The New York herald., 1845-02-16

Total 428O8379 3l2i 537 Ct 9439s5 so 1l80 602 II
The Auditor says that the tax outstanding exhibits the
gross amount and is subject to generations and com
missions to collectors and county treasurers for four
years. and that about eight per cent Of the amount of tax
assessed is fair average a the allowance be made for
its collection Assuming this to be correct the net
amount outstanding the lst Of January, ls45, was
$3.50 639.
From the LIST to the 25th ol January, lS45 both incu
sive there was recev from ortyone counties the net
amount OF $ls679 27thus reducing the outstanding
tax on the 25th January ls45 to the net amount OF
$44s4i 80 Ofthe OF tax received at the State
Treasury to the 20h Of January last sum Of 1881 III
81 was from the assessment Of ls44 The ability of the
State to pay the August dividend of interest depends in
great moasure upon the collection of taxes The re
csips from public works, WILL Of course 70 towards tho
payment Of interest due then; but the amount due
will be nearly million Of dollars, independent Of tho
csrrent expenses of the State: The geatest economy
must be exercised in the expenditures of the common
wealth, another suspension must be submitted to-
In 1888 the Bank Of the United States loaned to many
distant banks large sums Of money to enable them to
sumo specie payments in January, 1889 among others
the Planters Bank Of Natchez received about million
Of dollars The general explosion Of banks in Missis
spp led the.Legisatnre in the latter part of February
1e4o to pass law prohibiting any bank in that State from
transferring its bills receivable Soon after passage Of
ters' Bank transferred to the United States Bank suf
cen amoust Of her bills receivable to cover the claim
with interest," requiring from the sgentof the Back of the
United States, receipt in full without recourse.
The recent decision Of the High Of Errors and Ap
peals in Mississippi, In the Of Bsdwn Vail and
Hufty Payne, Wood and Greene establishes the con.
sttutionay efthe law Of s4O and declares that subse
qnen TO the passage Of that law bank In Mississippi
had rightto transfer her bills receivable and that
holder Of paper transferred has ground OF tion
against the maker It would seem, then that this tran
saeton made in disregard Of the law Of the State is null
and void Some other interesting questions to
be decided by the United States District Court Of Msss
sippi Many of the stockholders Of the Mississippi
(Na,chez Railroad Bank who have paid but install
ment on their stock garnsheci by tho creditors
oftha bank and the cases. involving large amountswill
probably bo called up for trial at the session Of the Uni
ted States Court in May next compromise hos lately
been made By the egent OF The Bank the United soes
and majority Of the assgnees of the vicksburg Bank
with view to the liquidation of the loan OF $3.50 oOo
najs by the Bank of the United States in 1870 to finish
the Railroad to Jackson and which, under tho assignment
Of the vcksburg Bank Is preferred debt An extension
Of time has been granted and a large amount of real
estate held by the assignees IL to be sold and the pro
ceeds applied to tho payment Of tho instsmen.s on the
debt.