New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-04-20
Nem Orleans Stlpueg Alarket.
CRESCENT OFFICE. No. 70 Camp

CRESCENT OFFICE, 10 Camp strect,2
Saturday Evening, April IL, 1867.
The Of the year indicates thai the time for the annual
falling off in business has arrived There is not steamboat
leaving the levee but what is crowded with Our
old residents yet thinking OF taking their departure
The birds Of those come to-day and go tomorrow
ciizennany cosmopoans-are those leaving this
few DEALERS cotton and other produce closing
up preparing but all who have departed and
preparing 10 depart, have not met the first individual who
will be his last visit New Orleans The adj
yantages for business the City important
overlooked and the pursuits of pleasure and recreation with
mild climate be erased from the Of those
enjoyed them The ISLANDERS Of the empcric In
trade emaang New York and elsewhere against
community fall harmless, generally believed
the mssves which have from time to time noticed
written by parties have but little affinity with the
merchant though assuming SUCH whose feelings
nant with Southern interests ..
The closing has been in financial circles the
stringent since the of business Sep
TENDER Under the mpolc statutes created by the last
Legislature monyed institutions in endeavoring
to the demands of the public oundeag it from
day. keep Of the meshes of the officers the
though investigate and serutnize the subject it will
think be discovered there law in attaching additional
penalties recognized the
holders of Bank The law Of lsis revvng the charters of
the Banks accepted under implied IL stood
that time To modify, change the law be
considered delegated the Legislature, long Bank
moneyed institution maintains its credit fulfill its duties 10 the
public exhibits from week week thai solvent Tit
Legislature has in view right attack the contract
nor attach any penalties alter snnul any charter unless
with the the popetors of such Bank who
slider In the light Of party making contract with anoihe
FOR consideration The Banks agree furnish currency
ceivc from the public and pay and
business apperaining to banking, IL hardly be contende
that they be Dispensed with in commercial city
can talk as much please about hard gold
silver but side for any that The
the con Try can be carried without Banks and the usual
phees paper issues If community TO wit
other great communities banking system
eet every year to legislative action and nexpedents.
The law requiring daily statements of the Banks has gone int
effect The Banks statements to-day One unle
the old foru being the weekly statement made up after the
changes this morning the other daily statement with III
average to be made under oath 1t puzzle the most earne
merchant banker, civilian urist to discover the utility
having two weekly statements The daily statements will {
course show day the position old Banks when the
rule and be the OF bringing action Il
the recovering of the fine.
aga this law, as acts on the Fl.
banks infringement rights GUARANTEED to then, midi
the banking law of 1853 The provisions of that la
accepted in good faith. and the imposition exa
TONS without granting additional privileges, is violation
y faith and equity Though penalty attached man
" of free bank going of line yet they
position days and thereafter grant any
the Bank shall be deemed nsoSen and be agar
accordingly and every director manager who
participate in the violation, shall become individually aN
for all its debts and Obligations These pretty strings
terms Taking liberal view of the general
utions appears that legislation conducted with
view that stockholders directors managers of Banks
unworthy OF confidence and not 10 be trusted until every
al had proved himself honest man
y The money market rather uncomfortable to-day,
much might have beeo. The offerings in Banks