The Placer herald., 1862-05-24
SACRAMENTO CORRESPONDENCE.
May %. L

|
| this community by surprise. As secession eman-
ated from this military district. had been look
ing some time past, lever since the stone feet
expedtion) for some ether decided move in this
quarter. 1t was natural for the Federal Govern
ment to gather together q heap Of wrath, to be
expended. knew not in what manner or at what
time against these States. 1t may not be true
that Hunters proclamation was authorized by the
President, but all the surroundings would confirm
this belief. If truc it certainly gives new fea-
ture to the war-it is virtually carrying the war
to the Africans The matter has caused deal Of
discussion here between Douglas Democrats and
Republicans. Many of the former say they can
no longer stand by the Administration if the Ad-
mini,traton makes direct war upon the "Institu-
tion" Others say it is oil right, and only blame
the Administration for its fronkness rs il is cen.
orally admitted that ii the war progresses, and
| the South is conquered, then slavery rs q States
Right institution is inevitably doomed If it shall
prove true that the Administration authorized or
sustains Hunters proclamation, the effect upon
party organizations in this State, will readily be
felt. 1t will strengthen the Mcconnell wing, and
materially weaken the Douglas. In fact, cannot
but believe that it will sever the Douglas party,
and the rank and file be driven Immediately into
the Democratic and Republican parties. It will
also have it's influence in retarding, if not break.
ing up, the contemplated "Union Party"
THE WAY IT WAS DONE.
Chas. Denman, under half dozen indictments
| for arson, and one for murder, was arrested few
days ngO in the southern part Of the State, and
brought back to Sacramento. But the fact of bis
arrest and return is secondary to that which
wished to communicate and comment upon.
week or two ago. Gov. Stanford offered a reward
OF $500 for Denman's arrest and conviction
Hardly week had elapsed after the publication
of this reward. before notice appeared that Dem
man had been arrested, and was on his way home.
The offer OF $500 had had the effect to bring to
light almost nstanter upon the whereabouts of
this very bad man-so quick, that it must have
Immediately raised the suspicion in every mans
mind that some officer knew where the rascal was
when the Governor was induced to offer the re-
ward If the suspicion be true, l hope :he Gov
ernor will be induced to withdraw the reward
entirely. 1t is paying too much for one act of
duty by an officer.
ANNUIrTEs-YEs OR NO.
This is question that has excited Sacramento
taxpayers during the week to considerable de-
gree. Your readers may understand it no better
than do. 1t is, however, q sort of "hocuspocus"
arrangement. gotten up here, to raise the market
value of city scrip. judge so from the fact that
the office holders originated and supported it Mt
the election on Wednesday, The main object of
the bill is to put our debt Of 81 100000 into
shape by which the taxes now paid to meet inter-
est may be credited to the principal But this
project meets with very formidable objection.
The bond-holders may never consent to yield up
their bonds for annuity paper. 1t takes two to
complete contract, and to this date the annuity
the debtors. The creditors so far Us l know, have
not uttered q single word, mo, or yes" on the
subject The success of the scheme would there
fore remain entirely in the power of the creditors
of the city, If the people vote ANNUITY, yes"
But it is put forth as q declaration by the cred
itors of the city, and if oil the bond holders would
accept the exchange, it would be "a CO." One
thing about the matter is plain enough Those
who opposed ''Annuity" never intend to pay the
debt or wish to push off the time of payment to the
next generation! The difference in taxes, to meet
annuitles or pay interest, would be about one per
cent. This extra tax on real estate spectators
and large holders. would amount to quite bur-
then, and it would doubtless suit them better to
commence paying debts after this real estate has
been sold Oft to other parties Besides appre-
hend that annuity bonds could be easily COL
lected ny forced sale of the entire real estate,
provided taxes were not paid 10 meet them as
they become due. But bonds. Us existing at pres.
ent can be repudiated. or eternally held at bay
in our Courts. II this view be correct. it is plain
10 see why the real estate owners oppose anuities
anu the consumer or tuXcollecturs and Office
holders, and those who own nothing, favor them
If 'anuties' be adopted then A. and C's scrip
is reduced thirty per cent in value, and d. E. and
F. ct cetrd, have tax of one per cent to pay
yearly for l6 years, Or SO long as they remain
the propretors. 1t seems to me that levee bu,ld.
ing is all that Sacramento will be able to attend
to for the next year. Unless perfect confidence
can be restored the entire real estate of the ciy
together with oil the improvements, would not
sell for the million and half owing. The losses
OF the fiood would have paid the debt twice over
and in consequence Of them, this people are the
less able to pay the interest or principal of the
debt. Sacramento now needs an extension of
credit more than ever Anuties might be we'll
in future time-but we can hardly nsk our Gre
ditors to compromise and give US q receipt in
full, without surrenderng all our property.
THE ELECTION.
Yesterday was truly quiet election div onlv
few OF the mud-sils participating. It resulted
rs every one anticipated. The officials, or Office
holders, were the only persons who felt interest
ed enough in the matter to work for the anuites
The bill would only have amounted to ian offerv
had it received the approval Of the "peeps"
BUSINESS LOOKING UP.
Trade has really improved the last week or
two, so greatly as to be readily observed The
citizens have caught the favorable breeze, and are
| rapidly putting the ood-damaged premises into
good order and repair. Eddy holes worn by the
currents of the river, being filled up; side
walks newly planked; houses put back on their
sites and raised to n defying position; new places
of business opening-in fact everybody is on the
qui uive to recover share of that 81, 900, 900
which Was suced off during the late mining
operations of the American River Destructive
Company.
| IN A BAD PIX.
The breach in the Sacramento river levee, just
below X street, leaves the lower part of our citv
still in very bad condition. How we are to get
rid OF this water before the rains fall again is q
very serious question? When the levee is rebuilt
the water must remain. unless it be pumped out
Here is . great lake, two or three miles square
ea, on the south. penned up BY the levee. Who, up
your way wants water lot? on the corner, or in
the ally. There are still plenty of them, and for
sale cheap for cash.
| ENGINEER LEEr's REPORT.
The editorial fraternity of Sacramento are hav.
ing lots of sarcastic sport at the expense of Leets
Levee Report He has completely confounded
the Levee Commissioners with his figures, which
are immenee. Leet has laid ont f1nres and sne=