The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-16
FUNDING BOARD.

Wi LAouduSe, Auultof CiluLoll, ioeCIetdTy Oh
State Deslonde, Lieut.. Governor Antoine
Treasurer Dubuclet.
After the reading of the minutes. Mr.. Bald
win referred to recent publication in one Of
our contemporaries, containing part of the
record in the Levee Company case, by which
it was shown that Lieut.. Gov. Antoine had
signed the demurrer in the case, and as the
demurrer was against the interest of the
State, he thought some explanation necessary.
Lieut. Gov. Antoine moved the adoption of
the minutes as read, and the motion pre-
vailed.
Lieut.. Gov. Antoine then went on to ex-
plain the circumstances under which he
signed the document. He said that while
the Board was meeting in the Office of the
Secretary of State, Judge Campbell had come
in at one of the meetings and presented the
demurrer and asked that it be signed. The
Board referred it to the Attorney General,
who returned it, and the Board came to the
conclusion that they had nothing more to Go
with it.
Afterwards Judge Campbell had come to
him, and said that any member of the Board
could sign it, and, under the impression that
it was a mere matter of accommodation and
of no interest to the State, he signed it. He
afterwards said that he did not know until
some time after he had signed the document
that Judge Campbell represented the Levee
Company.
After some discussion, Lieut. Gov Antoine
was excused on the ground of ignorance.
Mr.. E. FL. Levy asked the privilege of
making an explanation. At the last meeting
of the board he had offered for funding
Wickliffe warrant for 500. 1t appeared that
the warrant had been previously raised to
5000. He stated that the record in the Audi
t1.t, N4fsa cho 1ak,, L..
500 had been issned, and on first presenting
it to the Treasurer that officer himself had
changed it from 5000 to its original amount,
for 500, in which shape he Uevy) had pre-
scented it to the board.
Several warrants were presented for fun d.
ing. These warrants were drawn in 1874 for
claims of 1878, and on them the question of
funding warrants drawn subsequent TO 1874
was raised.
Auditor Clinton read statement of warrants
outstanding, which showed there was about
S170,0 600 worth, including S70,0 900 Of Weed
warrants. He thought in equity they should
be funded, and urged that il they were ''wiped
OUT the State would be entirely on cash
basis as the constitutional warrants out
standing would soon be absorbed, for they
We're being paid at the rate of SIS 900
quarter.
Dir. Phelps said he did not propose to dis
cuss the equity; that the law was there, and
must be followed Ths Board could not
make laws.
Auditor Clinton suggested that the Weed
warrants were not prohibited by the law, and
that the Board was competent to interpret
the law.
MIR. Phelps expressed himself as being de-
termined to adhere strictly to the law, and
said that as long as he was member of the
r6 ha nn hn T1r,I nf
questionable warrants.
After some further discussion, it was de-
cided to adhere strictly to the law, and fund
only warrants of unquestioned validity, Is
sued prior to 1874.
The position taken by Auditor Clinton on
the Wded warrants, created quite commo-
ton among the brokers in attendance on the
board, for it was well known to many of them,
as they stated that for several days past GER
tain brokers have been buying up these war
rants at fifteen cents on the dollar.
The determined stand taken by Mr.. Phelps
has saved the Treasury of the State $40 900.
The following applications were considered:
Z. II. LEVY.
Wicklitfe warrant Observation-Disclosures. 500 90
Graham NEUTRALITY-SUSPICIOUS.. 500 90
CHARLES 7. HOFFMAN.
3 bonds levee), 8 per cent, with con-
pons Observation-Disclosures. 1900 06
bond Qevee), per cent, with cou-
pons Observation-Disclosures. 1,01O 90
A. CASSARD.
Coupons and State notes. ............. $40 65
JOHN B. MANNING.
Bonds, Six Per Cent Levee, with cou-
pons ............ ..-............. 1920 90
10 Bonds B. r. and G. T. r. R. 1920 90
HELLENIC 81 sCHAEFFER.
jackson Railroad bonds, with cou-
pons ................ 1900 co
Opelousas Railroad bonds, with cou-
pons. ACKNOWLEDGEMENTS. 1850 90
Relief state Treasurer, with coupons l,0f0 90
L. ]. FoRsTALL SONS.
e Bonds Act. 80, 1870, with coupons. 21,76O 90
s. Bonds, Leyee Six Per Ce 1t, with cou-
pons. ACKNOWLEDGEMENTS. $500 90
JAS. j. TARLEToN.
Levee bonds, six per cent, with cou-
pons. -: .............. 49,. 5000 90
10 Levee bonds, eight per cent, with
coupons. Observation-Disclosures. 2O,533 90
L. F. BARNETT.
Warrant, Act n, 1871. 1000 90 |
VICTOR LAToUR.
Bond, Act Is, 1866. Observation-Disclosures. 100 90 |
Bonds, Relief State Treasurer ..... 5000 90 |
MISS MARIE CELESTE RATHBONE.
Jackson Railroad bonds, with cou-
pons. ,........: ............ 1910 90
Vicksburg and Shreveport Railroad
bonds, with coupons ....:...... 3,1OO 90
Opelousas Railroad bond with cou-
pom. ACKNOWLEDGEMENTS. ,020 w |
Sweet meets-Two fond lovers in first
embrace.
Instead of timing police officer ten days
Jay for drunkenness while on duty, the Lon
lon Commissioners send him to the House of
Correction for one month at hard labor.
Buy your buggy and carriage of L. T. Maddux,
5 Carondelet street, New, Orleans.
Advertisements in the Want and Rent column in
he BULLETIN, not exceeding one square, inserted
0 the Bulletin.
DIED.
GROUCH-On "Wednesday Decemher Ii at >