New Orleans daily crescent., 1854-12-25


compared to what have been ruling during the past four
months had to be allowed yet happy to
that the heavy payments maturing WERE with only few
trihing exceptions, principally Cancelled.
Believing in the morning the amount maturing to-day
was large, we took pains and ascertaned the fol
lowing: A5s@
Paid into the Bank Of Louisiana, .sa25 900
pasae IN sa Bans and Bra Branch
Payable Citizens $4,000
q Southern Bank. :. /. - Tsooo
" 8non Bank sl,go
'' Mechancs ana Trader Bank - . soSSo 100
$4,000
We estimate sufficient paid into Messrs. Robb Co..
Brown Johnston Co., Benoist s. Co., II. B. Merre s.
and others to increase the to $500 ooo which
pretty good days work for the 23d of December
There but little done in the purchasing Of Ex-
change by the Banks to-day. They were drawing on
NewYork at sight at VI per cent. premium, but not
Willinslysellng readily all they desired this rate
Private bankers also sold freely same aud several
large sums at sixty days at per cent discount Ster
ling improved and the market with the exception Of
grades of time bills Northern cities presented
cided firm appearance We quote this evening
1y $sy On sssR ssf' Ill.
NswYoK csat dlasoaat
chsaas SswYoL Banks and Daais psr premam
Checks and Sight Drafts ether cent premium
Some sixty day Havana bills on NewYork placed
yesterday at "a to ga per cent. discount.
Monday being universal holiday, there will be nothing
doing The favorable change in the weather. it now rain
ing and very mild, will in ali probability, affect upper
rivers in fact has impaired the cheering aspect
sto-day-equivalent to 20 per cent improvement in
general feeling
slight in the types in quotation
State Bonds in this mornings issue 1t should read 90
instead Of so.
The want Of similarity and the great inequality in
many acts of incorporation granted for various purposes
and at different periods of time by Legislature have
legislation been manifest than in the various acts
and charters granted for banking purposes internal
improvements. Although all banking privileges are by
the present Constitution, governed by uniform law
yet this does not the injustice and inequality
I der which some of the old charters are placed
The extraordinary variation and contrast in the char
ters Of the Bank OF louisiana the Louisiana State Bank,
and Canal and Banking Company, are indeed well
ped in the exacons and requirements Of the respective
acts s
The Louisiana State Bank brought into existence in
the year 1915 with eninently liberal to extend
the year 1870 One Of its privileges authorizing
charge interest at the rate Of 9per cent per
all paper having four months run and to estab-
sh Branches in different parts of the State Time has
however proven that this privilege and is not
any great value For the privileges granted for the
Of ftytwo years. it required to pay only bonus Of
100000 the following easy remarkable terms viz
$4,000 at the date Of its organization $4,000 nine
annual instruments. These certainly very liberal
conditions The stockh oders also Zone in number
and amount concurring have the privilege of increasing
the capital to S4. 000 900.
The Bank of Louisiana chartered in 1924 without
being required to pay any bonus The its
runt the capital to be 000S2 600 600 to be
subscribed the part of the State $2o0o0o0 by
public. The individual subscriptions be paid by
instaments at short date, The State subscription
paid in Bonds of the State bearing interest 16
II nh 0rs for at x1n Thot
the State gave S. of its Bonds for $4,000
Stock. The Bonds payable 100000 in ten years $780,
900 in fifteen years 100000 In twenty years and SG00ot
in twenty five years OF ali the Bonds have
paid, Although the Bonds limited at s8H, ye
some of them sold at higher prices.
We will compare the liberal and extensive privileges
granted to this Bank and the State Bank with thos,
granted the Canal Bank Canal and Banking Company
But notwithstanding the very great privileges In tbs
charter of the Bank Of Louisiana 1t with the MOS
extraordinary exertons and appeals the public thai
sufficient stock subscribed carry it into organiza
ton. twill be remembered with what zeal and energy
Mr. John Oldham, the old house of YIN Keuner s. Co
John Linton Samuel Livermore, and the late Mr. story
aided by the talents of venerable citizen
eph Saul devoted to the soliciting of this nsti
tuition which stands high in the financial and com
/ mercial world
Having placed in contrast the advantages in the act
incorporating the State Bank aud Bank Of Louisiana
over tne Oanai DanR, lew words Will cUnync
the most incredulous, of the great injustice tn
stockholders Of the latter Incorporation and the mos
extraordinary exactons and extortions too mill
0 to apply to the requirements of its charter.
By the terms of its charter it required to com
the making of the Canal year after the
election of Directors and to complete the same within
three years thereafter pain of foretng all the right
and privileges twas to get the land buy, bargain
pay for it, and if the completion not effected With
six years it to forfeit every thing The Canal an
/ Basin were to be dug works constructed-money or n
moneycapita paid up, or not paid mp, In fact, tn
Company required in implication spend its whol
capital, four millions of dollars, forfeit its charter
sustain and be continually harassed by lawsuits
owner of every tenpenny swamp lot Though propert
Increased fyeold) for imaginary wrongs and ill
addition to these arbtray mandates of the charter
Bank expected to dfuse and furnish an equal shar
of the circulating medium OF the State and grant h
usual accommodations and facilities to the business
trading community incur the dspleasure and anath
1t mas of every disappointed applicant
1t is contened that the payment of $I30D00o by I'll
II Canal Bank bonus in its Canal and Basin when I'll
State Bank only paid 100000 the Of Louisal
Ill free charter the amended charter and extended priv
eges of the Citizens Bank is comforting granting
these institutions privileges and immunities directly
variance with justice, equity and impartiality, whe
placing the four Banks in uxtaposition The position
have assumed fully sustanedhat the State is bcur
Boou 10
reservation whatever all its claims in favor of the
of the Canal Company; confer and coneede to the
the same privileges which the Orleans Navigation Con
y pany and the two great Railroads now hold
The Mayors remarks in his communication of the IL
Gu inst to the City Council may allude to at futu
day. In the time beg to inform his Honor tn
the chartered privileges of the Canal Company do not
M pire until the year 1866 and that will be
W time wait for funds for the improvement of the
i1 ary condition of city We glad to perceive th
the REIMBURSEMENT of the claim of the State attrac
notice though it is proposed to change the relnqus
eo ment from those to whom it of right beongshe prop
Of the Company The Canal in the hands of the CT
would be dsadyantageous and injurious to the pub
" would if the ownership should be in the State II
only true destiny of the Canal is for it to be entirely
ne the present Company to whom it of right belongs
ad -
mo- Archibald Henderson, lunatic, was foul
Of aourishing large sword in the streets of New York
c days ago On being taken into custody he declared Il
he had been commissioned to say twenty thousand m
on that day. and he intended to do it. I"=
nal On Friday night last Mr.. James s. Brow
18th as at the Mobile theater with spendid sill