New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-03-02
CHARLES MONTANDO.
J. ROSS STEWART.
y. CONNAUGHTONs
+. +. HEATH.

=. 1.s MA IL
Which was received and adopted.
House bill No. lib. entitled an act givin.
| the city Of New Orleans the right to con
stvuct an'i maintain Affirming bridge across
the New Orleans canal a: Broad street. Wa;
considered en- crossed.
Passed Its third reading under a suspen
sion of the constitutional rule. and finally
passed. title adopted and ordered to be sem
TO :he Senate for concurrence.
Also. the following report:
IoMM1T.E. ~ C.*A.. ASe YlR,,*...
February u, 1873.
TO NE Honorable Speaker and Members O: :at
House Of Representatives,:
Your committee. charged with invest
! eating the affairs. etc. OF the Mississippi
| and Mexican Gulf Ship canal. etc. 90 whom
| waa referred the following resolutions, viz:
ReS0irci. That the Committee on Canals
| and Drainage are hereby authorized and
! empowered 10 investigate the Mississippi
, ami Mexican Gulf and Ship Island Canal
| COMPANY and fox the purposes thereof the
said committee shall have fill power "a
. send Tor persons and papers.
WHEREAS. The expenditures Of the city
o. New Oriean. for the sO-calleI drainage
nav" been extraordinary: and
Whereas, In the opinion of TIE public
IN. same has been n ccutravCntiou of law.
a. vel. - TO the serious financial embar-
:assment of the CITY: therefore. be *
R.yolc.i. That the COMMITTEE. on Canals
and Drainage be authorized and directed 10
examine not only the work performed under
the present law. but al! the account, and
settlements as made by the late City Coun-
c, Ot New Orleans with the drainage com
panv. with power to send Tor persons au.
papers. and report by bill. o: otherWis,.
what action may DE necessary i'll Ii. prem
-ts D: :ne General Assembly: and that the
said committee. in view OF The Importance
of the ves.igation. be authorized 10 en-
piOy an expert 10" a time not exceeding
fifteen DAYS. for the purpose OF making an
Immediate repOr: thereon, and what acton
or remedies may be necessary to prDtt C =:
tn. interests OF the State and city.
Be. leave TO report that in pur@uance
thereof they have made "a thorough lnves
tiga..Ou of Ia. affairs OF said company, and
lind il, financial and general condition TO
he thoroughly fraudulent and bankrupt,
which state Of affairs ha. been produced by
,Mt. criminal practices ~ the company
officer. and its agents. This corporation
has violated It. charter IN various way-.
especially however. IN going outside OF the
vested rights and franchises OF Che corpora.
ton ia the contracts ana other business
arrangements that is dealings has IMPOSED
upon a contiding public.
Your committee find. from :he stocumsn.
:a:v anu other evidence temporarily pre-.
eanted 20 their view. that IN. said cor Dnra-
'ion entered into a contract with the city
o: New Orleans for the Ccaina@r ana repair
of .h.. inVt.S OF the same. and that 'hey
have :rc"ivet various mOney..: considers
tons from the said city for the faithful per
t"mance OF .aid contract. bat by -lirrcp-:.
t"us and other means the company have
ho,cled the said work and otherwise. NJ.
.e,ted 20 fulfill their salt contract with the
Citv. in obedience to their legal obligations
thereto. Further. your committee mud that
the financial strait. u. said COMPANY. SUPER
induced by the fraudulent practices "i IL
officers and its agents. compelled til" -iid
corporation to abandon the execution OF lis
contract. FOX III" pres.in. demands OF IL.
creditors OF III. company were q! >u'i,
a character tina: litigation was rapidly
forcing IL. same into bankruptcy: 50 II
save themselves from the Lawful! demands
O: their creditors. they made. il the jai =
mant Of YOUR committee. a .raudulen; and
;..eya! transfer q: all the contract. ana a;.-
DugtsnaCCt> 0t TIE SAID company. including
eSpec.aiiv III: drainage contract VII. the
city at New Orleans. 10 ar alleged preferred
creditor "A Dir. Van NorCicn. president % IL"
Louisiana Ssvin-. Bank and Safe Dtpos.t
cn.apanT. who mas taken Possession -. AZ
the assets. appurtenance' and contracts -.
sal! CORPORATION. rcpudiat!iy. however. az
q, tie heretofore liabilities OF IL" company.
and :, ;n.S transaction IN. city OK New o.
lean. ior private reasons. We are advised.
l,. uiyrn a uUdS! consent. So :a&t the dram
a ,e .: ne cay Nigh. b. prosecuted 10 CON
p!eti"n.
Thi. Van Sori;er TRANSACTION. your com
ni.t,e ar. advised by IL eXpcg, and solicit.
az. j. ;l,.ya.. am. VIII mtt b" sustained by
III. ce:rt. OF Law OF ;he State III view al
IL. contracts OF III. said company and is
franchises. a. wei 81 the nights and priv
leg.. d; Tie other creditors %; The said coin
naur. Indc,,en.:rnt OF this tnc sal! cor
Doratio9 have slil.d t. Ply thei: is3oTe:>
f.r services done ~ thu sad drainage. a.
WEI. as iHvaliG.'ed the company 'h.ic.-
ZION. 10 the Stat. OF Louisiana for the
stat. aid heretofore granted - sai'! CON
pai.y: ami il Is questionable whether me
,iEy -: New Orleans. - one OF the rr.a-
cipals :. said transaction. may not hcrea;.c:
be held. conformity with the company. to
STRIFE: liability tor the iabore!S wages
and materials furnished in tie eXecI-
ton OF the said drainage CONTRACT.
Your committee deems that ttere Is
another view 20 be taken OF tins
affair. The State Of Louisiana Noaned us
credi, 20 TIL. corporation. and the state
!iab!.!te. axe uow IL the hands OF innocent