Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1866-01-06

From the n. o. Cor. of the Gal. News
nndcr date Of Dec. llth
"Thc Legislature has not yet acted on the
labor question. Gen. Baird, Commissioner
Of the Frcedmcn's Bureau, had prepared q
system which lie had embodied in au order
and was on the point of promulgating.
am assured, by experienced and intelligent
agriculturists, that the effect of that order
would have been to compel an abandonment
of any attempt ut cultivation next year.
a number of gentlemen waited on General
Baird and succeeded in convincing him Of
tho injurious consequences which would be
sure to flow from his contemplated action
He was exceedingly amenable to reason,
and declared himself DESTROYS to do all in
his power to promote the great industrial
interests Of the State.
The result was that he withheld his order
nnd is row engaged, in conjunction with a
Legislative committee, in forming q plan
witch eau be accepted both by the Bureau
and the Legislature. In the meantime
there is no telling what course events are
going TO take. The negroes are very gene
rally refusing to mako contracts for the
coming year. They are still under the i'm
preston that there is to be general divis-
ion among them at Christmas time of the
lands and other property of the whites
All the efforts of Gems. Fullerton and Baird
and even of General Candy, seem inetfec-
tual to drive this idea out of their heads
The truth is that it is sedulously promoted
and cherised by designing men in this city.
There is not the slightest doubt that there
is party at the North, having its active
emissarics in the South which wishes to
provoke an instruction of the negroes
against the whites. And there is another
party which wants, by stringency and Sc
verify, by contumely and insult, by confs-
cation and executions, and by elevating the
negroes to the position of the governing
class, to drive the Southern people to some
act of resistance to the Federal Govern
mcnt. This party has already shown its
hand in Congress by excluding the South
crn Representatives. Its principal cham
pions are Sumner in the Senate and Thad-
deus Stevens in the House.
The report of the Secretary of the Treas
ury is very important document; it takes
strong ground in favor of reducing the
currency by funding. Mr.. McCulloch az
gucs ut length the evils of the paper money
system and its invariable concomitants of
over trading, speculation nd diminution OF
industry followed by collapse and general
bankruptcy. A remarkable fact alluded
to by him is that rents and the prices of
the neccssaries of life have been advancing
since the conclusion of the war, and are
now higher with gold at 149 than they
were when gold was 1856. The total debt on
July LIST, '66 is estimated at $S,000 100000
Mr.. McCulloch thinks that the whole sum
can be paid off within thirty years, by a
tax beginning at s per cent and diminish
ing to less than one per cent, in the last
year of the series. He recommends that
$500, 100000 per annum be appropriated to
pay the interest-sGy $4,000, 900 or$165,.
100000 according to the manner in which
the notes are funded the remainder to &c
towards paying the principal.
Gen. Scott is now here, ut the St Charles
Hotel. He looks very old and infirm.
Gen. Longstreet is also here; he looks
young, well and hearty.