The Yazoo Democrat. (Yazoo City, Miss.) 1844-18??, 1845-01-14
Correspondence OF the 'DemOcrat.n
NEw OnLEAN.. Jan,H 6, az.

New ORLEANS, Jan'y 6, 1874.
Mn. EDIToR-A portion of the great Little men
Of Louisiana, dsnomipated when together, a
+ Legislature, assembled this day in the old Charity
Hospital, on Canal street, in this city. A quorum
being present, they organized and proceeded 10
the election Of officers. Felix Garcia being
elected President of the Senate, and A. Bon
donsquie Speaker Of the House. Gov. MoulOn
sent in his annual message, Of about half a col.
umn of Newspaper in length, which was read
and one thousand copies ordered to be printed.
Tho governor Informs US, the revenue Of the
State has been promptly collected and paid into
the Treasury, and that that branch Of the pub.
lie service, is in the most prosperous condition,
Well, that is more than the pockets Of our eiti-
zsns is, just at this moment, any how. The
Governor is decidedly smart on Gumbo! He also
says, he has been informed by the Board Of Di-
rectors Of the Union Bank Of Louisiana that the
Bonds Of the State ssuel 10 favor OF that Bank,
and due LIST November last, amounting 70 ONE
MILLION SEVEN HUNDRED AND FIFTY
THOUSAND DOLLARS, have been redeemed;
that is real good news to We Taxpayers. Thank
Coda there is S., 100000 less for US TO betsxed;
but have not seen the Bonds, +" CANCELLED
YETw The Governor takes a very decided
and proper stand on the Texas question: il is 60
much to the point, that | send you the extract.
Taken on the whole, the message is a very cred.
table production, and gives US just as much in
formation as though it occupied three columns
| Of Blanket sheet.
presume the session Of the LegislatuPe, viii
be brief as our GREAT Convention assemblies
next week. A resolution was introduced and
adopted to-day appointing n Committee to
make arrangements for the celebration Of thS
EIGHTH OF JANUARY.
The agent, Mr. Hubbard, appointed by and
under resolution of the State of MAssachu
settS, to visit the State, and test the law relating
to free "gemmen" Of colour, arrived in this city
last week. After reflection and consultation, no
deemed it proper to return forthwith, and ac-
cor1ingiy lefkhors yesterday. | think the gen.
tleman has pWrsued the wsest course, in return.
ing, and his wisdom is commendable.
Business at present, taken in oil Grades and
grades, looks decidedly sugFish-the very low
price of Cotton, the last unexpected, unfavoFabIc
accounts to 4th December, has had some ten
dency, together with the HolydayS, in depres-
sing the general aspect of commercial affairs.
The transactions last week in Cotton were VeIy
fair, considering the foreign news was Of 90 gloo-
my nature the sales of the week reaching
$4,000 tales, chiefly for the British market, At
prices, for very inferior 2ic up to &c. for good
fairat these rates it is about next to giving Cot
ton away; and still lower prices are expected.
II there IS any remaining among your planter,
they had best keep it at home, and place their
negroes to raising potatoes and pumpkins next
season. The stock Of Cotton in Liverpool on
the Sd Of December, was 604, $40 bales being an
increase over at the same time in l943 Of 1884,.
$40 bales. Dealers and Spinners there, we're pre-
dicating their operations on crop in the United
States of Z, 800 600 bales. On this quantity they
will be disappointed, bnt whether any improve,
ment, or advance in price, will take place should
the crop net reach 100000 bales is another
question; but chances are against any advance
for the present; the stock in Europe is too large
for that. Planters may as well come 10 the de.
termination at once, TO suspend planting for
large Crops, as the production has now so far
outran the consumption, that another favorable
season will inevitably reduce fair Cotton down
to four cents! that would reduce ordinary down
to somewhere about Il to L cents The Cotton
factors have had some talk, or there has been
some suggestions made, that meeting should be-
convened OF merchants to take into consideFa.
ton, and devise measures, or what course would
be beneficial for the planters to pursue. If MeF-
chants and factors will also at same time take
measures and actions to force their wealthy
Landlords and propietOrs of Stores, Dwellings,
&C., who now are spending their high Reuts in
London, Paris and New York, 10 all the fash-
iOnable mode and ease so much ia vogue in these
celebrated haunts Of expenditure and dissipation.
II our Factors, &c, would consider how much Of
what their patrons pay them, is expended IN
foreign countries, and reduce their charges on
business, one half, they would then be doing the
planter and producers a solid favor. Three.
iouTths of Che Buildings in the business ssotion
Of this City are owned by persons residing In our
Northern Cities and Europe, another portion By
those immaculate institutions Of usefulness CALI
I'D {" BANKS,' and rents are yearly augmsntedgl
and our merchants submit 10 su THE e1tortion4
without any or much effort being made 70 resist
imposition aud taxation. TAe poor impoverished
Planter Of Mississippi, Che Producers % tbs
West, are forced to pay a great proportion o.
these High rents, sGtraVagant living, wine and
dinner DaFtief ovster- furfIe and nhananaiona IN