The Semi-weekly Shreveport news. [volume] (Shreveport [La.]) 1862-1864, 1864-02-09

Both Houses of the General As
semhly have adopted resolution to
al journ on Wednesday. the 10th
inst. Quite n number of bills. many
of them very important. remain to be
acted on, and it rests to he seen
whether in the time which they have
limited themselves to, they can get
through with the legislation which
the interests of the State demand.
BY far the most important uhject
that has come up during the present
session. is that of the currency
The country had become flooded
with Confederate and State issue, to
an extent that materially deprecated
the value of such currency. Th"
public voice called for Legislative &C
ton to check, rs far a. the State
could, the downward tendency of
these representatives OF vaiue. l,
was clear to every rejecting mind
that this result could only be effected
hy diminishing the volum" of such
issu. in circulate on. Some proposed
this by means of taxation, while 9th
.rs advocated the funding, t"rcihlr,
If necessary, of the State Treasury
notes. The first coutcndcd that the
collection of ,he taxes due for the
past three years would absorb suf
ticirncv of the currency 10 render the
remainder more valuable. II was
urged in opposition that this would
be n hardship on large class of
propcrtv-owucrs, who have been pre-
vented by the chances of war from
realizing any income. Yielding TO
these views the House Of Represcn-
ta,ives has passed "A bill susperding
toncc more the collection of taxes.
together with bill authorizing tn.
Governor 10 issue ten millions OF
! State bonds, n: six per cent. interest
To be sold tor the benefit of the State,
or exchanged tor N"hltu'rtic or
State treasury notes. This, II 1t
. passes III. Senate. as is probable,
will leave it optional with partir :
afflicted with plethora OF Cuutcdcr,
l a:e or State notes. to invest them IL
State stock, the security of which Is
! und"niable, .o mat,cr what be III,
, contingencies OF var. II must hav,
the effect intended, of giving addi
tioual vai 10 the Confederate anc
i STATE is. and will, To Tat extent
reliev. the quaking minds OF such
IT. were inclined 10 stand aloot FROM
/ that currency 1t MARKS settle,
. determination on the part o. he STATE
. 10 redeem It's issue OF treasury notes
and scattrr~ to the winds forever
, the whispered spectre of rcPn,:iaiioii
( Business mon may now store ava.
their State notes, without bciu.
.c ue.r haunted with the fear tina
tl4e.r trcasur" would prove Ike Iii''
OF Cinderella.
% ~ supplement to the bill author
e iZins the sale of bonds, the H. us
has also passed a bill depending Ia
farther issue of Treasury notes, an
, providing that in proportion as TN
j. Governor realizes from the sal" {
bonds 5, lac shall cause 10 be colcctc
>. such ire asury notes as remain in til
= State Treasury. except those of d.
- nominations less than five dollar
~ which, furthc convenience of chang,
rs are allowed to be rc-issucd. Tn
= bill will, beyond doubt, receive I'll
i'll sanction of the Senate, and becoL
ig a law, and cannot fail to act ben
al ticially, i'll preventing tho furth'
increase of the already superabu'
dan, supply of currency in the Stat
There yet remains important lei
islation for the present session.
=, Many bills, both of u general and /
: cal.na,urc, cali for action on the pa
=. of the General Assembly. Let Mer
~ bers make the mos, Of the f% da..
. that remain to them. and by diligen
.' aud attention. and a due regard
~ Justice and the wants of the countr
- cntitlc themselves to the gratitude
w their State.
rs
yet An act authorizing the Govern