The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-25
BUDGET OF 1873.
Deficit. 1873


IT. Ia estimated, however, that or this def
cheney, IN tho course OF time, about $500, OO
will be collected. which will still leave an nc
tual deficit for 1873 OF $3.50, B55, to which mus
be added Sf3 S51 Overdrawn accounts for th,
same year, making n total Of 1904 FOG. which
will have to be settled with the revenues oil
subsequent years.
The estimated receipts OF next year. less II
per cent, being 81 $50 $50, therefore exceed the
actual collections in 1878 only MS $1,77G, 7G5 Is
to the above figures, or sls2, sG5. But il fact
when the uncollcCted and cOlIectible items Oi
1878 sii3,032 arc added to tho deficiency In
1873 the margin In favor Of the year 1879, after
reducing all possible receipts to the lowest
figures, is still about S22Ol87.
The only unpleasant features OF tho new
budget that appear on It's face, are the items
Of wharves and landings, Of bills receivable,
Of interest, etc, or fines and fees, Of ground
rents and Of pounds. all 81 which in 1878 fell
far short of oven the estimates for 1879. The
total receipts from these sources In 1873 were
S22, 1913. The estimated receipts from these
sources. according to the new budget, is
$S4 $40.
vigorous administration Of the city af-
fairs aud the large margin referred to above
must. however, be taken into consideration,
and may serve to carry out the cash basis
policy Of the city administration. The sale
Of the City Railroad franchises will at all
events supply any cash deficiency that may
occur.
MONEY FOR THE ASYLUMS.
We have been requested to call the atten-
tion OF the directors OF our asylums to the
fact that tho full appropriations made for
these institutions for the month Of July last
can be obtained by calling ut the City Hall at
any time.
THE LIFE INSURANCE COMPANIES.
The petition of tho representatives OF the
life Insurance. agencies established here is
signed by the agents OF seven out OF the nine
life Insurance. institutions the other two,
they say, having decided to withdraw their
agencies from New Orleans II the license Is
increased The license of these institutions
was reduced to $500 by the previous city adj
miniStratOn, and the Increase to $500 is
objected TO. This sum, together with the
$1,000 license they claim, renders the tax
heavy one, and to such taxation they asCribe
the withdrawal of all but nine OF the eighteen
or twenty life Insurance. agencies which cx-
isted here few years ago.
Another petition, signed by two representa-
tivcs OF life and accident Insurance compa-
MES, was also read, to show that the pre-
miums range with them from IS cents q day
for $4,000 to IS for $1,000 under yearly poll
Cies, and that an immense amount Of business
alone would justify a company in paying the
proposed license The Franklin Insurance
Company, of Connecticut and the Mobile Life
Insurance Company have been DESTROYS OF
establishing an exclusively accident business
in this State, but n mistaken notion OF their
business has caused the imposition of IL
cense that precudes them from doing So
The Franklin Insurance Company, which Is
located in all the States but this, does COM
bned business OF only 100000
THE BELT RAILROAD COMPANY.
This company asks the Council to take such
steps as will enable them to complete their
line on Water street, between Louisiana Ave-
nue. and Toledano street. They claim that
the occupation Of the street by the Crescent
City Railroad Company Is not such as was
contemplated by any grant or ordinance of
the City Council; that 1t is not for the use or
convenience of the public, nor for the convey
ance of passengers, but is used by said COM
pany in lieu of turn-table and as a kind OF
supplemental stable or car-house; and that il
it is true, as alleged by the Crescent City
Railroad COMPANY. that the passage Of the
track Of the Belt Railroad Company along
said square interferes with them, 1t is because
they have illegally and In contempt Of the
laws and ordinances OF the City Council con-
verted public highway to their private uses.