New Orleans daily crescent., 1861-08-30
aen Orleans Dailp Crsstent.
DERARTNIENT COLUMNS
Esm 0rlealts NIanev aIarktt.
C,Sgsos1r orstos, No. 10 Camp street,
DI,.,rstinH ENnYalnsr "A nnlist 30 lshl

Thursday Evening, August %, 1851 5
Blue Thursday to-day. Rain commenced to fall
early, and kept falling through what heretofore
has been called the business part of the day. But
there are very few transactions beyond retail
orders for plantations. There have been several
shipments OF merchandise for Tennessee, and we
think that our drygoods jobbers and shoe dealers
have sold nearly as great an amount Of merohan-
disc shis month of August as they did last August.
There were no sales OF paper to day to our know,
Z lege.a Tho banks discounted few thousands OF
dollars Of new paper, and renewed maturing obli-
cations.
The currency for the future will in all probabil-
itv be in Treasury notes in part. Ne agreement
has been made among the banks in regard to them.
The Southern Bank received them yesterday and
to-day On deposit from its customers, and will pay
4 them ont on the depositor's checks. Through this
method an implied legality and current action will
attend them. " was grave omission on the part
of Congress that these notes were not made legal
tender for oil transactions The constitution of the
Confederate States is entirely silent in regard to
paper currency II says that no State shall enact
laws making anything but gold and silver legal
tender. But as regards the issues of the Confeder
ate Government, it makes no alluson. The; Con-
vention OF Louisiana ordained that bonds of the
Gonfederated Government should be received as
security for The issues of banks. The Legislature
at the coming session can ordain that these Trea-
sury notes shall be received for taxes due the State
and say nothing at all about g legal tender.'' s
Ut will be the bounden duty of legislators to
facilitate and aid the Government Treasury. AS
one Of our banks has agreed to receive the notes
and pay them out in the same manner that it has
silver half dollars, it is supposed other banks
will follow. If the Confederate Congress has the
right {an unquestionable one) of making the iss1es
of the Mint, say silver coin legal tender for $40,
it certainly has the right to enact that Treasury
issues shall be q legal tender for $40 at least.
The movements in Exchange today were simply
confined to offers. Sterling we quote at yesterdays
/, figures, soy lo2@l0a, or perhaps lower. Offers
we're made, as some parties are bearing the mar
ket down and only few buyers at hand.
The Stock market was exceedingly quiet to-day.
Y We did not learn of q sale.
10 keep up our record we-append the return of
4 the banks, as made to the Board Of Currency on
tIe Gath inst. A slight increase OF loans and dis
counts is observed, while there is an increase in
she line Of deposits which is something unusual at
this season of the year, and particularly during
crisis The amount of indebtedness of the com
pllnity is over ten millions less than at this time
last year, say against s29 1856 s7s same
time last year. The specie reserves are four and
half millions in excess Of the corresponding week
last year. and the circulation nearly three millions
less. e *. s.
Coniitio the Banks of this city for feiweek ending
.Au %. 1851, att