New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-01-27
' MONDAY MORNING. JANUARY 27, 1862.

possible the interests of the people Of the whole
State and the Confederacy. He called upon sena-
tors to beware lest they involve Themselves in a
worse revolution than that in which they are now
engaged. It was our sacred regard for our credit
fearful that this issue Of $40 900 900 weud fruit
f1l OF the greatest evil for future Inc
people never dreamed Of such wild scheme when
they elected their legislators. They had been
guarding in every manner against any infringement
upon the credit Of the State and as for himself he
had no doubt of bis duty.
He was willing to do all in his power to aid the
cotton planters, but they were able to pay the
soil Of our beautiful State enabled them to Do
Never was land more generously and bountifully
productive. .E .7L...s 3. 5a
In looking oyerthe bin he could sec NO guard to
restrict or to prevent speenIation Of the widest
character; we had begun ike Mississippi, and he
feared our fate would be ike her'a. We shall see
in few weeks, if this bill pass, that we shall nave
an inflated currency which can but bring disasters
which it will take generations to overcome. he
was not certain but that Louisiana would eventu
ally be involved in Reputation and loss Of char
acter, should such . schems be encouraged.
He has been informed that any cotton planter
could sell cotton enough to pay expenses. He
was a sugar planter, and the sugar planters had
not asked for relief they were willing to struggle
through with prices which hardly paid for raising
of the crop. Is.
Union that il this bill did mot they had plenty
| Of bread and meat for home consumption; not SO
with the sugar parishes of lower Louisiana and
the mechanics and laboring classes OF New Ors
| leans. There we're poor WIDOWS and wives OF
absent soldiers marching daily to the Free market
for their daily allowance. They were living n
| good houses and comfortable homes, but could
not were it not for the charity Of the people OF
+ New Orleans, Obtain o living. He was opposed to
| their taxation. He. glored in the great cotton
interest of the State, but did not believe in foster
| ing it at the expense of other interests. lie vas
| willing to pays per cent interest for money. Ihe
| banks had some sl0,H00,00O surplus capital and
they were willing to loan it to planters. He paid
high compliment to the integrity of the Senator
from st. Martin. He believed lin to be aetuated
f9by the purest Of motives and SO were the other
Senators who favored the bill buthe thought that
| their wishes had exceeded their Judgment and
| prudence.
He would that this measure could be. deferred
for ninety days. He believed that by that time
the planters would prefer to struggle, through
their difficulties, rather than ruin the credit of the
State or jeopardze the glorious future of the com
mercial centre Of our Gonfederaey. He appealed
| to the Senator from Ibervisle again if he could
doubt as to his dnty.if he5 was willing to see the
poor Of the city and ali other interests and the
country taxed for those who were in reality able
to depend upon their own resources, and who hae
no right to special legislation in their behalf, which
involved the future welfare of the State her pres
| ent proud position both at home and abroad.
l The extension, of the lien law now before tht
| Legislature, which he hoped would now become
law, would enable the banks to furnish all reason
able necessities of the planting interest The banks
measure is adopted. he concluded by saying tina
| we were all engaged in the momentous struggl.
| for independence and liberty. No one, however
doubts the result Our energies and resources are
taxed. aud will be to the utmost extent. He ap
pealed to Senators to preserve, if possible, il
every way the proud financial credit of our State
and give for all time to come to beautiful city
situated as she is at the very gates of the impe
trsa1
merce, that golden future which is now opening tt
her and to our glorious Confederacy.