New Orleans daily crescent., 1857-12-25
Ns@ Orleans dtlol,eu ylarktt.
CREscEsr OFFICE, No, 70 Camp, stree
Tnurndn,r Erauinlk DAG 2i lE6I

There very little to bo said this evening the general
market transactions for the day. Rain commenced
to fall about II O'clock just sufficient to check any lively dspo
which might BE- apparent the large sales
OF yesterday, there general calm to-day Most
parties waiting The advces of the 18th nst fully due
hardly expected that they will add to the unfavorable
Impressions prevailing.
had large calls for discounts-wo days
having to be provided for There great doubt the
many regarding the sosency of the paper
offered great deal rejected from the want Of positive
knowledge the soundnes Of the parties In fact it is mat
of extreme doubt ascertain the responsibility Of more than
one half Of the paper offered.
There were no sales paper to-day the street. and the
market closes very anguidly. ..
nothing done in stocks In exchange there
The banks selling checks York
cent discount and rates outside ruled from s9 and
discount; five days sight l4l discount sixty days sight
from 3HsA and cent. discount with some favorite
signatures Sterling taken with shipping documents at 10
good signatures and lOl05 and 1854 for clear bills
direct remittance the rates 06l06 and bank drafts
at ln7 range from 5oS66U and sos The market
4 closing torpidly. S.s S
will be close holiday and our daily report will
| Of course be extremely brief.
There will general withdrawal from the dross
Money will regarded phantom and useless endage
the social festivities OF the day where enjoyment
friendship will trust, rule paramount We wish
all pleasure and enjoyment md trust that the
| next season will be one Of more Joyous aspect
The National Inteigencer washington Ciy) in its remarks
on the late Treasury Report compliments Secretary Cobb
says;
The report gives satisfactory statement as to the public
the whole o which woald have probably
the nss The Ts a sa%
ever Is so small ihatt Of moment way
ss s.s 7 i ssa1 Il nse
a. I sad D sIpi pss g "a s
ceipts Of the Treasury by the recent convulsion.
ss
i9r the afforded great and sensible s
Of late rsyplsion would have bee
e ' VIII @ s Sfw s SSss s
early this ssSHng ~ S he @ N
Treasury notes more rat
s S Ss
eumstsneos which then existed and to the extent which Ii
he entitled @ to great credit
aludes the small bank issues The greatest
that existed We alude the for less dem
inaon Eve dollars. Five dollars is enough. Tn
city, Orleans has troubled with the small
Of States would they be in any
neither small nor large. We fortunate the exemption
worthless trash In fact could not buy his dim
with ten dollar note Of the lssne OF the best ba
~ the city of New York. -
Tho great ey Of the banking system In the United States
sSsnao II, than i've doarssd The prShIon sue
by of the States which have been to sorte
REFUSED on sass the and sa wa0ss ,s
@Ss NO
these State issues but they hsys sn I'm na
rs that by heavy duty upon all such issues
hoped the Secretary would have made such
mendaton 10 the National Legislature Such measure wot
be far effective in promoting and sound
and guarding against such as we nave M
* all the laws for hanks that sld be pass
no afshs hs asa
elder Adams, and again under Madison during the last
with Great Britain.
such except source for revenue
Of itng this be valid argumcnt the United States now
mt want and therefore would be Justified IN eVyng
nt deny that plea has valid force and
tend that for the general benefit of the community AZ ar
Inc attain the highly and vitality important object Of an
form and sound the United States have the tul po,
right to adopt such measure should Il be limited
notes Of less than five dollars But the remedy should not
the cula in the state OF affairs be applied too prong
or enable time should be allowed Tor 81
law TO into operation and In the first instance should
applicable only 10 issues of less than five dollars After
seqaent period OF two years let be extended to az ns
dis IA &avas and there stop nn as M ~ WY
ght nomination twenty dollars which Is the limit in Frai
hat and twenty five pounds erlne in England
vas We do not coincide in the recommendation of Matte
Bankrupt Law We have had within the last twenty
and that sufficient far Louisiana concerned
rsh The mild and beneficial system insolvency of this
set aside by the act Of of
description annulled simply by of the
Of the District Court of the United In fact
her rendered perfectly nugatory by the
rich they be acted and set aside in
, he | they can in another.
har We again that the evils and troubles under which
country sbors, will work their cure and then,
bly, all States wall act wisely and remodel the banking la,
of each the form Of Louisiana After Congress has
Treasury Note bill, hope further tamperng
sr meddlng with the currency Of the country,
Of that the States have right authorize
Issue of notes, when it has recognized since the
al. Hon Of the Federal Constitution 5r.--