The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1849-02-26
Correspondence of the Crescent.

Banding q Nsp lerssy E6fs.s Of the present Sys.
ing the past year-Cny Mortality-Healtf Of Brook.
In; its PrOspsrlty-Proieet for Draining the City
Tae Cfarttr, Heetien-;7as Sub 7reasHrv-steamers
Panama and Hartford.
NEW York, February Is, 1S4s.
Eds Crescent-I mentioned the other day the faint pros
pect that of the establishment of banking sys
tenn in New Jerey fixed upon basis similar to that OF this
State but less liberal and hence less likely to work to the
benefit OF the State now it stated that there not
the least probability of the adoption of the principle the
bill the subject referred to committee opposed to it ON
the following grounds.
l. That the practical operation of such Tao in New
York has been to rapid increase OF banks, almost
double their number and therefore be repugnant to
the wishes of the people of State large portion OF
whom opposed to all banks.
g. An increase in the number Of banks Independently.
would augment the evils of paper and its liability
great and sudden fluctuations and that just fas might
be entertained that would end in bridesmaids paper
currency.
This the merest gmaoe that could be concocted in tile
brain of demagogue. The single fact upon which the
therefore" is hung untruly stated, such law
has had, practical operation in this state
Under the existing banking law of New Yo-defechve IN
two three partcuarshe number of banks has rapidly
increased and rapidly dininhes whenever the bankers
doing business under that law proper to make Inherent
disposition of the stock which their business was
based The increase number Of banks is no great
evil for these banks of which the Jerseymsn affect such
horror often nothing than dry goods or variety
stores or an office with table and iron safe in it. and one
to attend Such banks sound and safe as Tar as
bhode concerned for the issues are based on full Sc
cuy the hands of the comptroller of the State Ten thou
sand banks into existence operate and de-
break and body would be injured except the popne
tors speak now the stock banks-those secured BY real
estate not safebut will venture to say that the
whole losses sustained by the breaking Of this last
description of banks. since the Free Banking Law went
into operation does amount to that sustained by two OF
the Jersey bank explosions of long date back that
could name.
New Jersey needs banks something else that would
carry among her people, for have seen more poverty
in her southern counties than have met in any State
of the Union, always excepting Georgia and Alabama If
" large portion of her people opposed to all banks
it because these Soons who the fact have kept
the vainous system of banking that has disgaced
any State in the Union and their experience not that
of New York prompts their opposition.
The Express of yesterday gives statement from the city
Inspectors Office of the number of buildings erected in this
city during the ls48 The whole number stated 119l
of which 1877 the Wards and only 4o4 in the
business of the city These hardly the losses by
fire street openings. ETC., during the year.
The number of deaths in this city last week was 39, OF
which 50 from affections of the lungs In Brooklyn
there 3s deaths, 26 of which of chlden-6
Of lung complaints in the number. Brooklyn is, think
the heahies city in the United States and the prete It's
Improvements advance rapidly the weather will allow
and will goahead with rush the spring opens.
few short months will show the burnt district " to fine ad
vantage and the southern section OF the city will not allow
any thing the East River side to eclipse it. project
advantageous and feasible process Of contamination to
drain the low land, about owanus by fine canal 100 feet
da and of depb .nen to admit good sized yessels with
rnh. ,ra bck stc FIR the busipess of that par of hs
city. Such q canal be built with walls DOCKS etc..
at cost of $4,000 less. and would for itself in
tons aesn n W. e. &c" 'e"' '"s"' - ''' ""u
The Herald has letter, this morning from its correspondents
in Chagres and Panama, by which it that there
actual eeran.s 'ns' .e p,us WIN Dc apo 10
shboupb it !, probable that she Will The steamboat can