The Weekly comet. [volume] (Baton Rouge, La.) 1853-1855, 1853-10-09

The President Ut tkiS Institution
MI. Alfred Penn, yesterday delivered
ever IL Tie Blass Treasurer. the re-.
iusinder 81 The series II ssvsn Millions
bonds iAsaed by The State Of Louisiana
Id favor ef his bank, for The nss If
which The gtate has received from
The bank, (for her one sixth interest IN
tho tro6fa) upwards OF four bundled
thousand dollars, as shown upon ,hs
ami settlements just concluded BE-
tween The bank and The Siate.---Thus
Il will be ssen the state has by the
judieious management Of this bank,
realised 4 very handsome sum fur the
use Of her credit only, which Upon a
pro rata calculation would give 10 the
Stockholders d profit ii upwards Of
Two million dollars, The larger portion
If which We learn has already been
paid them.
We understand a large majority Of
The stockholders have already subseti /.
bed and are organizing Under the ad-
mirable system Of Free Banking, re-
Gently passed Into 4 law, BY our Legis.
lature, with 4 capital Of One Million Of
Dollars, to 90 into operation the Let Of
tany. next. We believe this 10 be
the soundest and most perfect system
Of "Banking' that has yet been de-
vised. Il not only affords the greatest
security to The Depositors, but guar
antees the safety Of the stock, as well
M the note holder aud we shall al
ways feel when we hold cine Of these
notes with the signature Of ouf worthy
Auditor endorsed thereon Secured by
Meytease IF Stoehs," that VIZ have
something tangible in our pockets
and let happen what ,nay TO the bank
we know where TO go for the specie
other than to the New Orleans Coun.
ter In the hour Of trouble. At the In
mepent peril Of having the breath
squeezed ont Of us but without dis
paragement TO the old chartered banks
Of our State, al Of which are nov ID
good credit, we predict for the notes
Of the Hanks secured In conformity 10
the provisions Of The Free Banking
Law, wide spread circulation, aud
credit abroad which The notes u
Banks not thus secured and counter.
signed. can never attain. We doubt
not the Union Bank will with the
prudent management and good credit
which has hitherto characterized it,
not only yield handsome dividends.
but will prove u safe and valuable IN.
vestment to its stockholders. n
lie Mditts de III Gfaaae band
DE Cutpre.--~ft has not been many
years ago, since there lived aud -four
ished, in this martial peighborhood,
most formidable band ofmiltary men
known far and wide as The ''Inrinoi.
BE Chasseurs.' la the thousand EN-
gagements for which they are noted,
they never left the field without "yie-
tory" II was customary for them to
make a regular attaet upon "pld
Miehael'ss at the corner Of Laurel and
Lafayette street, every Sunday MORN
ing; and then and there make war
On the ''spirits' since there was no
more substantial "enemy' in the coun-
try to be found. The most prominent
feature about this ancient company,
was Ito .brnss band.' The instru.
ments for which, were imported ex-
rressly for the company, and as we
made to order, for we
never eaw anything like them before
Dr. since. There was q horrible look.
Ing wind instrument called the ser
pent,' French horns, snaix, coraet q
pistons with, and without valves, and
when they did ''strike up all Lafayette
street would quake, as If by 'rumbling
thunder moved BY for the most
feature in the band, was
he base drummer--our ancient friend
fohn tho Butcher. John seems to have
been physically constituted By nature,