True American. [volume] (New Orleans [La.]) 1835-18??, 1839-01-12


The free d equal u the country, which
recognize Fictitious superiority in man over his
fellow man, bu, look for all TO work out their own
as they may he entsrprising. indus.
,rous and fruga. I, will prevent certain cliques
who worm themselves into the Banks, from sg-
srega,ine all power, aud assuming an Importance
and supetciliousness Of bearing, as beconsing 10
them as the Duke's,hahilm and authority, TO |
the temporarily elevated groom, jacques. l. will
enable persons holding property or engaged in
profitable pursuits, to svads the ruiaous effects
which ostracism from the bank ledger might cause.
l. will relieve the community from fear Of Mono
poles, which under the present organization, are
frequently created, to the annoyance and injury Of
the public.
The Free Banking System il not difficult to comprs-
hend The position that men have right TO trade in
money a. we'll any other commodity 10 to u sefev
dent and however revolving it may be-, to know that
boodsuckers prey upon the very vi,as Of The unfortu
nate 10 their necessities, when they willing sacr
ice any and every thing, their credit and rspu
tation, yet we must admit that 10 but exercising
right, and those who compelled borrow At
orbitant Interest," only pay the penalty Of their ndscre-
tons or the bitter price which miso. 10 subject.
Banks wcre instituted to obviats this ofthngs-to
prevent these sacrifices, and yet how often these
sacrifices occasonsd through the very course pursued
by tine Banks themselves. All men have right to
trade on their money. ree Banking Law will remove
the restriction which prevents men, who have capital
lying idle from using il for the benefit Of the commune
~ and at the tme increase their own 1t
will break up the usurous system practissd in private
and eecst banking which creates 90 much distress and
so soon eats it's way into fortunes.
Business never dragged lie long leng III more heavily
and slowly along than at the present We
now in the midst Of January and transactions have not
gone up much beyond the summer standard. Occa-
stoned Az this unparalleled state things is by the very
low stage Of WATER there is room for complaint.
though the misfortune Is to be regretted. Were tla ac-
ton Of the Banks, which furnish circulating medium
to the pnbc, more regular aud equal the present evils
would be greatly alleviated but is the attribute Of
these monoPolies to run into the Of benefng
the few at the expensc Of the many Never were the
ills Of banks distinctly than at the present.
They should be compelled to reform abuses. The APP
pcaton Of the general Bank Law principle will effect
this desideratum.
Totes for Governor Of Louisiana. On leading
the official returns of the late Gubernatorial cleo.
mon, the following result was declared.
Roman (W) 1890
rrieur IL. F.) 6782
Romans majority 8O8
There were 4 votes for johnson and 2 blank.
The election Of Governor Roman YVES then con
frmed by the Legislature, each member deposi,ne
! his vote in the hallo'.hox.
A.B. Roman 40
D. Prenr Q
Scattering 5
Mr.. Roman wna declared duly elected.
| ME-
The Legislature wl have to elect Directors of the
Citizens Bank in few days. We ndvse them to b.
cautious in their selection, and particularly set ,he
faces against all Bank spectators, and members o
their own body. The country members should net al
low themselves to be ban,boozled by city ictoton.
We shall continue our remarks upon Free Banking
next week, in which we shall explain its advantage
ard general character. We may also have few word
to say respecting city Banks and no Locket,'
bill.
Firen'en's Benefit. Our ci'z, ns will no. forge
That that the performances this evening Il, the S,
Charles, are Appropriated by Mr.. Caldwell to thu
Benefit Of til" Firemcn's Charitable Assoc ion.
Mr.. Caldwell not satisfied with giving this he
netlt has moreover volunteered his services, n n,
will appear us Gossamer, in that sterling com ed
of Laugh when you Cam. A double ,reu. aw III,
all who will be present, the witnessing of an in
cellent play, strongly and well pcrfnrm ed, M
aiding most useful Charitable In.riution
The Courier OF last evening does not contain tn
slightest recognize, Of yesterdays legisla,iv
proceedings Were they unmportsnt? Pos
albly the resolution Of The senate will be a,cnds
to!
Onr little friend Of the Picayune and the Courier LIKE
wise, have reported The ship Hobart, 81 Days tro,
Liverpool. We cnnno, permit this Injustice, which W
believe uninentona, to friend Capt Selden for Il
had the kindness tn furnish papers Of dates five day