New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-12-14

Stocks continue to advance 100 shares of Louisiana
State Bank sold to-day at $780, further parcel
in progress OF negotiation Bank of Louisiana at
$780, and untrsnsfered lot Of Bank New Orleans at
par These the highest prices yet attained this
con. One year ago the Bank Of New Orleans selling
at IS to sS State Bank 1l9 I'LL and Bank of Lou
siana 145.
The subject of new bank under general banking
law is attracting much attention The motives which
govern the projectors deserving all encouragement
By relieving the Railroads of the bonds which they
hold it will add mmeasuraby towards completing the
roads, thought s not to be expected that the aid be
derived from the Bank will finish the roads, but it will add
greatly to insure their completion points where there
will be difficulty of realizing from receipts large
and induce the owners Of property through which
the roads will pass forward and still further assist
them by liberal subscriptions. The whole arrangement
easily and successfully be carried through The
friends of Internal improvements the supporters of home
industry the patrons Of domestic manufactures who
much at stake in the furnishing village of Algers will
not certainly lag behind in the undertaking quarter
million of dollars ought at least be realized from the
other side of the river and the rich parishes of Terre
| bonnie and Lafourchs. Come, who will push on the
column?
As the Of Legislative meetings has arrived and
the financial condition of each State duly presented to the
public Legislature will assemble next month it
will be gratifying to know in advance that State will
be able to present favorable balance sheet than
the State Of Virginia has shown, appears by Governor
Johnsons message presented the assembling of the
Legislature of that State last week 1t will be observed
the amount of the debts Of the State is $4,000 o0O
| The Governor says:
The actual amount of the public debt at the end Of the
last fiscal year. exclusive OF the temporary loan made
during the year 3d. consisting
479 SO registered debt, and of coupon bonds
being increase in the debt in two preceding decal
/ of
into the Treasury exclusive of the internal
fund and the literary fund, amounted to sl746s5s 90
which, with the balance in the treasury at the the
preceding fiscal year Of S50s9l 90, makes total Of
Sl79 $40 IT. The warrants drawn the treasury fol
funds amount to s11s2s sS TO- showing an actta
deficit of $3.50 3d. which was provided for by tempo
| rary lean of 100000
In addition to this deficit there appropriations to be
paid amounting to about S20O5 The interest due on
the pablo debt and payable the LIST of January
1 STlT000.
The internal improvements of the State are dwet upon
at considerable length OF productive stocks the fund
for internal improvements holds S5955s2 d. yielding
interest of more than six cent In loans of nerna
improvement companies secured by mortgages upon
several works the Commonwealth holds $4s75,273 49,
The internal improvement fund also possesses stocks
unfinished works. SA 1859 95 portion of which, wher
| finished will become an interest bearing fund And II
holds in improvements completed, but unproductive
S29S9 SS4 IS, making an aggregate of S27 05l 81
The repeal of all laws upon the subject of usury
the purchase of Mount Vernon by the Commonwealth arr
recommended.
The Governors wisdom and penetration induces him
call attention to the repeal of all laws regarding the ua
of money otherwise called usury Money is nothing blu
species of merchandise and il worth just what peopl
will give for it and Laws regulating its pric
are absurd aud nonsensica We have laws regulating tn
interest Of money in Louisiana, and what do they
to? Why they regarded just as much as piece
brown paper. Yet though laws not of sufi
Gent strength individuals calls into requiston law
of other laws regulating the price of money