New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-26
VOLUME XII.
Neh 0rltaus DaiIu Grestent.
THURSDAY MORNING, JANUARY 20, 1860.
TALK ON CHANGE.

The general talk yesterday was about matters
and things in general, which, it is presumed, in
cludes movements in cotton, operations in ex-
change, investments in paper, the buying Of sugar
and molasses, jobbing in stocks, tonsoralizing in
insurance scrips, the charering and freighting of
vessels, and old John Macdonoghs swamp lands
these latter have been selling for three days past
at about ten times the value the old iser paid for
them. Talking about Mr.. Macdonogh's estate,
brings up the question that his legatees might re-
fund some of the proceeds of lots of ground, com
prsing at the time Of sale part Of the town Of Mac
donoghville, but before maturity of the notes
given the lots caved In, that is sank into the Mis-
sissppi and the purchasers were compelled to pay
the notes given in payment; and as many OF the
descendants are in INDECENT circumstances, a re-
turn of at least half Of the purchase money paid
would be very acceptable but as there are no
hopes Of such result we will curtail the talk on
the matter, and hope the old gcntleman's ghost
will not appear and make inquiry regarding the
revenue Of his beloved estate.
On Carondelet street it was rather quiet. Most
parties connected with the foreign trade were en-
gagged in preparing their correspondence for the
steamer Of the 1s proximo, and perusng their let
ters received by the Europas mails, which by
some unaecountabie industry on the part of the
Post-0ffice Department came through yesterday.
The accustomed daily business and gatherings on
the great thoroughfare were wanting yesterday
possibly the regenerators {the payers) have tended
to drive the habitues up stairs.
There was some talk that adyces were received
from Liverpool commenting on the probable fate
Of 1000 bales of cotton bought here in November,
yaPa
change drawn on New York, which exchange was
not honored and gave occasion for much talk on
our flags. The purchaser Of the cotton-the maker
Of the exchange-immediately departed for Liver
pool. His notice in regard to the cotton will be
found in another column. Our opinion is, that the
result is involved in great uncertainty. II was
rumored on the Liverpool flags that part Of the
bills drawn against the cotton were accepted, (the
sight bills presumed to be paid and others not ae
| eepted but the probability or surmise was that
| the most of the bills had been returned to this
point (New 0rleans); that the bills of ading en-
| dorsed in blank were handed by the party inter
| ested in New York over to the agent of 4 Liver
pool house, and receipt given for advances made
by this agent This, il SO, is considered placing
| the matter in an awkward predicament The
further talk on the Liverpool change was, that the
bill-holders have no right claims on the cotton
hut that the drawer or maker of the bills has,
unpaid vendor right Of stoppage, but if the hold.
ers Of the bills Of lading gave bona .ttde conside
ration in full for the cotton, then the drawers
claim, that is, the drawer of the bills on Messrs
| AeConoehie Co., will be defeated. II it should
| be proven there was eolluson between the party
handing or transferring the bills Of lading il
| New York and the parties who obtained possession
Of them, then a new phase will be placed on the
proceedings.
The further talk was, that there other parcels
of cotton, but not to a large amount, that Wert
/ shipped here on board the ships Ocean Monafcl
and Dnnat also in trouble. However, we wish al
parties interested good time of il, but we eanno
talk eneouragingly Of law suit in old England
Our sympathies and feelings with the bill-hold
ers; they are entitled the proceeds of the cotto1
sufficient to cover the amount of the bills.
/ There were some parts of mails received yester
day from New York. The mails via Mobile CAM
through. We believe they were the first this year
| dates of the 10Th being announced. 1t is hopet
4 there are responsible contractors, or contractor
of means who can transport the mails until Con
gress is organized. Our own impression is, tina
they cannot do any more profitable business thai
/ by waiting on our good "Uncle Sam" For whel
was it known, or where is the individual who eve
lost money by q government contract Where i
4 he? Qntea sabe2 The gold old goose will be ful
j of feathers nv the next piekKn time in Nav,