Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1877-03-20
TaE RECEIVERS BILL.

TEE RECEIVERS BILL.
AS announced by special tele-
gram from Nashville in yesterdays
LEDGER, Mr.. Milliken's bill, pro-
viding that cities of over $4,000
inhabitants may be placed in the
hands of a receiver appointed by
the Chancery Court, passed the
senate yesterday on its third read
ing. The bill is similar in its main
provisions to the Collier bill which
has passed two readings in the
house, except hat when the terms
of the present officers expire they
shall be filed by a general election,
and thatno receiver can be appoint
cd until the mandamuses against
the city amount to $3.50, 900, or
about $780, 600 more than at pres
ent. The Office of recorder has
heretofore been filled by a nomina-
ton of the mayor, by and with the
consent of the general council.
Should the bill fail to go into effect
for lack Of mandamuses to the
amount of $4,000, the next mu-
nicipal election viii proceed as
usual, and the Office of recorder
will be filed as before. There is,
however, not much danger Of
a dearth in the mandamus
line. Mr.. Milliken's bin. as
first published By the LEEGERr
under the style Of the Fippin bin,
provided hat the recorder and tae
Eharfmaster shoald be elected BIZ
the people. Wersgarlsd il then IS
now ama1tsr Of minor importance
whether these little places are to
BE supplied b. appointment OF
election. A q matter Of sound bns-
mess policy, however. we adhere TO
fhe IDEA Of appointment A feE
politicians however, who feared
they would lose their hold OF miss
opportunities rushed OF TO Nash
vile or sent proxies, and succeeded
II "harmonizlng the Shelby
delegation. a receiver Of a rail-
road, surrounded by a corps Of en-
ployes appointed by a different an-
thority than that which placed him
in position, would be in d rather
awkward predicameit, especially if
they became antagonized to him.
Such an arrangement was never
heard Of in the history Of bankrupt
cies and %receiyerships until now.
But as only one year interyenes from
the next municipal election unit.
the legislature will meet again, and
doubtless restore the mayor and
general council aud give back the
taxing power to the city, thii
does not seem a matter o
such consequence that meu should
have undertaken to defeat the bill
because they could not have it OK
actly their own way, We yield t,
to the changes made, though will
doubts and misgiyings as to th.
ultimate result. Reckless tradir,
politicians have brought the city t
the verge Of bankruptcy and ruin
and now when it comes to a settle
mcnt involving six millions of dol
lars we cannot escape the conyic
ton that the less politics has to d
with it the better for all the peopl,
rich and poor, from the merchan
and banker down to the humbles
laborer. But the bill, as it no,
stands, if passed, may accomplis
great good and bring all our oredi
ors to terms that will not amour
TO confscation. 1t is too late
make amendments Or changes witt
out endaugering the passage of Il
bill. 1t is believed that a constit.
tional majority Of thirty-eight c.
be had in the house on the thi.
reading, and that it will become
law.
a@@p
Stanley Matthews sister married
Joseph Webb. o brother Of Mrs. Hay,
So he srd the President have - broth
IN law 10 common "-LNew York Pc
There is o novelty about the abe
paragraph. Il is true. Other stor
ahort che rslatianebin hsfwaan Matthe