davidaulloa/AmericanStories huggingface dataset:
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

1t has not fallen to the part Of the historian record year
of more remarkable and extraordinary events SO fur as our
city is concerned than the year closing, The great
merc1i and financial crisis Of 1851 take PRECEDENT In the
midst of health plenty and abundance the agricultural
products Of the Southwest commanding highest prices
without intestine troubles, with Overlooking granares through
out the country with which Connected free from
that produced the TevulsOn 1926 lS3T-hR
without oyertrading, bankngwthout undue exlrava
gance in our living and in personal habits with crops
all forwarded to market and paid for fine no other
but fear and financial contngon the rorgetuness
confidence hN beacon light of community
panic came done its worst and passed eff leaving as
the impregnabty banking system the soundnes
Of community and exhibiting the world the
iDeNibly the sOlyency and puncray our merchants
The panic and evusion attracted the attention of the Pre
dent Of the United Sta his message Congress alluded
to in all the of the chief magistrates each State to
their respective e@aures; called the attention of many
writer's IF emnenc, at last a Committee of the British
House of Commons appointed examine report on The
great crisis which swep the ciyzedworld with all
tue various reports writings debates no two reports
spond The committees of the British Parliament called
their aid in their Investigations the first accountants i'll the
realm The report has only inst been made public from which
take the following extract After stating failure in
England Of thirty houses showing liabilities for forty five mil
lion of dollars and assets estimated at millions the
mtee also remark on the system Of accepting
Besides the failures which from the suspension
American remittances another class of failures disclosed
The nature OF these transactions the system of open
credits which graned-ha is By granting to persons
abroad liberty to draw upon the hou England
extent Ms had been agreed upon them those drafts
then negotiated the foreign exchanges found
their into England with the understanding that they
to be provided for by maturity They principally provided
for not by staple commodities but by bills that were sent
to take them There basis in the transaction
but the whole affair of raising temporary com
and Of capital for the convenience of the individuals
cerned merely bare commission hanging upon it bankers
commission all that the houses England got upon
transactions with the exception of receiving the congnmens
probably Of goods from certain parties which brought merch
ants commission upon them but they found very small
amount in comparison with the credits which were
granted One house. at the time of its upansou was under
obligations to the world to the extent Of about 5000 OOl its
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01
- -. ...c,,.,.,.....,3.z.s.,,.l

...,..,., yss pnger rInOD Ira
''ai W ''1 ~. t'is q taxing S'och ,s "a; H. Hs.e
"''s'7 W. Gn@ny inc granting o. open ,,I,o,, en-,
st'5i '''e'l 20 'e @'""n upon ~ toFeighh L. ht iii al
7N''4'i I's''o" " VI coie'apV'Ae'hsIy D47e nj csar
'"a' " n'u.H DC NHis before vac "'N re Tie
''t q, ""'"ti'S' IN 'neAe cases me ihdne.shi 70 b r
'scsaHc9 commission varying from one'a TO % a a''
"a per cent me aceeptahes afe rendered Q"
DenB uiaco'e" 's "i appear hereafter When 'hs aA' VI
~ uN "e' "'e come unaer our hohee' me '1y,''1
eot ocH SySe'n u nfSt 70 uuuly enhance ""u men "
sustain e price o. conmoaiueS' IApe' nave 0'sh pun ~ "
more nan one q the witnesses exhibiting an average ta o. ~
~ per cent IN many Instances much more upon lhe com
p1n O 'nly lo' WIN January lF38 1t needs no Afsu
~, P ""s ei.'' 'uvi' l"'' mus. uN'' "p'" n''
% % ceP'eu o,'' on !he security OIL produce consequent
e extent oi one INJURED Tunes the amount OIL 'ner own
p'"i,
Another event OF the year has proved most serious calamity
e h1Aon Oh many ouana5 Of acres OF cotton aFdS Inc
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

The following is the law passed by the Legislature
session grating the Citizens Bank the right
bonds Of The State:
An Act ITO eQuaze tile loan mortgage stockholders of the
Citizens Bank of Louisiana by extension of
thousand dollars Of The State Bonds due in eighteen hundred
and ilty.ninen
Whereas by petition Of the mortgage stockholders
Citizens Bank Of Louisiana it appears that large
thereof aredeaved Of the loan to which they entitled
the reyivng full all the rights privileges
the original charters now therefore,
i, enacted by The House Of Representatives of he
State Qf Louisiana, in General assembly c0ure1ej ThB the
Beard Directors of of Louisiana be- and
they hereby authorized EXTEND by Endorsement other
thousand dollars OF the million hundred and twenty five
thousand dollars of bonds Of the State said bank
the first Of February eighteen fifty
the interest which said bonds bear provided
said OF five hundred thousand dollars shall be exclusively
appropriated Ous such stockholders
loans be made under ia appraisement OF the property
ard exceed in the aggregate the hundred thousand
dollars Aforesaid each share, the remaining due
in eighteen hundred aid hfynne the stock which the
additional guarantee to the bold Of said bonds that
which the Board OF Directors may have already
carried shall hereafter the credit of the
FUND.- Of banking department said Citizens
sana under the of the 26 july eighteen hundred
ff y-thrce mortgage stockholders
OF bond extend aforesaid shall have betn paid and
turned to the State Treasurer at the expiration OF the twenty
five years af rtsAd.
Approved March 18th, 1858.
Statements or tie Banks he last Saturdays Of erery mouth for
gears srdia4 he 3lS august.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

STATE or LOUISIANA,
Parish Of Orleans, City Of New Orleans.
BE remembered that this twelfth day Of January 1855
before me- tie subscriber Justice Of the Peace in and for the
CITY aforesaid personally appeared Thos SlOo President and
James Edwards Secretary Of the Sun Mutual Insurance Com
pany oil New Oreans who being duly according law
40 depose ana say That the above just and and
correct transcript from the Books Of said Company.
THOMAS SLOO, President.
JAS EDWARDS, Secretary
sworn to and subscribed before this wef day of JBuu
AIRY, 1853. G. NJ BRADFORD,
Second Justice OF the Peace Parish Of Orleans.
The Board of Directors have resolved pay interest Of
Six per cent in cash. the outstanding Certificates of Profits
to the holders thereof to their legal and
after the second Monday February proxmo Also
clare dividend Of Forty Seven per prei-
urns OF the Company ending 3st December 1851 for which
Certificates will be issued On and after the 18Th March next
THOMAS sLOO President
JAMES D. DENEGRE Vice President
JAMES EDwARDs Secretary.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

The subscribers invite the attention Of City and Country
Dealers to their extensive assortment of Goods adapted
every branch of trade We receive Goods direct from
Manufacturers both Foreign and Domestic, and
abed to offer them to dealers any other house in
the country.
We received by ships Marcia Grssnleaf and other
late arrivals direct from the manufacturers large assor
ment Of
Joseph Rodgers & Sons Fine Pocket CUTLERY.
E. :. RAzoRs, in cases.
:. SCISSORS. :.
wostenholm's Fine Pocket CUTLERY.
W. s. Butchers
Wade Buteher's Fine RAzORs.
English Double GUEs-reaI Twist.
Damascus
Butchers Table CUTLERY.
American Ivory Handled.
Eley's Double Waterproof CAPS.
=. AntiCorrosivs >.
Genuine French O. D. :.
English Bowie and Sheath KNIVES.
Hunting KNIyEs-Ebony Handles.
English and German SCISSORS.
American and English SHEARS.
German SCISSORS and SHEARS, on cards.
Leman's superior American RIFLES
Also, large stock of the following:
Silver Plated Goods.
TEASPOONS,
TABLE SPOONS
TABLE FORKS,
DESSERT FORKS,
CASTERS,
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

in our review for two years past have had occasion
mark on the general prosperous condition of Insurance Com
panies The past has been attended with highly sasac
tory results large dividends of scrip have been redemp
tion OF much scrip heretofore issued been carried out and this
great adjunct Of commerce. thus Of the first
commercial and social security, has attained in
mnnty standing and credit surpassed by any in the world
and equaled bat by few. We boast that
oldest insurance companies the United New
leans insurance Company organized under the Territorial
Government Of Louisiana in the year succeeding the Ceson Of
the Territory United States It's shares-on the joint
stock Extraordinarily of thousand dollars each
Two years since they reduced hundred dollars
tanning the original of capital The losses paid By This
company durug its fifty four years Of existence have been very
large,
Tie remainder Of companies with the exception
Of the Star AMI Hope, conducted the mutual SYSTEM
which thus far has proved very successful with though in
Northern cities there have been misfounos and bad
attending the system, companies being forced into
liquidation every ear
The fir mutual companies the Crescent organ.
lied and commenced business inJuy 1919 The capital lin
tied to million dollars which has been made 1t has
returned its customers in scrip for the term Of existence
million seven hundred and twenty-five thousand dollars and
redeemed all scrip the year 1856 The scrip dividend Of
the ending 9h June last 60 profits for
the year S5l 900 losses paid during the year s35OOO
The Home MGa organized in January 1852 The Limitation
otcapa 100000 which is all made up. The scrip dyi
for ye4rs business IS per cent The losses
paid S2236OJ earned profits for the year S100 The
total assets the close of the year SIll3,O1O.
The Merchants Mutual Insurance Company foreerly The old
joint stock compsny Merchants Insurance Company ncorpora-
ted In 1929 recognized Ia 1854 1t has great
success doing large business The scrip issued 1896
has been redeemed and y Of 1857, and work
ing assets Of 81 The scrip divide for the last year
ending the sls Nay, was s. per cent
The Louisiana Mutual Insurance Company organized and
rneaced bnsiuss March 1854 business year ending the
last Of February has good and reiabe the
S672O0O TIE profits year $2G3OlJ dividend
scrip t2p cent aud The scrip Of 1855 redeemed in May
The sses paid the last year amounted TO $4,000.
The Nuagal MA
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01
INsgRAMGE.
SEcoGD ANNUAL. s'TATEMs9T
raE.-
wv MUTUAL I&a UR4vcg CoMP4EY
on szg ORLEANS.

New Orleans January IL, 1883
~ conformity with the requirements Of their charter the Sun
Mnuu Insurance Company publish the following statement:
Amount Of Preragrns received Ryr the year ending
December 81, 1851. ..,,,..,.-.. s-07 75g n
Amount Of Differentiated Risks 1856 IgI 81 81
Tota! amount Of Premiums for the year ending De.
o'~Dorsi' - ' s227sI 81
Vlz-For Premiums on Fire Risks.... 1892 2l5 p
Marine Risks. 243296 T3
80. p.,.,,....-,. - s8O9,751 81
december 81, 5I.,.................Sllt,2Z T 90
Return Premiums .............,.,,,.,, $3.50 81
49, : sli7916 81
Net Earned Premiums for the year ending Decem-
Losses PAID during same period viz
IN Flrt hlsks. .SlZ3, $50 81
On Marine Risks......... Ql7I1 Gg
On river hlsk5'.....,... llO2i7 81
Reinsurance, expenses, Interest on
Scrip less interest," discount, ETC.. 23,6T3 SO
90 - : ss4e,762 70
Net Earned Profit for the year ending December
81 1891 1920 SO
Tho Company have the following assets
Invested In Bank Socks....,9....,.. $40 4E3 90
Invested in City and State Bonds l20 53 80
Loans on pledge OF Bank Stocks 3i59U7 l6
a receivable at short time premiums 164 $50 65
Bllls receivable balances due subscription
Premiums due in course Of 2505 10
Insurance scrip OF other Companies. 4h9O 90
Cash on hand. 1860 81
Total amount of assets ............... s8i9840 %
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

NEUTRALITY-SUSPICIOUS.
ODireet importation from Rheims.
trade. Orders received and transmit
A. a. Ne
tSt9
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

GREEN SEAL WINE.
For sale in lots 10 suit The
"a by
ms L CO.,
No. 30 GrsyisT streetA
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

Emile T.ASere. Fifty shares.
John NJ Bell. Fifty shares,
J. w BurhFidge. .......,.....,.... Fifty shares
j. L. Warner. =. ..........., Fifty shares
Lionel @. Levy .,..,..... Fifty shares
W f. ........,........ Fifty shares.
Duncan F. henner. ...,..... 800 FIFTY shares
Alfred Penn, per pro- Emile LaSere Fifty shares.
John Slidel, per pro, Emile LaSere. Fifty shares.
P A. HaTgous,
Per pro. j. P Benjamin One hundred shares.
j. P. Benjamin. Fifty shares,
] d. Depegre... titty shdres'
r U. Hebert. . .. Eiity sthTeS.
undersigned Recorder Of Mortgages and for the parish
city of New Orleans eeres that The within charter
recorded this day in his Office in book society Ne 4 folio 4
JOHN HOLMES, Recorder.
Newt Orleans, August 4, 1857,
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

TT'HE ImPROVED mcCHEsNEY WASH
ING ADMINISTRATIONS and for sale by the sub
scriber Orders left 10 Apollo street, 29 Magazine
IN Box 46 Mechanics Exchange or at the store Of
James Collins IS Apollo street. where specimen beBeen
will be promptly attended All ask OF the public Is fair
trial and il they give satisfaction,
u No. 10 Apell street.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

New Orleans, January II, 1858.
requirements Of their charter, the Sun
....i.II.t. 4. I. r..lts.,..;-,.. a ..........
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01
FANCY GOODS.

IS AND 81 COMMON STREET, NEW ORLEANS.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-09-01

On the conveyance this Company by said Trustees the
said rights in said Garay and Soo grants accordance
said deed q trust the Board q DIRECTORS shall issue said
Trustees the aforesa millions paid
for purposes Of said and said shall be
cred in all respects paid in cash; the
said said Directors further issue
said Trustees for the purposes Of said trust tina eight per cent
bonds of the Company for million Of dollars
That portion Of said bonds which under the provisions
be used for the payment Of the debts liabilities
contracted upder the Soo grant, shall appropriated to the
satisfaction Of such debts and liabilities TO the parties
whom said OF said required
convey the same Of their uncontrolled
discretion may think proper nay being distinctly
stood that this Company the payment debt
contracted by persons, under
either the sad s0oor aray grant, except povdedin ha
eighth article Of this charter.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-27
plreet Trnas win nnrope.

the following communication on Direct Trade
from G. G. Baylor, Esq, o. S. Consul at Manchester,
England, addressed to Gen. B. H Rutherford, chair
man. etc, was read before the Planters Convention,
recently in session in Macon, Ga.
Consulate OF TIVE listed sFAFEs q A isEg
UNoFFIc1An-My Dear Sir A friend has fur.
nished me with the Organization Of the cotton
power" being presume, the outline Of an organi-
cation Of the planting interest for its own protection
u IS needless for me to say how entirely your aims
coincide with my own on the vital Importance of
direct trade to the planter But my object is not to
interchange views in common upon this interesting
subject My object is business action, and that with
out unnecessary delay. Anticipating the reaction
which know must sooner or later take place in re-
gard to the present suicidal commercial policy Of the
South have succeeded 10 organizing in advance the
very means OF cooperation with Europe which you
require
The bankers in London are most anxious to see
the cotton power a distinct and Independent clement
aud speak from the highest authority when inform
you that your ideas and purposes are warmly sup
ported in Europe by parties possessing the necessary
capital and facilities to carry the thing through
The joint stock bank system in London is complete
success. | know gentleman who is one of the
Directors of the London and Westminster joint stock
bank, who entirely concurs in your views. The vice
chairman OF another leading London bank enterains
the same opinion, and more than one house in Liver
pool are friends Of direct trade with the American
planters. On the continent of Europe at Bremen
Hamburg, Antwerp, Hayre and Amsterdam we
have friends. But the question is no longer to
talk, but to act. | have therefore to say to you,
ana you are authorized to convey the information to
the planters OF your association, that any agent hav
ing your confidence whom you may appoint to go to
Charleston or Savannah will be forthwith furnished
the very best European credit from every port on the
continent of Europe, duly confirmed in London to
enable these agents to make cash advances upon your
cotton. | am going over to London tomorrow, and
from there to the continent, to see our German
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-27

our Yicsburg friends seem dispo ed Is try and get
" boaor s I'LL cotton they s6ipaaw shat Tue jackson Rail,
been the way, what amounts to the
eadeavorng kll o tie regular packets, free them to
a ID o Yiaks5nTe gho are eepy Interested III Keep.
ihg MP hsne line 81 boats ia the world viii not ii any
Tsgaar pseasis, Is ihey Hhold TIN. d. Crescent.
Orr friends Of the Crescent are slightly mistaken,
Neither the people Or the shippers at Nicksburg
are endeavoring to kill off the regular packets
The people ana the shippers think one dollar bale
freight on cotton is too high and they are deter
Rlined to reduce it IF they can
The shippers at Memphis 500 miles from New
Orleans pay one dollar bale, and the shippers at
Kckshnrg think that il bale Of cotton he trans
ported 500 miles for one dollar, rs cents is ample
compensation for carrying ID only halt that distance
Whether they are right Or wrong in that opinion, is
however, not the question. 1t is simply this shall
the people Of Yeksburg exercise an undoubed right
and employ those who shall work the cheapest, Or
shall they continue 20 pay whatever may be de-
manded Of them2
Our people are proud Of The finest line of boats
id the world, and would gladly see them prosper
bat they will hardly ship cotton at one dollar by the
packets, when others take it, as they do now, at
% cents.
II the packets cannot carry freight as cheap as
other boats they cannot be expected to be employed
That is the whole question III nutshell, and it is
one Of very easy solution,
The above comment is from the Yieksburg True
Southern of Tie GOTH aud we publish it in justice to
that journal We have no particular remarks to
make for the very good and sufficient reason that
there Is no particular point involved in the contro
versy which refers to US directly. We must say,
however, that We don't believe Is cents per bale
viii pay, and what don't pay is bound to fall
through ia the long run The cotton shippers Of
that place may obtain cheap boats for few months,
when there is rush Of freights but as soon as the
season i partially over, spch boats will retire from
the trade. and then they will be obliged to depend
almost exclusively upon the packet lines. In such
On event, suppose the owners Of the finest line of
boats in the world should conclude to qaadruple
their rates, what would the Vieksburgers say2 We
only throw out the suggestion incidentally to show
that generally there are two sides to question.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-27
Tl,e northern pc,nocracv.

rFrar1 tia, Charleston Mercury
I - en- - 60 s5 - - L.,
we eaepG 20 EnG careful Pers25 o5 cur leaueTs
W. p'iII,To M VI1 S'ist 't i s
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NY e5awleu anu paEfu loL PaL1on anu MY VII
a3tlu@n' promises u aSug 4oobeligV lucy Loi w
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w lAti'12 GIt'TsGs 49, M Pae96Gu NE %
~ MY 10 ts iolo va r SS ~ ~ i u; ~ .e
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New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-27

MosN York Rolitlcs.
From Che New York Times Of the 10th we extrac
the following intelligence:


From the New York Times Of the 10th we extract
The following intelligence;
The Young Mems Democratic Union Club ratified
the State and county tickets oil the party last night
by an imposing and spirited demonstration, at the
Palace Garden. Speeches were made by the Hon.
Anlasa i. Parker, the candidate for Governor, the
Hon. Jetteraon Davis OF Mississippi the Hon Elijah
n. Ward, the Hon, John Kelly, and Major Van Beck
Subsequently, the Club serenaded Mr. Parker and Mr..
Davis and were warmly received by those gentlemen
at their respective places OF soiourn.
The Conference Committees of Republicans and
Americans, who have been arranging for a union Of
Ehe Opposition vote npon an Opposition candidate
lor Congress in the Third District, agreed last even
ing npoa recommending AmorJ. Williamson, of the
Second Ward. suitable for such nomination to the re.
apel1ive conventions The Republican Convention,
which also met last evening at the Fifth Ward Hotel
accepted the report and then adjourned to this even
ing when both conventions will meet aud make u
formal nomination.
A union between the Americans and Republicans
up0a candidates for county officers was completed
last evening BY the action Of the American C0nyen-
ZION, which Endorsed the nomination made by the
Atepnbheans and nominated, as the portion OF the
ticket assigned them, a County Clerk District At.
tomeys and Two Coroners. The united Opposition
ticket stands thus: Sheriff, William HI. Al6ertson !;
county Clerk VIM Il. Davidson; District Attorney,
Anias Andrews Supervisor Thos Little Coreners,
Shas Riddle, DR., A, NJ Van Iier, Dir. Edward Hail.
DIR. jas, s. SeOfeld
mass meeting Of the friends of the Hon. Gerrt
nltli was helu last evening az the Stuyyesaut insti
tute, Broadway pursuant to call published in the
morning papers An audience OF about thirty per,
sons attended and listened to addresses from Sidney
A. beeIs, the Gerrlt Smith candidate for Lieutenant
governor, pr Max laugensehwarz and others. An.
Other meeting was announced to come of shortly
The Eighth District Eammany Congressional Con
FenIl0n iast evening nominated *. Alderman Herriek
onthe second ballot. phere was slight row ii tbe
Convention Nh Busted left abruptly, taking with
him some resolutions which he had offered and which
had been tabled He was pursued into the street by
az egasperated crowd OF outsiders, and was OBLIGED
to take refuge IN q stationhouse.