New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-01-01

| There are some comments made regarding the
award of the Commissioners of the Consolidated Debt
in the disposal of the bonds yesterday. There is
| no occasion for complaint. The Commissioners de-
| liberated with open doors-considered and debated
| the various tenders with the public notice. The
course pursued was in accordance with similar bodies
in other places Unconditional proposals in all cases
and at all times have had the preference. desire
of days notice might be extended to ten or twenty
days. There have also been remarks made by those
who did not propose. 1t is suggested to them that
as they wanted the bonds at s., they had better
when occasion offers again, to put in three or four
proposals, and they may obtain slice.
There have been larger offerings of uncurrent bank
notes, 1--WE do not consider all of them as money!
which have been readily taken at our quotations
The increase has been in Kentucky Ohio and Indiana
bank notes, which, it is supposed, have been sent
here because there was no exchange to be had. In
Georgia. North and South Carolina bank issues, the
offerings have been about usual at this season of
the year. With the current rate of sight funds on
New York ruling at J a discount, the rates of
Southern Bank notes have improved. In the quota
tions for bank notes of Tennessee all the free banks
worthy of credit are cassed with the old banks of
that State.
In uncurrent coin there have not been any large
transactions The sales of American silver coin over
the counter have averaged $4,000 5pday. Of course
our remarks made some weeks ago, that there would
be decline in the demand when rates reached a
discount, confirmed. There will be an accumula-
ton of the article henceforward. The new regula
ton of the mint to allow only 81 81 y OF. will have
| no influence on the supply and demand. The Treas
ury Department of the United States might as well
undertake to control the clouds and the rain now
falling as to create value standard for currency
which is not recognized by legal statutes. Our Leg
islatures, with Mr.. President Buchanan, comment
largely on oyerrading and the multiplicity of banks
and the quantity of paper trash issued Called money!
throughout the country. AS we do not in this good
State of Louisiana take any part (no the least iota
of these complaints, we have the privilege of speak
ing freely on the financial views and recommended
tions of our rulers, and have, therefore, merely to
suggest that they suspend prating about paper cur
rency, and walk right up to the stand and enact
law increasing the legality of silver coin to twenty
five or fifty dollars and if issues of the thousand and
| one paper machines, denominated banks, are not
driven out of circulation, we shall be content to
acknowledge we were mistaken in the desires of the
people and the working of sound system of finance.
In land warrants there has been good demand
this week, with some parties a brisk demand. The
same remark will apply to State land scrip Sales of
internal improvement land scrip have been made at
81 so acre. OF school land scrip rates are higher,
and we quote 81 so a - 60 U acre. The value of
this scrip, however, depends mainly its location
The different districts all having different values
The greatest demand being for that prolific region
Northwest Louisiana, which is moving onward with
the most brilliant prospects to emnence in the cul-
tiyation of cotton.
The receipts of coin and bullion this week have
been limited Mexican dollars in request at our
quotations. Bullion and uncurrent coins of all kinds
are purchased to any amount by dealers.
We annex our usual weekly quotations of coin and
uncurent money being the rates of John Wood, cor
ner Camp and Common streets:
GOLD AND Silver.