The New Orleans daily Democrat., 1878-11-27

for the full amount loaned to the city, so that |
the balance due remains as is stated above
The $4,000 left unpaid by my predecessor
was increased by interest ana brokerage TO
s54 900, and q warrant for that amount was
presented for payment in August, 1867; but
on a pledge of State notes being given, |
amounting to $4,000, the time Of payment
was extended to October, Not being then paid, |
a further onn Of $4,000 was made to the city, !
end an additional pledge given, making the
total S125, 900 in State notes, as security for
the loan of $4,000; now warrant, to fall due
in December, was given. On tho second OF
December q warrant for $4,000, on account
of q loan made to the city the Septeln-
Der previous, was presented and paid,
when $4,000 in State notes we're re-
turned to the city, leaving in the
warrant not being paid at the time specified
! the Finance COMMITTEES sent me written iu-
structious to sell the State notes given as col
| lateral and those in the treasury to Avegno
TINT had been returned to the city back to
| Avegno, and on the same day December 26,
1867, he made his return Of the sale Of $l25,000
State notes, out OF which WIS paid the S70,o00
warrant; the'bnlance due was paid over to the
| treasurer. (See controllers report, July to
December 1867, page 49, where the entry ap-
pears in q total of S17O, ,370, and in treasurers
cash, December 2G, 1870, whore the entry Is
Especiffed)
| The controllers reports contain all tho
particulars Of the entries above narrated, nnd
! they concur in language and amounts with
the treasurer's cash, showing that the entlre
| borrowed claim was duly settled, emitting
the collateral Of batture notes not then aC"
counted for.
In the controllers report from January to
June, 1868, page 8, under the head OF receipts,
and dated January 28, 1868, and in the treas
urer's cash book Of Same date, appears tho
following entry:
Avegno Il Willoz, for State notes held By
them as collateral, and sold to them by order
of Finance COMMITTEES, per troasurer's report
of this date, $4,000.
ment sent to the treasnrers book keeper, who
lost sight of the fact that the State notes sold
to Avegno & Wiiioz had already been cred
, tied to State motto account as previously ex-
, planned. The discount on the sale was SAC, ,5}0
(see same report, page 49, so that Avegno y
, WIloz are falsely credited with tho sum ol
$99. 900, and the city cash. which was balanced
when [ left, Is over by $52470. This false
credit brought down Avngno,s liahllitY on thf
trcasurers book to $12656 %, while the con,
troller's books show d liability Of S10l.l72 q
MS due from the city to AVegno u WiIloz; but
! the controllers books nre wrong, as thai
officer has credited Avcgno Il WillOh with thf
sum Of S3G, $40 received on account of batturt
notes but, has failed to debit the firm will
, SAT, 1888 2S batture notes in their possession.
There are two other important errors IL
this account, but it is useless to state them
NJ v object in this communication Is to eStnb
ltsh the fact that il by any means the consoli
dated cash can be made short, the surplus II
the city cash Is three times over to pay 1t, an'
, had this account been examined by tho OK
; perts they would have arrived Mt the same
/ conclusion. In November, 1865, sent com
1nunication to the board OF commissioners de
, failing the facts l have stated her
! fsca minutes). but no action was taken
= nor has my been taken since, al
o though have time and agnll
q called the attention Of the proper authorities
= to the case, and ii any loss has been sus
tanned by tho city, let the officers In autborit,
+ be blamed not me ] have been a mark 10
q evi-disposed persons to shoot at long enough
t, and say this with perfect confidence, thAt
s the books of the city government III operation
y since the war were properly examined, on
million dollars would not cover the stealing
/ and other rnsapprOpTeations OF the publ
= funds, and yet all is serene. for no one hl
= been called upon to account for their evil &c
# ngs. STODbAEf Ho"Ehhs