New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-09-01
Sls,0sI,SCO

Although the Citizens Bank nomnally working capt
tai of SlaODUo yet for has been moving on
Sl00Ol, which increased by the profits OF
year sOoo, Nat the nominal capital the amount on
which will work. and operate for the coming will
three quarters OF millions of dollars All the free
less surplus work. hnt they cannot in all
respects expand and tile rate of the Citizens
Bank.
has been supposed that of our banks have been
by exchange transactions Trne some have lost by
of the Tehuonepec Company, and
by bills mne against But in the age
they a,e been fortunate in the cotton exchange,
well in cit local paper The Southern Bank Of New Or
leans which, its inception and organization intended for
large and heavy exchange dealings the broades extent and
which course has fully carried the Of its
sources remarkably Fortunate For since the 1857
had dollar of local paper bill of exchange pro-
tested Bank New Orleans and the Union Bank have
fortunate in their line of in fact banks
ALL have with only very ring losses; the oft
pcatcd last spring by croakers and Others that
banks would lose largely by exchange transactions, is
will be confirmed. The great Losses which talked
aud have been talked about will fall on New Orleans
particularly foreign exchange
The great attending the completing of the jackson
Great Northern Raioadif being finished for all inens and
prIoSesS proving of ncalcUae advantage city and
State. Ii is unnecessary into extended detail Of the
immense influence Is destined exercise future
years great toll and
great financial dfcuies-the uprlousas and Great Western
Railroad has been for time completed far Berwck'
Iay-eighy distant city. This will
greater Importance city than large share
muny seem entertain, particularly the part Of citizen
CAPITALISTS The this road being pushed with all
alncty energy that the aud income Of the Com
pany will 1t is contemplated 10 reach New Iberia-on
the Tcche diStunt Us miles from the cby the ls of
JULY At fbern the Texas railroads will nntc with it,
The distance New Orleans Houston, Texas, being 81
miles this be the continuous line of road 1t is surprs
ing the apathy and sinerestedness of
leading influential citizens rvnce towards this rond. 1t
will prove of the important aud profitable additions to
tile trade of city, It would be supposed that
the building and completing OF $50 miles of railways to connect
direct with city. through the State of TcNaswhch would
throw immense trade within control, enhance the great
of city, yield untold returns aud advantage
would command of the attention of citizens not only
in good Wishes (Which will, however, ~ very little way in
building railroads. but induce residents and citizens Of all classes
invest forward und purchase the Mortgage
Construction of Bonds of the Company at The market
prices9 drawing Bet per interest They offer
safe and good investment is the market sinking
fund has been inauguted commencing in 1866 By which a
O0J of bonds contemplated be redeemed annually. The
large quantity Of COS of land have the
pany aiued at s. Gl000O low valuation particularly
when thousands of comprise of the best lands
in the Universe for the cultivation of sugar
# tie fphs will come forward early day and purchase