The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1873-04-26

|
aldsonville, and they are fit represen~
tatives of the property holding, mer-
camille and laboring classes of both
races Of our citizens. Although the
gentlemen selected from the End ward
are the same nominated last Saturday
upon the Merchants Ticket, yet we
| feel safe in saying that since the con-
solidated bond issue has been raised,
the sympathies of both have been up
on the side Of the people and with the
Peoples Ticket.
The candidates for Secretary and
Treasurer have held those positions,
for more than two years past, ind the
excellent manner in which they have
heretofore performed their respective
duties is sufficient guaranty of their
future efficiency and faithfulness.
The nominees for Assessor and Col
lector are both estimable young col
ored men, whose intelligence and ca
pacity are credit to their race, and
the fact that both have proprietary
interests here and both will give solv
ent bonds for the performance of their
official duties if elected, is abundant
surety that they will be exemplary
officials.
The colored man nominated for
Constable has had considerable ex-
perience in the kind of duty he will
be expected to perform, having for
some time acted as Deputy Sheriff
under the late occupant of the Sheriff's
office.
In short, the ticket is unexception
able in it's personnel. Upon it arc
Representatives of the Creole, German,
Spanish, Irish and cofored races,
wherefore we claim that it merits the
title of Peoples Ticket.
| We desire o.call the careful atten-
ton Of the people to
THE REAL ISSUE
of the coming town election. We have
nothing to urge against the personal
character of tho candidates upon the
Merchants Ticket, and our opinion Of
their fitness for the respective positions
to which they aspire, rs expressed in
last Saturdays CHIEF, remains un-
changed but the combination which
has placed them in nomination rep
resents a principle that is so inimical
to the interests of the tax payers and
citizens generally Of the corporation
that we must oppose them wholly and
decidedly. This principle-a feature
with which we were unacquainted last
WEEKS the perpetuation and pay
ment of the consolidated debt bonds
issued by the Common Council of
Donaldsonville i'll 1866. In 1872 a
decision Of the Supreme Court was
rendered, declaring the issue of such
bonds by any town or parish to be
illegal, and in consonance with this a
resolution was adopted by the Coun-
Gil then in Office directing the Treas
urer to pay no more Of either interest
or principal of such bonds. This re-
solution was subsequently repealed
through influence brought to bear by
certain of the parties holding consoli-
dated bonds, but has been re-enacted
by the resolution passed two or three
weeks since, offered by Mr.. Chas. +
Smith.
In the rc-enacting Of this resolution
we find the reason for the sudden in
terest manifested in the affairs of the
town government by some of our lead
ing merchants who have heretofore
seldom expressed any concern as tt
whom the officers of the corporation
should be. They are holders of con
soIdated bonds, and they desire tt
continue their profitable speculation
in the same by drawing the yearly
interest Of eight per cent, and in course
of time receiving the principal. w,
venture to say that in number OF
cases the interest paid to the present
holders of these bonds exceeds the
amount for which they were originally
purchased by them.
THE CONSOLIDATED DEBT.
In order that our readers may thor
oughly understand the "Consolida
ted Bond" matter, we present here
with a brief but succinct statement il
relation thereto: