New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-24
HAVANA CORRESPONDENCE.

HAVANA CORRESPONDENCE.
Special to the New Orleans Crescent.
HAVANA, March 10, 1857.
The Reuista Jurisprudeneia, monthly pubiica
ton Of this city, having in recent number atfrl
buted the stringency in the money market here to
what believe to be the true cause, viz the large
amount kept out OF circulation which is locked up
in the public Treasury and In the vaults of the several
banks, which, together, amount to about fourteen
millions or dollars the Diao de Ia Marina of Sun
day Last comes out with lengthy article and strives
II show that such has mot been the Of the great
tichtness Of money it founders however, most ter.
rbly in the attempt quoting as it does the balances
Of the several banks at stated periods forgetting
IL would seem that although Figures never lie, yet
that, aby figures almost anything can be proved"
The only fact quoted by the Diario de Ia Marina
which at all bears upon the subject is that Of the
issue Of six millions of dollars in paper by the Span.
sh Bank Of Havana. It, however, omits to state
that this issue Of paper money having been all in bills
1.-THE value Of the smallest of which is fifty dollars)
they have not gone into general circulation and have
not therefore, afforded that relief to the money mar
ket they might have done had the bills been each of
ten twenty dollars value. The withdrawal of nearly
two thirds Of the circulating medium of this city.
ahu "e pruuen' leso'us'on =, ''le panAs' reduce
when they might be called upon to repay the large
amount deposited with them subject to draft, was,
beyond all cavl the true Of the great strngen
cy Of money that affected the money market and
commerce Of this city. However the real soldity Of
our principal mercantile firms has enabled all to
weather the storm without more than temporary in
oonsenienSe' oesso. ss"ss -, A'"s'.'' A'
suo liouey i1asAes % ns.'e e"s'e' A.u - ~.
peiou ~ "ay .ea,o' nope " $3.50 'A''e
as. nv go - os nan s -. ;. a.,
49,. - - u.s.,..s -
80. ~. w. e - -
49,. .ss.sas se,,..a ,,s.a, a.
80 -. .s...ues
aAe.-s ~ ~ Aaa.'
= 'lienu - n4ne' te'useu y au'anos eue ielu'ieo
amounts upon taae security. az ho' AWAIT II Tue
money was opta'heo eise"aele'
bya royal oraer rom opalh' uateo repruary >,
ana puohsnea nefe 'ne TN ius.'' .he ofeos'o MO
oiaro, OF TINS Guy Is authorised 70 increase lts
capital 70 WE'VE miihons Oh ooiars. Inc original
capital, mistake not' was JUST lail tha' amount
ny tue spanish steahsnip rajaro oel oceano'
ocean biro) Wnlcn arrived Tue LIN ihss. from
forto RICO 81. 1homas' etc., we nave ihteiiigence
OF tne breaking OUT Oh fe'outon IN Tue department
OF Maracaoo, venezuela, winch nao ior us opJect me
again placing in power ex.President Monagas'
The Spanish had captured and taken into st
Johns, Porto Rico, bark having French colors on
board, but no papers, with $50 African slaves as her
cargo. Her crew were in prison at St. Johns.
committed an error when stated, IN recent
letter, that our opera season had closed with Max
Maretzek's and his wife's benefit. There have been
NO performances simeon last Saturday evening
or the benefit Of the Cosa Beneficencia (ams housed
OF natives Of Catalina, and for the Ladies Domi-
Hilary Benefit Society," This performance was inst
,ated by Gazzaniga. who had previously given
81 900 to the Cosa Benefcencia of this city. The
legant letter from bis Excellency, the CaptainGene