The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-03-31
TROUBLE 1T THE CITY HALL,
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The Mysterious Reissue Of Metro
f8N ,t5Ttt.- 81. .ftFEk.Y-. tsrstf FesttA st,f-
poitan Warrants. -.
..s. !. An Enterprising Broker.

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For several days the world of brokerdom
in this city has been considerably excited,
and from whispered conversations on Caron-
delet street. between operators who general
ly catch every floating rum or, it has been
evident even to the casual observer that
something was the matter, that some dis
covery, or fancied discovery had stirred
the undercurrcnts, and moved the money
changers.
Without any great exertior we discovered
the 81 =f-
Cause Of the Trouble.
1t appears that some lynx-eyed broker.
some fellow who must wear pair of double
magnifying Brazilian spectacles, while peer
ing into a window where stocks, bonds, war
rants, etc., were exhibited for sale, discOv-
ed metropolitan warrant therein which
bore the Sheriff7s stamp-evldence of having
been cree paid in to the Administrators of
Finance for city taxes.
The broker started whistled sharp treble,
and then went for brother broker to see
what he had seen. aEs +r-l9.
The question was where did that war
rant come from If it had been paid in to
the city treasury for taxes, how came it on
the street again for sale These queries
were difficult to answer, and inv estigation
soon revealed the fact that quite number
Of these stamped warrants were on the mar
ket. Mayor Wilt was at once informed of
the matter, and sending for the Superinten-
dent of Police, General Badger, he disclosed
to him the circumstances of the case, and
requested him to personally work it mp in
order that if any wrong had been done, jus
tice might be meted out to the guilty party,
whoever he might be-. 1T
General Badger at once went to work and
in a very short time, discovered thatewar
rants which had been paid to the Civil
Sheriff for taxes, and by him paid into the
city treasury, were on the market, and
that they came directly from the Office Of
the Administrator of Finance.
Here was pretty kettle of fish, and those
who knew the facts were lost in amazemenf
There seemed to be but one explanation, and
that was, that the city was being extensively
robbed. a.-
General Badger having procured number
of the warrants, and all things else being
ready, there was an official investigation into
the matter yesterday in the Mayors parlor,
when the following facts were divulged:
There are two kinds of metropolitan war
rants" green" and "red," and the former
were some short while ago three or four
points higher than the latter. Both kinds
were being paid into the city treasur y for
taxes. A sharp broker, Mr.. Feyzand, think
ing over the matter as brokers WILL con-
rants; there were quantities Of green war
rants being paid into the treasury; now if
he could exchange his red warrants for the
green, manifestly he would make some
three or four points He called on the Adj
ministrator Of Finance and suggested the
exchange. The Administrator demnrred at
first, but finally consented, arguing that the
city would suffer no loss thereby. There
upon Mr.. Feyzand deposited with Mr..
Schneider $500 worth of red warrants.
Mr.. S. agreed to transfer to Mr.. F. green"
warrants as they should come in. Before
the whole amount was raised, however, the
warrants-green and red-became equal in
value. -..- Fla.
1t appears that Mr.. Schneider, in paying
out the green warrants to Mr.. Feyzand, did
not notice that they had been Cancelled by
the Sheriff.
This is the case as it stands, and opinions
vary as to the action of the Administrator
in permitting broker to speculate in the
warrants, after they had been paid in for
taxes. If it were any one less than Mr..
Schneider,'the world might be uncharitable
enough to think that the broker shared the
profit with the Administrator but Mr..
Schneider's character and wealth place him
above suspicion. We regard it as unfortu-
nate that the circumstance should have hap
pened, even though the city is not loser
thereby. ,sptGsrf.
THE CITY-sHE SETS HER HOE TO
~ Es DIGGING.
Licenses Illegally Collected@The Mayor