True American. [volume] (New Orleans [La.]) 1835-18??, 1839-06-27

To THE EDITOR THE TRUE AMERICAN.
Sir-hnvns sect in truly valuable and worthy
piper Of Monday morning. article headed "Thc pres
en -SsissiPnanS, Sc.' passing notice in relu
lion 10 the Caabousing not Le nniss. Tint
system nvcrSnlIy adopted aud persevcrcd IN nv the
quonlnm firms ct this city, opcres to the grrnt der
nent of the smaller, but honest and prrsevcring
cllnnt' who have by their prudent and mica i
course "n'Iived Tie storm and "so to the great der.
ment Of that class Of new comers who amongst
you with hope that the heretofore lucrative trade OF
Nssissipp and other cotton growing salcs, would be
dss minated through The mercantile community, and
not contracted in few rotten and lettering
INT these firms instead of su pending in fact they
did in faith, patched up and re-motited the old hulks
giving them new names, although in fact there
alterations IN the c"ncrrn which can he seen by com.
pairing the now firms with the old ones Ike the hnr-
hers sign are they, which read two ways but hud only
| one meaning.
Here COZ ncnced a new movement Circulars were
sent abroad new business solicited, nn' old customers
battered nnd invited to come forward with their crops:
with this cl,ad they caught many old customers. Many
came here with the intention of arranging their aairs
and settling up the hest of their ability, having ship
ped their produce other house, wishing
ship to the suspended and embarrassed houses know
ing bur in TIE general ruin their produce might go
pay other debts than their own. Tie planter took thin
precnution. Whnt was the course of the old firms? he
| produce was Immediately nttached-the person of thu
planter seized, and inca rcernted in dungeon or the II,
tempt mntle which had the effect Of driving ever,
indebted foreigner from city, and prevent all who
were indebted either personally security from visit
VEG H. elt'ltr on business or pleasure. Win my owl
knowledge mud circle of acq nantance know ct man,
that we're deferred from visiting vonr city from III,
known and determined system ofcauboosnr, prac,set
To an iniun.un extent.
|, is very evident that the course pursued by tles
houses has had runous feet ~ clearly shown in
your truly arpy editorial above alluded torheir cour
wnstruy self sh md inpoite. Finding that they coult
not retain their old business draw up the
appear TO hive determined that body else shall hay
the business which they have ct1ctulIy done To then
eern al ishor"r by the terror of the calnhoose. Fo
your notice Of tho determination Of the Nssssipians
pay their indebtedness You have my thanks, for | ca
aay with truth and from thorough knowledge of tn
people they IRE straning every iqudate thci
foreign Indebtedness the last farthing.
l think TINT the debt of Mississippi to New Orlenn
is over estimated. This arises from the fact M
generally admitted, but think recent bank develope
en clearly prove it. The of the this
The Mississippi Planter l,ecnmc indebted to the New
Orleans Merchants through the banks of Mississippi
The planter owes the New Orleans merchant the New
Orleans merchant the Bank of Mississippi. Th,
great debt was in the way Of bills drawn ON New Orlcnn
houses by our planters and discounted by banks
This is called New Orleans debt but Gu it called
! in truth and justice to Mississippi?
PERICLES OF KINDS COUNTY