New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-27
Nefu Orleans Bulb Cresfert.
FRIDAY MORNING, APRIL ~. 1860.
TALK ON CHANGE.


The general movements on the flags yesterday
were characterized by dullness and inactivity.
Though early in the day the gatherings were free
at the several corners, that is on the shady side
there was general disinclination observable TO
enter into large negotiations. The private tele-
graphic dispatches are generally considered un-
favorable; in what way, can only be arrived at by
conjecture. There is talk among some buyers and
shippers that there is no safety in conducting bu
sness. Another party, a shipper on another yes
sci for Liverpool tthe hrlton) is detained by judi
cia process; he finds his cotton being discharged,
because it happens to be on board Of the same
vessel with cotton under sequestration under the
five day lien law. The bills Of lading are signed,
gone forward, and the consignee or owner in Eng
land will be wondering where his cotton or where
the ship is. He will probably learn to his astonish
ment that his cotton got into unfortunate company
and that the ship and cargo were taken possession
of by the Sheriff of the Parish of Orleans. If the
Sheriff continues to take possession of cargoes and
| ships, he will be compelled to extend his ware
houses. Though he may be well secured, innocent
shippers and owners Of more than two-thirds of
the eargoes may recover damages, but it will un.
doubtedly be at the end of long law suit and
| tedious letigation. The Milton is stopped at the
suit Of A. d. Kelly & Co. The Sheriff has COM
PEELED every plaintiff to insure the cotton while he
has it in charge, but this does not pay the claim
| for damages and detention Of other parties pro-
! perty; and this bonding, replevying and seques-
tration will in the end be costly business to some
folks. shipper of cotton or produce may here
after make the inquiry, who his confrere shippers
are? He will not want his produce to 60 in com
| pany, or on board the same vessel with property
or produce that is subject to sequestration, tiga-
ton and suits at law which may not be decided for
twelve or eighteen months, and if proceedings are
brought in the United States Court, decision may
| not be obtained for five years. Here are great
and important questions; large sums Of money, the
| character and commercial ermine of our commu-
| nifty involved. A splendid opportunity now offers
for our Chamber of Commerce to enrol its actions
4 on the pinnacle Of fame. is not out of place to
| suggest to them to appoint committee and ascer-
tain if there is way to settle those cotton suits,
| and withdraw them from the fangs of the law. 1t
would be more honorable, and rebound more to
the credit and character Of city than to be con
| cocting measures about clearing out a few cubic
feet Of mud at Pass fOutre, and looking after a
| dime per tun. Here is an opportunity for our
| Chamber of Commerce to confer imperishabe
honor and credit and add luster and brilliancy to
its actions, and relieve our community of the blight
and tarnish which are following these suits.
These suits are progressing slowly. One Of them
elly & Coy is set for trial on the LIST of May. As
there are about sixteen members Of the bar to de-
bate and argue, a decision cannot be expected fol
weeks. After the lawyers get through, the court
will require some days to decide and to examine
all the testimony and investigate all the authori
ties that will be cited and brought forward in the
argument, will require weeks instead of days; ans
when decision is given, it will, Of course, be car
red to the Supreme Court. Therefore, it is not o
much use to have any further talk on these grea
, questions. The costs are accumulating from da,
to day, which will of course have to come out 0
cotton. But the most intricate question will be
who is to pay the costs and damages on the cottol
which has been taken into the possession OF tn
authorities, on which there are no claims ?
Well, there was some talk of the falling off in tn
receipts of cotton. We think it is about time ther
should be falling of. We received the Florid
and Texas receipts for last week yesterday, an
make up our tables to last evening, showing tn
receipts at seapors to be $50 bales, and bale
at light to reach the greatest figures on record sa
Fou,. Millions Fvue Hundred thousand one Hun
fIYe1 and Ten bales,