New Orleans daily crescent., 1861-01-31
I: HAVANA CORRESPONDENCE,
s.pseIal u "a Nsw oEleaas oresessnlt.ll

49,
#ss3 HAVANA, Jan. s27, 1861. e
lfr. Esziitor IL II with extreme pain i am com
PEELED, in the performance Of my duty as you
correspondent. to inform yon that financial ana
business matters In this city and island continue il
The same unfortunate condition they have been il
fog the last week Or two and, what is perhaps
more lamentable, the course being pursued oi
flooding the island with paper not redeemable in
specie.
Tie Spanish Bank of Havana is authorized to
issue two millions more ID ( boaos.' and to reissue
all such may already or shall hereafter fall into
it's hands upon the terms Of tie original issue viz,
redeemable in four five, sX and seven months
AT meeting Of pr0prietors and merchants held
recently at Cardenas, II was resolved, npon per
mission being obtained from his ExcelIency the
Captain General, that the Geaito aiercanta IL
bank9 should issue $500 600 in boaos, I, which all
present pledged themselves to receive in payment.
At Gienfuegos, too it is runlored similar course is
10 Be pursued. The Bank of san Carlos. at Ma.
sanzas, has recently issued the 5000 900 id Jo,os b
was authorized ID do and learn that in that city
they the bonos9 are already at high rate Of dis
count and such will ere long prove to be the case
all over the island. Never was there a country
possessing SO much wealsh and so many Of the eIe.
Ments Of true greatness in SO unfortunate d posi-
ton as Is Cuba at this very time, for want of a
axan at the head OF her great monetary establish
mant possessing q competent knowledge of finance.
One day last week young man, 10 years Of age,
lthey very careful here to keep the names of
such persons from the public eye) presented a
forged bill Of exchange 1T the counting house Of
Messrs Rottman q Gn,, of this city, pretending to
have been drawn by Messrs FRITZ, of Trinidad, for
s7ls W. The signature was 30 clumsily forged al
TO have been Instantly detected. He was arrested
ana committed to prison for trial The chain. gang
for aiong terinof years will be his fate.
The Diario de III Marina Of the Goth instant
states that it has been resolved that the products
cf this island and the other possessions III Spain
4 Wiil hereafter pay no dutiss upon being imported
into That country.
was led to imagine this news was & too good TO
be true, n and upon making inquiry Of mercantile
friends, discovered the statement OF the Dsu,io
de "a Marina was altogether too general Here.
tefore tho products of Cuba have paid Id import
duty at the port il Spain where they we're first
landed and upon being sent to another bort III that
country, a second import duty Is imposed. II i
these second duties only that are to be taken Off
hear thstit is probable ere long thai cotton
will be pcrmittedto he imported into this bort d
island FREQ Of duty, with the object Of civins
Spanish vessels the benefit Of carrying ii to spain
where suppose, if conveyed in Spanish bottom
from;a Spanish possession, II viii Be received al
lower rate Of duty than if imported from the plac,
of it's growth direct. Veril5, 4 Cotton is King.p
We have bad news as regards the crops Of ths
minor products Of this island, from almost ever,
district. As you are already Informed the corr
crop is considered as lost, from long CONTINUED
drought, shat has lasted insome jurisdictions near
nine months From the Jurisdiction Of Cienfuego
VIZ have complaints that the crop Of rice has bee
very much diminished, from the same cause, willis
Ifom the Ynslta Abijo the prospects Of the grow
ing crop Of tobacco are represented as beint
highly unEavorabIe. II, therefore, you, MIR. Editor
are as partial Il. the weed as your correspondent
be advised and lay In D supply Of cigars suficien
to last you for a year.
y Don Pedro Mentero, gentleman well known Ii
commercial circles at ST. Jagoae Cuba, hung him
self on ths 18th lust The cause Of this suicide il
NOT known. Mr.. N. e business is understood tc
have been in q highly prosperous condition.
The British brig Rosalia, on her passage from ST.
Jago de Cubs to cienfuegos, picked up a negro, in