New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-14
SNsn Orleans Nlonep sElathst.

CRESCENT aFrls,No 10 Camp street, )
# Friday Evening Sept, Is, 1851.
Nothing especial Of special franspired to-day in
the general money and paper market. The week
r closing very quiet and tranquil. We have very
little space for general remarks this evening owing
70 the eommnnica alton inserted below on the great
squestion of the day currency and Confederate
treasury notes. The question is ably treated and
fully elaborated. Our leading banks may as we'll
take the bun by the horns Y first as last, and not
wait till they have lost all their coin. Let the
Question be met at once. 1t is Of no use to pro
crastinate. Let our banks stop issuing their own
notes and instead thereof base their movements on
Gonfederated Treasury notes. If these Treasury
notes, issued under the acts OF the Confederate
Congress, are not ereditable, then there win be
nothing creditable throughout the great South. 1t
would be the very worst Of policy for our banks to
be depleted Of their coin from week to week. The
] war may be ended in six months, and it may not
be ended in three years. Our banks have over
fourteen millions Of specie. We say. permit Them
to keep il. IT. will be Of no service whatever
boarded up in old stockings, clothes presses or iron
safes 1t is to be taken into consideration that nil
our banking statutes were not framed or enacted
to contend against political revolution, or crisis
OF the character now passing over the country. 1t
now remains for the Board of Currency and The
managers Of the banks to determine the course to
he pursued. We urge, take steps for making the
Goyernmental issues the currency of the country.
This can be carried out, and the coin retained in
the wants Of the banks We are not passing through
v commercial financial or overtrading crisis. The
way j. clear for harmony and self.preseryation.
At was quiet in and about the banks to-day
sfiiey take matters very calmly and quietly. Some
.eW ioans and discounts granted. Some light
sterling exchange at from 1O2@I03
Ine paflks sask le79ios SAY New York rates.
@s1s, On me bth lnst at for first
ca % Eng francs At these rates it
VIII not pay 70 Import coin from Earope Is a.. 4
mesnc exchange we have not much for remark.
Bank checks ON Richmond range from s60s s5et 4
discount, payable, of course, ID carreney IL ~
irawee,s point
. There Is some outside inquiry for gold, which Is /
dealt IN at rom ~ g5 and get. prem American
half dollars are in some request at from lao S9et
South Carolina, North Carolina and Georgia hank
notes are bought and sold over the counter at from
sl2 Vet. dis. Alabama and Virginia at about the
sanae Tennessee bank issues are taken at theS
same rates. Kentucky bank notes none Offering
sCoatederate Treasury notes are taken by dealers
~ ING way q trade. There are very few offered
for sale at the brokers.
Phere i nothing doing in land warrants. yery
good reason -als issues Of the old defunet Union
for land imposes In the Southern Confederaey are
worthless.
We have much pleasure in presenting to our
readers the following elaborate article on the issue
of the Confederate Treasury notes. 1t speaks for
tself, and needs no commentator from our hands
ahe citizens of the Confederate States will ma