True American. [volume] (New Orleans [La.]) 1835-18??, 1839-01-15

I'd propose loan at low Interest. instead Of the art,
ms Illuminating himself before the moneye aristocras
now. The future prosperity If New Orleans Do IN,
'nds upon the passage Of general Bank law for the
Writ Of the age is adverse to the old feudal customs,
at Went to hold part Of the people in bondage to
,oher part Free trade in Banking as in other things
the only motto under which commercial prosperity
IN ever ba attained. lie
With sixteen Banks in tho mids. Of W, whose
MY i. is to provide for the wants Of the mnny,
,oney eanno, be had 10 this city under less than
10 sc per cen, per annum. from private CAPT.
llis,s. There must be some Inherent defect in
he laws creating these institutions Would It n"'
. wei! for our Legislators 10 inquire into the mat.
or! II foreign and home capitalists could be
flowed the privilege Of publicly lending money "r
i creating representatives Of it, properly secured
or the purpose oflending 10 those who want, would
lot the present enormous Of ou,-door interest
'ome down by competition! 1tarpenrs to US that
I would. VIVA, more easy than for our present
lie gisa,ure, then, to pu, their heads together and
make a law expressly granting this privilege! The
Banks now in existence, seeing that they have not
he whole money field to themselves, will correct
their and prepare for . we'll commended rase
with their new competitors. We have the cape.
renee Of New York, to prove to us tina. the gene
raj bank law Of that state has wrought wonderful |
changes in the policy Of chartered Banks. They
seek now to befriend the many, Us they know that
the many will find firm friends in the newly created
INST tutions. Com petition is the life Of commerce.
whether thu, com cree be in cotton, rice, tobacco
OF money. The old dogma, that money is no. a
=. |. .cl ,bn
money is placed side by side with other urticlc,
Of trade, the better it will be for the people, the
great mass LIE. our representatives., therefore, be
up and ding. TheProsperiry Of the city and thu
state depends upon the passage Of " general bank.
ing law. = N1hEN|
The Courisr.-The modessy OF the state paperis ex
cessve. We shall wonder il it expire Of the mawk-
Isl! fit which now disesses it. The editor claims to be
"modeate man. Zone who, not aspiring much, cannot
be expected perform great deal. He SAYS he has
always "supportd democratic principles but they
were such as were understood and practised duri
tho administration Of Mr. Jefferson" Let examine
these assertions. The first position shall not attempt
to disprove We will tax. it for granted that tho editor
Of the Courier is a moderate But we do posiiive
y affirm that he has not awny, advocated and supper
prsctsed by Mr. Jefferson To 60 no further. We will
ask few plain questions:
Can the editor Of the Courier show that he has ever
cppoSed the party which has been the dominant party
since the elevation Of Gen Jackson in any Of it's wild
and re-, k,ess assumptions Can he show that he has
NOT OF all occasions sussned Mr.. Van Buren, and every
thing which he has countsnnnccd, be i. good or III
since l,.s eIevation7 Has lie adled of from the maei
ciun Of Kinlerhook since the Conservatives Withdrew
from, him. and he espoused the obnoxious principles
propagated by locofocsism
And yet the Courier says:
"Tho assertion that the editor Of the Courier is o 10.
cofoco, will certainly never he credited by any one
who knows how much he has stake, dependent upon
the welfare and tranquility OF the country"
You support the locoloco party in all its excessive and
wanton dcmngoguism and its abuse of every thing like
confidence. and yet you are not loco-foco-have too
much at stake! Why, what are you' An old granny,
who endeavors to with the hare, and We, hold with
the hound Nous uerrons, and shall tell it too.
The proceedings If The Legislature TIL. Courier
need lay 'Aa,,crng uncron II. sonl,' ,ba, br.
ing the State piper. ii will he enabled to difFuse
the earliest intelligence Of the proceedings Of the
Legislature. Our arrangements are nearly com.
pe'cd have furnished full md correct account
Of the duings Of both Houses-at least o. full u nd
accurate are given in the Courier, and few
hour. earlicr-in readiness FOR the "grnve md
reverend Seniors" nfier ',hey have taken their
chocolate. Some Of them perhaps may prefer ru.
mino'inv on VIVA, they have done tho day before,
| willis. they are Shipping their coffee.
Reported for The True Americana
LEGISLATIVE PROCEEDINGS.
| January ~.
Hons" met. Leave Of '''snce gr"".'d to Mess. Muse
| Mr. Ra,liEc prosecuted memorial from VIM Chew. freq
Go" or .nf .,
adopted requiring tho Reporter send his reports to
tho State Printer and authorizing him to furnish copies
Mr. Conrad offered n resolution which adopted maxim
it tho duty Of the Judiciary Committee to make nq" into
aud rep" the delay which exit in the
Of justices !" any Conrs Of the state and
report the most advisable means TO prevent the evils fany
exist.
furnish information relative T." the emov" Of tho Bar thu
mouth Of the Mississippi the state Of the works order-
and the cause Of tho delay heretofore
Mr. Davidson offered a resolution which adopted,
qurne the Printer send copy Of his paper
sheriff in The State while the Jaws ne in e'urse Of Pubien
M tuion offered resolution directing tbs Committee
Internal Improvement inquire The expedrncy ant
pac.ch.y of road between the Parishes of L,four HI
Interior and st james commencing tn
aosr he AID eains at point on tho Mississippi opposite
Mr. Picho. presented creating joint comitte
TO inquire into tho effect produced by the law against gam
bling how said law enforced, and its results mora
point Of view. Read for the first time.
Previous the election Of Reporter several memb her
notice Of hills bs presented and other business
minor impo lance transacted.
The House proceeded to elect Reporter The stood
. r. w. Collins, 81
Peter X. Wagner,
| Rlank,
Mr. Collins having received majority Of votcs was dse.r
ed elected.
| Order Of the DAY.
Th Resolution from Senate nstruc,pr our Sen.tov
themselves show It's proper light tho utility removi
the Bars at the mouth Of the Red River and AGaaya an
the distractions arising from the rocks Opposite
On motion of MIR Lewis rules dispensed with and read tn
second tiEie
Mr. Kennrr moved amend inserting Bayou Lafouvch,
Mr. Davidson tn amrni by inserting Bayou Marnshac.
Ahcr some debate the two amendments Withdrawn 70
tho purpose If bei"g offered in separate bill
resolution was pnssed granting leave Of sbssnce tn
Judge Of the Parish of Cathahoula.
The bill absoving the Banks om the forfeiture of thai
charters IF the suspension Of specie payments
taken up, the debate continued ill III
House adjourned, to be taken up 10 morrow.
| IN THE SENATE
Mr. Grow moved the alton Of the resolution
the Senate for of tho
each Senator Lost ayes 6, noes7
We have full report of tho proceeding, Of tho srna
today We .hallmske arrangements p,.sib
to give tho earliest and Of that body
We have in former article noticed the present diso
ganized and inefficient condition Of the Supreme Cou
Of the State. The rhief cause Of its present fallen
d"n, we learn, results from the decayeJ and sickl
state of MINORITY Of its members. The eicicI
sign his station because Of the inability Of the Court