Arkansas true Democrat., 1860-02-29

<l ne O1u Line DeHncCi@1 asho uo e'io A Flowing questions, which we are disposed to answer:
 "Will the True Democrat be pleased to polnt out to us the peculiar beauties ana eXceiencie9 U Gov. Conway's policy ana sho" us "me. ..o,.or differs from that of its predecessors ana moreover "a in form ne how long it will take, if Conway ,ocv, ;s strictly pursued. to relieve the otate oi | it's present pecuniary liabilt e'!
 We are not surprised at the Old Liners ;cnoronce in this matter He is astranger in the State, and he came here, not to np- hold and defend, nor even to examine and judge impartially, but to pull down and destroy, if possible, the present democratic administration of Arkansas. Before he was in the State two weeks, and certainly before it was possible for him to inform himself, he commenced the attack The very first issue of the Old Line Democrat opened the war upon Gov. Conway.
 Gov. Conway was elected in 1852. When he was installed as chief Executive of the State. there was not dollar of money in the treasurv-the State paid her officers in treasury warrants, which were worth on the street from 70 to 90 cents on the dol lar The country was also flooded with shin plasters of the denomination of one, two. three and five dollars, which occasioned a loss to our citizens annually of thousands of dollars. And, lastly, the State was in- yolved. on account of the banks, in debt amounting to at least four million of dol lars.
 Gov. Conway's policy-that is the lead. ing and great object of his administration has been to remedy these evils as far as it was possible. Every treasury warrant has been long ago redeemed, and the fnan- ces of the State are now conducted solely upon a specie basis. Nothing but gold and silver are paid into, or out of, the State treasury. The system of issuing treasury warrants has been done away with entirely, and the State has been enabled to pay off many debts that were outstanding against her.
 Paper money of less denomination than ten dollars has been expelled from the State, and instead of the miserable rag cur rency, so preve'ent here few years ago, we have an abundance of gold and silver-the necessary consequence of expelling the shin plasters On the 4th day of July next, no paper money of less denomination than twenty dollars, will be allowed to circulate in the State
 But the great measure of Gov. Conway's administration has been the winding up the Banks, and applying their rassets to the redemption of the State Bonds. The State has been in one continued struggle with the Real Estate Bank, ever since 1S42, in the vain effort to bring that institution to an accountability. All of Gov. Conway's predecessors attempted it, but the accom- pishment of it was left to the energy, firm ness and wisdom of Elias N Conway  After a hard contest of more than two years, he succeeded in busting the Trustees, on the 2Oth April. 1855, and placing the assets of the bank in the hands of a re- ceiver in chancery, under the direction and control of the Chancellor.
 When this was done, there had not been a single bond redeemed, cancelled and filed in the State Treasury. Now, in the space of five years, there have been filed and can- celed in the treasury, as fully paid off, over two million dollars worth of the bonds and coupons.
 The following note from the State Trea- surer shows the facts:
 TREASURER'S OFFICE,
 LITTLE ROCK, ARKANSAS,
 February 24nt, ls60.\ Col R. H. JOHNSON:
 Sir-In response to your note of this date, would state that the following is q correct state ment of the amount of Real Estate Bank bonds and coupons and State Bank bonds and coupons cancelled and filed in the treasury, since the lst of October, 1858:
 Twenty Real Estate Bank bonds. $ 10000 % Coupons attached and detached. =. q 204 % Total Real Estate Bank bonds and
 coupons ..................$ $ il ,204 co Six State Bank bonds. .......... $ 6,000 00 Coupons attached and detached .. 1885 co