New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-04-01

those who voted for this act, and it will
be found that it received the support of
! Democratic regulating citizens of Louis
lana.
Turn 10 the even less defensibis sale Of
the city stock. Observe. this sale was not
compulsory. The Common Council then
made this sale Of their own free will and
dictation. The city of New Orleans held
S2,000.00) stock in the road, and its bonds
70. that sum are still outstanding and
bearing interest. except 4 trifing reduc-
ton Of $4,000. When the last of these
bond, fall due. il 1875. the city subscrip-
ton. principal and interest included. will
have amounted to S4.400. COO. What
price is it supposed the Common Council
received for this stock: $320.O00. And
these outstanding bonds constitute part of
the city debt. which the taxpayers are
called on to repudiate. Now. let Us in
quire by what agency was this sale made.
The Governor. who conducted it on behalf
of the State. has been taken up by the
Democratic party, washed clean and all
his sins forgiven him. He has been a
standing candidate before the Fusion As
sembiy for the highest Office in their gift.
They indorse, therefore. the integrity Of all
his official acts. this among them fit be ex'
ceptedto to. But the Council which made this
signal sacrifice who were they? 4 ma
iority of them. with the Mayor and treas
urer at their head. were of this people, Of
this peculiar people: Who were they
who sold this precious birthright for this
miserable mess of pottage: 1t was the
act of Democrats, the elite and chosen Of
the land. The debt created for this SUBJ
scription was an old debt. The sale of
the stock was the act Of the resident repre-
sentatives, and now it is gravely proposed
to repudiate the interest on the original
subscription of the city
Another specimen which we cite is the
sale by old citizens of the City Park prop
erty, and the subsequent participation Of
citizens in the profits Of the transaction.
The whole State and city debt may be
analysed item by item. and it will be
found that it has been created by the par
| ticipation of men who claim to belong to
the land and to the Democratic party.
Now We do not wish to see a prejudice
against immigrants from tie North ex.
clude capital and energy 50 Indispensable
to the recovery Of New Orleans. We con-
denim the effort to throw the whole re"
sponsibiiity for whatever Of evil or debt
| exists among us upon the white and
co!ored Republicans. We do not choose
to have the best government in the world
denounced because Of !oca! or personal
abuses. It is the purpose Of the Repub.
leans to aid in a thorough reform Of these
abuses. We present an executive who has
set his face against them. and we have de.
nounced every dishonest act careless what
were the party professions Of the actor.
Would it not be better if the declaim-
ers against deb: and taxation would do
the same: We have seen no instance
in which they have condemned any man.
no matter how he may have been compile
Gated with wrong, 50 long as that individ-
ia! man tuned his convictions with the
opposition. Even persons once members
o. the Republican party. who have voted
for many Of these obnoxious transactions.
have been taken up by the Democracy.
honored. and as far as honorary distinc-
tons 60. have been rewarded. When.
therefore. poaterity shall! ask who made
TIA: portion of the State and city debt for
which 4 plea OF no consideration might
be filed. legislative and municipal histo-
ry will answer. i was the work Of dis
honest men Of all periods. 1t was i'm.
posed by the acts Of politicians. without
distiction Of race. color or previous con.
dition. L: can be alone by such a comb.
nation Of honest and able citizens. that
this debt can be restricted and extiD-
guishei.