New Orleans daily crescent., 1857-12-11
THE COMMERCIAL DEP PARTMENT.
Naa d)rIians HluueV Mlarktt.
cs.'sss, s,,,.. os.Iss, NJ sq u Camp " ~ ":

ca.'s5 9s.ss ss.,;s Ne y &C. Camp n
snil spshy prevailed to-day n both commercial and
nsencl AarkssA seyer. parties waiting tho Europa's
y ~ h ult which wers fuly due At New York
tAy. ne Nsw Fork papers, received to-day wsll as
csszsapcndsnce, fully connm the opinions heretofore
hat ~ auspenson Of the Bank charter tuf EnEand
Asluspn Money lust scarce ever. AT
TINS 0hss nsny writers in Europe and this country
thas banking sssns o. each dsanssd
ptee atAs u Lcusans being included the
eseofy As rseard1 fs encomins whch given N
quarters the Bank Of England rendering aid to an
Anstican houss occasion, II may be considered Is
tau much aadssion for seltntsres Though W confess
pleAurs IN learning that the Of the
Bank of kngand found for their interest," the gcod OF the
esnclai public Of Englsnd forward sustain the
house n George Peabody Cove are not how
sv whsher the assistance rendered was charged
the rte q ntsse 10 cent per annu Ede or
pyats eontraet made which might result in TX per
Wchavs vsy s say this evening on the money market
Ihus very little paper Offering through brokers' The
cnes bank soersble large There only bank
dtsccuuting to-day. small amount Of Al six months paper
placed The s per cent per annum. do not
know how dealers 10 paper will Hnd their surplus
unless tts paper market IL more freely supplied.
n Exehsnkc there extreme sagnancy. Two three
bsnks enhanced their rates for checks New York "
discsunt and sellers outside seemed inclined to adysncs
~ ~ liking psr cont discoun for sight draf We heard
- IN time bills Sterling hsavy and rates
Sht b. deemed nominal We therefore, omit figures. Frames
rAss direct sod 4 SIS Extreme bsing from
k1tt9ks0. SSs s s 885lt y Ssis t85s 5s
~ y CsnAl Bank sale of s 900 Louisiana
as IL psr cent bonds was made Ia New York 1s
G which farther sdysncs Also further sale the Sd
III sA 81 good stseks d 4 ~ tipss fncsusts. ,
From The msny Of the hard money advocates II IL
gsnssAy eysd present session Of Congress
sacn wsud brought forward regarding the currency Of
~ country Many illusions hsys been nads opinions Of
walrie Jackson HIs ideas have been frequently
L .f-
known m General Jackson hough decidedly hostile to
Naop Bank bAssd the principles the Bank Of United
saa sccpoted IN The 1916 nevertheless was partial
bank With restricted powers aud not general
hsnhins Ustsm Of the respecttrs States.
The following sxact from the message Of the d July
16S rsesh The memory of old citizens and explain
Conssss has any right insre with the currency of
no rsspsctivs Satss
rom d Witch Ii ths ssa bsnIs snoa.d .ps e
j. ss & sns
soa 3 IL q s,snD s
e s,s nsd e s Z
.ssiqE I, Sesss e hs ss,s H prohibited
Rews. NJ EYE Y e sosous that The Supreme
Tie OBJECTS ,o Il. 5sss
caution Though not directly o rd sn s
rights Of the States may Indirectly esislated away in ths use
81 the means to execute substantial powers may not enact
that Congress shall have the power exclusive
over the District of Colnmba hut may pledge the faith Of
not 6e twenty forever We may
pass an act prohibiting the States the
ried within their mts bat may as means of executing
our objects place that business the hands
our agents. and then declare exempt from taxation
ne hands Thus may our own powers and the rights Of
AWAY and in the Of employed by
execute other That bank Of The United COM
70 All the dulles which may be required by the
nent might be organized iange own dele
gated powrrs OF the reserved rights of States do not
doabt Had the Executive been called upon
been chserfaiy performed In the absence Of such call
was obviously proper that be should conne himself to pointing
,u those prominent features the presented which in s
,pion make 1t Incompatible with Constitution and sound
3oiicy a genera discussion will take place. ecng
ight and settling important principles and Congress-
ected y tee midst Of such dscnson and furnishing equal
81 the people, according the last census
'ear 70 tho Capitol the verdict Of public opinion doubt
iot bring this important question TO satisfactory result
twill thus be that the great jackson was not committed
coin and those who attempt use his fame
making sound banking system warranted
sustained In the memorable message which the
bove extract is taken moreover, the great said:
II must have bank with private every con
Iteration Of sound policy and every impulse American
admonishes that 1t should be purely American Its
should be composed exclusively oil own
who at least ought to be friendly government
md willing to support Il IN times Of difficulty danger To
auk exclusively Of American stockholders possessing the
owes and granted by this subscriptions for two
hundred millions Of dollars could be readily obtained
Thus spoke the ustrious apostle Of Democracy in 1882