New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-02-03
Nelu Orlears DULY Grtsteld.
FINANCIAL AND eoMMERcaI DEPARTMENT.
Yeh OrIfaus Iloufu nlarkft.


TIE general Money market to-day, It was very
quiet in al circles pertaining 10 paper and money
ihe calls for discount at The banks continue largely
above tle income. Discounts, Of course. follow ID
tne same ratio meeting Of the Presidents Of The
res banks, pr the banks working under The gem
eral banking LAW, was held to-day Oh the sugges
aon 81 the Committee on Banks from tl,e Ieafsia-
sufe, % take into consideration several DrenasaIs
ana amendments desired BY tic free hanks n
place them on something 81 in equality WIN IN
Old chartered banks. The result Oh the t.anventar
was that the free banks are entitls IL af.,a co,.
eessions Or that the general banking law shouId
be modified to cover the following, Tue rea,ra.
ments that bonds to the full amount IL eirclat;sn
Pc abrogated, and substitute created ID sse I'LL
following efiect The circulation to be represented
By 335 get. in coin to be on hand at all times s3a
yet. to be secured by the deposit Of stocks or
bonds with the Auditor, and the other 331 ssct, 10
be represented BY paper maturing inside os ninety
days; that the circulation Of notes of any bank ii
not to exceed the amount of the capital maid In !;
that every note be countersgned and registered By
the Auditor Of the State. Though amendments Of
this character would not place the free banks On
an equal footing with the four old chartered banks
nevertheless they would be satisfactory to all in
terested and concerned in the free banks, and re-
lieye them from many onerons restrictions and
1ndefensible requirements under which they now
labor. There appears to be only one feeling ID
financial circles, and that is the free banks are en-
titled to the consideration Of the Legislature and
worthy Of some legislation in their favor.
The general fulcrun Of our great commerce
exchange-was inert and very sluggish today.
The counter rate for checks on New York was /
dig. Outside a@l discount, even to dis Three
days sight from t@a discount; ten days sight from
a05 discount; thirty days sight from Ugly dis
count; sixty days sight from Ii, HOP fsct. dis
count for choice to good names, and u, 2aG02y for
good to fair. There we're four round sums Of sixty
days passed at . get. discount. In sterling the
ruling rates were from 1o7a, 107s@lG7T- dealers
and buyers figures. Remittance rates ranged from
Document bills were scarea few
hundred bales Of cotton were taken at 1lB1 Ml065
Favored names on spinners' account raHaa fran
lo1@loI}. Francs very quiet. Some limited
transactions were closed at 5.264 rs IN to 523a
We quote extreme rates from 5.3l los. a25. Bank
drafts and double AL drawers for remittance range
higher, say from 5.2sa 052l4 but these arc exeep-
tional rates.
We did not learn of sale Of stocks o. bands
The general coup de etat Of com de- main ran.
nected with the Garrollton Railroad, which was
carried out or diYulged on the I'd Of last month
was set aside to-day at the general meeting Of
stockholders convened to take into consideration
the election ON the I'd January The enfves,tion
declared that election null and void rescinded the
entire proceedings, and proceeded ID i new eIac.
ton or another vote, which resulted in the rein
stating Of four members Of the old board and the
selection of four other stockholders in place If old
board is as follows:
Messrs 9: Curre Duncan. aiessrs Carl Kohn.
~ =. 80 go .aa,...as o@fes hssiae-
Messrs Armand Hsine aessrs. Edward sfiF.
Thaso ,sntIsra,, 4, .;t- MA u ]. hepp,
H. III.
bo,ae,s y tha eont "a q
any oter desire tban fhe raaraI = e.
citv
Tho ,naat;no .yaa co,nnosoa & sta.1,a,,4a.a
o7vntne pora tban anebaIf IL tha stoel 4.
and ,umhar oe sbarns and a eo,,,4irst 4. t;,.;vn
The ratio of votes no aharabn,aar nrasent so
allowed more then one hundred votes what
course Tho onnosita or ontsida Marty viii talse IS.
mains 10 In seen Tho law ,yas yolI ,o,,,o,a,,toa
j. tto ,,at;n,, ~ 81, IL. ;,,aaa.s,4,,
tint co,,5 In ,ratlara4 ,,ta IA ha,,5 81, =
members. will hold on nevertheless exnrass;,ns
siioSlsi VI. iioii " eiIoiesss eApfssSioiIs