The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-05

and Southern Railroad il estimated to be So 776 297
which would leave balance Of $355607 to be provided
Tor by the State in some other way. The income from
these internal improvements, may, in time be than
sumcen to pay the annual interest the whole debt
but the Committee considering that result predetermined
advise bona de sale the interest of the State
works We gave, few days since, the movements in the
Legislature Of Tennessee in relation State taxes which
were highly favorable continuance OF the good credit
Of her securities.
Should the Legislature of Louisiana adopt the sugges
tons OF the governor the State debt viii be qudated
great extent and the interest Of the balance permanently
provdedfor The total debt of the State independent Of
her position as securtyor the debt contracted by the
banks, on the aist Of December, 1885, amounted to
S4o3a,6O for the payment OF which, the State has
sources including mmoveable and movable property,
and sums dine the Treasury, amounting to 262 a46
The receipts into the Treasury for the year ending Dec
3lst, isas, amounted to $746797 Ga expenditures, to
$685. $50 AZ balance hand $9l2s7 81 of which last
mentioned sum, 500 $50 on is available in the Louisiana
Bank The responsibility of the State for the property
banks and municipalities. amounted to Sl7 on the
ast of December lsi The State will be unable to meet
the demands arising this source until her direct debt
is lquidated when by the saving Of annual heavy
payment ofnteres by rigid economy by additional taxa
on and by the sale Of her interest in every public work.
she will be able to fulfil every obligation entered into
and free herself from the dishonest that has long
been attached to the State The direct Of the i'm
debt of Louisiana is the connection between bank
and state that has long existed. The banks have in
truth been greater to that State than the annual
epidemic that visits her soil. We speak CONNER
cally. The advancement prosperity and wealth of New
Orleans have been retarded by the operations Of
banking, than by the ravages Of the yellow fever.
The Legislature of Indiana has adjourned without
doing any thing towards the liquidation of the State debt
They plead poverty and there is truth In the plea Her
creditors will have to patiently wait another session. but
we do not see much chance for them then. Mary
land has made decided yet Her creditors look
very anxiouy for the disposal Of their claims in
shape The marked by the Legislature of Mis-
sissippi is plain enough. The holders Of Union Bank
bonds pretty correctly estimate their value, at all
events for the present.
This comprises the whole OF those states whose ndebt
edness great that the of the governments
of interest at home and abroad The great improve
men in the condition Of the whole peoplethe rapid
covery from serious revusion in all the laws of trade
and commercethe re-estabshment of the currency
sound basis has opened the eyes and of State
creditors and led them expect provision for their
long neglected claims The present indications IA
vorable, and live in hope that something good will
out of the disposition manifested by the different
legislatures towards their creditors.
Comparative statement Of several oi the New Jersey
Banks according to reports made to the Legislatures