New Orleans daily crescent., 1859-11-11
Ns6 0rleans DULY Crescent.
ge@ 0rleal,s Ttloneg 5tlarhet.
FRIDAY MORNING, NOVEMBER II, 1850.
cszscEss orrcg. No. 70 Camp sire

f-c'''So Csc''F's'~ve
cREscrsz oryIor No, 70 Camp street.
Thursday Evening, Nov. 10, 1s59 ! |
The offerings for discounts with the hanks to.Jav
were heavy 1t is manifest, Or rather Il will he he.
fore long, that all the resources and ann,;ances a,
our banks will be called into reon;u;tian =, 49,.
the produce. We observe that one y our ,,ror,;.
nent banks was only about 800 900 above line tbs
morning, and that another of the old banks was ono
million and quarter above line. II botb tbaaa
banks alluded to worked together, thew could
WELD great influence in more ways than one brt
all our banks work independent of each other
which is the crowning glory Of the banking system
Of Louisiana.
On the street there were some very limited move
ments in paper. The note brokers have very
limited amounts Of notes and acceptances on hand.
The time has not arrived for the making issuance
Of paper based on cotton, the seed of which is to
be put in the ground in the spring of ls6O. There
were some sales of six months paper at the rate OF
yet. for good and AL names, and some transac-
tions in good and fair at 81, 9@IO get, and few
transactions at I2@15 get.
The weather continues remarkably propitious for
the gathering of cotton. The transportation of the
staple from the several shipping depots is greatly
retarded by the low stage of water. But the
weather is 80 very favorable that there are very
few planters who will take their force from the
fields, and gin and bale what cotton is already
picked On the banks of the Mississippi, from
Bayou Sara to Memphis, there are large parcels Of
cotton ready for shipment, with no conveyances at
hand to move it. The large boats in the Memphis
trade cannot bring hither more than half cargoes.
The Exchange market to-day was dull with
dropping tendencies. Supply free, and buyers
knowing they have the control of the market for
the week at least, are bearing down in great style
in fact, they have flowing sheets and royal
breeze The counter rate for checks on New York
was get. dis. Outside double AL sight drafts
steady and under good demand at get. dis.
Good and fair sight 9-16@i dis. Round sums Of
five days sight were sold at discount, and thirty
days sight with documents at II dis Several round
amounts of sixty days clear at l3@1A dis, and
| other sums at from 2@2i and 2} dis. In Sterling
there were no changes from yesterday. Sales of
clear bills were made at 100 of Al make, and do
cument bills at l0e@l0s4 and 1851. For remittance
there were some heavy transactions at 1881 of the
best OF bills, though the banks hold at higher
figure. Our last quotations from New York 10th
| inst.) quote commercial bills at lO934lO92, and
bankers l095@llOl. There were more francs
offering to-day, and rates are heavy. We quote on
Paris direct 5.22a@5l7a, and outside ports 5.264@
$40. The transactions to-day and yesterday in all
descriptions of exchange will reach one million of
| dollars.
| The Stock market holds up. There is good
| feeling evinced towards the shares of the Canal
Bank, and sl40 and over is asked. Among the
sales we note 30 shares Crescent City Bank at lO3
30 shares Southern Bank on PIT; 100 shares Jack.
son Railroad at Ill l. and during yesterday and to-
day BAL shares Bank Orleans say so, 25, 5O so, 25,
| 60 and so shares, (seven parces) at from l035@
| 1O33.
| From the jackson Mississipran of the 4,h instl
Next In order is the charge of dirt or sand char.
acterlzed as gross neglect carelessness.n And
here, good masters you factors, let me pay my re-
spect to you, for it is this theme you and your
organs harp most audibly. Considered relatively,
you are first amenable to truth and Justice next to
the producer; being nominally species of neces-
sary evils; kind Of medium between the agricul.
tural and commercial world the special represent
tative of the planting interest have you not per.
mitted, and to some extent abetted this wholesale
caumny upon the planting interest? If you know
the charges false, why not exculpate your legit.
mate patrons If true, have you not been pa9iceps
| crinainis in the matter? Yes, we knew you in your
exodus, some deserving the plow and anvil, some
having prospered in limited trade others having
failed, some again of renown and Others unknown
in the law-all quckened by the impulse of genius,
have sought wider fields for operation-ail most
bland, afiable and obedient srs; (parenthetically
let me observe that farmers peculiarly have just the
requisite capacity for honest citizens and when
one discovers he has superior capacities, forthwith
he seeks another sphere) but anon, we behold and
wonder! Upon what kind of meat have these
our censors ted?" The casuist might inquire,
whence this metamorphosis Why this supercil-
| iousness? Have not the farmers allowed you ~ y
ct. commission on the sale of their entire products
stones and all Do you not protect the entire CON
sgnments OF the season under partial insurance
under your open policies? Do they not pay you "a
get. commissions for filling their orders, whether
you select in person or not? And do you not fire.
quently fill their orders from your own stores or
from consignments col thus realizing commissions right
terest for advancing? Truly these are princely
perquisites and might enable you to be lust if not
magnanimous or grateful. To each, Individually,
would commend those wholesome and time -honored
Beware of temptation, and when our mercenary
foes drop veritable stone, don't pick it up, and
with eyes bedimmed with dust, hurl it indiscrimn-
ately at u.s. and cry you dogs nor when for
ties, by traducng our institutions and credit, and
at the same time to indulge their propensity to
steal our cotton, they hypocriticaly and falsely
raise the cry Of dishonesty, fraud and corruption,
and Sweetheart an affiliated pack. Don't clap
your hand and shout seize 'em ma dogs! Verilv,
never was people SO circumscribed as the farm
ers Of this section are. Again, you cotton factors
receive our cotton probe it thoroughy-take out
enough Gf yon do not already to point your seal
pel-eXhbit the evidence of fraud where it exists,
and assure you, now have the requisite law and
will to infiet the penalty upon the culprt. As to
cleanliness the laws of trade will tfeectually CON
troll that But better nducement has hitherto been
offered for clean cotton, for small planters on the
hills making from three to five bales per hand have
universally complained that their clean cotton has
been sacrificed in classification with that of the
bottom crops where ten to twelve bales per hand
is produced, and that necessarily in a very rough
conditional all events, the absence of fraud in
packing o bale according to the sample is to all
intents legitimate, and if manufactors don't want
dirty cotton let them decline it, and if the dust is
offensive to you, the factors, keep your hands off,
and let us manage it for ourselves. That buyers
are using the plea Of dust pretext to discredit
turns showing rejection Of one bale from lu,-
chase of five when it was essentially the same quail
ity being all of the first picking without having
been rained on, ginned on at one time and baled