The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-04-09
New Orleans.
Correspondence Of the HERALD
N,y, Op,r.Ns March 70 IL


New ORLEANS, March 80, 1874.
BY the schooner John Barr, which arrived here
yesterday from Vera Cruz, we have the gratifying
intelligence of the release Of the Bexar prisoners.
The English minister had arrived at Vera Cruz,
and was shortly to leave for Mango Clavo. Our
minister would leave there about the 18th, in an
American vessel of war. The Mexicans threaten
to declare war, in case Of the annexation OF Texas
to the United States. Certain it is, that great
show Of military preparations are being made, and
messengers are constantly on the road between
Mango Clavo and the capital | am much afraid
that serious consequences will follow so rash an act
on the part OF our government, which, may God
avert. r 81.
For two days past we have had no mails Ru-
mors have reached there that Mr.. Dorsey, the Col,
lector has been rejected by the Senate. This will
faction, and the office was never so ably hlled 1t
is believed that the ex-president OF the VIGOROUSLY
p,undered Atchafalaya Bank, James w. Breed
oye will succeed him THIS h0weTer' lbs IS not not
of nominating such man while his mismanage-
ment of this bank yet renal ms to be cleared up,
and the suit brought against him for nearly
5000 600 excess OF Issues to be accounted tor, Is
The New York stockholders in this bank should
empoycounsel 10 assist in the conducting this suit,
as large amount is involved, and can be recovered
if ordinary diligence is used 1t is said the Pres-
dent and some Of the directors are still rich enough
TO refund.
There is very little change IN the cotton market
since the last packet from Europe. Every body is
waiting the arrival Of the next packet. Cotton is
in a very anguid state, and still declining. Many
of our houses will lose largely, and some will be
tirely Frustrated The stock of western produce is
large and accommodating, and prices have down
ward tendency The sales of tobacco amount to
about 1900 hhds. at 2, 8 and cents, for crossed,
seconds and firsts The rates of exchange stand
firm, the demand being fully equal to the supply at
the highest rates.
Texas moaey has materially declined, and is
very heavy, per cent bonds selling for IL, and 10
do for H. This description of money has seen its
best days here.
Our legislature adjourned on the 25th without
providing for the payment of the interest on the
bonds of the real estate banks. Indeed it has done
very little since it first convened. We are certain
~ in sad way here--eyery description OF property
is taxed almost beyond endurance, and yet the
people do not find themselves in any respect re-
lieved. The city debt is enormous, and while its
affairs continue to be conducted by that arch imam
cier, S. J. Peters, and as long he can gull the
people and make dollar by it, it will never get
out of 1t.
He is remarkable man, and has arisen from
nothing. He came here an adventurer, without
cent in his pocket, from Canada, and by connect
ing himself with the wing party, and getting bank
under his CONTROL he has literally rode rough-shod
over the people, and amassed large fortune, al
though it Is believed that without bank facilities his
speculations in property would have ruined him
long since.
The city elections will come off on Monday
next and If the locos succeed in turning the wings
out OF ofhce, II is more than probable that before
the end of year, much will be done to reduce ex-
penses and pay the city debt at least to provide Tor
the interest on it. X. q.