New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-12-15
WASHINGTON,
4unreme Couft.

SuDr0mo Coufts
WASHINGTON, December l4-The Su'
preme Court has ordered that after January
motion day trial be Monday instead OF
Friday.
Marshal Shaughnessy as internal revenue
collector, first Mississippi district; A. II.
Shattack, second district; j. r. Beckwith,
as district attorney Of LOuisiana-with q
large number appointed during recess. in
Guiding those for Texas. ,-,
Don A. Pardee has been appointed dis
trict Judge Of Louisiana. His nomination
goes to the Senate to-day.
Is is safe to say there will be no change
in the federal officers of Louisiana.
Texass
The new appointments for Texas are very
shaky as to confirmation by the Senate
The new appointees fail to receive the sup
port they expected; politicians whom they
approach having private axes to grind.
Sudxe swayno.
Judge Swayne will not resign his seat on
the Supreme bench.
king.kalakauas
King Ka1akaua has been confined TO his
hotel to day, but his health is improving.
He will probably be presented to the Pres
ident to o-mOrrOw.
Freednian:s Bank,
The commissioners Of the. Freedmah's
Savings and Trust Company having pre-
pared their report. 1t will be presented to
Congress tomorrow. 1t will show that on
the first of July last the trustees Of the
company selected John A. J. Cresswell,
Robert Purvis and Robert II. T. Leopold
commissioners, with the approval Of the
Secretary of the Treasury, for the purpose
of closing up it's affairs. They had Q full
conference with the Secretary Of the Treas.
ury, first controller of the treasury, and
controller of the currency 40 to the several
provisions of the act of Congress of June 20,
1874, and their duties and authority in the
premises, and to determine the plan Of
operations.
With Q few exceptions every dollar re-
ceived by them has been deposited in the
United States treasury, and the necessary
expenditures have been dofrayed-have
been paid by check upon the same. Thus
all their cash transactions pass through one
and the same account. The withdrawal OF
the available funds on hand at the several
branches was attended with much delay
and difficulty. In most of the cases where
proceedings had been commenced before
the appointment and qualification of the
commiss iopers, and had proceeded suffi'
GENTLY to operate as lien against the COM
pany's property before it became vested in
them. thew have been or ehall be compelled
to agree to an adjustment by payment OF
the claim.
In some cases they had to resort to the
purchase Of the cOmpany's property, which
had been seized and offered for sale, to pre-
vent it's disposal at ruinOus rates, and in
others they had to pay the claim and costs
of suit. The proceedings instituted after
their appointment have been nearly all set
aside under the provisions of an act Of Con-
a
been compelled to replevy property seized
and furnish bonds to abide the ultimate
| decision, and at Nashville, Tennessee, where
| the company holds real estate valued at
about $3.50. .0O0, they have met with con.
siderable embarrassment through decision
| Of the Chancery Court in some attachment
suits, Chancellor Cooper holding that
the necessary assignment to the commits
l siOners of all the property of the. Freed
mans Saving and Trust Company. contem.
plated by act of june 20, 1874, is not
sufficient to vest the title to said property
! in them, and that in the absence Of for
NAL assignment. by the corporation to the
| commissioners, duly proved and registered
| in the State before the fling of bills Of com
| plainants, the attaching creditors acquired
by their attachments prior right to thu
property.
! From this decision the commissioner
I have instructed GQ6lF COUNSEL " AppcbA, pro
ferring, in view Of the interests Of all tn
depositOrs, to have q more authoritative
4 decision as to the construction and force o
| the act referred to, before acquiescing il
the chancellor's decree. Meantime the lat
agents of this company, who have in thei
possession rents collected from the tenant
of the property, have been enjoined from
paving over the amount due, and the com
missioners are helpless to enforce the col
lection of certain loans made at that branc
and now due.
The latest advices from Nashville fore
shadows the appointment of receiver
with power to sell the property and collec
the loans of the company at that braDch
paying the proceeds into the registry OF tn
| chaneery court to be held subject to pr
rata distribution.
The cash and cash items on hand At tn
several branches, as called for by the book
of the company at the close OF business M
ii last, amounted to $44,l31 A. OF thi
sum, 43l. $50 35 only has been received u
to November 80. The difference, $l7 .442 "
is found to consist mainly OF temporar
| loans, due bills and shorts carried IN Tn
| cash Of some of the branches. A portion {
this amount the commissioners fear WI
prove tUtal l0sD. =,
Tho commissioners, altar further speakin
/ of their their transactions, refer to the diff
| cultiee With vhleh they have had to oOl
tend, owing - the defestivo oyeto0 II bool
j kseping, md tAe general confusion Of .