The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-03-18
New Orleans.
Correspondence of the Heraid.l
NEW ORIrANs March 7th.

tCorrsspondence of the Herald.l
New ORLEANS, March 7th, lS43
Monty Articies OF he Hsrah-Neiu Orleans Banks
The Canal Bank going into hquidation-Ihe
Legisatwe- The Neic Governor Point d Pc
ire Earthquake. asiness, Markets. aieties and
Ladies'
JAMES GORDON BENNETT, ESQ -
My DEAR SIR
In my last | stated that would address you
again soon, and Inow attempt to fulfil that promise.
But before l proceed any further, wish to say, a
few words in regard TO those money articles OF
yours. You cannot imagine with what ,eagerness
they are sought after here, the arrival OF each
mail it is, Have you seen the Herald! Well
how is stocks3 Who has failed in Wall street
Are there any flire-nps7 What does he say about
the future :" and dozen other questions
Things wag along here rather quietly this winter,
not much excitement among the banks, which are
nothing more than big chests with presidents, d.
recors &c to open and shut the lids to receive de-
postes and pay checks; they are IN TACT, not the
least bit of use to the communlty-they do not dis.
count any, and private bankers drive them out OF
the exchange business; II Is my opinion, mat they
paw their clerks out of the depositors money. Yes.
terday the Canal Bank come TO wise conclusion,
and will liqudate Immediately. lpredct that by the
first of next September, four banks Will be all that
is left of the sixteen flourlshing institutions
Our Legislature is, and has been IN session tor
a long time So far they have done nothing, and
do not believe they will do much more than to try
and raise money enough to pay themse Ives: Our
new governor, A. Mouton, Is very popular IN the
city, and is visited by both parties.
You will no doubt, have heard ere this reaches
you OF the destruction of the city of Point Petre,
on the 9Th Feb, by an earthquake, killing 1t is sup
posed, some 5000 of its inhabitants.
Business in general is only $3.50, and the cotton
market has been very quiet since the receipt of the
news per Acadia decline of full one half cen,
per pound, has been established since then: still
buyers come forward very slow. Return bills oil
exchange expected by the next steamer, also the
bonds of this State protested in London. Sugar is
in very fair request for the north and west, and il
ranges from u a ~ cents for extremes. Molasses
IL l2l cents the levee, aud 81 cents on plan
tations Flour, "a, l2l Wheat, So So cents
| Corn, 81 % cents; Oats, IS cents; Lard, At
| cents, and rather dull Exchange on England, l.
| discount France, 5, 65 10; New York, 60 days
| 81 per cent discount; Boston do, 8 per cent; dc
sight, 3a34per cent discount Specie will begin tt
| flow in here freely again soon.
Oar city has been extremely gay this winter
there has been end to the balls and parties, ant
| all have been well attended, and gone off with
| great ecat The ladies', bless my soul, like tC
have forgotten them altogether, after promising
that dear fair in Circus st. that would ment on
them in my next communication to you; but as
am at the bottom of the page now, shall be com
PEELED to reserve that subject for my next 1t is
enough to say, that the Creole ladies' OF Louisiana,
are as near Els any under the My respects
to James Gordon Bennett, Jr. Yours, LIE b.