The Feliciana Democrat., 1857-11-07
FINANCIAL AFFAIRS II NEW ORLEANS.

The Bank Statements Of The week re highly Oh.
enuragug. The circplntind proper has been strength
rnod by the withdrawal Of Sj22 800 in notes and the
increase Of s3ej.sjO III specie This widening Of the
basis. with the proofs Of Increased public confidence
~ he Increase OF deposits, are cheering symptoms OF
the approach Of the period when the banks may be
able IL AFFORD relief without departing out Of line
or pntng In danger any Of the permanent public
interests which ARE involved in the iniIeyible main
rnancn Of the specie standard oi value.
These whole results have not ms yet had but little
aid from ahrnal. The foreign supply Of gold for the
movement of the great mas Of produce. which waits
market has had no appnciale share IN the right
ing Of the currency. The supplies have been from
sources at home and considerable part Of them, a.
have to think from boarded sources in our
own city the rearn to the banks Of specie drawn
ont IN t'Oughtles. panic and finding its way back
To the place where it viii he quite safe and alto
gcller more useful.
This domestic souree Of supply Is by no means cy-
hNu'ted. There isa heavy amount lyins in iudiyid-
ual hands and on special deposit, which If thrown
freely into use would afford ease to many solvent
man who with an excess OF solid securities, is ON the
verge of ruin for the want of the ordinary facilities
Of trade. There is specie in New Orleans. not in cir
cuaton, and not needed for circulation, enough If il
were put to IFS legitimate nse to give ease to many
suffering interests, and improve the face of affairs
sentially for every body. The banks are receiving
it, by their course steadily but surely Confidence
must be indeed plant of very slow growth, II any
citizen OF New Orleans needs any additional evidence
of the absolute safety of the banks or Of their rigid
perscycrancein IN the line Of safety.
We looking for large acccssons to our stock Of
specie from abroad, for the purchase Of cotton. We
have that which England cannot do without, and no
financial device can prevent her from purchasing
with that which want. II is not in the nature OF
things that prices can be maintained, and England
necessities for gold constrained measures of strin-
gent character to prevent expectation. but they must
consult the cySencies of her manufacturing interests
employment for whom is the condition Of existence
with herself without which she will have little gold
to guard against internal distractions OF the most
pcrilons character, 10 engage the of her rulers
now taskcd to their utmost by the cXgcnces of the
bloody and costly rebellion in India. The Indian
drain for gold and the threatening continental troll-
bles of finance will constitute serious obstacles to
flow of gold in this direction, but they cannot suffice
to check it, Her interests in supply of cotton are
vital and when the necessities Of the cotton markets
demand specie, she has no alternative but to send it,
cost what it may, and hence the supply from that
quarter is among The early certainties Of the future
The amount may be ovcrrated in anticipation, for
SAM gline men, on this side, have not given alway suf-
fcient consideration to the difficulties which will be-
set this movement from the painful position Of the
government, between the necessities OF mauiac
and the public exigency for gold not to speak of the
possible imparing of the resources Of the manulac-
turers of which the effect may be felt in diminished
demand and reduced prices, But with all these re-
seryaons and allowances, the set Of specie in this
quarter is inevitable, and then the favorable effect
upon our banking and exchanges may be counted ON
with certainty In the meantime looking hopefully
forward il Is incumbent upon us TO heip ourselves
and to help each other and this sort OF mutual help
and confidence clear away all the Instructions to
trade which are not real, and escape what Is possible
Of the inevitable consequences OF the process toug
which the country il passing in the return to sonnd
currency and real values. PlcdYhne, Nor. l.