New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-19
VOLUME XIII.
Weu Orleans DULY Gtssttrt.
FRIDAY MORNING, OCTOBER 10, 1860.
TALK ON ,cHA1!GE.

There was considerable excitement on Tho flags
yesterday, brought about by the sweeping trans
actions wv forty.six thousand bales having been
bought since Monday morning, with steady ad-
vance from day to day; and with the fifteen thou
sand bales sold on Saturday, we are having sonle-
thing in reality to talk about. True, exchange has
receded, been pressed down Yet. or more; but
what of that, when folks or buyers are in hurry
to make BARGAiSs2
The weather was sufficiently cool yesterday to
suppose that another frost (sonething Of killing
character) would follow, and possibly the tele-
graph will to-day bring further frost accounts.
The weather is most auspicious and favorable for
sugar planters; it could not be more congenial
Hopes entertained that the crop viii reach that
of last year, say 22l 900 hogsheads.
There was some talk yesterday about the action
of the Board of Assistant Aldermen, in regard to
the depository Of the funds Of the Fink estate COM
ing to the city. There was considerable debate on
the subject, as to what bank should have the dis
tfngushed honor Of being the custodian Of our late
citizen, Johnny D. Fink's legacy. It would have
astounded our late citizen, Fink, to harbor the
thought that the proceeds Of his old shantfes and
property, near the old goose pond, should have
been the of so much serious debate and feel
ing by our City Fathers. It puzzles an outsider
why so much contention should arise as to what
bank should have the distinguished honor OF being
the depository Of Johnny Fink's estate--a man
who in his life time never believed in banks, and
would not trust one Of them if he could avoid it.
The inquiry is made, where are the funds now that
have given rise TO so much debate? If they arc on
deposit in the Bank of New Orleans, are they not
perfectly safe there !? Ifthey are there nov, what
good reasons are brought forth why they should
be remoyed2 We have not been favored with any.
The talk is, that it is not equity nor justice for
our Council to be arguing about the advantages or
salidity OF our banks, that one institution should
be favored over another, that is, to talk out
plainly, that the old chartered banks should be
debated on as being more safe than the banks
working under the general banking law There is
no justice nor equity in making this discrimina-
nation or distinction. Admitting, as we do, that
during the last summer the State Bank did come
forward and loan the city, or discount for It to
meet some pressing liabilities to the extent Of one
hundred thousand dollars, that was no more than
one of the free banks (the Southern BanI) would
have done, as it was prepared to loan the city the
aforesaid sum. The debate in the Lower Board on
the Fink fund seems the street to have been out
Of place, and it is presumed that the two banks in
question are not ambitious Of being SO freely talked
about, and that neither of them care dime about
old johnny Fink's funds Both the State and
Citizens Banks are now the repositories of differ
ent monies belonging to the city.
There has been great deal of talk about the
forwarding Of cotton from Memphis to somewhere,
say Liverpool, ria the Grand Trunk Railway in
Canada to Montreal. The planters of Tennessee
will not try the Liverpool market more than one
season.
The Cincinnati Gazette of late date contains
the following notice:
UNCoMpREssEp CerToN.-Notice was received by
Taylor & Brother yesterday, from the managers of
the Grand Trunk Railway at Montreal, that that
road will not hereafter contract or transport un.
compressed cotton, the object being to compel
Southern dealers to compress all their cotton,
which thus renders it desirable article of freight
for railroads.
If our memory serves us correctly this Grand
Trunk Railway or some great railroad in Canada,
was foreclosed and sold out two weeks ago for
debts against it, amounting to four millions of dol
lars, and bought up by the English holders of the
mortgages. There are other roads this side of
Canada which are attempting to force the business
of the South from its natural course, the Missis-
sippi river to New Orleans They are about as bad
of as being sold out II their creditors could oh.
tain their dues they would have been sold out long
ago. and not had an opportunity of competing for
the Southern trade.
The mails are out of order. We did not receive
any papers yesterday from Northern cities. Parts
Of some of the letter mails came through.
This trains on the Jackson Railroad will com.
mence their regular departures this morning. The
freight trains will be put through next week when
the several thousands of bales of cotton which
have been aecumuating since the storm will come
through, and materially assist in relieving the
financial market, provided the article commands
the prices which ruled yesterday. Twenty thou
sand bales were expected to be received this
month ria the road. We have received thus far
four thousand bales, including the load arrived
yesterday.
P6IJTTCaJ, ITEMS