, 1861-08-14
THE &c. s. A, AND NEW ORLEANS.

leans takes her share in the honors Of re-
be|liou somewhat uueasily. From . po-
sition Of commanding eminence IN trade, |
she is quite extin2 2uished now, and is
courted by the rebel authorities only to be
despoi1ed. For weeks the Delta, the Cres.
cent, and even the Picayune, have been
pouring cut walls Of Indignation upon the
"plunderers at Richmond who, as they
represent them, are 10 more honest in ad-
ministering the affairs of the South than
they we're Of the Unien. But the ire of |
New Orleans has now been raised, as never
before, by the attempt to ensnare their |
banks into movement which should hand |
them over to be plucked at will. As these !
banks hold some $15,000,0 900 Of specie
more, probably, than was to be found else
where in the entire Soufh--it was desira-
BILE to get possession Of it. A Southern
bank convention was called. A1r. Davis
proposed that they should all Of them issue /
his scrip, give him their money, and sus-
pend specie payments. On the morning j
Of the convention the Treasury Depart
ment received the first proof impressions
of the Confederate $5, $40, $40 aud $50
bonds; and, as the Enquirer states, has
| tened at onte to inform "the bankers of
the opportunity" The New Orleans
hanks, suspicious Of the plot had united
in sending q single representative, more as
an act Of courtesy than for any other pur-
pose; and lie, instantly upon this scheme
being developed, retired and went home.
His retirement left the wi1d-catters Of
Georgia and Tennessee literally without
ways and means, and the cony ention it.
self then adjourned. The opportunity :"
was lost. But the pride Of New Orleans
seems to have been wounded to the quick.
Nothing is now too bad for the Dslta to
say in denunciation Of the i" so-called Gov
ernment, OF the coerciye power,"' The
Crescent Is more mild in its choice Of Ian.
guage,' but equally pungent.-- The whole
! city is fixed in. its determination that nei-
ther by treacheEy nor by force shall JEFF
Davis be possessed Of their solid dollars.
And when the shreWd, far-seeing, and
thoroughly Southern men who manage
the New Orleans banks, begin TO- turn q
deaf ear and q sharp tongue toward Mr.,
Davis, it shows, if not more than this, al
least that the cause Of secession is not SO
au-powerful as to furnish an exception tt
the experience Of the world,
l. And another matter that troubles New
, Orleans IS cotton. The cotton kings art
evidently puzzled If the Confederate
, should, Is intimated, buy up the growing
+, crop, aad by concentrating it at New Or
!, 1enas, offer England the tempting prize
i they fail to see why the prize should no
be equally tempting:to the North. A neg
, idea seems to Cypress them We nos
learn that the cotton factors have unite
upon circular to the planters, in whic
: : they say:
II il ciea- that go long as the port continue
II b1oeEaded, TO cotton can be Sold and 1t Wonld b
n h:a qocy to permit An acca uulhtion In our war;
| houses The enemy would be invited to attack
IT City whose successful Investment wonld place
his hands suf1cienCJ Of cotton - = to rskiel
:, him from tie con1pls cdtiors Of he bockad@.
is So ho! Cotton, that Was to cause th
e blockade to be forced, must be held bac
5. TO prevent its being made a means Of pc,
l. petrsting the blockade! What "ne7
e Light" is this. that is breaking upon ov
o Southern brethren:
u, But they propose, further, that not MOI
&c than $50 bales shall be stored in lots, ere
lie in the country! It might be burned, Q
J. il available, it might be seized. There
Id an evident tone Of unrest In all this, an
lc ene is forced to ask if it be possible thl
il New Orleans should be sick Of the Je
5, Davis bargain.