The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-06
Carondelet Street Gossip.

culties are the numerous Injunction suits,
which from time to time spring up to tram
mel and harass the carrying out of the
spirit of the law. More particularly has
this been noticeable with reference to that
class of obligations known as scrip, the
same going to make up the floating debt OF
the city.
The late revised metropolitan police law
passed by the Legislature, No. 33, in section
9th says:
That the sherffs Of the parishes Of Orleans,
Jefferson and st. Bernard, are authorized
and they are hereby directed to receive me-
trOpoltan police warrants issued by the Po-
lice Commissioners for the payment of sala
res and other expenses of the metropolitan
police depar. ment, incurred prior to the LIST
day of January, 1874, in full payment for the
face value of taxes due to the cities of New
Orleans and Carrollton, and the parishes of
Jefferson and St. Bernard. except tax for in
terest on the bonded debt, the public school
tax and the city park tax, including penal
ties and interest arising from the non-pay-
ment thereof. and any neglect or refusal on
the part of the said sheritfs to receive metro
politan police warrants when rendered as
provided in this act, shall be cause for their
| removal from such Office by the Governor of
the State.
Now, on this law will be based the injunc
ton asked for in the courts of Justice. 1t
is well known fact that early last month
the city passed an ordinance providing in
part for the redemption Of city appropria
ton certificates. time certificates, etc, etc.
by receiving pro rata in payment Of back
taxes. In consequence of which, it is
argued that the spirit of the Metropolitan
Police law has been violated, for, in passing
the same, their object was to appreciate
market values while the reception of other
city obligations tends to depreciation.
| All that can be said upon the subject is
that the latter argument is most true, but
the question now arises whether the city
has not the privilege to receive all or any
proportion of scrip for taxes that may in
their opinion seem fit. They do not ones
ton or violate the above quoted ordinance,
but simply authorize, at later date, the
redemption of other scrip in a manner
which up to the present time has met with
general sat isfacton.
Still another point suggests itself in con-
necton with this subject, which in our
humble opinion, appears more feasible and
advantageous to the gentlemen interested
than the granting of an injunction, COMPEL
ing the city to receive only metropolitan
police warrants in payment of taxes.
1t is this! Why may not this be made
the medium of grand speculation9
When one class OF securities is attacked to
further the advancement of another, the eff
feet in the open market is always depreca-
ton and appreciation, and any one readily
posted upon finances in this city knows this
to be gospel.
An open question is now prOponnded, and
glance at values of the city securities in
assertion.
The City Council to-day passed an ordin-
ance indorsing the following law passed at
the last session Of the Legislatures:
For all bonds fully matured and payable
SO soon as the term they were issued for
shall have expired, and which the city
shall not have available funds to pay in
cash, the city may exchange consolidated
gold bonds at par, on demand of the hold
ers of the bonds so matured, or the city
may renew any matured bonds for period
of twenty years by agreement with the
holder thereof, said holder to retain the
original bond, with the period of renewal
stamped across the face thereof, and the
city to attach thereto coupons payable in
the same manner as the coupons on the
original bond, and for the same amount.
Mr.. Calhoun also offered these amend
ments which will, without doubt, be passed
at the next session:
Reducing the city debt tax from
81 so 300 to 81 on each 500 of valuation"
g Reducing the tax for current city expenses
from 81 II 2-lOO to Csc. on each 500 of
valuation"
Remarks on the above are superfluous;
they indicate on the face that our city
fathers have the interests of the community
at heart and any alienation of that mon
strous burden taxation is always welcome
as an omen of better times to come.
What has been SO long known as the
"Ammonia and Thermo Specific Propelling
Company" is now no more, but in its place
has sprung ''Lamm's Fireless Engine Com
pany." The success Of this enterprise is to
be practically seen on the Carrollton Rail
road, and is now more than assured by the
fact that the cars have been introduced in
New York and ChicagoMnd will shortly put
in an appearance in St. Louis and Rio de
JaneirO.
A Colorado paper says that men out there
will ride fifteen miles to "spark" girl
Sunday night, bu; the women out there will
ril.. laulla the dis auca To q Inn