Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-04-29

DETROIT, April 2, 1882
Dian BnEHETr,-Our Legislature adjourned On
tedious session OF nearly foar month"; AmonS ths
few important acts of the session. 10 the act ncorpe-
rating State Bank with eight branches and capital
o. Oh oU s~!sS There was, strange to say, COED
tors without reference to their party qualifications
They are all stauneh, honest men, and the country
may rest assured that the affairs Of this institution
VIII be conducted with ability and faithfulness.-
Robert Stuart is pupil of john Jacob Astor-was
Ior many years managing man in the Anne rican Fur
company, and is the best business man western
soahtry affords his name alone is a sufficient guar
anty for the institution Our Wild Cats are at last
all skinned and laid in common grave. OF the
chartered banks, the following down, viz :-Te-
cumseh, Clinton, Washtenaw, Ypsilanti, (eharter
repealed Constantine Erie and Ralamasoo Tin bad
credit River Raisin, Qrembling,) leaving only
Calhoun county, and the two branches Of our city
banks IN the country. We have, of course suffered
all that we must suffer from this source-and now
with the two old banks firmly their legs, and the
new State Bank in prospect, we may anticipate
hereafter for Michigan stable currency.
The appropriations on orr internal imprO EN- ents
were very SMALL being in all only $3.50 900 to be
pended during this year This system, short time
| since so popular, is becoming very burdensome and
odious to our people they begin to realize that they
were at least fifteen years too fast in their calcua
tions. The Legislature therefore, have cut down
the board OF from seven to three, and
the salaries of engineers from 81 400 to 81 400 it
will reduce very largely the expenses of the state,
snd relieve the people from some of the oppressive
taxes levied upon them.
The locos in the Legislature did not succeed in
eecting United States Senator, although they had
clear majority Of fourteen Joint ballot. UnfOr-
tnnatey for the party they have too many great men,
all OF whom were so firmly convinced of their indi-
vdual superiority to refuse to yield any thing for
the sake of the party. They have thus left in the
hands OF the wings opportunity to transfer TO their
own hands all the plumber growing out Of this most
important Office.
stated to you in my last some few facts connect
ed with the mismanagement Of the State Bank, and
the probability of severe loss from its failure
Since then the Senate Committee have made their
report, from which extract the following facts
1st. The balance sheet shows deficiency of all
assets available and unavailabe) to meet its abili
ties of 2l $40 96l0O, for which officer of the in
stitution render any account.
I'd. The unavailable assets of the institution
amount to the moderate sum OF S404 244 "a OF this
item consists Of over drafts by individuals,
unavailable $60,166 "A. Rumor says that some per-
sons in Office have overdrawn to the tune of 200
will learn who these officials are, and let you know
in my next This is the way We manage matters in
the west. When a is elected to an office, his
salary is made small but perqusites he gets the
stealings in" and if he grabs large he is of
election. The total liabilities of this bank
89S610 AZ the available assets t. pay this debt
S,672, PA % vailabe, above stated. The
amount due the state from the bank is $50, 1884 10
all Of which has been used up since the frat Of Aa
gust last.
If the extended limits of your information will fur
nish more beautiful instance Of private and political
rascality than this. will furnish you with still
We delighted with the by the Great
Western; business will soon revive here, although
our Indebtedness to New York is so large that
Their crop is required to bring ont of the woods
The wheat looks admirably well, and the farmers
are sowing large quantities of spring wheat
Your nomination Of General Scott takes well in
this country. Is he not the above all others, to
place side by side with the little magician IAN
Eclipse colt breathing fire and sublimity tame
donkey-an Aroostook pine looking down upon a
Dutch cabbage
THE GIRAFTE.-The proprietors Of this noble
creature have been reaping golden harvest during
their southern winter tour. Having about a week
since left this city, several of the principal towns
on Long Island have been visited and at BROOKLYN,
Jamaica, Hampstead, and other places, the exhibi-
tion has been fully attended. We learn that the ex
hibtion is about to leave this part Of the country on
tour through New England, where, doubtless what
with the natural curiosity and desire for information
characteristic Of our eastern neighbors, the benefit
to be derived from the acquisition Of knowledge Of
Natural History, the polite and gentemanly receP-
ton ever extended by the prcpretsrs, the success
Of the exhibition will exceed their most sanguine ex-
pectations.