The Arkansas banner., 1844-12-04
THE STATE S BONDS.

It twill be seen by the report of the proceedings of the House, on Tuesday last that Mir. Berrandintro- duced bin lo appropriate the specie in the State Bank to the payment of the interest upon the State Bonds, and that il was almost unanimously voted down.
 What the motive of the mover of the bill was in bringing forward the proposition we pretend not to know, but lest the vote upon it should be mscon- straed. we deem it proper to state what we under stand to be the reason why the bill met with so little favor.
 The State Bank has a considerable amount of bills in circulation yet. It has been the policy of all the States, and is right for many good reasons to pro- tect first the circulation of the banks then the bond holder. Now although the State Bank is not paying specie, yet the fact that she has specie her vault sustans, to extent the credit of her circulation. And if law were passed abstrocting the specie, and appropriatng il to some other purpose than the re- dempton of the bills, the circulation would, at once, fall into much greater depreciation than it is at present And in all conscience is bad enough now. II is the correct policy, therefore, to carry out the original plan of the banl-that the specie should be held sacred 10 the redemption of the bills and the protection of the b-hoder
 We understand this to be the view taken by the
 members who voted against the bill of MT. Bertrand
 None of them are in favor of repudiatng-nor dc
 they wish their vote on this bill to be tortured into
 that meaning.
 They all desire the payment of the State Bonds and the interest upon them, soon the State car possibly pay them. But they do not wish to do thi, 
 by robbing another interest of its just rights
 As the circulation of the State Bank is entirely taken in should there be any specie yet re- maining in the bank the present Legislature would doubtless be willing to have it applied to the pay ment of the bonds
 But is it asked will this General Assembly dc noihingtoward the paymentofthe State Bonds2 We answer that we presume they will pass law, re- quirng the banks to take them in payment of debts when offered. At least We are of opinion that this would be good policy, and hope it may be adopted
 PRESIDENTIAL ELscTIoN.-Last week We gave the official vote Of this stae for President and Vice President as counted by the Governor. Al that time, only g counties had been heard from; the ar sregate vote being 15,050-Democratic majority 4,0l2-seyen counties remaining to be heard from. Since then, two of the seven, Carroll and Marion, have come in, adding 3t3 to the Democratic majori- ty. There are five counties yet to hear from viz Fulton, Izard Mississippi, Pike, and Searey, each of which gave Democratic majority in the State election. It is believed that they will add some 500 votes to the Democratic majority; making t nearly 5000 in tine State. We hope to be able to present complete table of the vote, in our next
 THAT BuBBLE.-s'The Texas bubble has burs- ed, said the great embodiment '' and hurt no body but Van Buren!'
 Wonder what he thinks of this bubble now 3r-- Twas not such bubble as the boy makes with soap on the little brooiet that runs through his ia ther's yard nor such as the slight winds make when they sweep gently across the bosom of some broad lake; nor yet such as the young tempest makes when let loose upon the expansive deep, to toss the light bark upon the little waves but such as the giant storms do make, up-bursting from the caves of Ocean, stranding nayies, wrecking fleets, and sending furious ruin into every sail that wtens the raging main
 Such was the Texian bubble that stranded the leeIy bark of Mr. Clay, blasted the hopes of his crew, and relieved the political ocean of its old en- emyI
 Look out upon the settling, yet slightly agitatcd waters, and you behold the huh of the old vessel drifting for the obscure shore of Ashland, and upon one of its broken ribs, sits the ugly carcass of starving coon! And around it, scattered in wild ruin, float the Bank mast, the Tariff mast, and the tattered and torn flags, with dim inscriptions deno- ting the designs and destination of the many -coored old ship.
 HoN. Epw. CRoss.-The numerous friends of this able and faithful public servant will be pleased to learn that he Is now nearly recovered from the severe indisposition which has confined him to his room, in this city, for several weeks past He left Our citv NoStprAay nm fha ste,r,or Ron Er.,i.I;,