New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-30
Nen Orlearrs 9aiIu 6rtstsnt.
THE COMMERCIAL DEPARTMENT.
SNtm 0rlfans gfloneu Market.
CRESCENT orrrcr. No. 10 Camp stree.

I
Thursday Evening Oct. %, 1851
The position Of onsyed affairs though showing no improve
ment from yesterday did pAraks Of anything
unfsrorabe view As frequently Outing the past
three weeks had occasion to notice. there
ket The Banks done nothing today neither
exchange Under such shameless unprovoked
some OF our Banks particularly the Citizens experienced two
weeks since is hardly be, rather ought
pected that the other Bankhat is the Canal Bank the Bank
of Louisiana and the State Bank expand their line OF dis
counts or even extend investments in exchange with safety at
this juncture. We will right down the plain
Of facts and admit that the Bank could expand
the extent OF million Of dollars and the Canal Bank the
extent of one haf Million what have the managers
that their specie might be depleted the has
been the with the Citizens the community
the Banks both endangered II the community the public
will return the Citizens Bank fifty
thousand dollars in coin drawn from during the past
weeks and restore to the other Banks rata of the
drawn might reasonably be that the Banks could
in degree the demands Of those who caoous
for discounts and for selling exchange Another view
of the present position and the duties Of Banks In all
the Banks there merchants acting Directors say
tors who want to sell cotton and buyers who want to buy
cotton exchange operators who desire both sell
exchange they do in the position
affairs consider that the several institutions committed their
guidance with due regard the faith and inegry-that
Is the sustaining Of coin paymens-expand their discounts
this juscture. When the four old chartered Banks
surplus above the rule Of the Of million of dollars
only, the public might reasonably expect "et up" The
Canal Bank in line to-day S00o enable this Bank &c
|
sana was in line S3llV and It has in deposits tc
protect It appears depositors management
Of the Board OF COURSE that nothing but have
holy pride that Banks should sustain coin
nen.s and not endanger theirs and the commnnys
honorable sound and proud stand The other two old Bank
in line but working into line daily and of
expected they discount At early day they vii
| be prepared to expand.
The Citizens Bank gives notice that the interest coupons
the city bonds due the LIST November in New York. will
paid at the Bank Of America, in that city usual.
We the sale to-day Of 30 shares Bank Of Louisiana at 2
In Exchange there very little done The Banks wer
checking cent discount Network In sterling Their
sales 49, and some sight New York at cent dis
The Board of Directors of the Louisiana Bank yesrds
elected Chas f. A. Rondeau Cashier vice Mr.. Relf de
ceased. Mr.. Rondeau has been bank officer for thr
years having entered the Branch Bank the United States
and afterwards served in the City Bank and for several
has been Assistant Cashier of the State Bank OF
for us to dlats his capabilities for the office
| az his efficiency is we'll known the public.
So much has been said regarding India and order reev
ourselves Of the repetition Of the condition Of the Northern
Western money markets. have concluded examine
ascertain possible where and how much silver
gold is absorbed By the following which is taken from
London Economist will be observed that the shipments
imports into India for the last year. almost
sixty millions Of dollars being pre-
year of nearly fifty millions of dollars while export
from India scarcely reach millions India hroug
England is swallowing the precious metals from the Unite
States:
The merchants of Calcutta Bombay and Madras only
in gr % the great Gi the We of
the remote and in their imports the
of foreign productonshey in the capacity only
receiving and distributing and the general character Of he
transactions is the best type of that of each individual
community for whom they act.
That this has been becoming and
past by the fact that year year
India to be paid in the precious metals has
ing Year by the industry of India has produced
surplus from the soil and greater which has found
ready market in almost country, while however, tn
people do have increased in anything like
proportion twenty-five the whoe surplus
duce Of India less than eight millions serng last
ceeded twenty nonsat the former period India
little than four millions in value of foreign
the latter about millions In the interval the balsnc
due India has been annually increasing and consequently
importation of the precious METALS In the last the
balance due India for the of the exports
ports IS 21, co. Independent of the transactions
United Kingdom, that excess included those many ohe
countries with which, chiefly through British enterprise
trade of India is rapidly increasing but all of which tn
greatly exceeded the imports received from them
the following statement of the trade of last
named concusivey shows: