New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-03-10
I'LL @rlsars 3ailp Crescent,
Ysh 0rIlars aloasr Nlarkst.

~
o'.s. sss S.y's ag. No 3 s. Gang iss
receipts Of produce from The West for the last eight
hsz have been marine register in
- eli the available resources Of those connected with the
western ade and have much pleasure in renarkiug
facilities any extent realized. When acil
es ID any extent do not those commensurate with
~ csps Of the Bank Of England, but mean that with the
aepiinres Of King Cotton control an immense
o Of The financial affairs Of the world, Of which, If the
Wese ade OF city does not already possess SHARE
Il VA before long.
The 1forey continues to be well supplied long
essn factors strange itmay appear under
fs large offerings bank there is very little paper ap
gearing market The sales to-day about
Ss0Q IN several PARCELS the Of per cent? with good
10 fsis second grade going at TO- HOLE q cent
IaSocks there sales say shares Bank
LEX and Is Shares Louisiana State Bank at 1929.
q Exchange there not any heavy transactions and
though or two Of The banksput up Il premium
Mex York, heard Of rate cash There
sales onshe street at & discount nett and sixty days sight
ct lx@2 discount. The banks buying sight u dis
and days from with some fair bills going fraction
lower. lSts 4
Foreign Bills heavy Sterling though freely Offering
would not command 4 to Dealers and place
figures A. for good to slight decline Bills
with shpnng documents range from but fayorite sigma
fHses Will command fraction In there
ssslss Of 10000 at 526l4@5 Is on Paris. 81.
We give below reply Messrs Macauay and Sarke the
representatives the of the State direction OF
Citizens Bank, to the questions propounded by Commit
Heea Banks places the question III the light why
wherefore the banks have gone Of ne Having watched
die and movements 81 the day day. week
ftcrweek entertain the belief that the pinnipg down the
movements Of bank day in the week, viii
sdsrabe and pushing in the financial the
height Of business next Mn FERROUS when co
day bills New York down per season.
the free banks do extended privileges under the bill
s ~ before the Legislature 8s
Hon III W. Hytass hon. w 4 Gordon ciairms.s Of
made II regard Il i depsT
N S
ssSs &c sss
ssss s Ii 5ss y
BET wihggt IN any manner ondangsring the currency which
purpose addressing his COMMUNICATION to your honor
not been eoasnesp ae 81 s
y thus questioning this lewiston from The law 81 is and
b ssa saas sss sss
s.s ny p sSRof'tk ~
ss !; osi sss d,
gsses decided that hut & sos s e
Purpose Of bringing ou CONE
@ ss' a oan aaa
shpenss hase bssa 9ads
ss iOIl v e Nus That Bank viii have I'M
This heavy receipt Of coin would hare than snaiced to
beyond the ono II t s
most prudent and which 4 l,as been e Of this
the community but without its position Or
ssstss dasls s. over sss
and ne amount collected 70 period III 1855 and
aS a IL e g ss 5 ss ssng
ports o and moasses which coming in freely
saa Nh Il sc &c ss q
aaSs 4 s port from October last TO soh September
the month Of December with specie basis
M u lie 8oad ard f i carren 1es y
iss unless further heavy receipts
sa Il ne s 9aa
duty e is public gone beyond the law Of 1s far
jmpoting adona supplies u coin to furnish mepe
6a On which 70 carry on import and export trade New
DasIag as period between Ne purchase exchange on
Y a M ,sesssrly baancs i Only iaai
@ ',ss ss s
s RSfs aSli On ns Aslss Z
wiring ont bs each succssding large portion d
opsstioa snd discounts has been positive relief the
which The ee 0 o S e fSs
g sosos of the Aeof ISL while only aim and dsb
saie could danger t. t. selt or % iSs
@ du WIS lfeey ii 's ne w.
sass shs requirement ,' q exchange
s. as
sasssi Above - NV ~ s''n0a'
vi ga s cheeks ne @s e
d sRss
Sn %s s snai
paid and osr expenses this lesson little q no coin
e S aa hs which ho s
ths but every been the heaviest importer coin
uss Of during tho january would
II ILL d Va yee again out SUI
Wide &c ssasnss line had gone ap e only ssSSS
ssa sas mp 4 II
and the Civilizations which this very
wia,oat hs properly Under these
sssEss ss s ass ns,
t q he Bank 50 Or to give short loans on
i y MAJ soas s s bs ssq
essuirsnaens Of the law on i'd sh Il he sams month
sesat o IL have
xsy and CONSEQUENT decse in exchange below the
the coin be imported without lossand any depression be-
you'd this point direct the planter whose produce is
sold during such depression. r. r. gssa
no disposition the part Of the Board to set the law
defiance in regard specie clause other
wrsse the contrary the operations Of the Bank
have been conducted the sound and conservative
baifs 4nA daily statement OF its aats IS always in Cash
ie{ss ONCE, for tile inspection of the public. i
4&fla the subject of banking beg leave to call
aiQn what consider to be defect In the law of
the provision IN the Second Section. requiring
statement Of their affairs every Saturday.
and he cf he last Saturday Of the month to % published
cialy by the Board OF Currency We would recommend that
hanks should be compelled keep book in
which te daily situation after exchanges should be shown
per enclosed ld that they SHOULD send
each ss,ade the Board q Currency q their daily position
Board Of Currency should strike the the end q the
aob and publish the said statements instead OF the
submitted last Saturday. This change would
have saiuary cheek all the banks BY their daily
pason to the Board of Currency and the public instead OF
weekly statements It present bank under present
system be In line every Saturday and be every other
a $50 j. j.. MAGAULAY,s q