True American. [volume] (New Orleans [La.]) 1835-18??, 1839-09-17
From our General Correspondent.

From our General Correspondent.
LOUISVILLE, Aug. ~, 1889.
Dear G'bs0h:-lou can have no idea Of the drought
that Is prevailing in this section Of the country. Draw
line from Chicago in l!Iincs in south direction
through Vincennes the Wabash, and thence to the
Ohio river about Evansville and the east side Of this
line as far rs the Alleghunies, lies the dry region. In
the greater part Of this tract Of county, they have not
had rain for the past four months! All on the west of
this line, and along the banks of the Mississippi, the
crops Of corn, hemp, &c. most Furnishing. In the
greater part Indiana the crop is an utter failure
In Kentucky, the growth is nearly in the same condi-
ton. while the hemp crop will be rery short. Prices of
bale rope and baggng already tending upwards in
| this city. The tobacco has suffered in common with
other articles Those best informed, say that the crop
will he short Of What il the las, s,ason.
You doubt, think that mercantile af1ars are at as
low an ehb in New Orleans, any other part of the
country, but be assured, that you do feel 1.-THE of
the pressure that is bearing upon the commerce Of thi.
city and her sisters in the Thi. day began the
return ofbills from this city Some twenty or thirty
protests for very large amounts back. ibis fail
to meet their engagements the part Of the ner-
ch"nts in the will fall hard upon New York, Phil
adepha and Baltimore You will ask why is it that no
effort is made protect their credit The money is not
to be had at ANY RATE The Banks will not discount,
dollar opaper, though the offerings be guarded y the
best security the country afford. terrible dstrus,
prevails throughout the community. The Banks have
led the way. Drawing specie is the order of the day
with the Louisville, Cincinnati and Indiana Banks.
Cincinnati suffers her share in the troubles assail-
ing the mercantile community. 1t is the frank opn.
ion Of men here, capable Of Judging that Storm the
like OF which has not been experienced, nngs over the
vnl. T.,
city,
The river is almost impossible, 10 low is il. The
sSnosIset is that shall have any high water 10 res
tWe nasi CATION before the ensuing winter. All the
prosaoFtics precisely similar what they were last
gear. Nature herself a.nonises you Of Louisiana to
beHp und built your Nashville Rail Way. The grea,
rivers utterly inadequate the trade between the
Ohio~a.y aSd New Orleans. 1t will take in five years
eime. Twelve nosto DC the business of the year n IN
your city. and fut with uninterrupted comma.
s1cssioa with til. do sIe them for the interest
of Louisiana aa for the sake Of having N. ORLEANS to
he tlse great -urt G this ;unec territory that
your government will no; neglect the Nashville work
next xaiAteE. Mar is ilGs all ! haze couversed with
several Natchez and they s,y thns, tue road shall
never, ssb their consent, 50 east II Pearl rieer, if the
company SHOULD forfeit The carry tarou Eli that
sectnn granssd to them, xnse d,ui.t that
grent efforts will be made l the work in Mississippi
if the company shall pegse TO the privilege il, ia
in possession.
The Gas and Water Bankss Company is il opera.
<ion. Merrick Of Philadelphia is empls,ei in erecting
the Gas Works The rolapuny has the right to deal in
money, shave. &C., and 10y this ops rai..u has .isAdy
declared diSidend on the capital psat in
The injunction the Portland Ral Rad i.ss bees
raised by decree If ae Supreme CnN and tie cars are
running from town to fortIand. napsr saw such
miserable piece Of work'na Iaipin my life. The asad
Of which there is apart, and rished from Lexington to
Frankfort, j. on pur with this secGau il H. "a,