The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-08-01

! niger. But as this expense conside, ably exceeds
the receipts for services allowed the whAydngel
by the city, thSt officer may not unreasonaty OBJ
ject to defraying this COST and the city will ther
either have TO pay from her treasury or allow the
owner to meet this demand as has always besn
| done.
1t Ia alleged against inc company that they
pay no taxes. The contrary Is true. They ha We
paid the State $1,000 80 and the city has re-
ceved $l0,34e %. in the shape Of bonus which it,
the city, expressly required the company to pay
| instead OF taxes. The city cannot IN good faith
demand the bonus, a tax, and the ownership of
not violate its contract. Moreover, the hslf
OF the sheds belong to the city, the use
thereof being In the Shed Company, and as this
half originally cost one hundred end twenty
Thousand dollars, the city will receive annually in
this shape nearly five thousand dollars OF the
company'B investment The city could not Justly
expect TO have taxes on what belonged to it, and
accordingly, in consideration OF q bonus pro.
uided, that no taxation should be imposed on the
| company. 1t is also complained that the company
has not paid bonus on all it's receipts. Why shou
your committee complain OF this, If ii believes
part OF the receipts were Improperly exacted
surely 10 cannot be said that the CITY sb ould be
paid on ''illegal exactions." The committee can
with the company. But the city has received in
full the amount Of the bonus agreed to in the
contract. The franchise OF the company was to
charge twenty five cents a hogshead and fifteen
CSRbb Uhi1ot uuAIuB tub HuuIb lLu6 bM0H pDlUR6
had right to remain on the ievee, and on these
charges the city has been fully paid.
Other errors have caused much to be "a id
sgainst this company. The advantages obtained
during year or two past, from close and Geo.
nomiosl administration in the shspeof dividendp,
seemto have excited much displeasnre. These
talked Of profits, as your committee were
shown, do not exceed an average of ten per
centum on the paid in capital Of the company.
The first years OF the compapy's existence were
IiaQakfOita. atOnh want Enwn In lou
figure, and has never since returned to its orr
ginal par value. The present stock OF the COM
pany represents, by one share OF $50 par value,
four of the old shares, upon each of which there
WAS originally paid up thirty dollars. The mar
bet value OF an existing share must, therefore,
reach one hundred and twenty dollars be-
fore it will reimburse the original
expenditure. Some of the present stockholders
considered 80 fortunate by outsiders, paid as
much rs one hundred and sixty dollars fer the
share which 10 now to be bought for less than
ninety dollars. This loss 10 the direct and imme-
date cause of the impositions ginally practiced
on the company by the storage OF sugar and mo-
leases for months at time, at the expense and
on the responsibility Of the company, without
payment. A return to that condition, with per-
mission to use the sheds free of cost, after five
days, is what is desired by those VINO have COM
planned to you, and who are 30 well aware OF the
determination Of this company to maintain rights
which are alike supported by decisions in its "a
vor, and by common sense and Justice, that they
hope TO have the city ltigate where they can
have no hope Of success.
In conclusion, we assure you Of our concur
renee in any plan which will definitely arrange
the differences existing, and fix for the guidance
OF the sugar mon and the sheds permanent
tariff which may be accepted by the company
To effect this, the president and directors will
hold themselves ready to meet and consult with
You AZ your convenience.
JULES A. BLANC,
President Sugar Shed Company.
OFFICE FIREMEss CHARITABLE ASSOCIATION,
New Orleans, July 81, 1877.
To the Mayor and Administrators Common
Council, New Orleans:
Geadeneen-I am instructed by the Board of
Commissioners and finance committee of this |
association to call your serious attention TO the
condition ofthe engine-houses occupied by the fire
department.
Many Of the houses are 30 dilapidated, and have |
been SO long neglected, that they have become |
dangerous to the lives OF the men and the horses,
and the engines and property OF the association |
The attention of the city government has been |
directed to this subject (through the
official communications OF the Chief Ensineer) |
but without relief.
The contract entered into December Is, 1870 |
between the city and the association, requires |
shat all Of the engine and hook and ladder |
houses be placed in complete order by the CITY," |
This portion Of the contract has not been COM |
Piled with.
The association now earnestly appeals to your
body to give this inaportnnt matter
FOUR prompt consideration.
The association will be reluctantly compelled to |
1old the city responsible in damages for any loss
or injury that may hereafter arise from any fur |
her neglect in fulfilling this portion OF the con.
ract. Respectfully submitted.
l. N. MARKS, President.
The Council then adj burned.
THOs. G. RAPIER, Secretary.