New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-02-10
Ieh ORLEANS 1aiIp Grsstsnt.
MORNING, FEBRUARY 10. LEE.
Talk on Change.

The talk yesterday was of q varied character.
The Arabia advices seemed to be the chief topic
when they were duly reflected on the great advance
in cotton could hardly be realized The large private
dealers in exchange do not disposed TO encour
age exchange operations on any great advance in
cotton, nor do the banks seem willing to hazard on
the reported advance. general disposition pre-
vailed yesterday to wait further advices by the
steamer Indian which was to leave on the 9th ult.
for Portland. The City of Baltimore was also to
leave on the same day for New York. The next
Cunard steamer is the Niagara of the 3oth ult for
Boston via Halifax. We may receive her advices to-
day.
Much regret is expressed at the withdrawal Of the
Collins line of steamers. IT appears to be fixed
fact that those splendid steamers he pride Of all
good Americans and the admiration of the world we
may sa) are forced from the ocean by the contempt
ible parsimony of our government While millions
of dollars are being squandered On books printing
and other contracts by Congress, reasonable appro-
prations to conduct the foreign mail service cannot
be obtained. We shall now be at the mercy, as it
were of the British Government This is part of the
sequel of the British intrgues in Central America.
The following, from New York paper, tells the
entire story:
There have been various rumors current in this
city for several days in regard to the company owning
these American steamships all pointing towards the
final breaking up of the line 1t appears that the U.
s. Government has declined to entertain any neRota-
tions for a renewal of the mail contract, which
expires in June, and that an officer in the service of
the company vent out in the Baltic on the 10th ult
to see what could be done toward efecting sale of
the vessel in Europe. Report says that the losses of
the company have used up their available means, and
that their bankers, Messrs. Brown, Brothers & Co.
have declined to make further advances without ad-
in the former achievements of the steamers engaged
in this line and, although there has been less good
fortune of late, there is still strong desire mani
Tested to have the service continued. OF course no
one ought to expect the gentlemen owning these yes
sells to run them at the expense of their interests
and, if the experiment has failed after all the assist
ance which government has rendered we do not see
how the succession is to be continued. Perhaps il
the fairly placed before the country some
plan Of help might be devised upon which majority
could be united.
The talk was, however, that Queen Victoria
Government will continue to favor us with weekly
communications with her dominions, and the Cunard
line will have good share of the trade subject, how
ever to the opposition of the Canadian line and the
screw steamer now running to NewYork, and another
English company contemplate to put on another line
of propeers In fine, the talk is that these English
screw steamers, propeers, will drive one-haf OF
the American sailing vessels out of employment
While they are about it, some company might find it
advantageous to start line between Liverpool and
New Orleans. Competition is the life and essence oil
commerce.