New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-03-22
THE COMMERCIAL DEPARTMENT.
gletu Orleans Nlonty N(arAet.

CRESCENT OFFICE, No. 10 Camp street,
Friday Evening, alarch2I, 1856 =
Tho banks aud most of the private banking houses being
closed to-day the transactions in and exchange have been
of very contracted About $4,000 Of Havana bills
New York days sight, sold nj 1ss cent discount
Sales time made the and
at dis There also sales by private bankers Of
sight drafts u dis and 81 days at the rate Of IL and y dis
sterling though there nothing DONE the market has
downward tendency Topographic dispatches from New York.
continue quote the market there dull 1907 and $685.
Tn Stocks nothing done Fifty shares of the Gill
zens Bunk sold yesterday nj SEQ =
The Governor has appointed Messs John L. 3acaney, of
the of Oglcsby Macaucy and William T.. Stare, Sur
veyor Of the Port directors fe Citizens Bank the part Of
the Mr. Sarke director last year Mr.. Macauley
place of Mr. Pemberton odeclcta rcappontmens
Mr. Maculey is engaged in the western produce business and
of most promising young merchants; although he will
not into the board enlarged experience nnanca matters,
yet he will undoubtedly safe uardi of the great and
varied interests of the city, being permanent resident and
identified with the general welfare of Louisiana The Board is
complete for the year. and under its efficient Presi
dent will continue to WELD vast influence in the financial in
tercss Of this emporium.
Our telegraph adyces from Baton Rouge, give under
stand that the State again short Of funds resotion having
passed both branches of the Legislature authorizing the State
Treasurer negotiate loan for hundred thousand dollars.
but little two years since the State borrowed three
quarters of million of dollars meet the demands the
Treasury. Now to be compelled to go into tho market
borrow, meet the ordinary liabilities of the State,
prepared expect though from the reckless and
deficit is half million of dollars, considering
have what is called Democratic administration Of The State
and have had for many years Tax payers may consider
themselves Fortunate if another half million of dollars is
called for before another year unless there is
check to the and proate misuse of the public
may well enquire how the State Treasurer proposes
raise borrow the Sag00 called for, By the issue
bonds otherwise. If by bonds, tell him once, i,
advance, they will not be taken ut less than fifteen 10 twet,
percent discount Bonds heretofore issued, selling in New
York twelve per below par, and series
bonds, this time, will be regarded with great doubt. 1t
making debt to old Capitalists general,
have confidence in the unstable character of Legislative
proceedings changing and altering laws from session to
other throws drst the whole financial character Of thu
State, the way things going with law makers
is sufficient all purse strings to be frightened.
The State may Brighten Of the banks of the city into
but if session Of the Legislature called give
the finishing stroke to the credit Of the State with all dcrec
and juliciols capitalists.
Tic Stock market continues rl and at quotations tlcr
very sellers Our from actual sales fol
|