New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-02-22

| reduce the Drl0Clp0l, anu Six 6uu b uoAl ~
cent interest on whatever balance may
due to the bank at the end of each yea
One of these payments has already bee
made, 80 that the amount now due is bl
5000, and one years interest. The ne1
payment falls due in March. This none
due to the Citizens Bank is secured b
mortgage, and represents 572 shares OF *lC
each, OF so-called capital stock in the NOR
gage department of that institution; stool
however, altogether worthless now, an
more than likely to remain so forever.
The Lynch property has three arpent
front on the river by eighty arpents deptt
cellent dwelling, fine ehrubbery, orang
trees, and a number of cabins and on,
houses, and a good main ditch runnln!
through the cultivable part of the land
The cabins are occupied by orderly and 10
| dustrious cOlOreG families, most OF then
| good and prompt paying tenants.
| The pOwderhOuse property is Located
three arpents below the Lynch prOpert,
and adjoins the Chalmette burying ground
This property was originally purchased q
| auction, December 3, 1874, from the city o
| New Orleans, by Colonel Daniel Edwards
| for his own account and on his own respOn
| sibility for the sum of S775, and afterward
| transferred by him to the college at the
same low price. Subsequent to the trans
fer a dispute arose with the city about thu
lines and measurements. A further pay
ment of $500 50 was exacted by the city
and had to be paid before title to the
whole tract could be obtained.
This land has some improvements on it
and is tenanted, but, thus far, 10 revenues
have been derived from it.
1t has front en- the river of 81 feet lin
Guiding the cemetery, by depth from the
river front, of 1886 feet.
Thus, at a cost of about S22 900 the board
have secured the ownership or the control
OF nearly six hundred acres of land, sntfi
GENTLY near the city Of New Orleans, the
great centre of population. to enable the
mechanical department of the college to be
successfully prosecuted, and sufficiently
rural to answer every purpose of iustruc-
ton IN practical agriculture A still further
merit exists in an extensive frontage on the
Mississippi river. which advantage the
board hope to be able eventually to use in
connection with the government system OF
training scholarships.
The extent of the property already &C.
quired is ample for all the purposes for
which it is designed and no further expend-
iture will be necessary for the purchase of
land. The improvements thereon are at
present inadequate to the wants of the col
lege. A small expenditure will be neces-
quired. will, however be but a small por-
ton of the amount for which the State
stands already pledged by legislative act,
and can not be deemed new burden upon
the treasury. A small amount is necessary
to stock and and render available the lands
of the farm to which the same considera-
tons apply.
The generous grant Of Congress should
not be allowed to lie in part unavalla
BILE to our people for the lack of
sums for which the State stands
be retrenched from less useful objects
of expenditure. The following statements
of the committee of the board of controU
on buildings and permanent location will
convey to your body forcibly the very mod
crate expectations and demands of the col
lege government:
Mr.. A. NJ. Durand, an experienced build
or, has examined the dwelling on the Lynch
place. and pronounced its frame work and
strong enough to support a
three story building tMansard root. which
be could erect at a cost of less than 10000.
This is the first building that ought to
be put under way, owing to its compare
lively small cost, and the ample room it
would give to accommodate at once forty
,r fifty pupils. with school room, dining
'oom. baths, sleeping apartments etc. Ell
orts should be made also TO secure bv de-
,rees stock OF choice domestic animals
For the farm lands a stock of mules
plows. etc. to the extent of at least
12oOo or 5000. ought to be provided 10 en-
able Is 10 turn up ground and utilize the
Taluable labor which the tenants on our
'lace are willing to furnish at current rates
or field hands
1t is designed upon the removal of the
ollege to its experimental farm 10 continue
IS branch school the present school in the |
astern building of the University, for the
'enett OF the young mechanics of New Or
cans, to which the location of the college |
would be inaccessible. This intention your |
ommittee heartily approve, and in connec- |
Ion Herewith beg TO present the statement |
t the board of control respecting certain |
1conveniences filtered in the present loca-
ion OF the city school. No legislation is
rObaoly necessary IN this connection:
" The college with its corps of professors is
I'LL IN active operation in the University
uilding. corner of Baronne and Common
treets, and though we may eventually
amove to Chalmette, it appears necessary
continue branch of the institution in
le city. tor the purpose of atfordlng young
lechanics and others who have begun to
arm wages an opportunity to visit our
'hool IN the evening. after their days
ork is over.
Act No. l25, section seven. approved
prll 4, 1914, gives us unqualified control
the University building we now occupy.
courtesy we allowed its inmates to
main, and cOntented ourselves with TAX
g up as little room as possible for our
hool
This courtesy, however, does not seem
be appreciated, and it may become neccs-
ry to move some of the occupants. parti-
Al fhnsa ErG |
hce rent and show their intolerance by
king every opportunity to belittle orr
hool and professors
Your committee call the attention of
ur honorable body to the statement of
g treasurer of the college respecting the
sources of the board of control other
n zeal estate, January !. 1876:
Herewith l annex in tabular form a |
atement OF all the money received by the
sasurer OF the board, and the various
urces from which it was derived. during
year 1919; also all the money paid out
the treasurer during that period. to
lom paid, and for what purpose it was
i'd
assuming tina. the committee On build
IS and permanent location will report on
labors performed by them during the {
ar. VIII simply add brief statement :
the amount and nature of the present
let's OF the board not invested in real
ate:
STATEMENT. I
W consolidated bonds. bear
ng seven per cent interest. : | % zoo 90
tie warrants issued for Old past Il
ue coupons ................ 4l,i90 90 I
re warrants issued under pro .
isions Of section six OF the or
AIMING act...... ........... 10000 90
crest on consols ACQUIRING i'll
anuary and July 1876. .... 1871 90 n
'h in currency on hand .... 6,j0s 90 :,
Total. s2i1 1882 80 tt
cunt provided for in organic c.
lg act against which no war >,
ants are yet drawp......... $4,000 90 u