New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-02-28
REGULAR SESSION
or THE
THIRD GENERAL ASSEMBLY
OF .TZ
sSvATE or LOUISIANA.
Eos,ieih Days SessiOu.

SYNAyR CRaMEeh,
y,s Orleans February p. 1914 J
The Senate met pursuant to Adjournment,
and was called TO order by Hon. e. c. An
Some, lieutenant Governor Of the State and
iresden. of the Senate.
On call Of the roll the following Senator:
answered to their names:
Messrs. Alexander, Barber, Butler, Blunt,
Blackburn, brewster, Burch, Bovee, Chad
bourn. Crawford, Harris, Z. +. Herwig,
g. f. Herwig, Harper, Ingraham, helso
Merrill, Pollard, Rey, Sypher. TVitchell.
Weber, Wharton-23.
The President Of the Senate announced u
.;uOrum present.
Prayer by the Chaplain.
The reading Of the minutes Of Mondays
proceedings was dispensed with, and the
President. announced that the journal stood
approved atisr the same had been cor.
Ssctcd.
LEAVE or sBsErCE.
On motion If Mr.. Barber "a leave 81 al
sehoe was granted 10 Senator Burcss .os the
Remainder OF the session.
pLrlTHoEs AER sBAORIAra.
The Secretary read the following memo.
rial:
The memorial Of the National Board of
Trade of the United States, to the Honor.
able L. gislature Of the State OF LOtlsnna,
respectfully showeth:
At the recent annual meeting Of the Ma.
t'Onal Board OF Trade. held in the city of
New York. action was taken on various
subjects as recited below. aud the careful
attention Of your honorable body is earnest
Is invited thereto.
WAREHOUSE RECEIPTs.
l'enal Jaws should be enacted which will
adequately prevent the issuing or negoti4-
ting of spurious or fraudulent warehouse
receipts.
Laws should be enacted which will pro.
ieet the holders of warehouse receipts in
the safety and integrity Of the property
covered by such receipts.
Warehouse receipts should be made nego.
liable LIKE other commercial paper.
UsURY LAWS.
All persons should be left free 70 trade in
snonev by borrowing, lending or otherwise.
9t such rates Of interest as may be agreed
upon; out IN the absence of specific con-
3-act between the parties there SHOULD ke
= standard rate Of interest established by
Etatc law.
SkkSfhhl Wy LII " EiOfE hNAl@SAb
COMPANIES.
Railroad companies receiving freight
srom connecting line6 should TO required
by State Iaw in all cases to weigh the
same. or be liable for tho weight in the
original bill Of lading.
SCRIP DIVIDENDS.
Laws should DO enacted to prohibit ouch
peTniCiOus practices as the issue of scrip
dividends without a corresponding reserve
or accumulatiun of profits, the watering OF
stock, and the issue of stock by incOrpo-
rated companies without full money
equivalent.
INVESTMENT OF INSURANCE. FUtna.
Laws limiting insurance companies IA
she investment of their funds to the par
SECULAR State in which they are chartered,
are injurious to the companies and unjust
80 other portions of the country, and ought
30 be repealed.
The National Board of Trade would ask
shat the laws of your State may be modi-
lied in any particular in which they are not
aGw in accord with the views expressed in
khis action.
In behalf and by vote of the board
FREDERICK FRALEY, !
OF Philadelphia. President.
HAMILTON A. Hill, of Boston, Secretary. |
New York, October 10, 1872.
Mr. CtsvfOrd submitted petition from |
che people of the parish Of Madison asking |
Cor Legislation concerning the lesees Of the !
parish Of Madison.
On motion Of MI. Harris the petition was
ordered TO be printed in the journal. and !
20 the Com mittea on Lands and
I,eyees.
The petition Is "a folloss:
Petition OF the citizens of Madison parish
praying that the levees in said parish be !
immediately repaired.
DELTA, La, February II, 1873.
NJ the Hon. T. W. Devices, charm An Of tie Com
snittee on Lands and Levees, House o! Repre- !
eentatives OF louisiana
n the New Orleans Republican Of Feb.
uary 9, 1873, we dnd II report made to your
body by the Chief State Engi-
eer and chief engineer of the Levee Com
any. in which the Leyee Interest OF Mad.
or parish, as Ne know, i'd most shamefully
eglactod. as no mention il made In said
eport of any point Or place III our said
arts b that needs immediate attention. ex-
Now we nost respectfully beg to repre-
,ns that there arc at least i've or six poirS !