New Orleans daily crescent., 1861-06-20
Ae0 Ofleans 4allg eDresreut.
I,tr1s ,.,,,,, ARTNrENr COLUMNS
s3to Orleans iglonep 5tlarktt.

a sflsa st9 sts NJ. ..,,...[,
Z ssii'f'.9i as' IL. -
lhat W. saA .s WY inat'e -. =,
paper. ~ Aho s3 uiss soa'is 10 ii". N~t - :"
@ NlIie q sMo u '.e natNs -" oeei ~
2 lifiltea essens "is'tn 'ie p"s' "" - ""'
taess ooiosssons ato = 1iu '.lo s,o"'ls ONopo'
tha1 - N tai'suiis s"ppnes ~ pi"u.'uoA pos. "
poses ah0 e1ete aaNe oeel osSeo"n's VI e'ti.As
cial paper mlten the p'oeeeus '11e HtoM,. 80
lehueu ~ iessiiaato P3A poses' r,.,.tia,
Ai'sea amount tue spspu's't' t's I, i
VINO iiiNestee ~ H'ui' w
nave oeeh thWasled oss supp.i n,
sources flodt l 3hss eo'te : ~ N.'
from Ned river, WIZ sup ta's ~ " eVs'' u -,
ness IN the p1Fo'ttatlie p1'al $50 s'' =
the rehlaih ~ isee's eAtsssseu ICY o'aiNoss -
anii yet y y llos i..'te ~ s'a' !" -
az seFeFss petoSi7 ist'ins .ho Seesol. "''u1i
& ths A AiIs1 iofs9 year ihe h4ss@t ooiuit'ot ,eA
the elty was hsves neeses g. ei1t> season oi SN7
f year.
There was nothing 'tone IN k&ehange TO-DAY oe-
yond some small salss of bank checks on NcwE ork
at par. 40 transactions in seE'ing worthy of note.
It is not expected during the PRESENT ereutf1lepoch
that it would be discreet or Eradent to make pub
lie all exchange movements We have merely to
say that parties desiring to remit to Europe can be
accommodated with the best OF exchange by our
banks to some few millions Of dollars.
We have nothing to say of stocks. There are
sales talked Of but d. not learn these reported
sales are confirmed BY transfers The season of
dividends is at hand. The Gas Light Company
..s s
= Y, etu " o''s " pass tne
usual resoiuuoa. Inc Caaat bahk IS required by
its bylaws to make a dividend on the fourth Mon
day ofTuue which will he next Mondav
1..s55o''s u - - S ts4i,.oS Uh. utle1tots W iii'he
dlfldends q 30 naen of the prohtS OF the company
as to them may appear advisable Whether it will
ma . adrisabIa ~ aa,Iora Q ort ~ -, sy,o,.
= TIS W tt0nu's
- eAt' u W5ieslei - wiz "e aSVisape 70 pass aiGo-
gether, viii pc diyalged on the 9th instant The
bank has aboatene million and half Of dollars in
fopaign ayehanoa u,biob i ;,+ e. ,,roh d,a
@s. IN. 80 80 z 80 80 80
az LUIS lttae uhless tte aseats OF lhe bahk
in New York are using it sub rosa.
Rank shares in the citv of Nav 5-orl, ara ro;n,
i ~, q, ~ -, tyr,a,.4;a. - ,12s.I 20
Io1., y - ~ iot0s SUES u AtleF!can
3EeGchanSe Sank at 16; the great Metropolitan
Bank at SGGlS4: Park Bank at 7S61SO We wonder
how o,ii- osonfiam aitizaT of Nao, Orleans f,o .
5;aat., 4, ~ p.,, % ,s.zt,-\ "
- - u - - - - . = y L9' i oe9 @ az ~ dis s'ooh seliihs
aG$Azta8zo fsct. dls. Bank OF New1ork at so; Mer-
chants Bank at So; Bank of Commerce, 7e0lSo:
and If the yyar eontinnns for txvaIa ,noptbs 49,
s+ool,s vii, ,,r;,, ~
Y sstoeks, with many others, Wlti be worthless.
letters of inarque suggests points on which all the
PRINCIPAL merchants eonneete5 with America arc
a., ioo5,s ~ ~ All, " ~ 5as,;.a ;o.-
AlAtols Lle' ~ ~ optain soiiie ueinlte views.
we Iake tne loilo wing from the monetary article
i of the London Times, of the 23d NAV:
4tady 22, lS6l.--Sir: The commercial community |
is at present in the greatest uncertainty as to the
consequences resulting from the Rrtish Gpyern |
ment having decided to concede to the Southern
gontederacy OF North America the rights Of bel |
EFrlIA ir11FNp Hrpry 4~
that Southern pryateers would have to bring their
prizes into port of one of the seeded States in
order to get them legally condemned and it is !
generally concluded that, as the United States
navyls about to establish a close blockade of all |
Southern ports prjyateers, even if they succeeded
N eauding the boekading vessels and in getting to
seas Would mud It next to impossible to bring their
pFlIes ;. iiito a port for condemnation
Ahe Ahe besl legal anthoflues on this subject SEEM |
however, TO establish clearly that captains can
pFig thelf prizes INTO neutral ports and have them
Gohaeuiheu-8nlie tyihg IN such neutral ports-by |
prize courts sitting IN the captor's country.
I ma the following IN Arnould on Marine Insur- |
aace ana averages, Vol. 1, p. 646
= Mas aoI se!s tltls tnata prize court
though sitting in the country of the captors had no
jurisdiction over prizes lying in neutral port and
ii9fa otoWeit IN one case seems TO nave acted on
4ii es ptineiple onosequentiy, however, though he
sun admitted the correctness OF the principle, yet
shS lelt hiiiseh Doqnq oy Inc contrary practice
Whlca mad Tor SO long q period prevailed, and
acesa ny, upon tne rue winch y now dehnitiVey set
eu etitd taat we GohueiHnltl0n
oy court Of captors sitting IN the country Of the
captors upon prizes carried into neutral port,
ana remaining there IS valid BY the general usage
q !, nations There can be no doubt, and, in fact,
court sitting in its own country has lawful iurisdic
ton to condemn as prize captured ships brought
u fnlo e me ports OF an ally.
!. . M Mfufther VOL. !, pages 678 sec. 2f4 the PROPOSE
& yen 4bat y ~ =
lhattae sentence OF foreign Court OF Admiralty
o of Pfiae IS conclusive evidence IN our
court upon all points within its Jurisdiction, and
upon Whch tue sentence on the face of it processes
70 DECIDE, outaupon none other.
ana sl AGAIN, Vol. I, page SD:
And3tne condemnation, IN order to be legal, must
s ps pronounced ny prize court Of the Government
q lne captor sitting either in the coPtry of the
cannot condemn, nor can q prize corlrt If the cnn
Iofs act as such in neutral territory but
- ~ ol y captor sitting ~ the country
ils OWL sovereign or OF an ally has lawful iuriS