New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-02-02

CRESCENT l0FBlCE. 70 Camp street.
ss-1, Saturday Evening, Jan 81, 1856
The week now closing has been attended with mild weather.
and the contrast great with the temperature in North
regions it Is wonder the entire population Of the North
does emgrate to the sunny South We of
trade in New York. Phadelpis and all Northern cities being
interrupted aud cold weather. Vessels
part from enter the harbor Of New York Weink have
for congrauaton ia being free from these mpemcns
Under the mild temperature Of the weather streets and
hooughares have been daily ronged and ice and cold does
reign supreme West and North checking
ton, people manage to reach good city in mode
another These additions to transient population with the
visits Of immediate neghbors in Mississippi Texas and
State have impaired great activity to the local trade Of
the city for the week now ending. aa
The dry goods business with the accompanying branches of
almost every department Of wholesale retail which go
make the great of CITY, have very sensby
improved The Wholesale dry goods has been unusually active
Goods have been turned freely for almost every county in
Texas Mississippi and every parish in this State, while the
visitors have kept the retail and fancy traders very
stirring and lively The skepca in future greatness
Of city must admit that the prospects
encouraging requires something argu-
nent than the increase decrease Of thousand lots
OF them not be worth the taxes for the next fifty
to estimate the future and steady increasing Of
this emporium Nothing but and impolc legislation,
such is going at Baton Rouge arrest the onward
of city Legislators do entertain the be-
lief that injuries the city has corresponding influence the
whole State One before the House of Repre-
sentsves 60 restrict free banking rather prohibit ndyi
individuals who give security for all their
dollar to hundred thousand one million dollars
should be prohibited from banking loss discern
The general banking law Of the State in force works well
and is very good old adage we'll enough alone"
We have however only heard verbally of the bill
the Legislature We opposed nkering anparing
with the But why should be taken
vent foreign capital from coming to Louisiana loss
conjecture ought be encouraged to the fullest
desires bring into the State 100000 fol
low the business of Banking of sense
we think might appeal in the of suffering cultivaols
of sugar let him them and organize Banks conoabe
to existing laws They in every respect restrictive, and
give all security required 10 the public apply sorcby
to ind idnal bankers than organized associations
ves of the bill in progress would belief
that many persons embark in banking under the existing
law We think is wasting time pass regarding
what may never come in the world Of finance snow
nearly four years since the general banking passed.
not solitary individual has awaited himself of hepivege
gantedo assume the off Of banker-even with the reduced
limit of capital Of hundred thousand dollars liberal as
the provisions Of the existing law they sufficient
encourage individuals the responsibility of private
bankers and only capitalist has made arrangements for
working Under it. but his capital will considerable
than the lowest limit the sanctions Our legislators
need be under apprehension that shall have influx Of
capital in Louisiana particularly such unstable Legislation
as appears to govern the eongregatsd wisdom of the
Legislation has already committed sufficient mischief regard
TO The autho y granted to the city authorities
capital has already Commenced drive other places
of forty thousand by one party was this av re-
mted to France account Of this pos This money
been employed loaned out in this city and planters
years at the rate of eight and nine seeks other
counties. How much will follow this spring we cannot
say 1t H. however proposed hereafter that in all cases where
paper is bought and Sold money loaned any shape the
conditions shall be that the borrowers shall pay the tax
our country friends will understand the cost of taxing capital
and obstructng tie free thereof by restricting capitalists
who may be disposed to embark in banking in this city
The general money market to-day very quiet The usual
payments for the last day Of the week the chief
The offerings in Bank somewhat beyond their income but
not heavy There has been during week gradual falling
off, and from the exhibit Of the Banks this morning. it will be
seen there is reduction of loans and discounts We think they
have reached the maximum for this season
The return TO the Board of Currency shows the following
changes for the week r