True American. [volume] (New Orleans [La.]) 1835-18??, 1837-04-14

The brig Cuzenoye.from Vera Cruz 25th March, |
arrived yesterdays bringing intelligence that the
expedition against Texas is abandoned. The
generalo opinion il, that Mexico will never attempt
TO reconqucr the republic. Santa Anna is daily |
growing favor with the lower classes of The /
people, aud there is no doubt that he will yet
reach the presidential chair, Money is scarce,
and the government cannot procure funds to;pny
whatfew soldiers have been left. -tN
The brig lndcpcndence, dosined for the Mex
can navy, has been sold, and will shortly leave
for Baltimore via this city. She went ashore soma
time since arK Key West, and having been got of,
on her arrival at Vera Cruz was bought by an
American house. French frisate had arrived
Four others were expected from Martinique. Their
Gbjec, to demand restoration Of the forced
loan made on the French citizens.
Poor Mexico! she is in sad way. Intestine
divisions distract her government, while Amer-
ca and France threaten vengeance if prompt re-
sttutlon is Not made for impsitions upon their cit
zens. What will she do! Put Santa Anna,at the
head Of affairs. He is the only man calculated TO
govern his lassaroFi countrymen lie will satisfy
tho deinands Of France and the United Safes, in
a way that will save the honor of Mexico
|
country, in consequence Of the order deprc ssns
the value of the copper The United States.
sloop Of war Natchez, had sailed from Vera Cruz
for Tnnpico and other Mexican ports, to the
United States Flag respected, and 10 prevent any
depredations from being committed on our vessels.
i ------------- ts........
! On the least symptoms of PANIC i'll the COM
mercal world, the frstcourse of monicd i1s,iu:-
| III. II,
solvent. But it too often happens that they teo
catch the infection andby drawing in upon the
usual facilities afforded by them, bring down ruin
NOT ouly upoalhe heads of those who arc suspect
ed, but Of those who are fully able to meet every
: demand gainst them. Cotton and tobacco has
fallen SO low Al to lcavc,a deficit in the expected
asse,s,of this community more thanfjtcen nliHisn
If dollars. How IS this deficiency, to he made up!
By the banks curtaing theirdscounts? No. ~
becoming panic struck themselves, and refusing
to grant those facilities, which, by their-chareTs
they assurcdly have the power to.eStena! Ger
tainly not. They must adopt relief SYSTEM
There ought TO be general relic system. They
ought unanimously to extend to the PUBLIC th'
powerful credit that was given them by the Legis
. lntarc. The Legislature from whom they derive
their credit, the great mgis of their protecion,-
will respond their philanthropy, they will row
: at The trying hour, perform duty, which that BIO
Il dy would fell bound to dn, were it in session. Lie
= them with one accord discount from fire 10 eigh
r. millions of dollars upon the real securities that TIL
e commufity can certainly offer, and all will b
r safe for the solvent. Bur if the portfolios Of hun
ii drcds Of individuals fraught, with securities upo
the soil and industry of this people TO be rejec
y cd as useless, what in the name OF Heaven ca
: the community expect but general bankruptcy
1 Produce at half lis intrinsic value is daily sold 10
u want of tina, very relief which the Ba1tts can a
!, ford, which it is their duty 10 afford, and :whic
Of they must giro and shortly too,-or public and pr
ID va,e credit WILDE destroyed and the State throw
~ back for twenty years. Relief should be II
10 watchword Securities are abundant. Let the
he be, recrveJ, aud New Orleans will rise wiihoi
moes,atioa to her destined greatness. If the
m hints be neglected, TO us, and 10 these wi
ought to have protected us, but would NOT!