New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-27
Nt(p 0rlsans 9ailp Grtstsnt.
THE COMMERCIAL DEPARTMENT.
9sm 0rltats Alontu Nlarktt.
csrscEsr or,lcr, No. 10 Camp

osr'S asaas Sy, ss.a me- g g.. e.p %
We have change notice general OF
tions to-day Az usual the Of week. takes
little time to get to work. There ssles day Of
sight drafts New York the Of per discount
The Banks sold checks from lI discount
disposition evinced to-day the Board Of the Bank OF Lu
slams to relax in their rules grant few dscounts-he
chief Of the business renewals time there
considerable falling due which be renewed from
the absence Of Of the parties the original transaction
So far learn all applications extension have
with favor where the attached. deva
ton from this rule would be in with the sound
principles a strict adherence to rules of banking.
There few inquiries calls for coin the Banks
to-dayeyerying relating to them IS moving quietly II
public the Banks grant discounts and purchase
change freely the public take the preliminary movement
return to the Banks the gold which has been drawn since
the 18th inst Let this amount flow back again. and the Banks
would in position expand both in discounts and
change small amour Of sterling taken to-day. The
purchases of sterling made three and weeks have
sold New York. and when sales made they only
for currency We presume one currency In New York at this
is about good another do suppose there
will be much lost that those who purchased hero
lO three and four weeks SINCE will lose unless they
bills orward for collection and await change in the
markets. Pc
We there Of convention of merchants
to-day and in regard the
position Of affairs We do not believe in such gatherings and
If called for the Of urging on the Banks 10 hus-
pend iadvsed and ipjudicious movement.
Bank suspensions have not relieved community where they
have been adoped-and moreover what the Banks do
Suppose they expand Of three millions Of
dollars is the coin such expansion? Until the
vaults Of the repenisbed it unnecessary to call
them their movements. We consider there
only one side to the question: the Banks maintain
their present attitude there is another side, it is for the
public $2OOO Of the gold drawn out and the
shake the reefs Of their sails and be in
condition expand We sincerely hope the suspension view
will be discarded. There will be gold coming hher from
every quarter We received nearly million Of coin last week
and full million expected this week. True, may
come but hope hope ever-s:op talking ant
arguing and go to work.
particularly where New Orleans is interested The following
paragraph from money article of the New York Journal
| Commerce, is point in illustration
regret that Mess Frost Forrest commission
house of this city largely engaged the Orleans trade
understand the locking Of the funds OF their
suspension of the New Orleans banks The
| soon be able to resume.
Owing the locking up Of funds by the suspension of tn
New Banks These reported funds have been
pected reached NewYork with speed aid Messr
Frost Three of the New Orleans Banks stopped
Were these funds in either of these Banks tn
| 15hG Another Bank declined pay checks drawn on il
Were the funds in this Bank the 6th the day on which til
York above alluded suspended s, there is som
the 18th 18TH they could reasonably be expected in Ne
| York assist the 10th.
Orleans has suffered pretty severely by New York
PENSIONS is hardly fair to be attaching blame TO
| ents Of New York houses located here.
| But Mr. Journal has there been great deal of xii
| flying u between the two cities?
The following is the statement of the Banks the city
New York from the LIST August 1851 to the 18th inst 1t wi
that the deposits have been reduced about twenyo.
r,;i nf dolar