The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1875-12-23
Funding, sim Funding.
WEDNESDAYS WORK by THE BOARD.

WEDNESDAYS WORK BY THE BOARD.
The State Board of Liquidation met
on Wednesday. Present Gov. Kellogg.
Secretary Of State, Treasurer, Auditor,
Fiscal Agent and Mr. Phelps.
The Committee on Weed warrants
reported rs follows:
New ORLEANS, La, Dec. 81, 1876.
Gov, ". +. Kellogg, President Board OF LiauI-
dalton.
S;r-The committee appointed to ex.
anime into and report upon the validity
OF the issue Of warrants known rs Weed
warrants, would respectfully represent
that tho sum total Of warrants issued
by Auditor Graham, under the pro-
visions Of sections i3 and II Of acts %
and 100 Of 1870, Registration and EIcc-
ton law, and without specific appro-
priatlonS, was $222, 1S2 SO, Of which sum
about S1fG,OO was issued to w. A. Weed
81 Go.
In December, 1872. the Attorney Gen
eral. through counsel, prayed for and
obtained I'M injunction against that por-
ton OF the warrants which were issued
to w. A. Weed IL Co., on the ground
that they were unconstitutional, illegal,
null and void, and had been issued
without legal consideration, and were
not binding upon the State. Said in
junction was made perpetual (Sce
docket Of Superior District Court, State
OF Louisiana, vs.. Charles Clinton and
Antoine Dubuclct, No. 3GD)
Our examination OF the vouchers on
which these warrants were issued con
vinces us that, had the appropropria-
ton been made, that ninc-tentbs OF the
warrants in amount would have been
fraudulent for want Of value received.
We would therefore respectfully re-
.,nt TINT ih,g., o.. H..
jcctcd by this board ~ fraudulent. We
are, very respectfully, etc,
A. BALDWIN, Chairman.
A. DuBucLET.
The statement by majority Of com.
mittoo that "ninc-tenths would have
been fraudulent for want OF value no.
ccivcd should read about seven -tenths,
and the word " fraudulent ut the end
OF the report should be unauthorized
With these exceptions approve report
Of majority Of committee.
CHAs. CLINTON.
Mr.. Phelps moved that the report be
adopted. Carried.
Mr.. Phelps remarked that he exam
incd tho vouchers for which the war
rants were drawn, and was satisfied that
they were frauds OF the first water.
Applications for funding were then
ouAs. r. HOFFMAN.
w"frahVs' ,,yv nom; s7o9 %
4 bonds New Orleans, OpelousnB and
Great Western Railroad. with cou-
EDw. J. FonsTALLs SONS.
81 bonds, Lovce, per cont. with cou.
bonds Lcvoo. per cent. with cou .'''''' W
j. g. MorsE.
u state notes. $3.50 %
The following was read and received
STATE or LOUISIANA, TBEAsuREn's OFFICE /
New Orleans. La, Dee. 10. 1875.
To His Ex~ellcncy WI Kellogg. Governor of
Louisiana. and President Board Of Liuuida-
SW-The receipts into the State Treas
''ry from the interest tux on the assess
ment rolls for the year 1873 and pre-
vious years for the payment Of matured
coupons detached from the old State
bonds OF the State being insufficient to
meet the payment or warrants drawn
against the same, and knowing that
there are yet u great deal of said cou-
pons outstanding which will undoubt-
,dly be presented to the Auditor to be
audited for, and being satisfied that the
revenues for their payment Is so small
md their collection 80 slow that even
'uaby tiiSIS "iuSt cidPSe many yours W
,ome ere their payment can be obtain
III or effected; therefore / would re-
'pcctfully ask that you, us President of |
he Funding Board suggest to the mem
,crs thereof, the propriety OF passing u |
to the effect that said board |
will fund all past due coupons the same
vs. any other obligations OF the State as
mentioned In act No. 3 OF 1874.
remain respectfully,
A. DUBUoLET, Treasurer.
Adorned