New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-06-02

Eds Crescent BY recent among the several
Bank Note Engraving Companies Of The North they have
united their forces into grand monopoly with
view they to the greater security TO The public vel
banks from the evils Of countefeitng advantages
to the said public and banks arising the
of the business of supplying The enesPer currency Of the
country.
This perhaps enough far goes but the true
Of this consolidation f. that themselves
profits with less Expense, and which lays
surface is usual such the writer who has
rience will endeavor 10 show.
Some thirty thirty five years ago. business Of Bank
Note Engraving and Printing conducted excu-
svely by the old Philadelphia firm Of Murray Draper
AN Co. The Now England Bank being executed in
Boston, Ia style probably well remembered by the
thai section In 1875 Whereabouts the firm Of
kins established in New York city, the rm Of Raw
don CLARK Co. he present Rawdon Wright. Hatch Ed
son. doing ordinary engraving business In Albany
The Safety Fund Banks of New York Stare being
about that time fifty banks) bust
thrown the hands Of the Albany through po-
tea influence obtained by the of Mr. Hatch
thus was the present hrm Of Rawdon, Wright Hatch Edison
established solid basis They purchased The entire stock
the unsuccessful firm of Dursnd Perkins, and
New York city, where they have since enjoyed the largest
amount Of patronage Of oher firm in the county,
ngther branches North Eas West and South Obtaining ~
OF almost unlimited capital the business Of local banks
and by political connections Federal Govern
nen Treasury notes etc., when controlled by Democratic ad-
mnistraiIons their principal competitors being the
Toppan, Carpenter Co and Danfoh. Wright Co.. of Phil
adelphia.
The public of extent the sharp competi.
ton between these rival establishments. They absorbed
best talent Of the country which constantly engaged pro
dacing the perfect of which capable the
utmost study aid .areful attention paid
tail of every department Of the business hence the
perfect and beautiful specimens paper money known
world.
Now this keen competition has been and
continued expense only the log rolling department
but In the employ Of best designers epgavers
ehnists and printers heavy salaries constantly en-
gagged the production Of work. each taxing ca
acies Of its employees their excel their
rivals 10 the production Of sems the purchase and use
Of the costly Materials travelling expenses agents and
partners being constantly the qa rre purchase Of
stock banks TO obtain their patronage sold loss per-
hsps, In Wall street. advertisements ETC. etc. all Of which,
nearly ALL will be saved the associated company which,
having competitors and commanding all
nation, win dismiss most Of their employees fall
accumulated stock Of thirty Yeas own terms
North and South and will inevitably exhibit falling Cd 10 The
style and character Of its productions will thus instead Of
securing the nation muuuy from the danger and loss
from connerfeifng s evils will be very
obvious TO the Initiated The Banks of
their res this Northern monopoly. There aeat
and experience Ia the South city, lacking only
encouragement and patronage all they require with
satisfaction to themselves and security the public
thereby not only saving the South The
tribute annually paid TO the eNergrown establishments
North but aordng employment sud encouragement sadly
needed 70 citizens. Yours X
New Orleans Nay 81, 1855