The New York herald., 1850-02-27

that ofths genuine 10 s on the left hsAd end With
large in the centre An excellent alteration, bat
may be sasily detected.
The steamer Amerios, at Boston from Liverpool,
brought the largest cargo brought to that port
any English steamer
More than half Of the vessels in Boston, which have
discharged their csrgoes have been taken up for Cali
fornia Eleven shps barks, and b-igs sailed from Bos
ton last week. for San Francisco; and on Saturday
there were sixteen ships sixteen bsrks fourteen bgs
and three schooners loading the same port, while
negotiations for several large ships to load
going on The quantity of lumber which has been
shipped from Boston California during the last four
months exceeds ten millions of feet; OF shingles be-
tween seven and eight millions; and considerable
quantity Of house and frames sths joist clap
boards, &c.
We learn that the Legislature OF Tennessee before
adjournment, passed bill authorizing the Treasurer
to sell the stock In the Planters and Union Banks
owned by the State and with the proceeds to purchase
Tennessee Eve per cent bonds The State owns about
sl0ooOoo worth Of stock Of these two institutions.
The effect Of this law will be- to enhanos the value Of
the bonds at the expense the bank stock for guam
tty Of the latter will be suddenly thrown upon the
market, sufficient to meet the ordinary demand Of
years.
most remarkable fact, and one that deserves
think, serious consideration than 1t obsans Is
the surprising Indifference and apathy with which
many received By people In gene
raj that to to be fraught with the most dsas
trous consequences. most striking instance Of this
Is shown in the recent legislative action with regard to
the Reading Railroad. The whole annals Of repudis-
tion do not exhibit example Of more Wholesale and
inquitous shirking Of responsibility, or more reck-
less abandonment Of all good faith than here to be
seem and yet with the exception Of few spectators in
the stock and bonds Of the company appears to
have been conscious Of what has happened to have
been startled by the necessary aud far reaching
quences The whole matter has passed before the eyes
of the community without apparently exciting single
feeling Of disapprobstion, or the expression Of the
slightest apprehension Of the fatal effects that must
to the fair fame Of the Americans people,
and the renewed confidence In their good faith which
for the last year two has been slowly growing up
large amount Of the securities of this held
in England, and hardly estimate too seriously
the effect that must be produced there by the passage
through OF cur legislative bodies, Of bill sutho-
rirng such reckless triang with the obligation Of
tracts. This company borrowed money upon their
bonds and pledged their faith to pay them at their
maturity In 1880 When this period arrives the bond
holders cooly told that they must take bonds
in twenty years and when they show the least
rtiveness under such treatment and dis position to
urge their rights At law the legislature OF the State
appealed tothe company obtains at the passage
Of which takes from It, creditors ell redress
We may assured that such acts pied with the
late similar transactions of the Dry Dock Company,
the North American Trust Company, the Morris Canal
Company, and Others must tell against u.s. and their
occurrence cannot be too much deplored. might
does net make right" aud though appear to for
get the wisdom Of many Of their schoo-dsy sayings,
st 1t always was and always will be, true that cheat
ing play never prospers"
In another part Of to-dsy's paper win be found
the official report OF the Auditor and Comptroller
Of Texas relative to the debt Of that State, which
has been transmitted to the Legislature by the Cover
nor. The report exhibits that there is very large
amount Of outstanding liabilities not presented for
audit belonging to the first GLASS and provided for
under the laws Of the late republic of Texas There
s also . considerable amount Of unexamined second
class claims ne, which have not been acted upon,
but which are just and bona fde having been
traeted under the sanction Of law The Governor
commsnds that proper laws be passed to enable the
Board Of Auditors to receive and audit the liabilities
Of the third class, among that class Of claims
many Of the most mertorous character and It is but
Just that they should be placed an equal footing
with those embraced by previous laws IL also sug
gsted that the sesson Of the Board Of Auditors be
tended and continued to such time may be actually
required to adjust the business for which IL was