New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-29

,re.s have compenedthe cssns IN vdaAsy 70 sost q
tho conduct of their private affairs. lie point. on. "A
n proper subject Of reirenchmen: the pablo prating.
now executed al On annual cost Of siooco-:he larger
rsrt incurred for the publication, IN Preach saA In
rIsh, Of the debates Of the Legislature Ihess De-
bates are not published til weeks and months Asrthsy
occur and, in the Governors opinion, the Whole en-
pense Of reporting and trsDsa'ing a. wen a. p1nsae
is 20 much money thrown away. He aso reconmssds
n ourtailment OF expenses for objects OF cnarNaoe
and educational character, though he seems 10 except
from this proposed curtsament the Asytuns 10Y 'os
Insane, the Deaf and Dumb, and the BhHd, ana ths
Charity Hospital
He also recommends the throwing back the eost OF
criminal prosecutions, amounting annually to s'oo"'
upon the several parishes where the prosecutions
originate. To meet It's annual deficiencies, sboye re-
ferred TO- the &ste has run up debt to the School
Fund of s52e Geo. and 10 the Seminary fundof sl3o~.
The last Legislature with view to stopping this sys-
tenn for the future. provided by law for removing tho
custody of these trust fuods from the treasury; ard
under the provisions Of that act the Governor has
i..ued and placed in the hands of the Treasurer and
Secretary Of State for the benefit of those funds, sr
hundred and sixty.6ve coupon bonds OF q "o each,
payable in forty years from July 1857 with M PER
cent semi-annusl interest. The sccruing in'er" On
the accumulating trust funds has been invested N
State bonds at rates varying from }sl " 70 $s5 Tor
the 800.
Bonds have been issued 10 railroads during the pat
year TO the amount of GOO making, with previous
issues 81 SIS 900 in the whole. Ii is estimated that
1897 900 will be called for during the curreu; year.
There has been received during the year, :or land
sold. 1888 97S, distributed as follows: Swamp lands,
s62j So; School lands S2,s4l; Internal Improve
mept lands. SIS, 600; Seminary lands, 1855. Tho
Internal Improvement Department Is stated TO have
been actively engaged in the performance oil the aoors
imposed upon t. but for particulars the GoVernos refers
TO the report of the State Engineer lie makess hke
reference on the subject OF public educaton tue pub
lie health the Penitentary and the Militia, to mo re'
ports of the Superintendent of Public Educanou the
Board of Health the Directors and essees o. the REM
Tertiary and the Adiutant- General He Indorses the
recommendations contained in the report Of the swamp
Land Board for the building Of protection lcvee for
the City of New-OrlcaDs.
Tbecrminsl revision. One rsthersngdlar
defect particularly pointed out Under The act ior Inc
trial Of slaves the special tribunal that tries them has
newer if the sentence be capital fix the day for It's
execution: but it. by the Intervention OF al escape or
an appeal that day passes b., there is no aw Tor NJ
ing another.
The law Of the last session for protecting the Pcns
in New Orleans by an armed force, owing % tire oppo-
sition OF the Municipal Council and other canses be-
yond the control of the Executive, thoughatempted
10 be- carried into execution at the late election failed
10 produce the expected effect. Governor Wckhbe,
Ike so many other Governors has his dslU sition on
The commercial crisis which, represents 'h'oughtAe
great and rapid decline oceassnsd by in the staples
of Louisiana thus reducing the means OF the nhsbi-
tapts while their debt remains tixedas having BEG.
CARED many who thought themselves opnl"nt, ana
more OF less reduced the moneyed wealth OF the whole
community He finds the cause of this anomalous
financial panic in ian undue expansion OF credit IN
"every shape and form in which credit coald Do
afforded"
To this panic three of the free banks forced for
the moment 70 succumb and one Of the chartered
banks partially also; but a. the first impulse Of
alarm passed away, the crippled institutions succeeded
in reinstapg themselves, and since the Let Of Sove
her the coin resources of oil the banks have osiy me
creased. While finding matter Of pride n tho goods
ness of the Louisiana monetary system, the Governor
complain that the real strength OF the banks August
end September, when the pressure began, was not
what Il ought to have been, what seemed TO be.
The monthly statements Of the Board OF Currency for
these months reveal the fact that the coin actually In
the vaults of the banks differed from the tabular exhibit
by from $500 600 to $sO0,Vo-a discrepancy :" grave
g. TO Indicate either lack Of fairness in the returns, or
a defect in the law, which needs attention. The Gov.
arplauds the wisdom of the last Legislature 10
strengthening instead of breaking down the checks
upon the banks. lie hopes that system will ne psrse-
vered in, and recommends that the specie bass Of the
currency be enlarged by prohibiting the issue Of bank
notes under $40.
Turning to National affairs, the Governor promises
az oTT III IL -
in Utah; INDUCES in dsquiston in favor Of admit.
ting Kansas under the Lecomp.on Constitution; de-
mands the sbrogation of the Cayton-Bulwer Treaty,
and claims that the Southern States be left free by the
North aud the Federal Government for that "expan-
" sion southwark Of the Slavery area, necessary
for the maintenance of the equilibrium oftoe United
States Senate, and for the future progress Of their
agricultural prosperity"