New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-12-04
OUR PRIVILEGED ORDER,

men. 1t is their county" All who do
not obey them are knaves and intruders.
The Governor of the State, whom the
upper few do not ack nowledge to have any
legal power, except to grant them commits
sions or to fund their bonds, may be re-
viled as ''usurper' and public robber.
The funding commission may be charged
with conspiracy to enact and execute a
scheme to legalize fraud and repudiate
just obligations. The upper few may
object to sit in this commission on the
ground that it is disrepu.able in their
opinion to do so.
| This board chooses to exercise the
simple principles of indicating itself,
and even goes SO far as to present for ex-
PLANTATION some evidence that they have at
least given impartially and ignorantly
their Endorsement of bonds that were '.is-
| sued in fraud, and sold to innocent third
parties, in which it has not been pre-.
tended that any member of the board was
interested. They have modestly offered
their assurance that the President of the
| Cotton Exchange has, by his jealous
watchfulness lover the interests of the
State entitled himself to the thanks of
every taxpayer in the State" and the
Funding Board would be glad if he should
continue this public service.
1t would seem, from an ANONYMOUS
communication in the Bulletin, that this
board has exceeded its rights in the prem
ises. 1t is considered an unfortunate fact
for the president of the Cotton Exchange
that "W. P. Kellogg should have taken
it upon himself to propose an indorse-
ment Of the services of that president, sin
defiance of the rights of those taxpayers
whom Kellogg and his congeners have
done so much &c outrage and defraud."
1t is considered misfortune that that
president has been "lauded by men who
are held in contempt and detestation by
the good people of our State" This lauda-
ton is regarded as "a most inappropriate
effort to enhance the reputation of the
president of the Cotton Exchange.
With this exclusive privilege which en-.
titles the upper few to say what they choose
about Republican officials, while the Re-
publicans are prohibited froln uttering a
word in defense or reply, the communica-
ton charges the funding board with an
attempt 'to asperse the fair name OF a
gentleman who has been prominently
mentioned" as the next president of the
Cotton Exchange. This gentleman has
waived away the cotton crown. Heis said
to have declined candidacy because it
would involve his sitting with the fund
ing board"
The retort of the board that some bonds
ISSUED in fraud" had been funded to the
order of mercantile house of which the
Cato censor of the board was a member,
is considered a very unwarrantable attack
upon Cato, the censor. The publication
made by the board throws no imputation
npon our cotton Cato. 1t undertakes
alike the board and the censor by show
ing common liability to be imposed on
by bonds "fraudlently issued" We could
not so well state its effect as in the words
of the communication to which We have
referred:
We can understand that in the course of
business house may have from CORE
spondents bonds to be funded without
knowledge of the consideration for which
they may have been issued or sympathy
with the parties interested.
If there were impartial justice among us
might it not be supposed that the Fund
ing Board might also have bonds to be
funded without knowledge of the con-
sideration for which hey may have been
issued or sympathy with the parties inter-
ested." The illegality Of the bonds in
question was never suspected until in the
Auditors Office, difference was noticed
between some print and manuscript fill
ing in bonds of the same series. The
direct imputation that the Funding Board
was not a fit place for a gentleman to sit,
was proper because it was uttered by enc
who had the right of superior position to
say anything abusive of political oppo-
nents and social interiors. The mild
reply that others were, as well as the
board, liable to receive and represent, sin
the course of business" bonds ISSUED in
fraud" is Indignantly repealed as IAN
effort of the Funding Board to injure one
who has 30 frankly denounced its iniqui-
ties"
The Cotton Exchange is called on "to
vindicate the gentleman who has been
thus covertly assaulted" The opportunity
is not spared by the communication to in
dictate another member of the board who
has also voted for his own vindication
from the odium cast on himself in COM
mon with others:
But the public will not lightly Judge Mr..
Baldwin when, forgetting his identity pith
Me bitsi,ess interests of the city, he lends
himself to an attempt ~ bring Odium upon
man who bears 30 fair record.
1.-THE public will not lightly Judge.
This means that the public will judge with
severity man who forgets his identity
with the business interests of the city and
lends himself to bring odium upon gen.
tleman, by showing that the board of
which Mr.. Baldwin is a member may, sin
the course Of business, have received from