New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-26
TALK ON CHANGE. =

a few gatherings were observable here and there
on Carondelet street yesterday. There was some
harterng in cotton, to be delivered when the port
Is opened. The opinion appears to be gaining
ground that the cotton market ought not to be
dependent on recognition. Whether the cotton.
planters can force European powers to an early
recognition, is question that will be solved in
few months. Suppose that our Confederacy is
recognized. that will not remove the blockade or
open the ports For weeks and months an English
feethas been expected on our coast, but all that
has been seen comprises six gunboat here and a
steam propeller there. If the blockade off the
mouth Of the Mississippi is to be broken or forced,
we have got to do it ourselves. The aessians are
terribly alarmedsat the fire boats. They cannot
stand tar and turpentine, nor the Manassas, 1t is
hoped some satisfactory reply can be given to the
INJURY, /" where is tho Preble ~ In the mean
time there is talk of the Passes at the mouth of
the river being guarded by the Hessians at this
time and If the British Admiral commanding the
fleet in the Gulf does not regard the blockade as
efectual we should like to record some manifesto
stion on his part to that effect. va
The accounts of the defeat of the Hessian squad
ron, at the mouth Of the Mississippi, were received
at the Navy Department, Washington, on the 2lst.
They would not credit them, simply remarkipg
that our Com. Hollins was Boosting.
The babtues Of the flags retired at an early hour.
There was no life nor activity in trade except in
and about the sugar depot. Sugar and moIasses
eentnue in active request that is, the finer quail.
ties of the saeoharue. The weather is highly pro.
ptious for the, cane. The supplies of breadstuffs
are recediug, and something Of famine prices are
indicated. The country at large is under bountiful
supplies. The embargo in Tennessee is working
against free supplies for city consumption. In
Virginia there s an ample and abundant supply of
wheat which might find market here if there
were any facilities for transportation. The rail.
roads appear to be taken up for other purposes. =
E The seqnestration act is placing many parties on
the tehtera. The Confederate Court in Charleston,
-. G., was engaged all last week in hearing argu-
ments, pleas and motions on the constitutionality
of the act of course, it Ia not expected that it
should go iato full effect until debate pleading and
argument have been exhausted against it,. The
question Of whose pocket and what interest are to
be affected, appears to occupy the attention of
Lawyers and jursts. 81 ass. f35 M Y sg a..
Our remarks regarding the right of notary to
protest notes and obligations owned by alien enc
mics were deemed of such startling character as
TO bring forth many remarks pertinent to the ques-
ton involved. The communication below takes
exception to our paragraph, and questions our
position We must 60 back many years to under
stand the principles Of International law. We have
not room nor time, to go into lengthy review of
the question We merely call attention that 1t has
been repeatedly decided that commercial partner
ships with residents Of the enemys country are
dissolved by the aetof war; that every attempt to
carry on trade with the enemy or residents in the
enemies country through third persons ia unlawful
and Illegal. sjE4 ,r s'5y =. - 4 Ii, .s2r, 90
On the 9Th Of May last the Congress of the Con.
federate States declared war to exist between Ger.
sain States Of the late United States and the South
ern Confederate States, From that time all bust
ness relations commercial o-partnerships--
tween the citizens of each Government should have
ceased; but they were conducted as before, with.
ont any regard being paid to the rules of7war. On
the 2lst of May the Congress Of the Confederated-
States enacted statute forbddiag all debtors all
persons ia any manner indebted to individuals Or
copartners in certain States, from paying the same
except into the hands of the Confederate Govern.
ment. This law has been violated in times innu-
meraDle, and all persons, agents and attornieS for
Northern citizens should have Immediately returned
AL notes and accounts to the owners thereof Two
or three of our public Institutions did close their
accoants, but whether they returned maturing
paper " I'VE ,oHHefS is q question TO De solved,
Notary, in bis communication below assumes that
the holder of an obligation is prina aeie evidence
that the ownership is in the party requiring the
notary to protest. Notary, however, well knows
shat there are thousands Of pieces Of paper, notes
and bills OF exchange forwarded to cur banks for
ooiieeton, With simply pay to the order of -,
cashier. The owners or senders Of these obligations
may eoe Anguste Belmont, Geo. opdyke or Simon
cameron. They may have no endorser except the
ataWer OF maker, being payable TO his own order
N the form OF planters Draft on his factor. Win
Notary contend nnder the existing state of affairs
soaf ne IS bound to protest such paper or that his
protest can De valid for the benefit of Belmont,
opdyke or Camerons-that they may hold the
drawers or endorsers II there are any endorsers,
such being all alien enemies. Can he protest such