True American. [volume] (New Orleans [La.]) 1835-18??, 1839-12-27

United Ssstes Bank stock had gone IN II per cent.
me New York papers, predict cessation Of foreign
demand for Specie but thei, arguments are so short
xhted a. mt to merit notice. With the immense dab,
"ue abroad hangns over it strange that men will
persist IN advancing so nepable position. Neither
1e Cotton nor the wheat crops will suffice 10 turn the
oaance IN our favor q; tbs preseut prices. Specie
must aud will supply tina deficiency.
fhe near approach Of The s.. sion of our eo;.,,,u,e
"a"es necessary for our principal look for
ward to some ANS q" relief 10 the many works of in
sernsI Improvement in which WE are engaged. Our
crest enterprise the Nashville Railway ia in The ma
critical situation Unless relief he given ,hs =. .s,
'he halt million 9th city and thu half million of the
slate will be entirely lost Ge,. hundred thous,nd ,
isrs are requisite to carry it the state lnc when i,
VIII ne productive Of ct a1y revanue To louk =,
Europe, at The present time, wonI he wors. than
au'x0t'c. What remains. therefore, 10 he done7 r.,
call upon tie State banks to advance such ann. M
money % the State as they required to do, from
une t'ihne, by their charters. That bill founded
unon TINS prncie. would rece The san. ton If tn.
consthted authorities, we cannot for moment doubt,
unless all state pride is lost We shall re, to This
ject to morrow.
The wear and tear incident a metallic currency !.
about 70 throw the quiet and plodding mercantile
muniy Of Havana into brois and disputes I, ia we'll
kno wn that the loss upon wear of COIN ndeveden,
Of the arts ofgodsmitha, such as sweating, filing &
equal to Que parin 800 one tenth of anv given
mount IN every thirtv-six years. This gradual dimn.
eR in the value Of coin where specie is the ouy med
am 70 sore evil. Some time since mcrchan, of Ia,
vana offered in payment Of large debt, the coin in
circulation, 81 per cent "fwch were p,staresns at 81
cents each. The latter were refused The Consuado
sustained the refusal while the Audencia reversed tn.
dec'son and directed the "pecetas TO be received n
. cents EACH Another case has occurred INVOLVING
inc payment OF $4,000 The truth is, where specie i
NJ only medium, it is worse for commerce than ire
deensbe paper money, and always has led to nor. f..
quent and runous commissions.
The Citizens Bank Of Madison County, Miss. b,,
suspended specie payment its SIS and los. II J.. ,,
mo ed that Gov. McNu intends 10 order te col..,;o,
Of taxes in specie.l
ne merchants Of Charleston, IS in number have bd
meeting, and requested their debtors in Georp, n
lodge current money in the Banks of the Inter s,,, IL
payment Of the paper sent on for coI,ec,i,n a., ,l
Banks Of Georgia, have without their auhort, i.
mandrd specie funds in payment The pains and no
nary OH the Banks of Georgia has passed The
SENATE ne charters OF the Ocmulgee end Western
Banks OF Georgia, are about to be taken away nv The
Governor for suspending contrary to the expre.s n,ox
SONS therein t
The object Of Gen. Hnmiton's visit to Texas !. n go.
authority from Congress offer 10 per cent inerest m
the proposed loan, which If grnned celebrated Scotch
House will advance the money By letter from the
General at Austin, Dec 18th, it is known TINT his pros
poets are good for o.ccess. He has no doubt Of the