New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-16
Ueh OrIeahs Dailp Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT
gleD 0rIeans 5Noney IIarhet.
GRssc-NT OFFICE. No. 70 Camp straet, =,
Mon lay Evening, April II, 1851.

h'Ek w ICE, no ~ stra9t,
Mon lay Evening, April Il. 1851. )
The political agitation was the chief topic Of
comment to-day ne Vertheleas, the money market
moved along smoothly and quietly. The calls on
the banks for discounts we're about equal to the
income. In some circles the most important
movement was in regard to the election for direct
Of the New Orleans, Jackson and Great N ORTIZ
Railroad. Mr.. Ahraham5 proclamation was
lost sight Of We did not meet with citizen who
appeared to care a straw abC1t it. The great eI
element for three Or four hours among the solid
men of car city was about the Jackson Railroad.
We have Iauch pleasure in stating that the tickes
put forward by the old patrons Of the road, though
there are one Or two elected whose devotion to the
Southern interests have been doubted, and FOR the
very best reasons. While commenting the
political status Of the successful ticket let it be
understood we DO not allnle in the ren2otest idea
to the six directors elected the part OF the State
of Mississippi, and we will go step or two further
and say that there is only director elected to
whom our remarks apply.
The ticket comprising the following names YVES
elected to serve rs directors of the New Orleans.
jackson and Great Northern Railroad Company for
tie present year:
H. ]. Ranney, A. NJ. Holbrook,
c. FelIOwes, John Fog,
NJ. o. II. Norton, Hy. FlOrance,
p N. Wood, u. Warren,
E. Solomon, II. W. Schwartz,
John G. Gaines, Richard EsteTbrOok,
MISSISSIPPI.
". Melville, Writ Adams,
&C. Shackeford, james McAdo7ey,
Iames Draue, l.. E. Houston
We are not aware that it is necessary to allude
to the almost insurmountaDle difficulty which the
present Board of Directors lave had to encounter.
5nbt yyoa of ha
which has been largely curtaed the past year.
However, az it is not our provence to take the side
Of either ms or outs, we merely have to say :llat
the jackson Railroad Company will pay all its
debts, and aid greatly in dety:ng Mr. Abraham
Lincoln and his freebooters.
There was very little done in the money and
paper market to-day. We did not hear of sale,
nor did we meet with note-broler or dealer il
paDer but had son, a relative, friend going
for the great fight at Pensacola, and was DESTROYS
of seeing him off. We have, therefore, very little
to say about the paper market.
The Exchange market quiet. The counter
rate for checks on New York was steady at
premium. Outside the rate was ! premium, but
there are only two or three drawers outside that
can sell large sums, and they sold freely at prem
As for sixty day bills on New York, there is no
sale-nobody will touch draft drawn on New
York at that sight under SOLO get. off. The New
York folks have put their feet into pie which they
will long rue, though they were handsomely did
died and bamboozled by taking the late loan to
furnish the sinews of war to cut their own threats.
1t is useless for them to mourn over the past. But
New York is gone case, financially and CONNER
ciay.
In the general sterling exchange market there
were some transactions to-day. We note sales OF
clear sterling at the reduced late of lO53 up to
| l06i. Bills with documents ranged lower, without
any large sales taking place. There is no difficulty
in ncgotia ing sterling, though at low rates on cot
ton shipped in either British or American vessels,
when it is shown that such cotton is on British &C
| count 1t would be idle for any one to attempt to
prove that cotton or other produce purchased here
and paid for by bills Of exchange on London, oil
the proceeds thereof, not really and substan
tally British property. Let US illustrate the cast
fully and fairly. If an English citizen purchases
one thousand bales of cotton here in New Orleans
and ships it on board Of a vessel bearing the Ole
Union register and tlag-the cotton going to Eu
rope-is it not British property? Let Mr.. Lincoln
squadrons dare TO stop such property; that will be
| the question,