New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-09

Raw, smith. Swords, Sypher, Thomas
Thompson, Todd, Twitchell, Whitney, VII
cox-33.
Prayer by the Chaplain.
MESSAGES FRoM THE HOUSE.
HOES. OF REPRESENTATIVE, /
February %, 1872.
To tie Honorable President and Members Of the
Senate:
am directed to ask the concurrence OF
the Senate in the following House bills
House bin No. 478. an act to authorize
the police jury of the parish OF st. Helena
to issue bonds for certain purposes.
House bill No. 42l, an act to regulate the
payment of costs of appeals.
.Honse hill No. 4333, an act to incorporate
the New Orleans Oil and Powder Depot aId
Warehouse Company, etc.
House bill No. i2l, an act 10 authorize
the police lures of the parishes OF last ana
West Feliciana to issue bonds Tor certain
purposes.
Also. to ask concurrence IN House concur
rent resolution relative to the coinpensa-
tion of the clerks and employees OF the Cen
eral Assembly of the State OF LOUISIANA
for the session of 1872.
Aud t,,at the House has cOncurred in
Senate concurrent resolutions, as follows:
Concurrent resolution, by Mr.. OHara,
relative to Barataria, Lafourche and lerre-
bOlEe Navigation CcupdHy.
Concnrrent resolution, by Mr.. Campbell,
relative to New Orleans and Northeastern
Railroad.
Concurrent resolution, by Mr.. Harris,
relative to Joint special committee. IN ac'
cordance with section 1913 OF Revised
Statutes.
Also. that the House has concurred in the
following Senate bills:
Senate bill No. 294, and act to amend and
re-enact section two of an act entitled an
act to form a new parish, to be called the
parish of Red River.
Senate bill No. 3Os. an act to incorporate
an indepcndent nook and ladder fire com
panv III the town Of Alexandria, etc.
Respectfully.
A. c. WHITNEY, Assistant Clerk.
HOUSE OF REPRESENTATIVES,,
February "a, 1872.
To the Honorable President and Members of the
Senate:
am directed to ask the concurrence OF
the Senate in the following House bills:
House bill No. AS, an act 10 authorize
the Council of the city OF New orleans 10
lew a police tax; to regulate levles OF
taxes. the proceedings Of tax suits, and the
Jurisdiction of the district courts for the
parish of Orleans in reference thereto; TO
define and punish forgery in certain cases,
and 10 authorize the funding Of the floating
debt.
Also. House bill No. 473. revenue DILL, etc.
Also. that the House has concurred in
Senate concurrent resolution 10y MIR.
Lynch, relative to introduction Of bills.
Respectfully.
4. c. WHITNEY,,
Assistant Clerk House of Representatives.
REPORTS OF COMMITTEES.
TIE standing Committee on Reforms 20
whom was referred the memorial OF Lucy
Stone. Julia Ward Howe. Mary Green, Mrs.
Dr. Walker and other strong minded and
patriotic women Of the present day, asking
degeneration FROM the General Assembly of
the State Of Louisiana to aid them IN OBJ
tanning their rights, and particularly the
right TO vote. beg leave to report tavorably
upon the same. In fact, yOnr committee
regard the organization at this time OF the
females Of strong mind. over the entire
country. into a fifth party as an absolute
necessity-esrecially those possessing the
qualifications of the memorlalists to bring
about the reform We SO much need. We
have every'assurance they can quiet the ex-
element OF politicians. influence the Gen
eral Assembly to work faster. and bring
about many other good and wholesome
things your Committee on Reforms have
not thus far been able to accomplish.
S. NJ. THOMAS, Chairman.
To the Honorable President and Members OF the
Senate:
The Committee on Banks and Banking,
to was referred. by resolution of the second
Of February, 1872, the investigation OF the
affairs OF the Citizens Bank of Louisiana,
and also an inquiry into the condition OF
the Consolidated Association of the Planters
OF Louisiana, herewith submit the following
report:
By virtue ola law enacted on the thirtieth
r v-...-- lSsyE =. -,1-sl, ,a,;+,l go !
the Citizens Bank, State bonds have been
issued at various times for that purpose,
amounting i'll the aggregate to s ,lSS,SSS SO.
maturing from the year 1850 to 1886. OF
these bonds OF S2.S9l ,5Jj SO have been paid.
leavin. S4.231 1888 50, maturing as follows:
$I,26j.777 II on the first of February, 1876; |
sl,2G4.SsS So on tie first of February, 1877; |
100000 on the first Of February. 1884; |
Sl.266. It's o. on the first of February, 1886.
The guarantee for their payment consists in
mortgages on real estate IN Louisiana. |
amounting 70 Sli. iG0, 900, about one-third of
which propertvis located in the city Of New
Orleans, and the remaining two-thirds in
the country parishes. An additional liza
bilitv, growing out of this Indebtedness.
arises from coupons IN the sum OF Sf9I .02l %, |
and which are deferred by agreed extension
to the years 1872, 1873, 1874 and 1879. There
NAV be a small amount of coupons out
standing. now due and unpaid; if SO. it is
because they have not been offered for pay
ment. and funds are provided TO meet them
whenever presented.
Bv act No. ) of the Legislature. approved
February 9, 1866, the issue of S25O,O0O of
State bonds was authorized, to redeem GER
tain certificates of indebtedness ordered I'M
der that act. These bonds, underJolnt resolu-
ton No. 10, approved March 10, lSIO, were
ordered to be deposited in the Citizens
Bank as a pledge to secure the loan OF SID
600 made by that bank to the State. The
Joint resolution No. 10, already cited, cTea-
ted q board OF commissioners, comprising
the president Of the bank, the Governor and
the State Treasurer, who were empowered to
negotiate the sale Of these bonds at their
own discretion. The bonds were according |
" sold under instructions from the com
mission. On the tenth of May, 1871, at sixty
four cents net, realizing the sum of $780,
600. From this sum was deducted the
nrincipaI and interest OF the loan, then
amountinc to SI3l 100 20, leaving a surplus
of SIS. sSJ 80, which the bank transferred
10 the ctedit of the State coupon fund.
Under Joint resolution Nc. as, approved
Marcb / 1869, s497, 900 of the State SIX per
cent bonds of 1866 were also deposited In
the Citizens Bank, as a pledge Tor loans
made in 1869 to the State by the pahK, anu
to $24S,00e. These bonds were
sold according to law, under J0iat resolution
No. TO- approved March 10, 1871, yielGihg d
net result Of $336,7SS III, from WHICH, e1e
loan and interest, then amounting 10 20
3G7 60, was deducted; leaving a SURPLUS -
$68, 400 50, which was transferred ~ o'"'o
coupon fund. e..
The three millions of eight per cent nre
wear levee bends. issued under act NO. -,
JxaroI Eabr,ary Of 1870. were also de-