New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-25


General business Is nov 20 contracted that very
limited discounts from our banks are required to
carry business on from week to week. Tho resi-
dent community will, a. matters nov indicate,
with some little longer probation, be able to get
along without paying it's respects to capitalists,
lenders ana shavers. 0fcommerciaI paper, there
b none making. Mortgage securities based on
good city property, as well IS sugar estates, are
passed now and then at from le012 aud l5 get.
1t ID unnecessary to alude to paper Of second and
third class though the greater part offering is in.
trinsieally as good IS that called AL and strong
In pursuance to the recommendation of the Gov
ernor, the banks were closed to-day; and in ODE.
dience to the orders of Major.General Lewis, all
bank officers and employees, one and ali, were per
emptorily commanded TO appear on Canal street,
and, OF course, bank returns and exchanges had to
be passed; consequently, we cannot furnish the
usual weekly statement till Tuesday next. We re.
garded to-day the same as q legalized holiday and
in consonsnee with precedent established two
years ago by the then President Of the Board OF
Currency the returns should be made on Monday
morning, though six of the banks sent in their
statements on Friday, last evening. 7
We have alluded daily to the movements in the
stock market, and have nothing to add except in
creasing frmness prevails.
In the Liverpool Mercury Of the 10th of October,
we find an interesting article the cotton supply
and neutrality of England. We extract the follow
ing: 1 ..--..45a
Now comes, in my opinion, very serious as
poet of the questionable decision upon which must
either legally enable you to procure cotton, or
completely prevent your doing SO until the termi-
nation of the war, be it Of long short duration.
Notwithstanding the view taken by the Federal
mt ENGLAND at with aanb
of the contending parties; her Consus remain at
their respective posts, both Northern and Southern
and those Consuls act under the authority of gen.
eral treaty rights. The Federal Government tells
England her trade and commerce must cease with
the bIocksded ports, and prepares by force to
compel obedience. Now mark, and mark we'll
The refusal to recognize the Confederacx- q bel
hgerent power, and declaring il De rebelous
and reasonable, places these ports in the light of
Federal property. II they be really SO, BY what
right OF international law have English trading YES
sells been prohibited entering therein and carrying
on their usual and peaceful operations BY what
right has a friendly and neutral power been ex-
cluded, not only by sea but by the stoppage of
postal communication by land, to the great detri-
ment Of its commercial and trading interests
England, however, so far as the Southern ports are
concerned, remains passive, notwithstanding her
probable domestic injury thereby. Let us now see
how she acts towards the Northern or Federal
ports, or ports actually in the occupancy Of and
held by that power. Her ships come and go, her
merchants buy and sell. She, by her gold, gives
aid to the Northern. WHILE by her obedience she
does not give similar advantages to the Southern
states. Not only does England do this, but she
enables the cotton manufacture to proceed in the
Federal States by supplying the raw material,
thereby vastly beneftting those States while they
declare to her that she must not purchase one bale
OF cotton from, nor supply any goods to, the
Southern States. Why? Simply because q family
disagreement exists.
Where now is England's neutrality? Tfthere be
neutrality, it seems to me to be remarkably one
sided II leans altogether toward the Federal side
everything that trade and commerce mot con-
traband) can do avas freely for the North but it
must be deadletter to the South because the |
North wills it should be SO. If it be decided by |
me BRUSH Government that such action is strictly
Legal Just and equitable in the face of her profess
ed neutrality, then she must necessarily be the
bona 1tde trade ally Of the North, and not of the
South. Should this view be correct, how can she
ne realty and truly neutral between both parties?
To be fairly and equitably neutral she must treat
both alike; she must either trade with both or
neither. Should she continue to trade with the
North, why not give the same aid and comfort to
ne South? Il her treaties be not violated by either
North or South, why should you not be able legally
% purchase cotton 2 If those treaties have been
5ltlated by the action of the South, why not the
act be declared by our Government? But SO long
q England processes to- act in the spirit of neu-
rality, she in common honesty must to be con.
stent, DO no more for the one than for the other
II the beiligerents. I ask you in oil fairness and
'andor, ought England, in her present position,
y help the Nofthern States to keep their mills
soing by supplying cotton which they refuse to
.lloW you to procure from the South-a material
he latter would not let them have at any price
rom them. sNNNee
Gentlemen, do your duty to yourselves and your
ountry. Call upon Government to throw OF the
bsurd and false mask of neutrality she at present
years. Let there be either formal recognition of ,
ne Southern Confederacy and alliance with the
forth, or real and bona tide neutrality, acting
owards the North as towards the South, and vice
ersd If neutrality, to be honestly carried out,
e perseEered in, then, although Northern ships
nay come to our ports, none must trade from our
hores. Let the Government act as it should, and
no very distant day you will have cotton in
bundance; but whatever you do, let not mere
american reports as to the events therein occur.
ing induce you to defer celebrating upon the
ositien in which you now are placed. Let NOT
ngland pursue trucking and ignoble policy;
ne is too great, too mighty, to be SO degraded.
-.' -@ 7'3N'E" THOMAS MCDONALD.