HOW TO GET RID OF A MUNICIPAL DEBT.
For rank and luxurious public dishonesty (observes the New York Tribune) semi-tropical Louisiana carries off the palm. The State has twice scaled down her debt, and now the city of New Orleans proposes to get rid of hers by a trick of legislation and municipal division. A Bill is pending in the Legislature for repealing the charter of the city’ and placing its effects in the hands of commissioners, who are to sell them out to the highest bidder and distribute the money among the creditors. Then the city is to he divided into three municipal districts, numbered one, two, and three, in order to escape process from the United States Courts in suits of creditors holding her bonds. As their would be no mayor or corporation of tbe city of New Orleans upon whom ti e Marshal could serve a writ or mandamus he would have to return such document to the Court with the endorsement “not found.” Practically the city would abscond, leaving for her creditors only the city hall, police stations, and a few other pieces of portable property. The originality of the scheme is only equalled by its rascality.
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HOW TO GET RID OF A MUNICIPAL DEBT., Ashburton Guardian, Volume 1, Issue 106, 29 May 1880
HOW TO GET RID OF A MUNICIPAL DEBT. Ashburton Guardian, Volume 1, Issue 106, 29 May 1880
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