New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-28
NUMBER 229 !.
TALK on 'CKAuGE.

everybody is in the market that rafse the wind
to meet purchases. Some old factors desire some
thing more steady and rather stronger than what
the disciples CToiusl would give in payment for
the staple. Wind is very good thing in It's place,
and where it is wanted. The feeling towards cot
ton yesterday was good, but from the advanced
pretensions on the part Of some holders and the
great knock down" in sight exchange on New
York, the sales fell off greatly from Monday. New
York funds went down by the run, which checked
some operations in course of treaty.
There was some talk Of great decline in the
price of sugar in New York. 1t is not supposed
there is much Louisiana sugar in the New York mar
ket; that planters will study their interest
by not sending hogstead of sugar or barrel of
molasses to Northern ports. Like cotton, if sugar
is wanted, let Northern buyers or their agents
come for it, as they do for cotton and tobacco.
There was some talk that on the receipt in Eng
land Of the quasi panic, the fright in New York,
similar feeling would arise, followed the panic
in 1857; that is, the Bank of England might take
ALARM advance the rate of interest and attempt to
check any drain in coin that might arise for expor-
tation to this side of the Atlantic. Mr.. Bull, no
doubt, much prefers to receive three to four mil
lions per month $han to return or ship hither half of
the amount. We shall know what they think Of
the political and financial excitement by the Eu-
ropa, to leave on Saturday next.
The want of direct communication with Europe
is now severely felt in the great exchange transac
tions casting aside the political condition of affairs
This is not the first, the second nor the third time
that our general financial market has been disturb
ed by too great dependence on New York.
1t will be fresh in the minds of many of our read.
org tbn pra Ia INV nm nf
capitalists in England to build six screw steamers
to run between New Orleans and Liverpool. We
alluded some weeks since that two steamers had
been launched, intended as the pioneers Of the
line. We have now received intelligence from
England that two steamers built and intended for
running direct between this port and Liverpool
have been completed; but in consequence Of the
limited amount subscribed (only &I2000, or about
100000 by the merchants and citizens of New Or
leans) the builders have chartered them, and they
are now loading at Greenock for India. They
draw. with 1900 tons of freight on board, and 600
tons Of coal only Is feet inches water, and attain
speed of 81 knots per hour. They are of the
capacity of 1000 bales of cotton. The same build
ers have now laid down two more iron steamers
with enlarged improvements, which will be ready
in the month of January. These vessels can be
secured for New Orleans if sufficient sum of
money is forthwith subscribed in this country. To
increase the amount of subscriptions to E33 0O0 Or.
$l65 600. Lists are now open at the counting
room of Messrs Hermann, Power & Co., 80 Com
mon street. All former subscribers who desire to
increase the amount of their previous subscrip-
tions, and all, every one all classes of citizens,
merchants, planters, mechanics, retired gentlemen
citizens of all trades professions and yocations
who desire the independence of the South, relieve
us of the thraldom of Northern capitalists, banks
| and bankers, will do well to come forward and
subscribe at once. The terms Of payment are re-
markaby easy The shares being only s10, or $50
places the privilege of subscription within the
reach of all classes Of citizens. No money is re
| quired for the present beyond deposit Of five
dollars per share at the time of subscribing. The
balance of subscriptions will be called for at such
times as may be wanted after the due organization
of the Company.
We append the preliminary agreement on the
part of subscribers for the establishment OF line
Of iron screw steamers between New Orleans aud
Liverpool, to be called the British and SOUTHERN
American Steamship Company with capital Of
GOO 000 in 20 600 shares of fl0 each, with power
to increase the capital aud number of ships under
the auspices of the following committee for sub
scriptJa Messrs s. Fl, Kennedy, Cornelius Eel
| loves, a, Gordon Bakewell Thos. L. Wibray, Ben
| iamn Florance, j. g. Gaines and David Jamisoni
| We. the undersigned, residents of Louisiana
hereby agree to subscribe for the sum set opposite
| our respective names, and to become sharehold
| ers in Joint Stock Company, limited to be incor
| porated or registered pursuant to the laws o.
Great Britain for the purpose of establishing linz
of screw steamers between New Orleans and Liv
erpool, pursuant to plans submitted to the Cham
hhT FfG nf Nayp nra
a favorable report was made and adopted by sait
Chamber on the 18th of February, 1855, upon th,
following conditions however: That as soon
the sum of two hundred and fifty thousand dollar
shall have been subscribed meeting of the sub
scribers shall be called by public notice, and
majority of said meeting, in amount of subscrip
tion shall decide upon the basis, terms and condi
tons under which they will join other subscriber
in Great Britain, for the purpose of organizing
/ company.
4 Were this line of steamers in operation at thi
time, or had it been this fall, we should not at thi
time be depending on New York about disposin,
OF exchange. We should be shipping cotton for
warding exchange, and receiving the proceed
every week direct from the Bank of England il
/ Victoria soyereigns. There has not been a da-
since the commencement of the present CONNER
elal year that exchange on England has not bee
in favor of New Orleans and we are now suffariu
from the caprciousness and fright in the New Yor
market Has the time not arrived to apply a rem
edy to this state of affairs2 One million of dol
lars are only required to build and equip six scres
steamers to carry 1910 bales of cotton each, witt
| accommodations for 100 passengers, and only th
paltry sum of half million from New Orleans i
required to carry the proposition through. Til
citizens Of New Orleans have paid millions of dol
lars this season in travelling North and to Europe
and many OF them are now feeling the effects o
sowing SO freely without any advantages of returl
for the present. Who will move in the great un
dertaking now proposed True, the times ar
pressing, but shall feel mortified if the Crescen
City cannot raise 100000 from its cotton recent
of one hundred millions of dollars
About week ago, or some time last week. W
received one instalment of the English mails h
the Canada. We are gratifed to announce that W
received another installment yesterday but ther
| is another due.
The TALLEsT MAN IN KENTucKy,-T Hopkin.
vile Press says that far as it has any knowledge
Mr. John NJ Baker, of Burnsville, Caldwell county
is the tallest man in Kentucky. He was in Hon
kinsville on Thursday last and subscribed for I'll
Press He stands seven feet eight inches in hi
boots, weighs two hundred and eighty pounds AM
is twenty-three years old. He was born and raised
in Caldwell county, and has never been hundred