New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-31

are greatly reduced Iro! Wnat tney were al tne COLL
mencement of the year, and if French manufactures
should suspend operations, it will tend to the advan
tage of other countries therefore, do not regard
continental war as likely to prove detrimental to
L1k2eIican commerce, particularly to New Orleans.
The Money and Paper market to-day vs. No. e. an
affected by the European news. There were sales Of
long dated paper at the rate of ect which is de-
cline. The calls on the banks were moderate though
with some much beyond the income, with others
about equal to the receipts.
The Exchange market was rather quiet to-day.
The counter rate for checks on New York was l
prem with steady demand from regular customers
Outside double AL drawers sold at 18th, and good to
fair sight drafts taken by the banks at par and
five days sight from par@16. Sixty days sight was
strong and well sustained. We quote sales at l. la
II dis The current rate being from for choice to
l@is for good, and II, II, ls@l3 dis. for good to
fair. The foreign exchange market was influenced
by the foreign advices. The sales comprise bills with
documents for spinners' account at 1854 which is
tolerable high rate. We quote the range from 1854
@l0s2, though some transactions are closed below
81. In clear bills there large transactions,
and the market had heavy feeling, and we can only
quote 1O9@lO9l We did not learn of any move
ments in francs in fact some dealers in French bills
retired at an early hour.
In Stocks and Bonds we only heard of two sales of
stocks of 10 shares each of Merchants Bank at lO5
The Scrip market was listless. Our Insurance Com
panies lose about s15O0O0 by the fire of last night
which will not hurt them. 1t is well for the public
to be reminded by fire and then, SO that greater
caution be used. The fire of last night however,
only tends to the advantages of dealers in scrip,
buyers depress the rates from five to ten cents %
dollar. In the meantime, we have only to remark
that half dozen such fires will not in the least
damage our Insurance Companies.
There considerable surprise evinced to-day at
the discovery of two notes of the denomination of IS
Of one of the free banks being in circulation which
were Cancelled over a year ago. mutilated by the
bank delivered to the Auditor of the State and sup
posed to have been destroyed.
There may have been some error or oversight but
the matter is in of investigation we orbear
from further remarks for the present. But question
arises, what security is given for the large amount of
bonds deposited by the free banks with the State as
the State not responsible for the acts of its officers
We made some remarks two days since on the
general good resulting from savings banks, and pub
lshed the favorable statement of the New Orleans
Savings Bank, located on Canal street. We have
since received the following statement regarding
savings institutions savings in Great Britain. 1t
will be seen the amount of money on deposit in the
kingdom with those banks amounts to the enormous
of one hundred and sixty-six millions of dollars
at about par of federal currency 1t will be observed
that savings banks organized in five hundred and
ninety-seyen places embracing Cities towns, villages
and boroughs. The number of individual depostors
| reach l,345.752 and the amount and the largest
number of depositors, 266399 held deposits from the
sum of s. to s25. We might PROFOUND the question,
hew many in New Orleans depending on their daily
labor and vocation but what might save the triaine
sum of s25 u annum and invest in savings banks
There are not five hundred out of the thousands who
think of laying up dime against contingencies.
SAVINGS BANKS IN GREAT BRITAIN AND IRELAND
In the United Kingdom, in the year 1857, the total
amount received from deposits was ,5Sl AS the
amount paid out was fs,375 ,095, but this includes
the interest The aggregate deposits on hand were
f35 Jos ,59G, while in 1856 the amount was only
f34,946,Ol2. From Nov. %, 1856, to March 4 1851,
there was surplus of deposits over the Withdrawals
every week, amounting in the whole to f3O7 ZIG;
from that date till the completion of the year. Nov
20, 1851 the Withdrawals exceeded the deposits
every week, and the total excess amounted to Ell 265
So. OF the total (on Nov 20, 1850 FL 1884, 26 was
for Ireland, and FL 944 1891 on account of Friendly
Societies.
The total number of individual depositors in Great
Britain was ,34l 1872 the largest number of deposit
tors, 266,S99, held sums between FL and f5 to the
amount OF f674,6ll; the largest amount was by
holders between f65 and fl00, namely: s5,374,149
by IS, 5G6 depositors.
In the United Kingdom. from March %, 1854 up
to JAN 5, 1858, e. l3S 229 had been invested in the
purchase of annuities through Savings Banks; the
immediate annultants numbered 9079 and the
amount of the annuties was elsa, or trie over
go each; of these 1928 representing anuuities to
the amount of f4S,52l something below EGO each,
had fallen in. There had been also 2,O56 deferred
IN Ia fpf Of ,h