The Gonzales inquirer. [volume] (Gonzales, Tex.) 1853-current, 1853-08-06

selves Sybcritcs IN pleasure, tyrants in cxnc-
tion and perfidy.
A new era has dawncd. Legislation, in 4
large number Of the States of the Union, has
proclaimed that banking, like every other spe-
cies OF business, shall bc free, and that privi-
lcge shall be numbered among the things that
were. In view of this state Of t~hings-loOk-
ing to the wholesale reform OF the banking
system, produced by public opinion, and the
admirably conceived law before us--we can
see no good reason why our citizens should
not avail themselves Of the benefits dcrivable
from safe and legitimate banking, upon the
free principle. There is in this no exclusive
ness whatever, to her than that which is the
result of different capacities in mcn-fortunc
and misfortune. Those who have money can
engage in free banking without special lcgis.
lativc enactment. They know perfectly we'll
what responsibilities they must assume In en-
bracing the new business, and the profits this
business promise, when well conducted.
The first subject Of inquiry il, what would
be the consequences of All aggregation OF cap
ital, for FREQ banking purposes In this parish 7
The value of our agricultural products cannot
be less in good seasons than two millions of
dollars. or this large sum, a portion, by no
means small, is paid commission merchants
for placing sign manuals to drafts perfectly
good, in point Of fact, without broker endorse
mcnt, We may say; and another respectable
slice goes for filling orders. Now, II solvent
planters and citizens could ut any moinen
current funds, these charges, very
considerable iE tho aggregate, could be saved.
Men would not then pay two and n half per
cent. for the purchasing, by u merchant, of
supplies from himself, through the agency of
q grocer stipcndiary. And money which, by
winnings, now costs nine per cent.
could be obtained for six, making n very great
saving to the Parish in business operations.
as things now stand, our dependence upon
New Orleans is absolute. If we want a dollar
We must go to the counting. houses or bank
parlors of the city and bcscech Il in scrflikc
tone. Another inconvenience has been kccnly
felt. Those who have surplus moncy-mer-
chants, mechanics, oycrseers and operatives
all callings--must keep il about them, un.
productive, or make deposits simply for safe
Keeping. And then there IL a system of shay
ing here, none the less deep and CALLING be-.
cause 1t Is private, sometimes secret, and I'm.
tshcd to n tura. The very best papcr is
" done y Mt r,linous rates Of discount, and the
most obnoxious species Of usury practiscd,
simply because there is no sound, wcll.rcculn.
ted banking house TO afford temporary facilities
upon undoubtcd security, and redeem solvent
obligations ut current banking rates.
We have simply glanced ut the subject.
What We have written is thrown out for the
consideration Of those citizens who look TO no.
suits, and arc not insensiblc to the effects of
inc progressive spirit of the age in which we
I'VE, based as 1t Is upon fundamental truths in
philosophy, finance, md political economy.
LorisIASA.--Thc stockholders of the Texas
Red River Telegraph met on the 9th nlt.
Three hundred and ninety shares of stock
been subscribed. Tie following officers
elected:
JAS. s. Sydnor, president; w. c. Chilean,
secretary aud treasurer. Directors--W. II.
Ward, w. II. Estill, w. p. Britain. n. w.
Scott, John Long, II. Yonkum, Peter j. Willis.
). a. Shepherd and John q. Todd. Mr.. C..
'. Clutc was elected superintendent of the
inc.
The president was ordered to have printed
N pamphlet form and sent to each town the
proceedings md bylaws Of the mpa and
10 issue certificates Of stock.
The Nachitoches papers say tho copious
and uninterrupted showers in that parish have
given rise TO much apprehension lest tie crops
be injured. Red River had risen con.
sidcrably and continued to rise in consequence
OF the rains.
The last Catahoula parish paper says:
IT is with extreme regret that we learned
by conversation yesterday with Mr.. Jns. Aul,
manager OH Col. Tew's Wallace Ridge plantn.
ton. that the army worm has made It's appear
ance in vast numbers, and is committing its
deprcdations with fearful import"
The Shreveport Southwestern, of the 18th
ult., says:
"Thc board Of trustees, nj their las, meet.
ing, passed an ordinance subscribing thirty
dollars to the capital stock of tho
Shreveport Railroad, subject to the approval
OF the taxpayers ON the 18th Of September
The police jury Of Ouachita parish has
passed mn ordinance subscribing for one hun.
drcd and finy thousand dollars of the yicks.
burg Shreveport aud Texas Railroad. Tho
property holders will vote on the resolution
ON Saturday, the 18th inst.
The Alexandria Republican says;
"Thc first Ave days Of this week were very
rainy days. Tho planters had had rain %snonn,,.
and now fear that their crops aru ruined
Cotton is shedding It's fcruis very fast, and
taking a second growth, and should the wealth,
or produce the caterpillar, as Il Is feared u
will, no cotton nj all viii lac made"
The Madison Parish Journal, of the 18th.
says.
"Sincc the publication OF our las, number
we have been visited with nm abundance Of
rain. From the ~ until the 18th il rained
every day. The Weather appears nov TO bc
settled.
"The rain has had a fine effect upon the
corn crop, aad although Il came tco late Tor
a considerable portion of Il, We have no doubt
the crop viii prove sufficient for plantation
consumption for The coming year. There l.
also \ targv amount Of last years crcp slill
hand
We notice that cotton Is shedding conshl.
crahIc, hut with favorable weather our pl.n,
cfs viii make As much ~ they can piek.S
The Opclnusas pspvss, nf the 10th nlt, sayS
"oa ,sst Saturday VIZ feared that The heavy
10 which Nc lai i~en cysssel w,a,id
csusc some titFusEv y. ,A..e c.z - c.....
ssac sspi corn s,ecc then, circumstances