New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-03

pense. They are to be delivered to as, and
only turned over to the agency in London
when the loan is a success.
The Mayor do not propose to go into
discussion of the Mayors qualifications or
defects. l have not spoken personally
about the gentleman. 1 have never ques-
toned his fidelity or his industry, but viii
say this, that the financial management of
| the citys affairs has been wholly in the
hands of the Administrator who has just
taken his seat, and if those affairs have been
well managed to him belongs the credit,
and if they have not been well man
| aged he ought to bear the blame. No
one will rob him of single laurel or de-
tract from his merits as a public servant.
1 have never done so. He has called in
question the fidelity of the Mayor to his
duties, and says I have found fault. l take
this occasion to say that have. l have
objected, and have been break, so to
speak, on the movements of the Council.
If have done wrong in so acting, the pub
lie know it; if have done well, they know
it. do say that had my policy been fol-
lowed, there would not have been the
extravagant expenditure there has
been. 1 do not impugne the gentle
mems motives nor their integrity, but
do say that to put through this ordi-
nance in hurry, in favor of this, even
though some of its personality are those |
respect, is not proper at this time. do
say that the credit of the city will not be
enhanced by the agent employed to do this
thing. have information on this subject
which would make the Council cautious.
When the Administrator (Mr. Shaw says
1 signed the ordinance transferring the
fiscal agency, l answer that did so, but
did it with a remonstrance. What is the
use of my vetOing a measure with
the certainty of ITS being passed
over my vetol When 1 know can
not stop thing, 1 let it go. I re-
monstrated openly in the Council against
the change of the agency, and / have not
seen cause to change my opinion yet. The
gentleman Mr. Shaw says this ordinance
was prepared by the Fiscal Agent. know
that. 1 know he also largely prepared the
bill by which we are compelled to issue
these bonds and to elect him Fiscal Agent,
and that he did much of the legislative lob
bying and lOgrOlling to get it through.
blame the Legislature much in these mat
tiers. 1 say many of the laws passed and
retained by the Legislature of our own
party are infamous. I repeat that
I do not fmpugn motives. do not
arraign the fidelity of members of the
Council, but l say they are making great
mistake. When the discussion took place
in the Mayors parlOr on this ordinance 1
did leave because ii was not frank, free,
open discussion. The Administrator of Ac-
counts has questioned the Mayors fidelity.
1 do not question his, but 1 distrust his
Judgment. As l have said, he has had the
of the financial affairs of the
city. l said long ago that when he had
made up his mind 1 would not inter
fere, because Two financial systems can
not be run together; and say that
if our finances had been managed according
to the means we possessed we would not
be as badly off to-day as we are. Yet
that the gentleman could not |
entirely have controlled matters. Out |
rageOUs laws have hampered US. We are |
now within four months of the end of our |
term. That our administration has not |
been success may be the fault of the |
Mayor, but 1, for one, would rather leave our |
unburdened by this $4,000 900 |
ordinance. When we came in we found a |
floating debt which we expected to be |
about $5OJ,O00. Instead of that it came |
nearer $4,000, 900. Let US deal more fairly |
by our successors.
Mr.. Delassize moved that the ordinance
be postponed one week
Mr.. Lewis seconded the motion.
The yeas and nays were called on the
question of pOstponement.
Yeas-Lewis, Delassize-2.
Nays-COckrem, Shaw, Remick-3.
Administrator Walton did not vote.
The motion to postpone was lost.
Mr.. Walton moved to reduce the cOntin- |
gent compensation from $50, 900 to $4,000.
Mr.. Shaw thought $4,000 not enough.
Mr.. WaltOn's amendment was lost.
Administrator Bonzano entered the |
Council1
Mr.. Lewis moved to reduce the term
within which the bonds must be negotiated |
from six months to four. He thought the |
tendency of an election would prevent any
After further prOtracted discussion, Mr..
Bonzano moved to adjourn.
The motion found no seconder.
Mr.. Lewis amendment was put to the |
vote.
Yeas-Delassize, Lewis-2.
Nays-Cockrem, Remick, Shaw-3.
Lost.
The question came up on the final passage
of the ordinance.
Yeas-Remiek, Shaw, Cockrem-3.
Nay-Bonzano-l.
Administrators Walton, Lewis and Delas-
size asked to be excused from voting.
Mr.. Remick objected.
The roll was called a second time.
Yeas-Cockrem, Shaw, Delassise, Rem
ick-4.
Mr.. Lewis asked to be excused.
Mr.. Remick objected.
Mr.. Lewis voted no.
Mr.. Walton asked to b0 excused.
Mr.. Lewis moved that he be excused.
Mr.. Bonzano seconded the motion.
Mr.. Shaw expressed an opinion that a |
person being a stakeholder or an officer in a |
corporate institution did not recuse him !
from voting on matters pertaining to that |
institution. He. himself, was a stakeholder
of the Baak of New Orlaans but that did