New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-14

The above 10 Banks observed paid up capitals
amounting and the only represented by
S49 specie. Is wonder that Banks established
such Hnsy basis should suspend fail burst mp!
Since foregoing written we have received eegraphc
which will the appropriate head announcing
that 6 other New York Banks have suspended. 81
money market to-day quiet Matters to be set
thing something definite. Some cotton factors have de-
tenned submit to the prices of cotton and will
yield to the panic than sacrce 1t IL mani
fest that appear before their patrons and expect
for Mddin will be deemed its real value The
sacrifice not appear 10 relieve the pressure
There nothing by the Banks to-day and almost
parties Offering The the majority of
Banks do Ii TO which they have been doing all
the present week.
Some little doing in Exchange Sterling 1896 Francs
at 6Oo@65. Sight New York at l1agl% and per
premium. Nothing doing in sixty days and the market
closing quiet. 80,
1t is hardly necessary Of and stocks There
of State bonds low figures but under
the present condition of affairs might well omit quota
| tons. -..-.. \
celebrated New York writer on political economy well
as the current day. dscoues follows the
gold question: 1t will be by his statement the amount Of
specie the country 1910 co., 1t must not however, be
that immense of this amount has actually
into plate Watches jewely etc. SO that
very difficult arrive at the actual amount OF coin in cs
citation There sufficient for all practical purposes people
would not hoard 1t. I-.s.- --5FI.- M.
Among portion of the press which persists in ascrbng
panic through which passing excessive deps
precious metals there has been debate in ra
ton TO the facts and may be unnteresng TO
examine far the official figures will permit Since
the of the United States specie has been derived
only, viz production and importation in ex-
change American productions The mines of the Atlantic
States 1924 less productive but the
lodged the Mint from then to 89 in which year
the important amounts received from California
$l sSs The of specie estimated to be
in the country 1890 by Gaan Crawford and other autho
ties 100000. OF this the Banks held $l9s2O $40
i From that up lsA9, the progression was thus:
Epact hand
Produce mines 1919. l526s, s4s
Imports, iS2j 1899. va Z5g.U6
!, EXPORTS 1890 1919. lSu596,664
Excess import 6G042,S $50
s In the country, lS49 Sllo,9lt IA
OF this amount SIC in the banks and S. 95
the Government Treasury, making So M 95 In the MIN
years. 1919 to 1857. the progress has been as follows
4 Export Of foreign CON- 1919 464lss
st import. 1864
The trade in foreign in favor of the Unite
= States The coinage has been as follows:
United States coinage 1ss to s426 sI9 4?
Excess coinage S.1a sis lis
~ On hand, 1851 d
metals coined embrace quantities recoined, and do n
express the quantities Of metal the
has been of 81 1886 Of foreign metals mpore
and of domestic metals has been Sl4IS
which, the the in l89 makes supp
of S25s, IS3,552 Thus
of Specie in the country - .ao 1902
Il il H Fsss ss 81 81
But this is not ALL By careful examination of the emgral
Who arrive Mt Castle Garden New York
nulp 1uy ia