The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-09-01
Now Orleans.

Correspondence Of the Heaid.I
New ORLEANS. August II, l821.
Dull Times--Sdk Of the Nashville Raiiroad-Stots
Debts Tares- Theatres Churches evo,o Fever
-Banking-E Exposures.
DEAR SIR
We are now in the midst OF our dullest season and
of all the summers have passed here, this is the
dullest in every respect. There is no buying SELL
ing except at Sheriifs sales, and they unfortunately
are too numerous. There are no receipts or ship
ments of merchandise of any consequence, and the
shipping and seamboating business never was 70
bad.
We had sale yesterday of the great Nashville
Railroad by the Sheriff, at the suit of the State,
which has lent its bonds the Company forS5OO 900
The road was laid for about twenty two miles, when
for want Of funds the work was discontinued, and
the United States government having seized large
quantity of iron for the duties, it not having been
laid down wlthin the time required by law, the State
stepped in and seized the road, negroes, &C., the
company having failed to pay the interest due on
the State Bonds. The road sold for $50, 000 the
State being the purchaser at one, two, and three
years credit The negroes, forty In number, brought
from $500 TO $500, on the same credit-they were
bought by different parties The road at present is
OF no value other than that of the materials it
terminates in the midst OF a swamp on the borders
OF Lake Ponchartrain, and to be Of any service,
should be continued some SO miles further to the
settled country, and is doubtful if the State in its
embarrassed circumstances will carry it through.
This Is but the beginning of the States troubles,
caused by the mprudent and imProvident loan of ts
bonds to incorporated bodies. They amount to u
to 1928 900 900, loaned mostly to banks, great part
OF which will be lost and the people must be taxed
to preserve the faith OF the State. Heaven help u.s.
then, tor we are taxed now as much aswe can bear,
twice as much believe as the people of any other
State in the Union. n
We have, at present, no kind of amusement, the
French theatre Is closed, and both Of the American
burnt The interchangeable Caldwell has formed a
new company, and has advertised for proposals for
building new opera house nearly opposite the site
OF the old One Proposals for rebuilding the Ameri-
can theatre also invited, and we may expect to
have them both open In November.
Some OF our uptown churches are also closed. DIR.
Wheaton, of Christ Church, has gone to the north,
and our beloved Parson Clapp has adjourned for 81
days, and he, and most of his congregation are at
the different watering places on the shores Of Lake
Borgne. Great numbers of our population have left
for the north and west, as well as the watering
places, and we are in truth quite deserted
The health of the city, till within two weeks, has
been aarmlngly good, as the Doctors say, but we
have now the yellow fever among US. Several cases
Of a decided character, with black vomt, have oc-
Cured in the last week, and proved fatal. 1t has
not yet, however, assumed the appearance of an
epidemic having been generally among the shipping,
though there Is reason to fear 1t may spread the
city.
In banking affairs there is now not much interest.
ing, excepting the statement of the Commissioners
ofthe Atchafaaya, published this week, by one Of
them in opposition to the wishes of the other two
one OF whom was the Cashier of the bank This
statement shows either the groseest negligence OF
the most rascaily management of its affairs for -four
years past, about which there various opinions
The commissioner who caused the statement to be
published (Mr. B. F. French) received, on the ap-
pearance OF the first number, an anonymous letter,
threatening him with death if he continued to pub
ish, but he has brought out all the documents and
stands ready to meet the consequences The state
ment is published in the morning Advertiser, and is
very rich thing of its kind. Of this and other mat
tiers will advise you further in my next.
LOUISIANA.