Arcadelphia, Arkansas.
Correspondence Of the Herald
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ARCADELPHlA, Dec. 22d, 1874.


Financial Prospects-dfairs in General.
JAMES G. BENNETT, ESQ >


Our Legislature has been in session some ak
weeks, and enacted several laws, but none of any
great importance, save the repeal of that odious
statute. commonly called and known as the Ap-
praisement Law.


am induced to believe this State will repudiate
the payment of the :" real estate bonds" and pro-
bably the State bonds also; in some counties the
she members or candidates for the Assembly that
run on that question have been elected by a con-
siderable majority.


The Real Estate Bank has refused to allow. the
committee appointed by the General Assembly to
examine into the affairs and situation OF the same;
they defy the authority that gave it existence. AT
the last session of our Legislature the an was
passed placing The he bank il. in dss put
bank refused to obey it. Such proceedings,
government am fully satisfied the. people will
zens of the State will refuse to pay their debts TO
the Bank; and il they are sustained in that, the
Bank never will be able to pay its bonds; and the
people are not, at this time, a.gong to stand tax
TO pay the interest on the Real Estate Bank Bonds,
to say nothing of the principal, &c. So you see
the dilemma we are placed in. ! should be very
sorry TO see this State repudiae; but see no way
to prevent it, unless something can be done, and that
quickly. Will the Congressdo anything for the in
solvent States, &c. 1t would ruin this State at this
time to pay the interest on her debt, with the harce
population that we have now


Owing to the great overfiows in our riverSSn
June and July last, the cotton crop will not be mo
than half as large as last season


Arkansas is settling up with greater rapidly this
been admitted into the Union, ano the immigra-
ton is principally OF respectable and wealthy
class of planters.


This place is situated at the head Of steamboat
tkAn ~t~s H. l.
pend on navigation more than SIX months in the
year, and some seasons not more than three This
is one OF the best openings for merchant Of capt.
tai in the South. west; great many goods can be
sold here, and tor large profit, Gc,
Yours, &c. CADDo.
New York LEaIsLATURR-Jan. lO--The CO.
vernon communicated TO both Houses the follow
ing message


Executive CHAMsIA,
Albany, 10th January, 1910


Not having observed at the time Of the transmission Of
my annual message that statute seems to re-
qure that notice should be given to the Legs ture Of
vacancies exstng in the Offices of Senator Of the IT,
from this state the subject was not adverted to in that
communication The resignation of both the late Sen
ators from this State have since been placed in nv
hands by ae late Governor the received by that Of
communicate the fact that these designations were
then made as notice to you that the offices Of both the
Of the legislature The places are now allied by
Executive appointment, and in conformity with the sta
tute referred TO- Will call Tor your early attention
SlLAS WRIGHT.


The Annual Reports Of the State Treasurer the Re.
gents Of the Unive sy the Trustees ate Library
and the Inspectors Of the Sing State Prison. commu
nicated to both houses


In the SENATE resolutions offered land laid on
the tabe) instructing Senators, and requesting
representatives in Congress oppose the admission
as State into the Union Of any territory not COM
grised within the original boundaries Of the United
therein an indispensable condition Of admission,
Some debate occurred upon the subject Of referring the
Governors Message and several unimporant bls were
introduced, after which the Senate went into Executive
session.


In the House, bills were introduced 10 extend ard
amend the charter Of the Osw and Syracuse Rsrosd
Company, and to prevent betting the result of cleo


ons the bill to authorize the holding Of special term OF
the purpose Of trying the persons arrested during The


sntirent" disurbance) taken up, and, after warm
and heightened debate, ordered to third reading