The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-02-24

reason given iOr tne uPPorohs e"~"oS
ofopnion in the minds ofmembers. This is most clear
and evident instance Of the influence of bsing over le-
gislaon The vote to be reconsderea, but whether
the consideration" ste be reconsidered will be deter
mined by the result
The manner in which the London agents are received
IN broken States, where they endeavorng TO collect
their claims, which called faith bonds" is amusing
The young Messrs Morrison. of the firm Of Morrison
Cryder and Co., have been here time on this bust
ness and in Florida looking after the Territorial
bonds issued to the Union Bank Others are there look
ing after the Southern Life and Trust certificates
holder Of the letter coupons the extent of spp
ed Tor payment at the Life and Trust Bank, where he
wastod that the idea paying them had long since been
abandoned He then applied Governor Call to certify
the deiaut the Court of Appeals in order that their as
sets mght be sequestered under the charter Colonel
the PRESIDENT Of the Bank then wrote the Governor
letter. and sent him affidavit, stating the certif-
Gates ana coupons had passed from the bank without con-
sideration the bank says Lot Clark the old
PRESIDENT passed them of without authority, and, be-
sdes got cheated in the trade The coupon holders then
applied to the Court of Appeals for mandomu on the
Governoro certify and the Court said Governor was
not under their control The bank fled bill for in
junction against the bond holder but could not give the
security, and therefore made assignment OF all its
assets DESKS safes, (peeie incuded) to the Messrs
Branches The holder of the coupon is now trying to
set aside the assignment Florida paper remarks as
follows
:" Messrs Morrison Cryder and Co., English bankers
of Standing is said have Representatives here, good
looking intelligent men, to inquire after the Union Bank
faith bonds We guess they will learn thing or two be-
fore they leave"
These gentlemen and others on similar business seem
to be quite the butt of rjcule they do find any
difference in the States to the treatment they receive
The Florida paper they hold Bank bonds
hy the Territory and refused payment the ground
oil fraud The New York paper they hold to great
amount against the Dry Dock Bank which claim is
repudated under the usury law of the State OF New
York. Yet New Workers conccit the State to be
without stain, and talk with great gravity of the abo
minable doctrine of reputation in other States
IL Messrs Morrison, hold claims of $4,000
against New York Bank-5Oo 900 against a Flo.
rida Bank-and $4,000 against Mississippi Bank
and collect none of them in New York. because law.
yers have applied niquous law against usury to the
clam-in Florida because the liabilities issued not
according to law and in Mississippi without law through
fraud, what difference does it make to Them what the
plea when the result is the same1 The people and their
laws allow creditor to be robbed and then claim to be hon.
est because the quisbe they employ is different from that
in another State Combining these States altogether by
putting all their liabilities in the form through assump
ion will only equaize and consolidate the general nab
y to pay The Bankrupt law is general measure oper-
less disposition to take advantage of than in the rest
The desire among embarrassed debtors escape from
their claims is universal The moment that ell the States
debts are consolidated in stock those which resist
payment will form the majority and the virtue OF those
States which yet pay will scarcely be strong enough TO
urge them into qualification, for the sake of paying
The greatest errors to prevail in relation to Il va
lue and availability ofthe public lands We
have before us table of each branch Of of the
Federal Government from 1871 1870, inclusive; also
the expenditures The for this fifty years. was
composed as follows
Customs, $746 923 800
Lands,. ........... lO7,3l4,223
Direct taxes, &C., ................... b3,060,072
Total revenue. 81, 2.O75,6S6
The expenditures amounted to 81 Os2 422, of which
$4s6 O04s Tor debts discharged and paid principal
and interest," to the utermost farthing.! statement
which country the face OF the earth else, make
with truth. The United States never like England
tracted debts pay cut throats without the rmotes idea
of paying them, and when the interest became
onerous, deducted per cent from the amount and call
income tax The agency which the public lands have
had in this matter is very small In 1915, 600
borrowed and spent for Louisiana and the Flordas This
sum, with the interest to 1885, when all the debts
extinguished amounted to OO0 The receipts into
the Treasury for lands from hundred nine
one to eighteen hundred and forty, $l0 OF
that amount 9SS received from 1884 1885,
leaving sal 1875 the whole receipts from 1891 1884,
which only $sO in of the of the Flo
ridas and Louisiana The purchases which took place
from 1884 to 1885, not for settlement They yet
for sale in the hands of peculator who offer them
than the government prices These facts which are
ncontrovertble and show how idle is the preencc of
making these lands basis for a debt of 5000 100000
seIes at the seofx Exchange.
New XorkS State AM vc