The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-11

previous call by the city authorities on the bank
to account for the 100000 of bonds men,
toned in the petition. Had the city authorities
30 done, they would have been furnished at once
with authentic and indsputable evidence justify
ing to the very last the application In strict COM
pliance with all legal exigencies, OF the bonds
deposited with the fiscal agent, for the extinction
of the city obligations alluded to in the law rela
tive thereto.
They would have been shown the statement,
the existence of which is peremptorily denied in
the petition. They would have found in 1t, among
others, the item Of 1906, 635 entered as an &C.
knowledged actual city debt, conclusive on the
fiscal agent "a the share of the city for the ex-
nerses of the Metropolitan Police OF New Orleans
udder the law. They would have found that
statement attested correct and signed, 10 strict
compliance with law, and with the ordinances
passed in furtheranee thereof by the Council,
and with resolutions OF The Finance Committee,
by W. 8. Mount, City Treasurer; J. 0. Landry,
Controller; V. Prados and John Breen, chairman
of the Finance Committees of both boards, and
also, over ana above, by al the members or those
committees, and by J. r. Conway, Mayor. Ihey
would have been shown the resolution OF the
Finance Committee approved by the Mayor
authorizing and directing the tscai agent 70 pay
over to the State Treasurer the bonds referred tc
in ordinance 14s1, N. q for the purpose o. pay
ing the apportionment assessed on the city pS
the Board oil Metropolitan Police Commissioners
They would have been shown the receipt OF
the State Treasurer for tS05,655 in the bonds
mentioned, in full payment, of the bill heading
the receipt for said amount, in accordance witt
section 8 Of the act OF February ", 1861, nnt
| with the statement FURNISHED 10 sald CITY uhuei
| said section three.
| They would have been shown that the bonds
thus receipted for, by the State Treasurer. who
was authorized by law to do so, for account Q
| the Police Board, have been afterwards discount
ed by him. and for the purpose Of the Metropoli
| tan Poos. With that discount the Southern
Bank as tho fl seal agent of the city OF New Or
| leans would have and had, absolutely, nothing
| to do With the application OF the funds real
| ICED by the State Treasurer, the Southern Bank
| as such agent, had nothing to care. 1t was prop
ery directed to turn over aud pay sS05, $50 o
said bonds to the State Treasurer at par, in pay
| ment OF the estimate aud assessment by tn
Police Board on the city, and it has done 80 t
| the very letter
On MIR. Dubuclet rests to show what he ha
| dene with the bonds or with the proceeds. Witt
| the Metropolitan Board the fiscal agent had II
| dealing, no intercourse, no business. MIR. Dnbu
olet may or may not show the application of tn
bonds or their proceeds; whether he does or moi
| s no concern of the bank.
The tisca agent has done lis duty. in strie
conformity with law. and breads no assault, n
sitting, no ventilation Of it's acts and doings l
| that capacity.
The documents mentioned above are at tn
bank subject to the inspection OF State aud mum
/ cpal authorities, OF depositors and stockholderi
and Of all who may have an interest in examit
i ing them.
When the time comes, il it ever do, the South
ern Bank invuInerable as it is, will make In coui
euch appearance and defence as the necessitie
| of the case may require, and feels certain that
scrutiny of the charges preferred aud OF the IL
sues presented will ultimate to it's own honor an
| to the shame aud confusion of those who have ii
| stigated the unfounded and malicious suit 9
recklessly instituted. Very respectfully,
| THOMAS LAY TON,
President Southern Bank.