New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-30
Neh Orleans 1ailp Grestent.
THE COMMERCIAL DEPARTMENT..
gsh 0rltans Hlontu Mlarkst.
CREscEsT Oyrrcx, No. 10 Camp street,
Cuesdax Ezaninn gksni "a IaSf

oH1'crs Tu. oss,es , No = Comp It
The position of the money market todsy was not attended
with any more strngency than before noticed Though
some dealers in paper refused buy not from want Of
means Or essenng Of confidence But Of apparent
pressure there are many capitalists who naturally md
become alarmed and fancy that their safety their
bank accounts Bank however do not
In the way OF interests and what use Of keeping money
Just to look att John McDonogh kept money Just to look at
and then the lawyers had the privilege of lingering
laughing old cumudgeon Then there was Joseph Fow
Ter, another Of New Orleans isers. he left san,
$4OoOO which his heirs received put into Banking
concern in Washington City about two weeks the house
failed being styled sweeny Richardson Co.. comprising sew
en- eight partners So good likely to ae
from old capitalists holding on to their urnus We ,uy
gest that they loan out Make hay Shines Tbs
tide will turn after while, and you will caught with large
balances on hand, and no employment for them -
The general tciegraphc dispatches TODAY were OF much
more encouraging nature The Banks city of New York
will in all probability extend relief to the merchants
the Banks will Of take care of themseyes first
Though If to sustain coin payments they force half Of the
merchants into bankruptcy they do IT, The solvent
sound Banks Of the country ought sustained let
the half and half the nsovent close and uudxte
There are twice as many Banks in every Northern
NJ are required for the business Of the country Country
Banks or those located in isolated villages are always have
BEEN snd will be forever country The
they go into liquidation the better This country banking
one OF the banes of the times and forms part
OF the times Fortunately in the southwes-.hat
lexaB-there
Banks located outside Of the center
leans and they are OF very diminutive capital business
We have little regarding exchange to-day There
sight funds offering New York are there any
chsses of time bills Some Of the Banks may day two
the drawing Of checks in amounts soon
intelligence received by mail from New York, there will
undoubtedly general resumption In exchange operations
though will be time before any large transactions will
take place in time bills. There confidence the
future decline in cotton will bring abundance
hither for investment As s wait patiently
change in general financial circles which round
Is for folks to become alarmed continue
to rise and set and the failure Of the Philadelphia Baltimore
and other Banks not going to change the natural laws
trade. If the country buys than It pay
expect to be pressed and cramped
Sales of sterling dealers of Al were made to-ds,
at premium and 2@21z There sales fol-
remittance at 4@5 cent We did not hear of any sales
francs There disposition the part of dealers
but at the very lowest prices There be gold
the hither before days We far from believing
that anything coming Our Banks generally dont
all they for the community and all good humor
At this time the of the the city of New
York attracting attention. We give the position
the aggregate since the LIST of August which will lie seer
that the decrease in deposits has been Sill which,
presumed is owing to the withdrawal Of deposits by
try Banks The discounts have decreased 9Th
August $35000O0 The specie has little owe
$500 O0 but is hie her than it has been any time within
the past twelve MONTHS excepting the 18th of July
when It Sl3 594 900. .'.