New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-05-05
MONETARY AND COMMERCIAL
MONETARY 40 %
NEw ORLEANS RRpuBLlcAN OFFICE.
-ltAlEl If, asnAx Ry sNING Nay 4 I875.

In tie nasfkets which continues quiet, money
being an htAennana oday .snd the o9stngs iol
stre ct ates Of conimercial paper. Tho movement
10 70 was light, and We noticed only moderate
demand for nfelgn 40 domestic s4ehaoge, With ,
slight variation in the former. .6tOcks were dull
City bonds wele, quiet and unchanged, except new
cnrrency !. ven per cents. which showed slight
@ ps e srg
State caup]e were fracti0n lower. , j {.
City scrip hardened, but whether or not under
the fleet Of q rumor that efforts would be made
iice S a. ven q MstfoSchtsn Police warrants
Ms Gpe got prepared - ssy The latter warrants
e1s tsat
mirht be kppNed for; in the case reported yester.
day before the Judgment becomes final They are
terdsy. II was positively, stated today that the
inn state warraits scrip and bonds receivable for
There Was some Coz Riet of opinion q to the
proba BILE eject Of such action upon the value of
State bones. hut II. aopesred to be generally ad-
mitted that it would have depressing eject upon
I've chi artention to the notices of the New Or
lesDs Gaslight Company, published IN itle daily
fnat 49 shares the old stock heretofore held by
the empsDvy and rs shares If the new will be
ready for distribution on Monday. May i. 1873. a.
Of he same, apd one shate of new stock to every
l3&thares of the old. Also that IFS khares Of the
cash, to settle tie fractions under this distribu
tiOn. Sealed bids for purchase to be received up
to 10 NJ OIL Monday. tenth instant.
We upd eSotand that at the meeting of the City
Council TO day the proposition to lEase the city
property was discussed, without definite result,
but that plan of this kind will probably be per-
The jud ement OF tie State Supreme Court rem.
dtrsd Yes,t rday il relation to tug rsceivabity OF
Metropolitan. Police warrants for taxes elders
traitor requiring him to receive certaan MetropOli-
tan Police variants, rendered by Edward Lube In
payment OF hcot sts dus the cty. ana receipt tor
petition Of The Lonisians Nstisnal Bank 9 cred.
vsna ss fiscal agent. Lubie having rendered the
warrants in payment for license and been refused
under this in junction. prayed for the mandam Q
the presiding Judge and the matter taken up On
appeal to the supreme Court and submitted BY
consent. briefs being filed BY counsel The act Of
decision of yesterday. provides that "1etro.
peltan Police warrants issued by the Board
and e1 penses Of the police department incdrred
prior the y1ar 1874 small be receivable in full for
III taxes due the cilies Of New Orleans and Car
'shes I o aud a. Bernard PRIOR to the rst
Of ySuuaYy, 1884, except taxes for interest on the
bonded debt. the pubic school tax and City Park
tau, and for all licenses and debte Otner than taxes
due the said cities. town and parishes composing
the Metropolitan Police district, due OF 10 become
due - provided BY existing lava, until the said
outstanding Metropolitan Police warrants shall all
be absorbed" Referring to this act the court says:
,. In precise terms this ststute makes Metropolitan
Police warrants receivable for Licenses Throughout
the Me- ropOlitxn Police district; and the relsor
of New orleans IL ths.v airants rendered BY him.
Prior to the enactment Of this lsw these warrants
were receivable for licenses. taxes and debts due
to the city. town and parishes comprising the Me
tTopoitan Police District. provided the aggregate
Of warrants received in sch current year shall
rot coed the arpOri onment NJ AIDE by the Metro
politan Police Connie ioners upon ssld parish
city for that year In the law before us, how
ever. there isno limitation npon the receivability
of Metropolitan Police warrants for licenses
throughout tle MetEepolitss Police District, and
the court can not decide that thels 10 limitation
where the law las fmposed none" No.
IDregard to the plea Of Overpayment made by
the city the court d. cides that the cfty 10 respon
sible therefor but can, like any other holder Of
the warrants. prest ut then Tor pay ment TO the
Board Of Police. Con nissfonere. HN1II be seen
that the mandsfnns sPpii's to licenses, the ques
ton the receivability of the warrants for
prior TO 1874 not being directly At issue. although
tie decIsiOD appears TO comprehend this also. TIE
jud gireit does not becGme final. however. until
the expiration Of six Judicial days.