The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-02


the railroad and consolidated bond debt of the
city without reference, however to the amount
issued originally on account OF either debt.
The figures are taken from the books OF the
Commissioners Of the Consolidated Debt at the
City He'll. and are as follows:
oPELousAs RAILROAD BONDS.
Funded Into premium bonds .......-... saio.ooo
OUTSTANDING ACKNOWLEDGEMENTS. $4,000
JACKSON RAILROAD BONDS.
Funded Into premiums ........--s....4 1.22t 900
Outstanding OBSERVATION-DISCLOSURES bDD.0u0
CONSOLIDATED BONDS.
Funded into premiums. ................ 7o.ooo
Outstanding 4.877 $50
Making a total Observation-Disclosures. 1851 $50
Of the category Of bonds affected. or that may
possibly be affected by the decision of the
United States Supreme Court In the Morris
Hanger case. The total amount OF these bonds
that have been funded Into premiums is s2.7ei.-
900. leaving outstanding s5,oso.25o Judging
from the system followed In the conversion of
the bonds funded the latter figure 10000. 25ol
would be the amount affected by the Morris
Ranger decision. II II is admitted that the deei-
sion will eventually extend itself ID comprise
all railroad bonds and the consolidated
bonds. The reason why 1t may not
include the $2.2o1 200 consisting by the way,
bunds-ls the apparent impossibility to identify
the premium bonds into which the railroad
bonds have been converted; for In large
majority of cases the conversion has been made
In mixed bonds for an equal amount OF pre-
miums, and although q perfect record OF the
funding has been kept, including the name OF
the applicant, the denomination and amount Of
bonds funded ard the number Of the series Of
premiums issued therefor. the series having
been divided and become the property OF differ
ent owners, through the ordinary course Of
Without lib possb 81 sonlon WheR b s5ls9
q The series q premium a1 bonds the
other bonds that may have been funded stimuli
taneously.
TO be more explicit, say an applicant for
conversion OF city securities into preminin
bonds offers $1,000 In railroad or. consolidated
bonds. and s,oooin gold bonds for premium
say series No. /, consisting Of loo bond lof $40
eaeh1 and numbered from / 10 10o A references
to the records of the consolidated debt depart
show which of the premium bonds OF The series
consolidated bonds. Therefore ID case the
series ID broken and the bonds scattered In bust
ness transactions no discrimi nation is possible
II. however. All the bonds ot the same series
can ba gathered end presented. then the divi-
Regarding the decision 81 the United States
Supreme court, the Mayor and the financial
matter any official consideration, no of1ieial
communication having rs yet reached them
there will hbe ample time to look Into the
lower court, and the speclal attorney of the city
In the case been. consulted. One of The Admin
tstrators seemed to think that 1t might be all for
the better for the city.
CITY TAXES AND LICENSES.
slip Of the pen made lis speak of the ap-
proximate receipts OF licenses up to the irst Of
April a. torres. We hasten 70 correct. the mis-.
II fiugnsss md taxes oUieetoi ii tho tfty hui
w 70 the date named:
Licenses
Cash. ....-....--., soto $50 90
Scrip. ACKNOWLEDGEMENTS. 4.64s %
Total Observation-Disclosures. s227 27s ~
Taxes- as3Te9 Oh
Grand total ,.....,................ Sill .oe5 rs
The amount of taxes and licenses paid up to
the same day In 1878 was as follows:
Licenses tgroasl. .4........ $23s o4D SO
Cash rebate allowed. Il. 05s "a
Total. ACKNOWLEDGEMENTS. st9s 900 rs
Taxes-.-s- .-+.-....-........ s715,473 16
Rebate ..-.1.....' $4,000 90 6s1 ,473 16
Grand total. ,........-+............s 1878 4s5 "
Whilst the city has been more fortunate this
year In the matter Of the collection OF licenses
saving besides the heavy rebate. IT is still be-
hind IT. n the d, matter ut taxes 70 the amount Of
Elbf ,bb4 l5 his ueHtlBnBv 10 hSGrlD6H by ADJ /!
ministrator Isaacson TO the. hope that tax pay
ers have probably INDUCED Id that rebate |
might again be offered or that the Legislature
or the constitutional convention might afford
them some ideal relief.
Concerning the license tax Mr. Isaaeson in
forms US that the collections this year do not |
agencies. beer saloons and others, who had paid |
up by the first OF April last year. and who are |
now sued for the amount of their license
THE MARKETS.
work OF collecting the revenues of the various /
markets that we're not sold nj the recent sale, |
The werk having BEEN quietly prepared and |
nnbeknown to the market ring men, for several |
months. the task was an easy one, and all say
that thy even found rejoicing among the stall |
renters at the change Although yesterday was
ment OF Commerce, the aggregate showed that /
at the same rate daily the revenues for the |
month will excee by from $500 to $4,000 tho ag-
ket ring men. This, Administrator Behan
says. encourages him In the prosecution of the |
new system w thn s ~ the way not left
saries or inspectors. for the latter are them
So yes subject to the superv ision of other high
former d siy and make report also to the Adj |
ministrator OF the result of their supervision |
MINOR NOTES.
The proceedings Of yesterdays City Council |
meeting will be- found published officially In |
The differences between the Belt Grain Rail- |
road Company and the Crescent City railroad /
Company are settled, to all Appearances Sur
veyor Brown was engaged yesterday In giving /
the lines Ut tho Belt Railroad track ut the In. |
terssction Of Louisiana Avenue and the river |
front in rear of the stables Of the Crescent City
Railroad Company.
The city now proposes to put the st. Mary's
Market in thorough epair. with the view OF
there flower and We ge able depot, |
somewhat similar to that proposed by the |
flower and market gardeners.
The Mayor was served yesterday morning
with copy of Judge Billings order in the Lot
terry case.
IN STATE WARRANTS,
Some excitement has been created among |
the Carondelet street brokers, particularly
among that class who make 1t a specially to |