New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-16

general position of the other banks will not vary
much, relatively from these figures.
On the street. or through brokers' there were sales
of paper to-day by party Of 100000, another of
$50 600 and another of SIS O0O averaging 38 cent
The greater part having twelve months to run There
were also sales of other kinds-some maturing in
1860 "a good way off by-the-bye) at U cent. All
the street sales to-day will foot up 100000, so that
in and out of bank the transactions approach the
highly respectable figures of threequarters of mil
lion Of dollars.
In Stocks to-day there were sales Of
25 shares Citizens Bank at. 1879
lgl Bank Of Louisiana .l52I
1923 Louisiana State BAnk l6J5s
100 Bank Of New Orleans
with some other negotiations astr.
The Exchange market was dull today-ineffably
dull. Drawers advanced their pretensons so fast as
to close down on dealers who did not feel disposed
to pay over 1Os a 1888 a 1851 even for the best of
signatures. For direct remittance higher rates are
exacted, Document billsare quiet--they range from
lO7 a 1913 and 1879. We heard of a round amount
Of clear sterling being taken at O5 Francs are with
out change and range from 5,27B q 5.25 and 5.225
Domestic funds were rather scarce to-day the offer
ings were light, yet some round amounts of Bank of
Mobile checks on New York were taken at ~ cent
dis. The counter rate for checks was dis. and out
side figures from a 1915 dis. with little or no va
ration in go day bills which we quote FROM IL and
Ia dis, for double AT q Al, II for good and a n
for good to fair commercial bills
The annual election for directors Of the Bank of
America was held to-day, when the following ticket
was returned for the year 1853:
Messrs. WIN. G. Hewes; J. Viosca, retired mer-
chant A. B. Carpenter, Of Lobit " Carpenter
commission merchants ; John Hughes, ship builder,
Algiers L, Folger, hardware merchant William
Whann, of the important commercial branch tow
boat business G. B. Payne, agent Southern Steam
ship Company Leon Queyrouze, grocer; W. b.
Schmidt, Of Schmidt & zeigler, grocer5 Charles j.
Leeds, Of Leeds foundry Charles Cayaroc, foreign
import and export trade; E. Fl. Harris, of W. S
Wright & Co., western produce and Aug. Dessom
mes, Of Talamm & Dessommes, dry goods.
The various trades of our city are well represented
by this ticket. The experiment of a bank located
down town has fully succeeded and the stockholders
look for dividend next month Of 5 or ~ cent
and though denominated small team, it will pay.
From time to time we hear of the merchant princes
of Boston, which also include those of Salem, Bey-
erly and Marbehead. We have also heard within the
past two years of one merchant in Boston having
ready money on hand to the amount of two millions
Of dollars, but gave no credence to the report It,
however, appears that there was basis and toun-
daton for the report, and that the decease Of the
richest man in New England brings to light that the
report founded facts, as appears by the sworn
appraisers of the estate of the late Ebenezer Francis
who died in Boston on the Goth Of September last
The merchants of Salem, Beverly and Boston were
largely engaged in the foreign commerce of the
United States, The East India trade was at one time
monopolzed by them. The war Of lsl2 however,
laid the foundation of many fortunes, and many Of
the patriotic and enerprsing citizens of New Eng
land embarked largely in priYateering during that
eyentful crisis and the priyateers fitted out from
Salem and Boston performed prodigies of valor in
sustaining the honor Of the countrys flag and at the
same time making tremendous inroads on British
commerce, resulting highly peeunialiy to all inter
ested, Many of those great estates Chose personal
fortunes Of the merchant princess were laid during
that war. Whether Ebenezer Francis was or was not
concerned in priyateering we cannot determine but
the patriotism and love of country Of 1912 does not
at this time predominant in New England. With this
ntimation and without abiding to the foundation of
fortunes laid in the African slave trade we give the
following items Of the rich mans will: