The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-10-16

Correspondence Of the New York Herald
NV ORLEANS, Sept. q, 1874
DEAR BErrErr:-
We have not yet received the official returns from Tex
but a.friend Of mine who arrived here yesterday
brings the that Dr. Arson Jones has elected
President of the Republic by about 1900 majority Jones
is in favor of annexation but should that measure be de-
ea'ed by the next Congress. he determined maintain
the independence OF the Republic at all hszards He has
pledged himself not to compromise by sny treaties with
England or France
The country has never been in fourishing condi-
ton it is at present The emigration from the States
has been greater this year than any one prsvi
than doubled Not less than FIVE thousand - per
sons have located themselves in eastern Texas
tons you will hnd any where in Alabama or Missis
sippi The cotton crop will he third larger than it
was last year computed tina, 80 600 bales viii
to this city by the way Of Red River alone Our cotton
market during the past week has been dropping con.
dition and purchases have been made terms
from day to day Most OF the sales this week made
10 French houses at from 81 to Oil for lists OF middng
The money market quite easy The sale Of assets Of
week This is Of the batch swindling institutions
at the head Of which Yorke Beedlove Hodge Others
figured when the legislature them and placed them
in liquidation send printed list OF the assets for
the benefit OF stockholders and your commercial friends
By i the stockholders and creditors Of this bank win be
informed who pocketed their money Il would be well
to publish some OF the prominent items merely show
how dispense iavors here and who the lew
Mark you, the Glenn oil S97 600 against Edward Yoke
sold or Slan0 Thomas Barretts Of sos sold for
ST. 900 His other notes amounting SIS for S9IO
Andrew hodges notes SO 62s for 800 Josbua Yoikes
drafts for SIT OOo sold for S27o Judg against Jacob
Wilcox $40 900 for 81 200 judge ent against NJ & g.
Allen Co SIS 303 for 500 Wilcox Anderson and
Denton's note So 900 for 1910 Bucbsnan Hsgan 4 Co..
endorsed by Hsgsn Nevin Co IS 500 for $40 &c &C.
In 1912 there IN this city sixteen banks with
mnal capital oil 500 600 forty millions oil bch
paid In s44 OF this batch Of sixteen banks only
remains, with nine millions paid up leaving the
enormous Of thirty millions capital and ak
millions profits scattered TO the winds by that convenient
Clay bill. called the Bankrupt lawn wing measure
which our country will long remember. The assets Of
some OF the other Hqudang banks, will be probably
brought into ark ct this winter, hich will offer fine
chance for speculation to capitalists especially If they
will only take a little trouble to overhaul some OF the
money. and who no than they passed the por
Of bankruptcy, dashed out into business large
scale ever and the no monopozs mostof
the bank avors Of the few remaining banks These are
the Of whggery In this city towards INCH they
contribute their thousands banners public spectsces
and exhibitions with unsparng hands Nothing perhaps
could exceed the splendid OF the whg
sion to day, with their music snd hammers flying pre-
vious to their departure for Baton Rouge. They have
entirely repudiaed the old emblems Of log cabins and
hard cider barrels Tor the expensive banners
and bannerets
By these kind of troppngs they expect to carry the
Safe. But you may rely upon Il, they are deceivng
themselves and their friends abroad and will be
more deceived than Henry Clay All the whg have
been taken up as fast as offered The democrats
giving odds so much for politics about which did not
| intend to say six words " hen took up my pen.
The yellow fever is still lingering in our city. will
leave II, till we have severe FROST which cannot
look for under MONTH Yours. truly, NJ.
TAFT, THE MuRpERFR-NINE HUNnRFn Dor r .ps