New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-31

r. A. Giraud 4 Co................. 4l,t00at Sc
Avegao Binder l20660 at 81 O5lOO
Samuel smith q CO. .,.lD.0OO at u
The award was made to Messrs. Avegno, Binder &
Co., their bid being straight out, with no conditions
attached The bid of Messrs. Abat Generes & Co.,
was conditional The money Zone hundred and four
thousand and odd dollals) was paid within twenty
minutes after the award which eongratulatory evil
dence that the moneyed men Of New Orleans are
prompt and faithful in their operations.
There have been many inquiries regarding the
Cashiership of the Branch of the Citizens Bank to
be located at Shreveport. As usual, in such cases,
there are several applications from the interior with
many in the city. For the information of all appli
cants far and near we have to state that the ncumb-
ent has been selected, and from what we know of
him, we confidently believe that the right man for
the office has received the appointment The branch
will not go into operation till sometime in March or
April or possibly later Many preliminaries must be
encompassed before active operations ensue so they
in Northwest Louisiana who are DESTROYS of avaing
themselves of the advantages of bank must wait a
few months. To speak plainly and unreservedly, we
say that branches of banks heretofore located in the
country have invariably proved an incubus on the
mother or principal bank We have yet to learn that
branch will in the present instance result in any
great benefit. Located 1T will be, in compare.
lively newly settled country, applicants for favors
will embrace large and extensive section of country
in which there is some of the first cotton land in the
world, and the branch may expect a large array of
patrons. We expect to learn of complaints before
the branch is six months in Operaton-that Mr.. Jones
has preference in some way over Mr.. Smith that
Mr. Browns bill on his merchant in the city has been
declined, and possibly neither drawer drawee may
not be worth red and though the directors and
officers of the branch will pursue just and impair
tial discrimination, and mete out equal justice to ALL
we shall expect to learn of complaints of the disap
pointed Ones and general denunciation of the
laid down for the guidance of the branch though the
principles on which it will be conducted are strictly
in accordance with the true principles of banking
and even if the managers impartial and as pure
and upright as angels theywill not escape reproof
Our Insurance Companies have from time to time
been accused of have been the target as
it were for innumerable missiYes of denuneiation
from parts of Northwestern Louisiana. Many re-
proofs not founded on reason have been INDUCED in
with freedom; and yet our offices have never made
dollar by taking risks Red river or for the trade
connected with that great and important artery of
commerce. To remedy the evils and presumed in.
inhabitants of Shreveport and vicinity organized an
Insurance Company, which we hope will relieve them
of the manifold evils under which they labor 1t is
therefore, suggestive that to increase and extend
their financial facilities they organize bank under
the general banking law Of the State for it can be
safely asserted that one bank conducted on the most
just policy will not be sufficient to meet all their re-
quirements. If country friends get a taste for
banks and banking, Shreveport and its rapidly in
creasing business will not rest content with one
branch or one bank
In one way another it willrequire large advances
to move the yearly increasing business which will
concentrate at Shreveport. 1t is believed 100000 to
10000 bales of cotton are concentrated at that point
at this moment and this ought to be sufficient to
create bank without application being made to New
Orleans for banking facilities.