The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-04-09
New Orleans.
Correspondence of the HERALD
NEW ORLEANS. March 80, j,


New ORLEANS, NJ arch 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 rash an act
on the part OF our government, which, may God
avert. v...
For two days past we have had no mails. Ru-
mors have reached there that Mr. Dorsey, the Coi,
lector has been rejected by the Senate ms VIII
he great misfortune, as he has given great salts
faction and the office was never so ably hlled II
is believed that the ex-presdent OF the VIGOROUSLY
p.undered Atchafalaya Bank, James W. Breed
likely-for the President will hardly take the risk
of nominating such a man while his mismanage-
ment of this bank yet remains to be cleared up,
and the suit brought against HIM Tor nearly
$500 600 excess OF tissues to be accounted tor, Is
still undecided.
The New York stockholders in this bank should
employcounse assist in the conducting this suit,
~
it ordinary diligence is used. 1t Is said the Presi-
den, and some of the directors are still rich enough
10 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 very langud state, and still declining. Many
Of houses will lose largely, and some will be en-
trely 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 frsts. The rates of exchange stand
firm, the demand being fully equal to the supply at
the highest rates.
Texas mo.ey has materially declined, and is
very heavy per cent bonds selling for IL, and 10
do for Ia. This description of money has seen Its
best days here
Our legislature adjourned on the 18th 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
y in sad way here--every description OF property
is taxed almost beyond endurance, and yet the
people do not find themselves in any respect re-
eved. The city debt is enormous, and while its
cier, S. ]. Peters, and long as he can gull the
people and make dollar by it, 1t will never get
out of it.
He is a remarkable man, and has arisen from
nothing. He came here an adventurer, without
cent in his pocket, from Canada, and by connect
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 Office it 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, r. G.