The New Orleans daily Democrat., 1878-11-27
THE CITY DEBT.
TgsE ENTERVEsORs- Rs-ARs4UMENr OF
TaHOs. y. sEsaMHa.
Mr.. fem nlfE snii

Mr.. Sem mes Shlh
That he appeared on behnlf Of Montgomery
and others, taxpayers, who 1nteryened 70 s1s~
lain the Gonstitutionality of the consolidation
net Of 1862
The taxpayers felt profound interest 10
sustaining tho aGt Of 1862 hs they conceived 1t
to j,p the On Y shield Of protection against the
oppression resulting from the enormous
amount Of bonds subsequently issued by the
city In violation of the provisions Uf the ttlr~
ty. y.severth section Of the net Of 1859.
Tho taxpayers believed that oil, or nettf~
ly alI the bonds issued by the city
in violation oF the pledge given to the
consolidated bpndhuhe's In the aGt Of
| 1862, we're null and void Inths opinion many
nble legal minds concurred; indeed, Judge T.
Wharton Collens, ns master IN ehancery, han
made q. report to the United States Circuit
| Court, In which fle tnhintalFled Wlth great
| vgor and learning, That oil of the BONDS IS.
sued by Tho city, except the GoftsoHdatsa
bonds, were null ana Vnn lct tns rsason tna,. ,la
| the provisions of the consolidation act Oh lb1@
were edisregaFded.
| The taxpayers, therefore,, look 10 tne . dee
cision Of the court in this case, with great
anxiety, as the only, means Of pr0t9ctlng oheIa
from bankruptcy, Ihey ore Wllltlng i,3, e. pays
consolidated bombs, prnvidesn s 1hay hre ,,- r.
lievsd from the enormous burden OF sobse~
puent Issues OF bonos. -,,.s .so .,...
| Mayors may hdV'se D sch'lf'R ~ b1a wy
debt, but We Know thnC Inc cFelibGts ot tno
city VIII never consent - - rednce DheiI uss
rnhnEE, unless f6erced' lhere IS no mgde os
eoe'clon tntt en- Da usYssn, eaggPt ~ T. heg1 h
mhen oppoSl1nn w ''H ,eGha1'y ~ tns pv"sa -
issued by the cIby' ana the ohly thsails ~
making ING hsshnit ~ 10 te'y oh 1,ilu sM7ttsut
tho net OF lf,5 III ~ tts prs hnd 'l9e 10 hs y
weapon w. nYhuhte suhsensnt, is5ass u
bonds, Or o. bringing mbout W, sqnitole oofh~
prg,nie WIN VIZ ". n'o 10y y,,,u m
we nave he IeHl Wl,a5ysa W slr ~
TAXATION or oi eKGts5lVs ehAc',nlS Aip,n sIso '
consohdsted ponuuo'Fis, ., .Lglia sae '71. en
iproemenb o. Wv .s :, I'll, it,a,,.s
the interest VI wv n A W. ,lhu i9t
them TO accept terms q mllnstInens Il.a WnlGh
VIII oe ssbtlsacpp,y W go's, uS,g3 ~ .,a
i Or. ahoeeo, w hnnw tila p,s'vtntlun
+ hbldfrs nave aiehuy 'llGhgeti u ulspoSie.o.t 70
~ TO relieve the CITY from the pressure oi in =
ineu,bco p.ayihsn1, ~ hppth.s ~ ~ IT - =
u Wil pt'os'shbu WIN tto aIp1 "E"' :" aug ''
eolneys % w w., not,l .r ttt th tit, ~ +b,
hs hnt,iolIlsS Slow e'. 1a5 ',Ttg IT, " ,,,aas.
T., act d lo52 Ghnngt pe otestoe4. Inc C. Gass' q
4 - bl'gEh, " ~. ~, , Ell - t..t ap!, -
i6 hbla CnC NV W.eh M saeres Sn,lt ~
thhtot the co1So'lu1pt. wy wtle ~ :,
siVe enough y eno.,lca III bIe uetsss1S = ~ u
y. city ChhrteT @Ihe tlt,e IN inc chss ot blIRRs
n Was on stct 10 h''fit = sns ssyttaA "I'' 'A 1oas"
b.u ~, " Iuo ivy W ~ ., ,.. stsr, ,f4
: The title IN the chSe Q! Oohiap Whs az ~, w
~ iOr Inc TeorgahiNtIou ~ ha5 5goa'
i governrnent OF NE We t,Iy " ois1a fs1.ns Ivy
YORK me COURT heiu shab bn,s 'ii eubls .1tat Taa
noe'eo tliaI e'.o net ~ - NV v1rb
The genera powers ol Tue ivy ~ wy ~ - u
!, ana Whhf3Ver powers WeLn 10y I
IL upon me city government were ~ ~
~ IN The genefal supJect TX ie5S'e" la Wy
tItle 70 o tne a. same ozn eiiee' - 'i7 "S'77 u
"roosDb' % WHsbtD zr,s IT,. ..t,4 ~ tsgo .,,g
IN inns view tfe ti'le ~ tiis ~ W tp,a gJn -
tiGes 10 cover any ieglsla1tJ'i fe5psCblug " ~
affairs vi NsW DLis's ~ ml'n pnd setfne
IL .'o19' @ @r, .,n 1rp'ior ~ 5"1nti"n nr other
D. then, hnu any p'oVi5ly" Wy t4As@t'oit ~ ""teA
Mt Wise Tor Their phyDhenC". -. =. <s,s..4,
as Ihe aet ot l5'z - eflbl'en VI ~ " - t4 eos9l
no ldhe the clty OF NeW OiIett!s hla ptoyi4LtH s y
or for the government anu NEUTRALITY-SUSPICIOUS. u Id