New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-07
Nen Orltans Bully 6rsstent.
THE COMMERCIAL DEPARTMENT..
Ysm Or!fans Tlontu Nlarktt.
cskscEs. orylcr, No. 70 Camp stree


CRxscEsr OFFICE No. 10 Camp street |
Tuesday Evening, Oct. g. 1871 |
It hardly he expected that with such weather
prevailed to-day, should have much say
money msttersyet have something to remark The
offerings Bank to-day for discount very large very
heavy take the market all around II tighter than
yesterday particular as aced by the Indictment
weather.
It hardly necessary say much about paper this evening
There very little offering, and Of very little done
of Bank LENDERS in general have closed
pockets unless exorbtant rates. but it does not really
seem to general OF trade The money in the
city Is yet all in the hands Of dozen individuals.
Exchange quiet to-day The elements outside seemed to
great influence Some sales Of Bank checks made
u premium, and sight drafts at ll@1 premium In
time did not learn Of transaction. Sterling without
change II there change to-day 1t to the dsad
vantage Of Sellers
In stocks there transactions. The general market
gloomy have known for days. and
of course our remarks must be brief.
writer in the New York Times Of the Both nst the
sudes the memorable Of
1925 many old citizens bear in mind those events
draw largely the communication Those fresh
The Banks of New York should take warning from the
England caused the Bank England conraeng 10
Of six months. From 1915 to s4 an
aas Of gold teo place England which Iiss
s vss ss
hss Began he "
York doing contracted their issues This they
5 aSS n I s
All Sas dark and gloomy as New York Is now Persons Il
k s liz * Of s Sa not fl asa:
ssd Il. b. e .s s
say) afford accommodations 70 the public, shall
Be es1ns Srss % gd and s a
broke the evil did not stop there On The 18th Deem
seized pubctbe honorable merchants Of
on be. the question
up
to
to the public to the Extent Of three
millions sterling the short space Of six mo%s The great
nodatops the public twice that amount in 81. days-she
Bank ENGLAND distributed in the value Of fifty mil
The Of ought eoaece and purchase ten
do from the capitalists Europe suppose they gave
o s h. s s II
of millions be sacrificed when for million in interest," the
Fourteen millions Of gold sufficient for the Banks of
New yorkhey ought to have twenyour millions Of specie
believe causes of the periodical psncs that take
allowed to issue their notes their promises pay except
the of securities deposited in Albany When there
he back and sell them for the purpose Obtaining
T Of @
issues only $sooO and that can only do by deposit.
York have really nor privilege q
can ms in Of a hsn s value
t. hs SI'Hss
notes Of the Bank Of England AND ats in the place Of gs
cessary nay the steamengine is borrowed
SON said Those who trade on borrowed capital ought to
but the fortunes have been obtained by Dor
II enemy comes and to tear and to cause ruiz
must not got The assistance Of from
France did great at The time Of the tic In sh
ssSi Inc sss fortunes nave 'ss1 s's's' "s ''''ts'
binary for the purpose putting in
Il Fl @
when they acted beray but when they restored confidence
BY suddenly dseounng, gold flooded into the Bankspec
vaults The screw should be eversed-shoud eased
nd h s Bk up bya ns ave
them act as the Bank o England finally acted in 1926 ber
The telegraph yesterday advised of the suspension of thu
heretofore considered strong house of j. H. Lucas Co..
simonds To corroboate the impressions existing and
all doubt Of the house being able sustain the Storm
append the following card which we look
tee for the payment of the deposits and accounts of all
having transactions with the house. This card dated til
18th September and the 5h October, week after
wards the telegraph advises that the house of Lucas Co. ha
suspended payments Capt Smond we believe the partner
and memory correct engaged the steam
boat business in the trade between this port ST. Louis
twenty two twenty five years The house has
necons this business having transacted hroug
| and with the Bank of Louisiana:
CARp-The undersigned believing is nothing
the condition Of affairs to Justify of confidence tn
of the community in the sovency the several Banking
houses of ST. Louis do hereby in order TO aay the sppehe
sons of deposors and to the whc
might result from by them their depostos without in
tending by their action in intimate dsust of
other hose and all having
l III,
| safety OF their respective deposits
Witness the hands and seals of the undersigned the 2Sh
September, 1857, at ST. Louis, Mo.
| james f. Yeatnan, W. Renshaw, Jr.,
James Harrison, s. NJ. Mcclure.
| John How. D. A. January & Co.,
R. j. Lockwood, d. H. Armstrong,
| Edward j. Gay Co., Chas. X. Dickson,
| Edward Walsh, Thos. 7. CAN'T,
j. OFallon VIM. Mcpherson,
John j. Gay, james B. Eads,
NJ Brotherton, Chas. Tillman.