Weekly national intelligencer., 1854-11-25
AFFAIRS IN ARKANSAS.

AfrAlhS In AhkANSAS.
The message of Governor CoswAY Of Arkansas to the
Legislature Of that State in session. is very long
document confined exclusively to State affairs There
is not word from beginning to end national matters
politics, which is an improvement upon the usual
habits Of Governors
Governor CONWAY gives compendious statement Of
the condition Of the State treasury II does not appear
to be fourishing. There is not money enough in the
treasury 10 meet the necessary expenditures of the State
during the next six months estimated up May next
because the taxes will not be due and collected in time
Treasury win therefore have to be issued until
the sheris settle up. After May next things win go
mere smoothly The balance in the treasury in October
was $29,5l4.
The Governor has had trouble with the autho-
rites of Texas He complains that after he had made
demand upon the Executive of Texas for notorious cr
mna and the fugitive had been arrested the Supreme
Court of Texas nterred by ha6eas corpus and released
the prisoner the ground of informay in the
rant and refused to hold him. notwithstanding proof
furnished Of the indictment found in Arkansas and the
identity Of the accused He wishes the Legislature to
interfere He has demanded thirteen other fugitives
from other Governors all of whom surrendered,
and he has surrendered five requisNon from other
States.
The Governor enters into history of the Real Estate
Bank of Arkansas long since exploded, for the capital
stock Of which the bonds of the State out and have
been dshonored He shows that there 35l of these
bonds, Of 81 900 each, due and unredeemed with
paid interest amounting the 1st of October to
81, ,O73l90 But the United States Treasury has taken
the precaution pay itself the interest half million
of these bonds which held in for the Smithsonian
Institute, by stopping the amount in its hands Of the
States share Of the land proceeds under the distribution
bill of lS4l. This compulsory payment reduces the
amount Of unpaid interest $41 900 and upwards. The
amount due unpaid bonds and interest is So 3S2
and there is 666 due for loans upon hypothecated
bonds not yet due making he whole debt account of
the Real Estate Bank 81, ,607, ,909.02.
The Governor amens the bad management of the bank
by which the faith and credit of the State "received
wound which has retarded her prosperity" but he
cords effort that the State has made to protect her
obligations. He urges her behalf that it was never
intended, when the bonds issued that the people
should be taxed pay either principal or interest
but that the stockholders should be the responsible par
ties out of the assets of the bank and the proceeds Of
lands valued at sso 772 which they morgaged to the
State He does appear to acknowledge the duty of
the State to make any provision protect her bonds u-
til all other have been realized and exhausted and
he complains that the bank managers have given the
State fair play and reports the progress Of suits law
instituted for the purpose of efectng settlements On
the whole, the prospects Of the holders Of Arkansas real
estate bonds have very encouraging prospect Of get
ting their money soon.
The bonds issued in behalf of the Bank of the State of
Arkansas also outstanding the amount of 1899 900
of principal aud of unpaid interest The prin
cipal is not due until 1868
The estimate Of the Governor is that the assets of the
Real Estate Bank with the sale of the morgaged lands Of
the stockholders will in the end extinguish the whole of
TINT debt ON he State deht tba JoEoonou
be about million Of dollars only The State owes no
other debt which its current will not discharge
This will be good time for the State when it comes
The Governor estimates the number Of of swamp
land to which the State will be entitled under the act of
Congress at eight millions of acres, Of which 1867 051
have been confirmed to the State the Secretary of the
Interior and 1857 have been sold or appropriated
The of education is referred to for the
Of lamenng that few schools are in operation under
the State law establishing schools and to recon-
mend an amendment Of the law and an increase of
the fund.
The railroad question is considered in especial refe-
to the Cairo and Fulton Railroad This road is in
fact part of the Cairo and Fulton Railroad Of Missouri
the two roads being the subjects of large grant of lands
by Congress The surveys have been completed and the
requisite steps prescribed by the of Congress must
now be taken to and select the lands granted In
further aid of the work he that one million
OF acres of the swamp lands granted to the State by Con-
gress shall be appropriated to this road in the nature of
permanent Investment for the benefit of the swamp
land fund.- 500 900 each branch from Little Rock
to the Mississippi river and to Fort Smith He also re-
commends like appropriation Of 100000 acres to the
Mississippi Red River and Ouachita Railroad, Of which
SO favorable opinion has been expressed in New
Orleans.
The remainder Of the message is occupied with local
matters Of no interest out Of the State.--Pcayune