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

and Southern Railroad is estimated to be S27762S7
which would leave balance of S3556O7 to be provided
ior by the State in some other way The income from
these internal Improvement may in time. be than
suhcent to pay the annual interest the whole debt,
but the Committee considering that result probematica
advise bona fde sale of the interest of the State in the
works We gave few days sace the movements in the
Legislature of Tennessee in relation to State which
were highly favorable continuance Of the good credit
Of her securities.
Should the Legislature of Louisiana adopt the sugges
tons Of governor the State debt will be lquidated
great extent and the interest Of the balance permanently
provided for The total debt of the State independent of
her position securyor the debt contracted by the
banks, on the 3lst Of December 1913, amounted to
$463a60s for the payment Of which, the State has
sources, including immoveabe and movable property
and sums due the Treasury. amounting to 81 aA6
The receipts into the Treasury for the year ending Dec
sist, is4s amounted to $7467s7 81 expenditures to
$685. $50 40 balance hand $oaas7 81 of which last
mentioned sum- $50 $50 on is available in the Louisiana
Bank The responsibility of the State for the property
banks and amounted to SIT 92O on the
3st of December lS3 The State will be unable to meet
the demands arising from this until her direct debt
is lquidated when by the saving Of an annual heavy
payment ofinerest by rigid economy by additional taxa
ton and 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
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 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 anxonsly for the disposal Of their claims in
shape The marked out by the Legislature of Mis-.
sssippi, is plain enough The holders of Union Bank
bonds can pretty correctly estimate their value at all
events for the present.
This comprises the whole OF those states whose ndebt
edness is great that the Of the
ment in the condition Of the whole people-the rapid
covery from serious revulsion in all the laws of trade
and commercehe re.establshment Of the currency
sound basis has opened the eyes and Of State
creditors and led them to 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 of the New Jersey
Banks according to reports made to the Legislatures