The south-western. [volume] (Shreveport, La.) 1852-1870, 1861-11-20

Parish Association Credit and Circulation
The Natchitoehes Union has preached this su9ee
with much earnestness We think it merits seriou.
consideration. Its evident something must be done
The people begin to nurnur much, and their murmR
ings arc likely to increase. The Union says:
when study atteutively, the progress Of credit
circulation amongst u.s. since the commencement Of the
war, We shall BE convinced III establishing compa
rison between the past and the present that ii tae
ratio continues there viii soon be credit among US
and what will be still disastrous, nomonetary cir
cuatIon very day cashs disappearing, it is sent to
the city to meet our payments and absorbed by the
banks of New Orleans, from whence it never returns
oWhat will be tie end Of this financial crisis alread,
50 abnormal So sterile disastrous for the interests
of all No knows, for peace alone will cause this
state of affairs to cease aud reGstabIish the basis Of
credit within these extended and prosperous limits in
which it formerly existed Ii the mean WHILE the diff
fcgIties experienced by population, both agricul-
tura and commercial increase every day the planter
and the merchant, who possess certain amount Of
cotton realise the disastrous situation of this capital
which would be so powerful in auesting the fearful
march of the financial catastrophe which threat
ems us
"Let us not deceive ourselves. IF we do not i'm
mediateIv take energetic measures if the imninence
Of the danger does not cause cur citizens to form asso
cations in which agricultural products should be
the basis Of circulation and mutual confidence, the
powerful lever every viii be discouraged, and the
crisis will probably swallow IN, many fortunes. hbori-
ousy acquired and that too because We have remain
ed inactive and without crea attempting to initiate
proper measures for avoiding such deporable future
Seeing that our affairs are such ns reeurc prompt
and eracous remedy that necessary concerted action
which creates success in every thing has suggested to
many Of our planters and merchants an idea which to
Us ap6ear 50 plain 50 practical and 50 well calculated
to averttbe financial storm which threatens d. that We
believe to be our duty to deveope to our readers in
a summary manner the object Of q parish association
to make advances On cotton. in paper money.
"Ihe parish association which many distinguished
citizens of Nutchitoches propose to create has for its
object:
1st. To make advances equal to one-haff the value,
on tbenumber of bales Of cotton to be deposted in
an cntrcpot ad hoe.
end To issue bank bills Of /, ,. ., T. and dollars
in payment.
3rQ To suppress TINS ASSOCIATION the establish
mcnt of peace.
To the success CT "a II an elterprfe tI,rce tbings
ara Indispensable 10 The security Of financial onoro-
tion Of this nature.
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Affairs If re, tho '',''
small accounts ,,i.I, 10 ,,.,. F,.;m =,
that his credit i rood So ho M a ,,,,4 IL, i
Il II i Ie entirely Inactive Il nothing can b rcaIIso,
by it. if it can produce nothing as it cannot onerte a.
acrcuIatng medium and is consequently ueIos, in ,nv
business TRANSACTION
"Thus We have the workman, tha merchant and tbe
planter in an embarrassment the daplore effects Of
which are daily aggravated. AMI will be down to The.
fatal moment when hi will b,va ii NJ, s,,o,, il,
fortunately hunger cannotbe scspepdedn
"The necessity for some advances 70 tIa holders Of
cotton PAYABLE in p,per money is then So aran tbot
no one can dispute Il for these advances ; in n,rt
reastabIsl credit and c;rc,ya.iop AnI vat ~ - tI,o
present time nothing has been attar,tod 70 raua,I,
this evil We had, at first counted on advances from
the Confederate governments tbe answer IF The socre
tarv of the treasury must have o,apeI o,r ewes and
caused US to discover that we have notlnq IN boa in
that quarter. We must then RELY on ourselves alone
and endeayor ID remedy Ala eyiI ~ Grauu,, ~, III,
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