New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-02
Nth @rItans 9aiIp Grssttnt.

Nth @rleans 9ailp Grtsttnt.
TALK ON CHANGE.
The chief talk yesterday was the great confagra.
lion at the Planters' Cotton Press and warehouses.
This is the first desolating fire We have had among
cotton bales for some years. The last was the Ala
bama Cotton Press in March, 1854. The general in.
uuiry was how much cotton was destroyed, who were
The owners and how will 1t affect the scrip market
It does not make much difference about the value Of
scrip. but the talk was the insurance Offices are
abundantly able to pay on demand to-day all they
are in for. The actual quantity Of cotton destroyed
or otherwise damaged, cannot be arrived at for some
time. Several patrons Of the press, or those who
generally have stored In the warehouses did not hap
pen to have bale Of cotton on hand others only |
had few bales, while some had good parcels. |
Planters and others residing in the country need not
be under any apprehension when they receive &C. |
counts Of the disaster for the impression exists that
every bale Of cotton destroyed is fully insured unless
orders to the contrary have been gven This disaster
makes the total loss OF cotton from fire since Septem
ber last 81 800 bales. We may have accounts Of more
fires at sea- which, with the cotton lost and wrecked,
will exceed $4,000 bales.
In our talk few days since we alluded to the
Mexican Gulf road, calling the attention Of our ct
and capitalists to the great importance Of ex
tended facilities for the great and increasing trade of
CITY, The advantages of this road to the future
prosperity OF New Orleans have never been inves-
tigated only by few persons its importance is not
at this moment fully understood. It is hardly neces
say for us to recaptuate the distractions and great
injury to the business OF our city, which have been
the theme for nearly three months of committees of
our public bodies going to Washington, to Baton
Rouge, nor the debate in the councils Of our city.
1t is not generally known that there is charter in
existence having the most liberal privileges for the
construction of railroad from the upper limits Of the
Third Dstrctto the Gulf Of Mexico that it is now
known under the cognomen Of the Mexican Gull
Road !" that it possesses the most liberal franchises
that it has now road in active operation for q miles
to Lake Borgne, where the General Government is
erecting forts and Notifications. The privileges and
charter Of this road can be purchased for very
derate sum. We have ascertaned through our talk
that this road can be purchased and finished to Nine
Mile Bayou, opposite Cat Island, As miles from the
city to deep water, for the very moderate sum of
100000, and some say for $450,0OO, but we are viii
ling to allow the half million, and add $l5O,Oo0 in
addition for contingencies. The advantages of the
ciated by dollars.
On reference to the map we find that from the ter
minus at Nine Mile Bayou the distance to Cat Island
is five miles, in the harbor of which there is 40 to As
feet OF water, with a good anchorage. From the
Nine Mile Bayou to Bay st. Louis Is miles, to Pass
Christian Is miles, to Mississippi City ~ miles, to
Biloxi IS miles, to Pascagoula so miles. These are
the distances to the avorite watering places or
| m RUt We havo ofo plo ont
the terminus Of the road for summer recreation,
while enlagng the facilities to meet the increasing
demands of commerce. To extend this road to the
Gulf coast brings it at to 10 and - feet water
close in shore, and to the contemplated harbor the
road can be extended at moderate expense to ad
nit vessels drawing IS to 20 feet. By rough esti
mate the business and commerce, the detention o
vessels, the wear and tear the bars at the mouth
of the river since the middle of December have suf
fered not by thousands Of dollars but by hundreds
thousands, yea even up to millions, for the entir
season and onethird of the amount lost would hay.
given another outlet and inlet to our mighty trade
and furnish our citizens with most agreeable ant
convenient summer resort on the sea-shore at the
very moderate price, say dollar. The talk is il
it nots worthy of consideration, this Mexican Gul
Railroad? We shall have some further talk regard
ing it, and trust our talking will lead to action
There is not in our view, any rebuting to the ques
tion that our trade requires more outlets to deer
water.
There were some dispatches received or announced
yesterday, which were especial in all respects. Ii
our peregrinations yesterday we did not learn tina
any merchants had been advised of the moving of th
Tlissspch armies Our own impression is that ou
leading bankers and connections of foreign house
will receive tie va, accounts early Presiden
Buchanan at Washington ~. oe pellef IN the aas
patches is shaken from the fact that yesterday was
the lst of April and pork had declined fifty cents
per barrel in Louisville and Cincinnati Though VIZ
believe that hosttes will soon commence in Europe
and hard war follow, the intelligence of opposing
armies marching has not yet come to hand.
The mails failed yesterday. The arrivals Of boat:
from the West continue free, and our marine list in
dcates several arrivals.
The accounts from the mouth OF the river are thai
most of the outward bound vessels which were de
tained have got over the bar. 1t is strange, yer,
strange; in fact we do not understand how so mucf
water happened to be hand as soon as the contac
and the ST. 900 were disposed Of Some folks talk
though it was very queer. As for ourselves, we con
fess that the oil of the Mint has most transcenden
qualities.
| j. j, HOOPER. ESQ. nf the Montpomerv pnoiI