New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-03-06
Atb orleans NlDntu alarktt.

a-
There hns Indictment day for weeks possibly
" might net be going when months door
than to-day Every branch Of trade suffered more or
e the general result Of the days transactions were con-
sDed to limited sphsre. ftsN
The money market continues easy with demand for long
dated paper cent Cotton factors accsp
snce IRE The ascsndancy at this In fact Cot
ton IL King have from time to time inmated there
may be praDg dsy to day Of too high prices but those
high Fifteen cents have not yet been reached and 1t
te received opinion that community stand losses
inside Of figures There is probability that shall
break down. fifteen realized this season We
have toierable strong position foohod in the commercial
world which, think, will be sustained 50 our qnondan
friends can harp Cotton King, though Victoria is Queen
Napoleon Third he calls HIMSELF Emperor and sclns
body Russia subjects want little cotton designated
q Emperor Of all the Russas: Z.
There were negotiations paper the extent Of $780,
0OOlong and other grades at 10 pc
cent Regarding money matters, in issue hi
morning the payable into the several Banks on
day which was nd million of dollars than on TIL
last year. There is evidence in these figures OF
decline In the general trade of onr city ssss Elg
There sales Of stocks todaysay 80 share
Union Bank on PT and few shares State Bank at 49,
rather quiet to-day The Banks obanet
Il discount the counter New York 0ntsid
he rates ranged discount sixty days sight 1s2
discount Sterling quiet Bills OF ading drafts "a
T Francs change and only taken in moderate SUM
at 2Ss@5 market ranging from 3QG5
Belowgl be found extract from the report Of the joint
Committee o. the Legislature appointed investigate the
diton Of Banks, bill has already passed the Senate
imposing hundred dollars each Director Of the
old chartered Banks for day any Bank be out Of
line haye only wait till next session to feel the effects OF
this amendment 70 the Bank Act and exchange Northern
cities decline December next to five cent discount
for good sixty days bills shall have an opportunity Of ascer
ang whether and will feel the effects OF the Banks
being 10 line overtime line horizontally In line By
the Directors required to watch the
Of officers the Board Of Currency watch Directors, the
Attorney to watch the Board Of Currency, who is
to watch the Attorney General is given Perhaps the
.sCrescen, newspaperp sii,
gained foood that this lay was imperative IS remedy 70
u g Rem er hey had
greed that rule careful examination q this subject
opposite conclusion and satisfies them TIL The provisions
IN e Of an
Or intentional violation OF the law. ..s. 'i,.5
existing laws me especially temporary
Wa re nj sss ia Il ass
Sd y Es DC III 5
ID esd IL IL len
H.
policy q the il must be admitted that the Of
81 Sons hee very assessite
within prudent to- APT engender area wants.
facility which the exigeneies
nsn and
psneiraon and the conviction le facility
q large profits which induced The legislature to
specie basis Of onhird in proportion the whole cash abil
lion 10 encroarh this excellent provision, they
disposed its violation weaken of the
checks which made the best in the Union
The penanency usefulness Of banking system be
by strict adherence to law Any departure
from the Enthusiastically laid down would lead to de-
Your commi,tee therefore, with the view Of operating
WELDING any such necessity Of infringing
INV III jS42 the active movement " Is concerned
leave to report the bill marked Al whereby
eaity Of one dollars established against each and
every and Director for day while the Bank is
tout OF line unless, suit brought the defendant
Decto should make satisfactory proof Of his shencs from
The violation OF the law and caused h protest against II 70 DC
entered on the minutes. et5s & sas4 sg4 ~, ia3ss
70 the absence Of such provision in the law Of iS42 may
fairly W the necessity of Its enactment at this time
and II Is to be hoped future Legislation will be required
70 enforce compliance with the rules Of that statute IT. how
this anticipation s not fortunately TO be realized
ockhoders Of the chartered Banks will have some air
evidence of the Legislature TO interpose
nepnty against agents much milder character than
That which the original law itself will nnwingy inct when
N mper iors necessitv calls for its application. 34A
also bill herewith marked b.
Tending the luties the Board of Currency and requiring al
The Banks to keep daily register Of their movements and
furnish the Board with weekly statement thereof
board in Their Important mission of taking that the ape
money issued under the authority Of the State be depre
ciated., sHf H. NJ. HYAMS, Chairman.
stanet Of e Deposits Coinage e Branch he MIA
Uasd Siss at Ne,O Orleans daring february 1857.
GOLD. "a,
California Gold. S55,a.S ~