The New York herald., 1866-08-05

will thus be sen thas 552 512 more bales OF cotton
were exported firm New Orleans during the eleven
months ending August l. 1885, than were shipped during
the corresponding period in the previous year.
A correspondent sends US the following communica-
tion In relation to he Missouri State debit
TO Tyx EDITOR OF rHE HERALD.
The voice Of me HRR,Lp has been heard in favor or
sncedy and equitable adjustment OF all claims tho
general government by the states growing out Of the
late war arb IL you will IL ok at another side OF that
picture yoa will find horn upon which hangs the bread
long deferred, OF many and upon which, too hangs the
future name and fame of a large and powerful State.
The States In rebellion did not paw interest during the
Under the circumstances no one complained; they
had to do that could not be deferred The rebellion
over most Of the States with cOmmendabe promptness
set about adjusting the past due interest and oil the
States heard FROM with notable exception offered
terms fair and liberal This exception is tho very
iova aae Of Missouri and the perhaps that she
Offers less than tho paged pundercd and Impoverished
rebel States son the theory OF that famous corn law
sliding tariff Of Sir Robert Peoltha the more she is
able to dp the less she is willing to do
The bnk o. the Missouri debt is railroad debt upon
which the State he looked upon an endorser. To
the State this endorsement she holds liens
the roads Under these circumstances all she had TO do
was 10 say To given road Protect your interest coupons
yonr road 20 the owners Of your bonds" The
Hannibal and St Joseph road allowed their coupons to
unpaid for or two bnt long before the war
thu, comrany's covpons were as promptly paid
the couron United States tond
The last Legislature Of Missouri passed Law releasing
as Tar as the bonaholdr was concerned the roads OF
and endorser TO Of the debt On this debt mag
nanmous Missouri pronoses to pay, until january l.
1s6S-nottng After that period she proposes paying
three cont annum and then the rate Of interest is
increased per cent four years. until In tho next
generation or theeabous she would b. paving nine per
cent The question naturally presents itself
the present Missouri ans arr unwilling to pay the OBJ
legation now due Of six cent viii the Mssouans Of the
next generation he willing to nine per cent? Will not
in fact tho next generation complete fully the quasi re
pudaiion OF the present?
A pan,phle, issued bv Missouri saws that II was made
the duty Of the committee who shared this sliding scale
10 confer with the creditors OF the state 10 what
raneement would be equitable and acceptable How did
thev perform that part OF their duyY Did they call
meeting to hear the views Of those Interested and to be
told tat States well individuals found their best
policy honcsty-if thev could not be honest from
higher motive Certainly no one in Neg York ever heard
or this proposed sliding scale and there persons In
Missouri largely interested TO whom, until the measure
was passed. II was n sealed book.
meeting Of the hondho!ders called in this city
few months ago and Mr.. Fox, chairman OF the commit
special pleading Of the pamphlet the subject Mr..
Fox obearishn on the bonds q Jew short OF
Legislature urged to do ''sun,hing,' and at the
time the measure was proposed the dett O. tho general
governmcn'-some seven millions Of dollars-was moi
allowed, and they diA not know rs II would be. Mr.
Fox admitted that the State entirely different
footing now the debt is allowed and ont Of which tn,
State only owes account Of the about and
half millions. Mr. Fox being asked what they proposed
doing with the balance of tho money shrugged hrs
ana % sad %somenng about these large amounts a
affairs Mr. Fox authorized by Governor Fletcher 10
that the new bonds were not ordered and that
throas and yet In few weeks later the Comptroller of
the State issues circular stating that the bonds would
be ready about August l. Il think that is the date
received one, hut found the passage to the waste
paper basket short onc)
The Comptroller to make the pill palatable; but.
like overzeaous witness he proves too much After
huge Of figures and facts positive and compare
tive, he concludes that missouri will be on January 1,
1865 in her material wealth. population, &C. precisely
where she would be II no rebellion had occurred !"
Granted Then why not Missouri do in that day ''prc.
cisey what she would 'f rebellion had occurred ~
That is the question, Mr. Comptroller.