.s355,492 6s

S355.1g2 63
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 The deb, due by the State for its own account is about $l ,600 000 h the whole of which will not be due tin 1872

 The sales of property belonging to the State du- ring the last year, including the Nashville Rail Road. lhe Mexican Gulf Rail Road, lots of ground in New Orleans. and public lands, with judgment against the Carrollton Rail Road Company, have brought into the Treasury cash and securities the sum of Ss250 ,00a, thei eabouts.

 The liabilities of the State for corporations of banks and munsci palites, amount Tn principal and unpaid interest, to $l5350 ,00O. It is presumed. that all nearly all of this debt will be paid by the corporations themselves by the sale of assets belonging 10 them.

 Three years ago the fnancal difficulties of the State appeared to be over helming and they would have turned to be had the whg bank ing poll cy ccntinued unchecked in it's ruinous career. By this time every property bank with the exception perhaps of the Louisiana, would have been hopeessIy insolveHt, and ibe muuic pa iies would inevitably have been drawn into the general wreck-fnally, !, Louisiana would now be more embarrassed with pe- cu"iary difficulties than even good old whiggish Ma ryland, which IS in a worse condition than of ihe states that are called rtpndiottng. Louisiana would have smaller resources those difficulties, without having received any public advantage from the expenditure of so much money, or received va luc in the construction of great improvene which will endure for ages and least be beneficial pos- terity Maryland can point 10 her canals and rail roads--works which worthy of the ancient Ro- mans; she can point 10 these works and suy, If we have spent millions Of dollars they have mol been uselessy spent here is the mode in which they have been spent: these works attest that funds have not been thrown away upon idle specuiations.

 But suppose Louisiuna had been called upon to make good the millions for which she became responsible account of the banks and other cor p"'ations, mbat could she show q compensation for so Vast d debt IN o. Courier.