New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-12-05
Men 0r!eans aaaonsp assarast.

. Nep Orleans aaaonsp aslarast.
/. osHscENr oFricr, No. 70 Camp street,
tuesday Evening, Dec. 4, 1855.
| whether the millennium is approaching ~ ,v,a,hsr
NOT, not within the sphere Of our dut,es 10 d.
bus the note brokers and the money brokers
under the impression that people have stopped maxim
paper, though great activity observable to-day
Camp street. yet SO far regards the buying and seu
Of paper We woud not give dime for all that has bee
made above sxrsnscs even Land Warrants which hay
bsen regarded as something tangible have declined
, ninety cents.
The weather, Which Is paramount ob;eet Of con
sderstion did not in the early part of the dav
aspect than Of those wet drizzng DAYS xb;c
occur at this season of the year and set at
best regulated Intentions and with satisfaction do
record that though cloudy 1t has passed with larp
Of business to its credit This applies to
trade, not to money lenders they have had real ul
day The calls on the Banks readily granted for al
paper having the least prstensons responsibility
fact We learn that the Citizens Bank had nearly s2ooo
above the requirements of the law The other Ranks m
day Of discount which falls Tussdsy the Bank of Nav
Orleans and the Union Bank had something hanasom,
over We notice new feature in some banking
ments which tend to facilitate operations The BOARD
Directors Of the Bank of New Orleans having in view
accommodating procliyes the good Of its
for discount on the evening preceding the
discount day. which enables answers to be given bv
O'CLOCK IN the morning. and as years business in cur
city has to be formed in eight months this rule
with favor and also exhibits that our Bank
not all given to ost-prandial ndulgenees
We have no quotations for money this evening other
than all good paper readily placed at to and per
cent for four, i've six and eight months Some medium
mortgages having one and two years to have been
| placed at 10 per ct.
| The Exchange market to-day gave symptoms of a
advance One Of the Banks advanced its rate for
checks New York to per ct dis Foreign Exebap,e
has also sfened and buyers for investment have paid
~! and good bills with bills ladng have been placed at
Francs under advises from New York have advanced
and we hare consequently from the frmness manifested
to enhance our quotations, which we place at
$sys aasa via Lsdas prem
sixty days Par direc. .asm
si1sy aas on New bahnsTss Bills ss.
ss s az "a On New a9s ssas5 gSd
Tsn days On NewYerk good bills ! cent dis
sinb an NAV YoyI ss dis
Cheeks On New I0rs saDt ssa d dia
The market closing very firm on all quarters. The
only operations in Stocks to-day to our knowledge were
100 shares Union Bank 1o1 gross and 10 shares Bank Of
New Orleans at 3d. Some offers were made of St Charles
Hotel.
The steamship Nautilus from Brazos st. Iago arrived
to-day bringing only s52 in Mexican dollars The
market is inactive, and the highest sales are at
The steamship Grenada, to leave tomorrow morning for
New York takes on freight small amount of silver saw
sS p 4. B. Msr;si cO. 900
sA'pee " a''eia Ps'soas $500
The mail partially failed to-day yet we learn that there
were further sales of Louisiana Stocks in New York ON
the 27th say s1S00o ut sSa The Merchants, Bank Of
New York. which has the honor of being the agent Of
our Ajax has declared dividend of i've Der cent for the
last six months
We learn that the Grocers' Bank Of Boston has some
business relations with New Orleans The Boston Post
of the 10th, says:
On Saturday afternoon, informal meeting of the
Boston banks held consider the expedency Of
derng further assistance to the Grocers Bank Eighteen
or nineteen banks represented A statement Of
condition Of the Grocsrs' Bank was read and its Ioan
wss pronounced to be "a fair average one,, by ban
com missioner and several other gentlemen who have
thoroughly inspected It, After discussion it w3
unanimously agreed by the Of the banks
bnt subsct to the actions various boards
81 drectors to lend to the Grocers' Bank sum eeua
to one cent? Of the capital stock of each bang
security and the express understanding thai
ao more ascountinG is to be done By the Grocers Bank
save In necessary renewals of paper Should all the
banks as they undoubtedly will, unite in this arrange
the Groesrs will receive further loan Of about
s25op00 in addition to the 100000 already furnished
W portion Of the banks. committee of four was ar
pointed az tne Saturday meeting, TO effect and execute
ne proposed measure We learn that Saturday, the
means ara large, and the public is concerned
ire perfectly good With the above named loan the cir
n due course and without the loss of cent 20 sny
,ody we suggest to our exchanges that they notice
ms trus state OF the cause, and thus do something
reVent the people from selling the Grocers' bills at s
rnce Loan or no loan from other banks they are per-
ectiy good, and they are redeemed presentation
notwithstanding the great plethora OF money there Is
10 disposition eynced to make Investments in real estate
notwithstanding well located property be purchased
NJ n,f,eh jaesfb i
1ade for account of SUGGESTIONS very prices There
also disposition dscernble among the mechanical
nd laboring classes to buy for permanency both in.
and unmproved property continues about pre-
'ns prices most every man can become of real
state b. his landlord and have real home There
We do not look the depreciation of real estate
harbnger Of decline in the general prosperity of
y far irom il low prices will induce thousands to be-
'me permanent residents by purchasing q home and
We TO our population stability and constancy which It
oud not otherwise Obtain and though taxes are always
luded in all arguments of this nature nevertheless
naer The contemplated change in the Of assessing
there VIII be more equal division of raising reye
le complaints exists in New Orleans the same state
things is to be found in Baltimore as the following
ori late paper Of that city demonstrates
Ihough there probably more vacant houses In the ca
y ~ Ibis time than for several years past large
mas been made in the rent Of the smaller classes Of
'nses Houses which would command only s13o mar
AZ uis Pellou OF last year. are held $3.50 to u
70. Taking the high rate of living with the increase
ne cost OF rent many persons will be obliged 10 our
\ tner household expenditures live beyond their
ans Ina reason assigned by the of houses for
sep is the Increased rate Of taxation which, with Ri
necessary expenses makes the Of interest even
en- below the legal rate OF large class houses there
que number vacant but for those no increase has
zen place and 1t seems difficult to obtain tenants as
sny persons IN comfortable circumstances have
occupy smaller houses while the high of living
ntnues The burden of this increase in the rent of sta
aer houses falls almost entirely upon the operative CHI
who in the of great prosperity only be
Aioftable The effect will be to drive many from the
TO places where much exertion not required to
an the means Of life for themselves families The Fo
2 OF taxation is greater than before known
as the causes which compelled 1t will disappear with
Of the liabilities of the city it hoped all
next year will present favorable aspect for -,
use Who are entirely dependent upon the labor Of their
aos Ior the means wherewith to live. 81
:, ito
I o. MONTGOMERY AND WETuMPKA.-The new .
at-drausht steamer, Montgomery, jackson, master,
yes ior Montgomery and all ntermediate landings on
Alabama river. at o,cl0ck ria tha MAJ pas;n