Durban, Natal: 1866
From a newspaper clipping (probably the Natal Mercury):
Pioneers of Durban - 8
When Mr. R. W. Tyzack
was elected Mayor in March, 1866 (after the entire
Council had resigned over the Heys building affair, recorded in this
coumn yesterday) it became necessary to take the bull by the horns and
decide what was to be done about the purchase of the Town Office property.
The sale was not cancelled, as the burgesses had asked, but a compromise
was arranged which satisfied everybody.
An important mark of progress was the completion of the macadamised Berea
Road at a cost of #31,868 (far in excess of the estimate); and to help meet
it transport riders had to pay a toll at Toll Gate of 2s. 6d. a load in or
out of the Borough.
COUNCIL SUED
Finance was destined to be the Council's biggest headache in 1866, when it
found itself sued by the London and South African Bank for #43,482 in respect
of overdraft and loans, after an endeavour to float #50,000 in debentures
had failed on the London market. The Council was not satisfied with the
judgement against it and gave notice to appeal to the Privy Council. Then
the Bank got a writ of execution against the Corporation's assets in
connection with the security for costs.
The Sheriff was dispatched from Maritzburg to Durban, and his first "haul"
was the cash taken that day by the Berea tollkeeper. The "bush telegraph"
got busy so that by the time the Sheriff arrived at the Town Offices to bag
all the cash in the Corporation's coffers, the cashier, William Cooley, had
safely placed the Council's ready money in a box and retreated with it
through a side door to Grant and Fradd's office across the road. Thus was
the law honourably defeated, and the salaries of the Town Clerk and cashier
ensured for at least another month.
AGREEMENT
In the end the Bank and the Corporation shook hands over the whole business,
the agreed indebtedness was fixed at #47,395, and the Council was given five
years in which to float debentures to pay it off.
Burgesses were so overwhelmed with delight that they stood the Mayor and
Corporation a complimentary dinner.
The Bluff lighthouse, the foundation stone of which was laid in 1864, was
completed in 1866. For 75 years it flashed its warning beam over the Indian
Ocean, and in 1941 was demolished during the war for military reasons.