New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-08
TALK ON CHANGE.

~ eAHA'N''
day was the great fire Of Wednesday. The question
of losses and sufferers take precedence of all
talk. As regards the quantity of cotton burnt, the
full amount of losses will not be ascerained for some
days But there other losses of equal importance
While talking of the holders of cotton being large
sufferers, they, with the insurance companies, can
stand the destruction The is different with the
many who were turned out of house and home losing
their little ALL Though many of the cottages which
fell before the flames may be insured there were and
are many objects about homestead such as the
flower and fruit garden, the favorite tree the furni-
ture, and other cherished objects which no insurance
or money replace. Before half the talk and COM
ments on the fire were got through, the bells sounded
another alarm, which proved to be one of the large
warehouses on Front Levee First District. Of course,
this being the locality OF the great Western trade,
that interest suffers to extent though under full
insurance. While this fire in progress, the ship
Leona, which cleared on Wednesday for Liverpool,
with 444 bales cotton, reported to be on fire.
Then the talk turned on the loss of the ship Muhouse
Of this port hence for Havre wrecked on the Florida
coast. She was cleared on the 25th of February by
Messrs. Baxter, Lowell Il Co., with cargo of 1858
bales cotton and S25 900 in coin. The ship and
freight are insured here Without talking TO any
tent, we think we have long chapter Of misfortunes
to chronicle for one week.
We have, however, some little talk of our own re-
gardng the course pursued and the phraseoogy of
public companies, particularly insurance companies.
1t is well known that by the detention of many yes
sells at the mouth of the river underwriters risks
have been prolonged with great inconvenience and
delay to shippers and consgnees of cargoes occur
ring. The Board of Underwriters of New Orleans
sanctioned the suggestion of allowing vessels to dis
charge tighten outside the bar without restriction
as to time. The New York Board of Underwriters
followed suit as will appear by the following notice
OFFICE OF THE BOARD OF UNDERWRITERS, New
YORK, March 2S, lS59.-The undersigned Marine In
surance Companies hereby consent that cargo on
board of vessels no, lying at the bar at the mouth of
the Mississippi river, bound for New Orleans, may be
transhipped to that port by steamboats, or other
usual conveyances, without prejudice to the insur-
ances on such cargo in our respective Offices.
The underwriters, however, will not be liable, in
any case the expenses attending the said reshpment
Signed by the Sun Mutual Insurance Company,
by A. B. Nelson, President the Atlantic Mutual
Insurance Company, by Charles Dennis Vice-Presi-
dent; the Mercantile Mutual Insurance Company
by Ellwood Walter, President; the Great Western
Insurance Company, by John A. Parker, Vice Presi
dent; the Orient Mutual Insurance Company, by
Alfred Ogden, Vice-President the Union Mutual
Insurance Company, by F. S. Lathrop, President
the New York Mutual Insurance Company by Johr
H. Lyel, Vce-President; the Commercial Mutual
Insurance Company, by Daniel Drake Smith, Presi
Wm. Leconey, Vice-Presidcnt the Columbian In
surance Company, by Thomas Lord, President
The cautious manner in which the permission tt
tighten is allowed cannot be overlooked. We hav
italicized two important words, " now lying" whcl
means those vessels then outside the bar the 2St
March, are granted permission. This will do YER
's WE'LL so far as it goes. A vessel, however, arryin
after the 2Sth of March could not avail itself of tn
k privilege. The New York underwriters are tolerabl
Is sharp so commanders of vessels will know how ia
~ the permission will extend. Why not grant permi
30 sion without reservation as to time. No,p Lynn
sa means according to the custom of insurers, what
be says say the 2Sh March, and does not th
4, month Of April.
~ Notwithstanding the great drawbacks to some il
terests by the bar obstruction, the great fires, cr
~ vases and overhows there have been several sales
IN real estate by auction at prices average of 50
,m t3ct. over ls57-'5s.
The following properties, in the Fourth or Garde
A District were sold yesterday by Neville Il Co.:
Ter 2 lots of ground Plip between Chesnu and Col
N