True American. [volume] (New Orleans [La.]) 1835-18??, 1837-04-27

now to weather the storm through ENperience is
our best guide on this su jrct. Principle tells Ms
at the sane result. | owe nv neiohI,or ,oo
7deilars. and have ten dollars worth of uroduc,s ~,
real property (" pay it with, The value of The
''ins winch hold IN presente depends upon the
scarcity OF plenty OF The precious metal, and is
INNS Vaf'apts, while the amour, of nv debt is in,
variable With ruin staring me in the face. dc.
term'ne 10 issue my bond for 100 dollars. based
Hpon the property hold, and uoon nv future in.
d"stry. have only succeeded in putting off this
debt, even admitting that my bond pa sses and is
passed at par My inability 10 pay what owe.
ana tor which received an equivalent in the frs,
place, Is net met on the Threshold by the creditor
end arrested, though il be to his own ndividr,,
loss, ut II is excused, and my bond or promise tn
pay, received in lieu thereof That bond masses
through various hands, and codes back to me Mt
the end 81 tic time, not l sent i, forth, bur
loaded with responsibilities to ten times or one
hundred times its amount If ly any chance 7
should fail TO redeem it, hundreds of unocen,
persons are injured, Tor they based their. ,ransac
uohs npn Its supposed convertibiiity into par val.
ae. NOW apply this reasoning to the transactions
OF post notes be issued and you increaseihe prob.
ability OF final ruin, while you multiply aa infni-
tun, the liabilities of the community that reee;v,
them, and that proportion plunge every citizen
deeper than ever into debt. We know, that the
arguments of time, industry, &C., are brought in
answer to what we have here stated, but shall we
stake our very existence on tho success of n
scheme, thnt carries with it so many thousand
dangers and is in itself but nostrun,, the IN edi j..
cine OF the commercial emprics,! Stall we now
let The disease take its wav, shall we add to its
Jury by fresh supply of public eredH2 The cor.
rect principle Of financcrng, the present suffer
ines, our future interests, our commercial honor
all forbid such course. The pos, note plan is
hut branch of the present deformed and corrupt
system Of pub lie or bank credits.
| walk up Mngazine street, as far as DeInr, and
back aeain:-nof very long one The new
carringe way stands pretty well, though here and
/ there Numerous gnllios are beginning to max,
| their appearance. 1t is pity that some plan
could moi be adopted 10 prevent the giving wav o.
our streets after they ire first paved The laying
transversely of thick Kentucky plank on the sur
taco and the ing of their joints appear to us
to he snte and sure preventive. Byfhjs p|an the
pressure would he equalizcd and no par, could
weld beneath the wheel r preference to another
We'look with some anxiety to the experiment, If
the ohl"ng block of stone for in our opinion il WI,
entirely snprrcede the present system Of sea-worn
nehh'es. Lafayette street is cut through to the
LeVrc, and only remains to be paved A LARGE
/, humber OF hands is at work on Notrp Dame and
Girod streets, from Magazine towards the Ievee
| In the mdst Of our troubles we are proud 10 see
the Second Municipality going ahead with its
Improvements; thou oh we fear that the Mnnicipal
Hall and other projected improve ments, will have
to linger for the present-for the needful is very
scarce, and bonds easily sold.
Piles of cotton that almost kiss the skies, are
snngy slowed away in the sheds of Messrs Chase
d Anderson, to await the issue, we presume. or
the present crisis: meantime their press is husilv
nj work reducing the planters cumlrous hale TO
the shipping size magazine street will be one Of
our principal thoroughfares, when New Orleans
shall have recovered from her present shock, and
re-csi"blishcd herself on the more sure basis of
real capital.
If there be of Shak cspear's PLAYS better
han another R'meo and Juliet will come in for
me preference on the score of poetry and lofty
'dehIiza1"n We are truly glad to see that Ills
admirable play is 10 be given 10 night a, the ST,
Charles. juliet is one Of Miss Charlotte Barnes,
best parts Shei is cninently calculated for III.
'tar saint" who would have followed .shcr lord
hr"nghout the world' with youth and beauty on
her SIDE, and with the apahty f lending to the
text all the nice shades of feeling, her Jnliet has
been dessrvedly considered chef 'ol,ure, a picture
IN itself. Besides she is assisted by Master Burke
MS Romef. Though not great in size, yet by "his
Judicious and well directed speech'' he will do the
part ample justice. Our favore Barton appears
in Mercu'io. VS. anticipate full uoncoutse on
the occasion.
To night Mrs Morley take farewell soriee at
the st. Cdarles Exchange The satisfaction which
the numerous and fashionable assembly on the
last occasion evinced, is proof that this lady will
draw around her this evening a full attendance Of
'he admirers OF ballad singing. ORC vi the great
merits ct Mrs Morey's aineing is the clear nua-
ciaion ST her words wi'hou, losing any of the ef-
Tee, OF tore that the music requires. This great
difficulty being so perfectly overcome argues that
she has studied The art with unusual care The
fiuenry OF her voice, if we speak, fits her
III peculiar manner Tor The compass of room sir
ng. We claim for her a humper,-hcr Banks Of
Blue Moselle is treat enough for the evening.
Donna Carira went "tf with tremendous NJ =
Panse lhs' nigh, to crowded auditory. We
know not which admire most, Mercadante or
Bcni. The Turner is certainly great painter
of the s,erntr passions. Pantanel won addition
al laurcIs in Diego, while Papan,i earned tor her
self the admiration OF all in the part of the Queen.
Inc Ballet was quite amusing. se:inos and Che
rardi dance with good taste. The lu,iet seems
to understand his business hornuully.
FlRE.-Ahout half past twelve o'clock this
""rn'ng, Hewlel's Exchange, at the corner of
Charters aud St. Louis SIS, was discovered 10 he
on tire. Our ticient fremen, however, put stop
10 the dev"nrlng element before any serious dam
age done.
To CORRESPONDENTS, The lines addressed to
Marlin Van BnTrn are good enough in themselves
rut want pnngency.
AS public good merely reerairs the opinions
That appeared day "r Two since IN the subject Of
selling specie to he Banks, we do not deem, his
communication wnrh inserting. Will he be SO
good as to give some facts!
a Z. is nadtnissabIc, unless lie sends five dol
aTs.