New Orleans Republican., 1873-07-18
TIE STATE TREASURER AND TIE WAR
RANT HOLDERS.
Jrst a. the moment when the State

Just a. the moment when the State OF
Louisiana had a certain chance to make a
clear saving of sixty thousand dollars al
one sweep, the State Treasurer. acting un'
der the advise Uf the pretended reform or
gans, gets his back up and says ''No J!
None Of tha. for him. Not move will
he make except in tie good old way. MIR.
Dubuciet evidently wants to have the tax
collectors c.owding their way through a
mob Of loiterers in his Office. He evil
dently likes to hear the ringing call o.
..Pre.u:ere y from some brokers who are
bent on demanding one hundred cents or
the dollar for thei. warrants. which they
bought some time ago for forty. He does
! not sympathize with those weakened
o-isina! Lol!e-, who are putting the prices
down to ffty-eight.
In short, the State Treasurer has acted
| upon the advice Of the Picayans and He'-
! aid, the one pretending 10 be the organ OF
the reformecs and the other charged With
being owned by Caronde!es street bro
! ke.s. 50 that when person who had bid
at the sale on Tuesday presented himself
Yesterday a. the treasury to demand fifty
eight ana oue-eightt cents on the dollar
the amount he had agreed to take. and at
the same time rendered the money as
agen. for one of the tax collectors, he was
refused point blank. Mr.. DubUc!et would
70. trade Oh those terms. and there was no
other recourse than a resort to litigation
A man1amUs was promptly applied fox,
and granted at once. The case will be
tried on Saturday. wLer we hope the
court will make short work OF it.
The charge agains. Mr. Dubuclet is
tha. be refused to cash q warrant upon
prope. demand being made. at a time
when there was money in the treasury to
the credit Of the fund upon which the
warrant was drawn. The reason assigned
by the Treasurer must be that the holder
of the warrant. Mr. Hyams. did not ask
for money enough! AS the law does not
presume that persons will come to the
State treasury and voluntarily offer 70
accept less than the face Of their claim,
Mr.. Dubuc!et Can find neither precedent
rcs law for it. II he were to draw little
or his common sense, he would see
tia: Mr.. Hyams did not in any
manner weaken the force OF his ''first de-
mand' by offering to take less than Mr..
DubUclet on the part OF the State thinks
he is entitled to. Mr.. Hyams had on
Tuesday, in the presence of many wit
resses, offered his warrants to the State at
fifty-sight cents, or about that. Like an
honorable man be now comes forward to
fulfill his contract by making delivery and
receiving the money. He Offers to lose
forty-two cents on the dollar. which the
State would gain. But the organ OF re-
form tells 3Ir. Dubuclet to stand out firm
a., mule against any such transaction.
Why. if things go OLA this way much
longer the State credit will be at par, and
the reforLers and tax resisters will have
no grist for their mills.
We consider the Treasurer has done a
very imprUdent thing in refusing to cash
NJ. Hyams' warrants when the proper
demand was made. He has made similar
mistakes before. and the late judge Of the
Sixtl. District Court. on one notable occa-
sion. fined him $500 for neglecting his
oticia! duties. or performing them in an
unsatisfactory manner.
Unfortunately, while this case is pend
iEs. ali the parties who sold warrants on
Tuesday. expecting to deliver yesterday.
have been disappointed They are COM
p.e.ely blocked ur. This fact alone will
make difference Of five points against
the State at the next sale, for money deal
er. axe proverbiAl for their promptness,
and as eXacting as fate in their demands
for settlement. Even the powerful United
States government. OK the great Bank
of England, are obliged to meet their OBJ
.!galloES ~ tHe eAhct MOuleut "utA uAS.
Neither could afford to trihe with their
creditors by telling them to call again in
the course of a day or two. 1t will be
seen. therefore, that our reformevs' organ
and Mr.. Dubuclet have between them
gyer. the credit OF the State another stab.
We sincerely hope the Superior District
Court will find Nuiment for the wound
early On Saturday.