New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-08-21
Beh 0rIeaas Itlolleg Market.
CRESCENT orrlen. No. 70 Cam

Tuesday Evening August % 1851.
s The local money market offers nothing worthy
of remark. There were some outside negotiations
brought to close to-day, at the rate Of 1l2 get.
per month"; sufficiently high rate for any bust
ness now going on. The banks are doing little
the way Of one thing and another but that little
is connsd to purchasing afew thousands Of dollars
4 Of exchange, and granting some few fayors for
plantation purposes.
The telegraph advises that the Lincoln Govern
ment had obtained, or would obtain $4,000 600
from the banks Of Philadelphia, New York and
Boston. This is d delusion, and one of those dis
patches purposely sent over the telegraph for
effect. The banks of these three cities have agreed
to loan Chase Seward Go. $50, 000, 900, provided
they have the control of the Treasury notes now
being issued, and in course of being forced the
country as money. The Black Republican, FIRE.
mont, is making forced loans in St. Louis, and it
/ will not be many weeks before the banks Of New
York city will be called on to meet quota. The
Treasury notes Of the old United States are selling
in Cincinnati at from scr 43ct discount. That a
forced loan will be made on the banks of New
York there is not a seintilla Of doubt.
The following is the method in which Black Re-
puhlicans force money:
ST.. Louis, Aug. 14-Anether very interesting
point in the money market To- day the notifica-
zion to the banks and savings Institutions by Gen.
Fremont that they would be called on tomorrow
for s25a,0e0 as q loan to the Government. This
money Is on hand in this city, and doing nothing,
and the operations of the army are retarded very
much for the want of ready means, which this
amount will supply, and at the same time the
banks and Institutions may think themselves for
tunate that they have found SO responsible bor-
fowsr as Uncle Sam. and the community may con-
gratuiate itself on the putting into circulation of
nt r1fIEett nfpp Yl1f,n nvI hprn nfn 6la
IN attempting to sustain the thieving and forcing
propensities Of the Hessans, the monetary article
OF that Black Republican sheet (the Missouri
Democrat attempts to Justify the monstrosity of
stealing money under the following apology
Let no one conceive the idea from this fact that
there is anything like aseizure of the money of the
banks by the Government for every dollar will be
strictly accounted for, and interest paid as long
it is held, The step is taken to afford temporary
RELIEF where the money is too slow coming through
the or binary channels of the Government. What
effect this move will have upon Missouri money, or
exchaDg O. it is impossible now to tell but our i'm
preston is that it will rather strengthen confidence
u the banks and their issues, and give q more
favora BILE turn to the speculative tendency that
banks have given Treasury notes.
True, money will be coming too slow, entirely
too slow through the ordinary channels of Govern
ment and so TO cut the question short, Fremont
case in New York. Old Gen. Scott, by order Of
Chase, will say to the New York banks, you
must afford relief to the Government, deliver all
you cam.
Tine monetary Of the Cincinnati Enquirer, Of the
18th mat, says;
HWould be well enough for the banking iassitu-
tons on Third street to find out il possible when
the Cove rnment will make the demand here, and
the exact amount needed The supply of capital
in this city is abundant and il the Government
which we are told, be SO good borrower, we do
not see any reason to object in loaning 100000
5000 900 to assist in nquidating debts that should
have been paid ere this.
Don't be uneasy, Mr.. Enquirer, Chase and Lin
coin will be calling for all Third street and the
entire State of Ohio can furnish. Don't talk about
100000 or 5000 900, but just put on a few extra
figures, say IS ,oOo, oea or 100000 and that will
be nearer the sum the Buckeye State will have to
furnish to pay Lincoln, Seward Is debts How
Ohio will pay the direct taxof 567 1883, we can
not say, nor do we care.