New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-01-24
Letter from Texas.

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Special to the New Orleans Crescent "a
AUSTIN, TxNAs Jan. 5. Loo.
~ Mr.. Edttor-The times of late have been so
tame in Texas that nothing has occurred worthy
of note.
The Legislature has now been in regular session
for over two months, but no action of very general
interest has been passed on, especially to those
outside of the State. 49, s'@ ',S-
A very great amount of business was necessary
to be done in order to place Texas on an easy
footing at home, and render her impregnable to
the assaults Of the enemy!
To render us easy at home, Independent of our
selves and all the world, grand, glorious and
II man pays out money now, it will be bis own
fault, and if he obtains credit he will be quite
smart.
There is no manner Of doubt but that some mea-
stances surrounding the State and the people, but
no such alldevouring, stand.still bill as the one
passed was called for. However, it seems to give
general satisfaction here. The creditors had, as
mass, determined not to push their debtors unless
a disposition was exhibited to avoid the ultimate
payment Of what was due. Of course debtors are
delighted with the law. Could anything be more
natural Even those who were indebted by open
account had began to hold their heads high up un.
der the view that they would have a long credit
and pay no interest, but the Legislature very
wisely stuck a pin right in the heart of that "ely
sum- BY making open accounts bearinterest from
8 Ceftnln time alter Lne ueDG Is incurred.
As parties are prohibited from instituting suits,
as matter of course, the statute of limitation
should cease to run. Accordingly an act was
passed suspending that statute until the :. stay
law "eNpires or is repealed. sfr -. -
r. Ii any of your people are in any way oppressed
by voracious creditors just give them the wink,
meaning for them to scoot for Texas, and we will
build wall of fire around him, her or them thus
enabling an array and marshallng of all the means
for, the final day, which will come along after
awhile. s5G ~ 4 A s+ ss sea-. .s
sSAn effort has been made, and will end in success,
raise the rate of taxation in this State to % cents
on the 500 worth OF taxable property. 1t has
been hitherto only l23 cents. This step is called
for by stern necessity, The treasury is absolutely
empty. The expenditures Of the State Government
are greatly increased. g. "a .-.5 IS &ft
Hn increasing the rate of taxation the Legislature
will authorize citizens TO pay their taxes in either
treasury notes Of the Confederate States OF in or
own treasury notes. Coin has, in great measure,
sought hiding places. 1t shara to obtain; indeed,
hard money is no longer a currency, but is mer-
chandise, which sells at an enormous price. But
the premium for gold and silver here is greatly less
than in your good city. rG n Z,
Solong as paper currency pas ses at par, in all
business transactions, coin may slide, if SO DIS
posed; but when this disposition is plainly man
Tested, think the law, Of right ought to come to
the aid of State paper and solvent banks, by max
ing it legal misdemeanor for any man to offer to
buy with refugee gold and silver the paper cur
rency. II gold and silver wishes to bury itself,
let a penal statute drive the gttering, enticing
persuading stuff to dens that are deep and dark,
from whence it will not be resurreeted until sml
ing peace shall visit us again. s,.ss I. +-sls.,
Numerous measures have been introduced into
the Legislature to place this State on safe and
|impregnable war basis; but, as yet, nothing which
materially induces to position so desirable have
yet passed into laws also, the day fixed for adj
journment is close at hand. These measures,
being Of supreme Importance, require much eau
ton and elaboration if wisely passed. Work
hastily and the chances that the measures aos-
naat,t'ed will prove great, lasting, and crushing
curse instead of the mighty benefits and advan-
tages which they ought to be.
There are some measures that were and are
now, before the Legislature, which, If wisely per.
fected into laws, will be greatly advantageous to
the State in war point of view, but prudence Tin
the language of army correspondence forbids my
dvulgng their substance, at least for the present.
If they passed, and the system adopted carried
out shall take the trouble of posting you in re-
gard thereto.
The militia law has been remodeled, so that, in
the course of two or three months, the Executive
of the State will be enabled to move the State
troops like machine, and throw the whole mill
fairy force of the State in the face of the enemy,
in the event he dares pollute our soil with his
presence. 1t will also enable the Executive to fill
all acquisitions made on him by the President of
the Confederacyfo for troops for long or short terms
As matters progress will wrte
God and Liberty. T WALTON.