New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-07-09
B1TsIa BANTks-t as,pToN, ENC.

The general results Of. the mighty trade winch mas
been transacted in this city since the hrst Day o.
September last is III the highest degree Satisfactory.
IT Il most noticeable in the stable and sound condl-
tion Of our banking institutions insurance oces ana
the general standing Of our merchants and tradeIs'
h Taking cursory view of the commercial and
financial aspect Of this emporium we cannot arrive
AZ other conclusion than thatthe general body OF
I'M merchants have in all that constitutes prompts
ness fthuness and integrity, carried out the DIVINE
Injunction and are entitled to be addressed, well
done good and faithful servants Ot course, eN-
cetons may now and then appear but they are OF so
triling a nature they will not tarnish the general
character Of the merchants of New Orleans,
If we were called on to refer to any particular
branch Of trade-comnleree or finance-to sustain
our views we cam with proud feelings, point to the
banking institutions of our city. They are now clos
ing up the seasons operations, and in one of them
do we find but that they have earned for the last six
months less than six and half to eight per cent But
this is not the most prominent feature of their opera
tons What they have done for stockholders is not
to be considered alone important. What they have
done for the general public good is of equal import
ance. In our opinion, it is folly to assert that the
immense commerce of this city can be conducted
without the aid and cooperation of banks. Hard
money supporters refer us to the city of Havana,
where an immense business is conducted without the
aid of banks. Yes, and we can well retaliate and
point to the current rate of exchange prevailing there
at the date of our last ACCOUNTS, say eight to eight
and half per cent. discount on New Orleans, and
ten to eleven per cent discount Northern Atlantic
cities. Others again will point to Mexico, where
business is transacted without the aid of banks
TIME Int how With the urOnlntness safety oni
cheapness with which is in this country? Assed!y
not. The case must, indeed, be weak one if NJ
better authority than those quoted can be found tx
sustain an opposition to the sound banking system 0
Louisiana We have not, however, the space no
time at command to go into lengthy dissertation Oh
banks, but we have this say that in all the varou
attributes constituting soundness, usefulness to tn
public and profit to their stockholders the banks
New Orleans stand without parallel
The general trade of the city is good for the season
The weather, though sultry in the middle of the day
is not of that oppressive character Of which we rea
in our exchanges from Northern cities
The commercial community having thoroughly d:
cussed and canvassed the probabilities of war wit
i England, appears to have settled quietly down to tn
conviction that it is long way off yet. AS in th
discussion of this subject, reference has been IF,
1 quently made to the important bearing the cotto
crop had the matter, We append tables showing tt
4 number poundso cotton imported into England eac
year since 1910, and what portion of was from th
u country. This cotton question, " it seems to US,
of more Importance than the " enlistment question,
or the dismissal of dozen ministers or consuls.
} is a home argument that commercial England wi
clearly comprehend: