New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-27
0cn Orleans 9aiIg Greseent.
WEDNESDAY MoRNlNG. ocToBER q. Les.
Talk on Change .

The Persia, with dates from Liverpool up to the
10th inst, popped into New York yesterday morning
in short passage. Cotton is reported as steady at
u for Middng Orleans This is no news, for no de.
cline was expected The sales OF the week, up to
Friday the 18th, AZ 900 bales The stock of all
sorts on hand is reported at 100000 bales Then
comes the accounts from Manchester which are re-
ported to be quite unayorable Now, this report or
similar ones, have been coming By each Cunard
steamer for three or four weeks It is getting to be
old story, repeated too often as none of the mail
adVces confirm these very untavorable tclegraphc re-
ports, COns0ls have declined a uuarter-we breathe
freer! Mr.. Bulls cOnsOls have not agitated nor set
the Mississippi river fire. There was some talk Of
a factor way down Union street being alarmed that
consoI5 figured at $50 to 054 for money, instead of
98i on tick There was also other flaming accounts
that the specie in the old grandmarm's vaults had
decreased $4,000, or about $l50,O00 out of about
ninety millions Of dollars The talk is Of making up
purse on change, and request some Of the telegraph
operators TO dispense at least for six weeks with the
Atlantic telegraph. We talked over two months ago
that it would not work, and folks on change do not
care to be reminded Of the losing investment Of some
of their friends and correspondents.
OF course it wonld be almost impossible to pass the
several brokers' Offices and factors countingrooms
without some interlocution 1--WE may term it, about
cotton. Cotton is king, queen and sovereign about
this time. If folks do not believe it, we recommend
such to take walk on the levee if they can find
space go to the warehouses, presses and jackson
Railroad depot and count the two hundred thousand
bales now in market remaining out OF the three
hundred thousand bales already received in the Cres
cent City since the first day of September last-a
period Of fftysix days-vaued at, say about seven
teen millions and half Of dollars As this is tole-
rahle fair showing for commencement of a seasons
business, we concluded to drop our talk, aud re-
marked that another great undertaking commences
this mornng-that il, the departure Of the steamship
Quaker City for Tehuantepec. The talk was that all
her passenger accommodations were engaged, and
that she goes crowded The success of this Company
will undoubtedly nay, surely prove one of the crown
ing features Of the great and progressive trade of
New Orleans-and now we desire to say something
of the following nature.
We alluded last week to the talk of false packing
and plating Of cotton We hear of many complaints
and many remarks that the swindlng and cheating
is becoming a system It is time that it should be
checked We give below an extract of a letter from
the executive officer Of the Merrimac Manufacturing
| Company, Of the largest and best associations
in New England. The letter and complaint come
through resident house here of the first character
and respectabiIity From what we learn, the invoice
OF cotton which turned out these nineteen bales was
purchased from FIVE or six different factors There is
no question but whit these parties are in honor bound
to make good the deficiency, It becomes the duty Of
every factor to promptly meet this question, pay the
reclamation, and kick the swindling planters who
committed the frauds. Though the direct question Of
false packing and fraud cannot be brought directly
home, yet, where it can be proven that huyer has
Suffered factor is bound to make the loss good
though he could not be compelled by law. Law is
one thing, justice and good fatth another.
By reference to our financial column of yesterday
morning, decision given by the Chamber of Com.
merce Of this city, so long as twenty years since
establishes the correctness of the views in which we
indulge. Moreover, it behooves every factor to use
his influence to check theinfamous sys en- of plating
at its threshold;
W. have suffered from false packing water
tl1a quite
paiut cotton, unusIal AMI extraordinary degree
suspect foul play the However that may he, there
is enough show thar
ling for although water the middle be difficult
certain sand carefully stLed in and poor cotton, with thin
Of excellent quality outside certainly be discovered
by careful drawing of samples when one is ewarred. You
be sure do much these frauds the
most serious and is rapidly tie increase waste
hantty increasing will he especially a1ge this year. hear
the complaints in all quarters. II detect any
frauds, should wish the example be
| the offender, at all cost and on my account,