New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-02-27

The President of the Senate announced
quorum present.
Prayer by the Chaplain
The reading of the minutes of Monday
| proceedings was dispensed with, and tn
! President announced that the journal stood
approved after the same had been cor
rected.
| .EAyH or ABSENCE.
On motion of Mr.. Barber leave Of at
sence was granted TO Senator Burch FOR III
| remainder of the session.
| PETITIONS ANo MEMORIALS
The Secretary read the following memo
! rial.
The memorial OF the National Board o
| Trade of the United States, to the Honor
| able Legislature of the State of Louisiana
! respectfully showeth:
| At the recent annual meeting of the Ma
| tional Board of Trade, held in the city q
| New cork, action was taken on varlOu:
| subjects as recited below, and the careful
attention of your honorable body IS earnest
~ invited thereto.
WAREHOUSE RECEIPTS.
Penal laws should be enacted which viii
| adequately prevent the issuing or negotia
ting of spurious or fraudulent warehouse
receipts.
Laws should be enacted which will pro
tect the holders of warehouse receipts IN
the safety and integrity Of the property
covered by such receipts.
Warehouse receipts should be made aego
table like other commercial paper
SsCRl LAWS.
All persons should be left free 60 trade IN
money by borrowing, lending or otherwise,
at such rates of interest as may be agreed
upon; out i'll the absence of specific con-
tract between the parties there should be
a standard rate of interest established by
State law.
DELIVERY OF 3UIL "EIGur BY RAILROAD
COMPANIES.
Railroad companies receiving freight
from connecting lines should be required
By State iaw in all cases TO weigh the
same. or be liable for the weight in the
original bill Of ladinG
SCRIP DIVIDENDS.
Laws should be enacted TO prohibi. such
perniCious practices As the issue OF scrip
dividends without q corresponding reserve
or accumulation OF proits, the watering OF
stock, and the issue of stock by incorpO-
rated companies without full money
equivalent.
INvEsTMBSr or INSURANCE FUNDS.
Lave limiting insurance companies IN
the investment of their funds to the par
ticular State in which they are chartered.
are in III ious TO the companies and unjust
TO other portions Of the country, and ought
to be repealed.
The National Board of Trade would ask
that the laws of your State may De mod.
fed in any particular in which they are not
now in accord with the views expressed in
this action.
In behalf and by vote of the board.
FREDERICK FRALEY.
OF Philadelphia. President.
HAMILTON A. HILL. of Boston. Secretary.
New York. October J.. 1872.
Nj. Crawford submitted petition from
the people Of the parish Of Madison asking
tor legislation concerning the levees Of the
parish of Madison.
On motion of Mr.. Harris the petition was
ordered to be printed in the journal, and
referred to the Committee on Lands and
Levees.
The petition is as follows:
Petition OF the citizens of Madison parish
praying that the leyees IL said parish be
immediately repaired.
DELTA. La. February II, 1923.
TO the Hon. 4. W. Devices charm AL O. the Com
:Iltee on Lands and Levees. House of Repre-
sentat!res O! Louisiana
In the New Orleans Republican of Feb.
ruary ,. 1873, we find report made to your
honorable body by the Chief State Engi.
neer and chief engineer of the Levee Com.
pany. in which the Levee iHtercst of Madi.
con parish, as We know, is most shamefully
neglected. as no mention is made in said
report of any point or place in our said
parish that needs immediate attept ton, ex.
cept B;ggs' levee.
Now we most respectfully beg to repre-.
sen. that there are at least i've or SIX points
in our parish that requires work done in
order - turn back even a very moderate
water
Prominent among them is the said Biggs'
levee, the Delta Ievee. the Young's Point
ievee. and the Miliken's Bend levee.
The work required for temporary pur-
poses vii! not cause very large outlay of
money. but it is impeTatively necessary
that the points named at least should re-
ce!ve attention, or our rich aluvial parish
and those below vii. be oVeIdowed both
front and rear.
III view of the foregoing. we beg TO urge
upon your honorable body that you will
adopt such measures as will cause the levee
company to give this matter their early at.
tention. and result in oar reasonable secu.
rity from overflow, aud your petitioners
~