New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-22
Ns@ OrIeans 9aiIg 6restert.
THE COMMERCIAL DEPARTMENT..
Yem 0rlsans Nluutu Nlarktt.
caxsG q =, o,rlcs, No; 70 Camp street. 4, 4,

receipt OF Eve hundred and fwo thousand dollars In gold
from Havana two hundred sixty Of which
Into the vaults Of the czens Bank and eighty thousand
dollars into the Louisiana State Bank report the
Is that large amount Of gold will received by Phade
phia from New York and Havans port Of
Havana twelve fifteen Spanish awsng hear the
removal of quarantine depart forthwith hher These
vessels coming to load with -four for Spain
chiefly cotton They will each bring $4,000
COIN and we may reasonably calculate nearly half million
dollars within tile next twenty days. exclusive Of what the
bring The Euopa advces Indicate that specie
will be coming from Europe 1t idle for parties assert that
the Bank nf England will enhance The Of interest 6
cent to prevent coin from leaving England This
consider vertable The laws obeyed
coin ia required to keep Manchester spnnes and operatives
starvation, 1t must either by direct shipments Of
coin equivalent We consider that the crisis Is about
ended In New York Though have nothing Of
able character in this evening"
feel much rejoced that nothing depress
ing spirit There exchange to-day
New Yok-sight drafts at l9 to per cent discount
The Louisiana State Bank sold checks discount
We did not learn Of sales Of time bills movements
in sterling We must wait few days for in these
branches The proposals Of the Bank Of Louisiana to receive
approved sterling exchange condonally did amount to
much said the word appoved" broadly construed
Although of factors be hard pressed trust
they will stand the passing storm believe 1t nearly
something like epidemc-runs its course speedily
The Union Bank Of Louisiana commenced redeemng its five
dollar to-day 10 CON- This another advance towards
return to confidence
But when talk Of return Of confidence the public must
consider We have fondy hoped that after the
week. and that there indubitabe evidence
Banks and able to redeem their circulation,
pay teir deposits would be Of returning
Not only those who hold the notes Of the Cana
other Banks but particularly the notes Of the Citizens
Bank under the impression that they must be
of the Banks for immediate payment
giving credence to the report that the Bank or
failing circumstances It is surprising that mer
be of intelligence should
whenever they receive Citizens Bank note send mme
daey Bank for COIN when the notes be used and
before the late panic The public ought to
know this confidence and
pect hear of the hard times and scarcity Of money SO
long as this system pursued We will further illustrate
There the Southern Bank which has amosts
dollar of it's deposits and circulation represented in co yet
all the strong appliances Of CON- and bonds people,
when they receive of its forthwith send to the
the COIN We shall hear of scarcity OF money and pres
from till doomsday IL this pesevered in
We observed instance to-day merchant received two $o
the Citizens Bank Of deposing them at the
hour where he kept his account he sends them right Oh
of the Bank for con Is this the way to bring
| confidence back9 We think
All Bank Of the five Banks-Czens Louisiana Canal,
State received by each other the be-
The Cizens Bank redeems all its notes in Specie and
when they refused the other Banks should think
then ample time for holders be running the
and demanding COIN We shall never have return OF con
this practice pursued. will take year
of the Citizens Bank be presented Persons
will the folly OF running the Bank with note
TI
"a b m more 50 than any otbe Rank in the CITY, 1, has
srrnns of s7,o OO It's ,or. 6ue consists of over four mil
,; b,f e do,lars occordny IN ts last fenrn of which
- I;o, ond bundred dol,ar are dine within the
ax DAYS peone comnain o the scarcity OF money
an, vat ~ rro ,be r,o airec+ NAV of making IT scarcer
T hev rece;ve thew start for ths
the Bank for coin We have no room for further
marks at this moment.
c.ner, snpension of paYments has been the chief topic
for remark the past two or three DAYS. 1t
eorbnp oues,ion in commercial and financial circles We
w tn.d. IN III. many sugpesions tn alleviate the presen
nor do Wa exactv understand the true meaning
nor do e learn what meant to be con
a w. ~ r.r r. !, corers the preat ouesten that on
pt = III lur,.ri,x sus,end coin navmen,s then we mus
49, "a h,,s a o-aots, psut of con6dence in the faith an
ds If orr eeneral com uunitv than we are prepared
| this moment to admit
In the midst of all feeling the height Of the excite
. iii, nm obrnda,ce of arppment there are no expres
meh'' WIN MI " " e' :, ~ ,, wv
suggestions no Defined course recommended 10 pe
| told that relief TO-
-, a,.;s; u bs, Is;tan exnansiop of two or thre
low But what Is II 10 pe' 10 II M .A p "a 49,. 49,.
millions of Bank issues or an immediate ana voluntary ol
mage IF the Banks them to issue. Will
e ~, - , ;,ro,,,aa ,,orcbart free of debit ;pfor1
| nnahcief' VIII i's "e''i''ti'1u ~
what ought to be pursued We should ike 10 know "hf
the Banks can do more than they doing for thre
NV - ~, =: ,; . an nonor ,bsr reouired
weeks past-'hHt 49, reue"i al p"po' "ne" ied".i.
We desire that the advocates OF suspension should pc nj OIL
how the community relieved by the Banks. susper
tytnn tCh