The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-03
New Orleans.
Correspondence Of the Herald.l
Nrxv Optv.ya SAINT co 1870
Isrian Movements Trade Cotton-Banks--Ih The
atricals

NEW oklhANs, sept iotS
Itrian Movements Trade Cotton-Bamks--Ih The
atricals
DEAR SIR
Letters reached here yesterday, confirming the
surrender OF Laguna, without resistance TO the Mexi-
cans. An armed force of 1900 citizens had
mustered at Campeachy, and were on their way to
Join the forces under Chapotin, few leagues from
the city.
Com. Moore was hourly expected, and it was ex-
pected would intercept the Mexicans with their
prizes, which had sailed from Vera Cruz.
In a storm on the coast of Cuba, the steamship
Natchez, besides number of vessels, have been
lost In river, four splendid steamers have been
snagged within afew days, and all with full cargoes.
Business will commence early. We are receiv-
ing large quantities of goods from the north and
Europe-specie IS coming In from every point OF
the compass to purchase goods, and the banks are
purchasing up this article to be prepared for the day
of resumption, which is fast approaching. There
is, however, very little confidence placed in any Of
them. The commissioners OF the liquldatng banks,
are buslly engaged In exposing abuses, while the
late president and cashier of the Atchafalaga Bank,
have been sued for the excess OF issues [about
$500 OOOl-and it is limited, that the cashier re-.
Harold who was thrust upon the stockholders, as
commissioner, will lose his place, and deservedly
So. He ought never to have been appointed, as he
and the president w. Breedlove] were cognizant
of all that has taken place in that Bank since 1888
This city since 1884, has above all others in the
union, been cursed with set of financiers and
swindlers, that would be disgrace to Botany Bay
The amount of misery and distress, which they
have entailed upon this community, will take years
TO get rid Off
The people have now lost all confidence in banks,
and if any OF them should resume, it will be impos-
sible for them do any business for the next two
years to come. The merchants Those that are lett
and people, have learned to do without them.
Union, City, Canal, and Commercial stocks, which
last year would have been sold for thirty per cent OF
their par value, could not be sold for half Of that
now, in fact will invest in stocks, while they
conducted so badly.
The sugar crop is very promising, and unless we
has advanced since the tariff, one cent and a half
per pound. Cotton has been dull this week, but
the crop promises large, and Of very good quality
Theatricals will go on swlmmingly this winter.
splendid building will be erected on the ruins OF
the American in Poydras street. CALDWELL. poor
fellow, am afraid will not be able TO build; he
seems to be broken-hearted and deserted. He has
put forth project after project, but all would not do.
pect to do great business New Orleans, after all,
were II not for those cursed lnaDciers, would be
herself again in less than twelve month. II is the
great mart, and ever will be the great metropolis of
the south west. No where in the world, is capital
and enterprise so well rewarded. l..
New ORLEANS, Sept. q, 1912.
SIR
street theatre was destroyed by fire, supposed to
have been the work of an incendary 1t was &C.
cupled as an auction mart
The weather for several days has been very
gloomy, and has retarded very much business trans
actions The cotton market has been very quiet,
1000 bales have been sold, prices are dropping.
Flour is exceedingly dull Sales of one lot on the
levee at 1894, though $50, 20 is the peneral asking
price. A cargo was taken yesterday for Jamaica, |
understand at $3l2h.
Vessels are arriving daily in distress, from dam
age sustained IN late storm in the gulf Fears
are entertained for the safety of the " Merchant
steamer, due four days ago. from Galveston.
The bond Tor 5000 of the Cashier OF the Atcha-
falaya Bank, on which the sureties are Thomas ant
William Morgan, sugar planters at the English
Town, has been put in suit, and the papers prepare
recors. have been handed in to the District Court
| The yellow fever is now pretty severe on stran
gers who have arrived here within ten or ffteer
daysp past. On examining the records at the Chair
ty Hospital yesterday, find the admissions have
been chiefly OF such this week. LOUISIANA.