New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-03
Hth Nrlsans 5tIpntv 5flarktt.
osEseEsr ORR. No. 70 Camp sire,

MSnday Evening nj III SEPT SEPT. :, fsssi.
Nothing of a money market today. Some dis
position is eyinced to speculate in Treasury notes
Very fortunately, the wonld-be Spectators on the
wants Of the recipients of these notes are likely to
be checked. Our banks will not loan on deposits
of these notes, because that would be encouraging
the shavsrs and dealers to keep them below par.
II is hruited about that some Of folks who have
few thousands Of dolIars idle are disposed to buy
up these notes at somsthing like extortionate rates
= True, they do not enter the market openly, but
they have an advanced guard--a picket guard On
the look out; therefore, when our banks are APP
& preached by presumed owner of money, who de-
sires q loan on q pledge or deposit of Treasury
notes, it may at once be inferred that he is in the
market for bargains. These folks are attempting
to make q regular business of gain out of these
notes, aud attempt to dscredit them. Some of the
i brokers and dealers meet the case promptly by
i declining at once to meet the offers to purchase.
When q supposed capitalist enters a bank parlor
with his hat full Of Treasury securities, and desires
loan, may at once be taken as fact that he is
on seMutilitarian operation. 3
There was nothing done in exchange. Sterling
is heavy at l02@l04 for good bills. No inquiry for
francs There is some little demand for small sums
of exchange on Virginia. These are furnished at
rates much below par, being payable in current
funds at the point. 3
Rip Van Wrinkle has come to light Nineteen
years ago the old Bank of Orleans was placed in
liquidation by the order Of tile State and the Board
Of Currency. The notes of the bank were mar.
ketable commodity they were sold at all sorts Of
prices from 1592oc 10 dollar on the face up to so
N6oc. Some folks done WELL The banking house,
at the corner Of Exchange Place and Canal street,
T+ pnIt;
the hands of Samuel Nicholson, Brown Brothers s
Co. who obtained about twelve years rentals and
nse Of it, and then sold it for $4,000 Enough
said about the good Black Republican house Of
Brown Brothers q Co.
The following is the notice Of the court. Nine
teen years is not very long time to settle bank
rnpted bank
State of Louisiana VS.. Bank of Orleans:
Z BIRD DISTRICT COURT OF New 0RLEANs-No. |
6479:-Notice is hereby given to the creditors of |
the defendants and to all other persons herein in
ferested, 10 show cause within ten DAYS from the I
present notification, iii any they have or can) why
the final account presented by the receiver should
4 not be homoiogated and approved, the funds dis
ffibHted in accordance herewith and the said re-
eeiver discharged from all further trust and iabif-
ny nm y te premises By prdsT # The court
wv ~ sep-o oso C l4EBIAse, Deputy Clerk.
The following circular has been forwarded to the
patrons and correspondents of the two banks in
4
never moves without due study and consideration,
and the same remark will apply to the Southern
/ Bank The Bank of Mobila Aaa- q great prestige,
however, equalled by only as..e ether hank in the
United States. II never suspened specie payments
in the memorable conVulsion and requlsion Of 1897
to- 1912. .,s
The Southern Bank dates its organization since
that period;
On and after the 10th day Of September next, the
Bank OF Mobile and the Southern Bank OF Alabama
will receive in payment Of their discounted paper
the Treasury notes or 8 pct. Bonds Of the Con.
federated States at par, as well as their own notes
IL un collection paper payment will be required in
accordance with the instructions Of the owners;
put AFTER the above date no paper will be received
Y be received In ayments of the same
j.. s. GREEN i@ frs+ |
Cashier of the Southern Bank Of Mo,ile 4
sF5Bg sa4sls ID. q. SAMPSON,
G Cashier Of the Southern Bank Of Ala
Mobile, Aug. Is, 1851. -. y -"