New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-14
1rltaus 4altp GrRsteni.


u
rain that fell during the forenoon which interrupted
the general business Of the day Yet in the foreign
department Of trade there was very little inclination
to move owing to the delay in the receipt Of the Eu.
ropean adyices Of the 9th uIt. With factors and
their employees the business Of the week had to be
brought up and the usual Saturday work gone
through. On yesterday morning we laid before our
readers the adyces by the Persia from Liverpool re-
ported as having arrived at New York on Sunday,
which would make the passage nearly fifteen days
The cotton accounts are not satisfactory, Middling
Orleans being quoted at i'd, and decline on lower
qualities of an eighth to quarter. This is supposed
to be for the week, though there decline quo
ted under date Of the oath by the City of Washing
ton. This confirms our views Of these half weekly
dispatches, militia accounts. They IS likely
to be favorable unfavorable Dispatches to several
parties we learn, were received yesterday, after the
delivery of the Persias mails in New York and from
the general talk, we inferred that buyers or the
Bears would not operate unless at concession in
prices The facilities for negotiating exchange
free and freghts in favor Of buyers but whether
the market will recede or not will be determined to-
day. The New York operators are double Shooting
their missiles, and, from what oracle Wright and
the Talcotts say in their last circulars we may ex
pect heavy broadsde from New York in the course
of the week. General Wright comes right out and
says that the conclusion is the quantity of cotton
grown this year will exceed the (then) prevalent
estimate. We admire the Generals frankness for be
confirms what we said some weeks ago that be would
change bis views but whether this change is brought
about by total clearing in sales in tTan8itu we can
not say. But learn that the last steamer carried
out estimates from New York Of 3Y6OOO 900 bales.
Although the weather yesterday was somewhat I'M
favorable yet the crowds the great thoroughares
were large. It is almost wonder and astonishes we
old fogies, from where SO many thousands of folks
come. We talked weeks ago, of fifty thousand add
tional to our population The increase is one hun
dred thousand, and charging daily. Reference is
made to our marine register for two days past Count
the ships barks schooners and steamboats, which are
there reported It useless to reiterate our views Of
the progress and increase of the business of the Ores
cent City. And having given the general public the
talk Of the day, may be permitted to aIude to per-
soDal events.
The last New York mails bring intelligence of the
! death Of Benjamin Marshall, aged rs years formerly
a distinguished merchant of that city, which event
occurred near Troy, on the I'd of this month. Mr..
Marshall was born in England and came to this coun-
try at an early age, settling in New York where he
engaged in commercial pursuits, attended with more
than ordinary success In the year 1919 he in CON
junction with the late Isaac Wright, Francis Thomp.
son, and jeremiah Thompson, established the first
regular line of packets between New York and Liver.
pool, consisting Of the ships Amity Albion, Nestor
and Courier These vessels were the original Of the
line now known as the Black Ball line. All these
gentlemen were Quakers, After the year 1924 Mr.
Marshall, with bis brother, Joseph Marshall entered
largely into cotton manufactures, building three or
four mills near Troy, and from peculiar tact and
skill, they were generally highly successful Joseph
Marshall having previously been largely engaged in
manufacturing pursuits in Manchester, England
came to the United States subsequent to the yeal
1920 For several years after the great cotton crasI
of 1926, Mr.. Marshall done considerable business witt
the South. To this city particularly be forwarded
large quantities of his manufactured goods for sale
ordering the proceeds at all times to be invested il
cotton, and that of the best quality. The writer o
these remarks recollecs receiving in the fall of 1926
a special order from Mr.. Marshall for 100 bales o
choice cotton to be delivered in New York in time t.
be forwarded to his factories Troy before the clos
ing of the North river by ice as there was no way
transportation in those days only via this river Thi
cotton was to keep the mills employed during the
winter The writer contracted with the late Johl
Linton (Tikins & Linton) to have the quantity in
this city early in October which was complied with
from the plantation of Adam L. Bngaman, (Father
land) near Natchez for which from its choice quality
and special requirement, 123 cents was paid being
nearly one cent above what the market opened at il
the month Of November following,
Ii all the requisites of merchant Mr. Marshall wa
able and distinguished, At what time he retired
from mercantile pursuits We do not recoIect. It was
however subsequently to the crisis of 1885, he having
amassed competency There are but few of the ole
school merchants left at this time Joseph Marshal
died several years since.
In allusion to the old line of Liverpool and New
York packets, the old Quaker firm of Cooper Ben
son 4 Co.. Liverpool, was largely interested, ant
were the agents for many years. 1t was in thecount
ing-room Of this then distinguished firm with Rath
bone, Hodgson Co., Of the same place, originated
the great and unprecedented cotton speculation in The
year 1926, which caused such widespread ruiz
throughout the commercial world, and is truly re
membsred by many of our old citizens, with its great
and unfortunate results