Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1842-06-18
BATON UG Il.
sAruppAy, June ~, 1912.

Hf BANRk AhRtff~sf '
,,rfEaa all with astoulsIfnent-whieh ron
fo,nd, All men ard ail parties, has been adopt
ed Nv the Board OF Currency in New Orleans.
RAM, ~ pnod standing, redeentipg thrl
notes aecordlng 10 lawn The constitutional
rurrcnce~-rke only tarts that could he re-
pnrdad IN acting up ~ he toItdiiioHe Vt ihelr
charter, have been ctilcd ft,J nay, f"eft 60
hy 4 y~fnleiti tnrst Of fletcenaty ieolIup, into
a Suspension If tpeclr pay menie--lhfp Q n'ea-
cure. tie Legality of which has ever beer
doubted, and which, to say me leae', u Fr2rS
Nv %yiotstt,e 81 lhp righte Of indlvtd'lh's.
We bgypihtt far kept oar rr9iora actinant-
ed withJip movements ef tb1 banking tnftts'
t,t,.fs IL Nav OrIeana. Uur last rev waF,
tkai al hut ttnr.-.''a Bank Of Louisiana, tie
t'srrciltou, the tiniob and Mechanics " Ira
Grts~@had frsrendod frccie payments. Those
lad w~tilftood al dctoapde. ad etood IL q
tar way 10 bring about again, after 9 t1'ie' :
IS hulcaoine md equal currency. They were
nfituduu,Iy able 10 meet al dues with specie
or It's equivalent, and after d hard run on one
~ two Of them, people lind tottled down y
Ito solemn conviction that they "eto sound.
Sueb wes tie condition Of affairs up 10 the
gh or lOtii %jnAtan', when The Board OF Cur.
rpacy4-Ibat Iutmaculate itetitution which,
according to 9ogdr, WIS brought nfH WIZ
"hcallng in its wings,"-~a pseudo Wing ahd
rFct,Au. ~loeofOco conccrn-ihe piebald ptoBe-
~ of a population between detnagollges Of
either parfy--assutDcd the hn@enrd oi lrcfo.
rative of ordering the banks aforesaid 10 snF.
pend f%pecie payments II IL but Justice 70
Tic worthy president Of the BOARD, H. "
Shepard, Fro, 10 state That he opposed 70 tie
call all his influence, and when he leiihd me
opposition unayailing, resigned. IhoR' -
Alnrufin waH nominated 10 his pIate--or ~
the vacant merubctshir--(the Bard elects ~
own proBidcnt,) and then, again, tho1lnrafa :
lo'nd rrifndo wag renewed. Seconded ny y
turbulent press. and a population rendered
'stil fioni misfortufes II discriminatory Up
1cala, tie desired end y D attained. The
ctrroilton batl suspended on Friday, and tho
Of or three on Monday.
Thus, then, all arc aEnin on q pr the
woak mud tho H'rong--tie solvent and The N
rolvcpt=-tho vice and tho foolish, they are
now IN Tic zane footing. None pay specie,
and tIle worthless notes Of the one, must be-
come inst as current as the specie notes Of
Tie otlictt
We'll q ret u ~dc'nagogice in New Or
leans have had their way in thie let tis zee
iftte rroplc Of tho State will fnhinit' 70 their
felonit ~ schemes lei Us sec il the Planters
n5d nrerativoR Of Of touifiana, Viii look on
iudiferenfly ard see themselves swindled
for years to rome NJ they have been for
months gone by. There lie no metaphor in
our language We mean just what we say,
and say what we mean this Is . swindlIng
came DEVISED and put In operation by men
whore fole object il 10 secure Themselves al
tho expense Of the poor, the l%aborinp, the
mercantile and Planting iniercs's-at the tx.
penso Of all honest interests, lei who viii
suffer. =,
Tho thing il clear. Ger ain lar c stock
holders IN some Of tho weak banks find them
selves on the verge Of ruin. They per
ceiye that those banks arc actually IN
solvent, and that no hopcd.for indulgence
will save them from eventual bankruptcy
Their object consequently IL, TO drag down
tie strong banks 10 n level with tie weak,
hoping thereby 10 increase and accomplish
the sale of their stock in the latter concerns.
Here Ii the whole mystery, and such Is the
criminal design Of the leaders in this netarlous
not. The grand interests Of an entire State
are 10 be sacrificed to a few merscnary wretch.
o., who call for their plumber in more INCIDENT
ioi,et, than were over assumed BY an Italian
brigand
What are we TO do 7--how defend our
ee'yes against the Vaccinations Of these nm
prinripiei men I We see but one course
The Governor, willing or unwilling, must call
an extra session Of Tie legislature. The obi
o,is bank bill Of The last session must be re.
praled, and some other measures devised u
ward Of the universal ruin impending oyer the
cate. We are no believer in the omIlipotency
Of legislatures nor ia our confidence al all
times too strong III their wisdom. But they
can pull do~n, II they cannot build UP they
ran re,race ~stepe--which evidently lead 10
pcfdition, though they may be incapable OF
pointing out the path 10 paradise. The bank
I'LL with It's hoard Of Currency, is one Of the
richest schemes for swindling a PEOPLE ever
devised. IT must be repealed, Unless it is
done, twelve months from this time will aeo
negroes sold at one dollar per head in Louisi-
tp.
As a measure of relief, We have heard il
suggested that a stop ldn, would have
beneficial influence at The present time. The
very words-stop iaw--afe odious to our ears;
hui, Notwithstanding, it rally seems that
such a law could not fail TO accomplish much
rood for Louisiana. if put in operation jmn1e.
diately, with proper limits aud provisions
We submit the. suggestion, to the wisdom Of
those mufe experienced and better informed
III such matters than we are.
+. S.-Since writing tie above, We have
been informed by the Cashier of the Branch
ol the Bank OF Louisiana, in this place, that
neither that bank, the Union, or the Mocha
nics, and Traders, have suspended specie
payments, lie further states, as his belief
HAT they viii n, I suspend, but will continue
10 ray their own notes in specie, and TO re-
ccise the notes of the other hanks in pay
ineat for moneys due. This still gives cur
rency to the mites Of the weak banks, and
will enable them to palm off on the public a
greater amount than will ever he redeemed,
except at a great discount.
FosFf6E-By the arrival Of The Co umbia
al b 8 on we have dates from England to the
10Th May, There is no political news OF
Importance. la Frailee a fresh conspiracy
against the Kings life had been discovered
A terrible accident, by which forty persons
were killed and more than fifty wounded, had
transpired on the railroad leading from Paris
10 Versailles, along the left hank 0 tie Seine
A terrible fire has desciated the rich city Of
Hamburg. More than fifteen hundred build.
ings were destroyed, and near three hundred
lives lost. The fire ragged four days, and was
mastered at last only through the agency Of
powder. The loss Of property is estimated al
S40,000,o00
SQUEEZED ouT.-A letter from Mr.. MEGA
Ion, and a few remarks by the editor, both
relative to the penitentiary. Can't be helped,
tIolgh; our paper, like our kit, viii hold nc
more than it's full.