struggling against ali
the adverse crcuns stances you imagine, with the
hope of better times ia the future for Ose and Tor
the state. we cannot compete Win Other cities, WheIe
all the taxes much less. We cannot put our name
ISeI TF e aSeT OF THGa a To pay sioo
city license and the same amount IoI ot,vI o.'s
II we could anything IN return Tor TINS great taxa
tion might be satisfied am al .cted ~ the same
way as others and If am assured that tins state OF
things Will last four years longer viii take tue very
drst opportunity 10 close up my business ana heeA
another city for the investment OF ms cdi4,dl'
MISSION OF THE DELEGATION.
The Subcommittee OF the Louisiana delegation re-
ceiyed visits yesterday and on Saturday from a
large number Of persons who sympathze with
the motives that have induced the Committee TO
come North and endeayOr TO procure set
dissensiOns thht are running the Slaf
Among those callers many prominent residents, in
Guiding MajorGen. Hancock. with whom several OF the
delegation are intimately acquainted The members Of
the Committee wish to correct the statements made by
some OF the Washington correspondents to the effect that
the delegation disappointed and chagnned 1T the
reception accorded by the President His invitation to
the Committee 10 call on him and present s views was
cordial also ms reception OF the delegation lie
declined accede TO their request to send one OF me As
ocate Of the Supreme Court OF the United states
toNew Orleans 10 try such causes as might ne Drought oe
fore him, but he assigned as reason that he mad no a
thority 10 do So accepted the memorial prepared
by The Committee and promised 20 transmit II 10 Con
gross the consideration OF that tbOdy inc commit
Tee laws great upon the fact that represents no
political party but rather the business interests OF the
great state Of Louisiana is members favor the 40,
yancement OF neither the Kellogg nor inc marm0in
party but opposed to both, believing them equally
corrupt what they are especially ANXIOUS 70 secure Is
election, believing mat II one can De held Tue sood
men OF all parties will unite on Reform ticket that VIII
be elected by a very large majority.
How set aside the recent election declare 1t void
and order new one is question which the committee
has settled The members do not believe thdt the
United states Courts have the authority ana II is DOUBT
ful If the District Courts will allow tins to be
done The Judges OF the Supreme Court appointed by
Warmotb nave in several instances declared against
the latter and the two District Courts have been leg5
lated existence by the Kellogg branch OF the Leg
created Furthermore, IL ordered that all matters
appertanng To the question az issue should he brought
before this neWlycreated Court Was u reasonable 10
suppose that Court created in this manner would give
unbiased decisous The Committee, in its interview
with President, proposed that three Commissioners
should appointed TO visit Louisiana and investigate
asks that these shall he whose
guaranty Of their fairness and honesty.
without wishing 10 dictate the appointments,
hui merely to show the class of from whom The
selection should made the Committee suggested The
names of the Hon WIN. Nj. Eyarts anu Julge HOar Of
Massachusetts both r. publicaus. The only hope now
was that the President and Congress would DterPose
and put stop the anarchy that prevailed. The Com
Inttee proposed to remain North until after the Ie
assembling OF Congress From All The Government Of
cas the Speaker OF the House OF Representatives and
many members OF Congress the Committee. during ITS
stay in Washington, HAD received nothing but Kindness
4 ne me Ia X
tesye business relations with houses IN all the
board and large manufacturing towns OF the North.
They believed that strong influence would DC e1erted
from this quarter to induce Congress 10 order full III
vesgation. This all that needed or asked for