New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-15
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Nh CRESCENT OFFICE No 10 Camp street r
sss - ss Monday Ersaing, oci. u ISL.
There Was nothing whatever TRANSFERRED in the
money market to-day. The note and bll-brokers
aresresting IN satHeIs earned and capitalists On
nonors won. Some large cargoes of produee All
rived this morning that they were large for the
times. The sales of these cargoes, with the large
fnRs disbnrsed on account Of Government, keep
y Up 4 good supply of currency The calls for small
N shsnge or small notes, appear to be on the de-
Cline. The great defect at this time is in the snps
ply Of small notes Owes and tens which were eS
peeted to have been furnished through the Con-,
federate treasury. The banks suspended coin pay
ments at the Recommendation Of the Government
at Richmond, endorsed by our Executive. Con
fedegate notes are TO be tie contemplating the
war. Orr banks are aiding and sustaining the
Government by receiving and paying ont its issues
n A party has anything to sell Or dispose Of, and
refuses to receive Confederate notes, he or they
i may be regarded at once as sympathizers with cur
enemies and should be proceeded against accord
ingly.
The bank statement, published this morning,
shows decline IN specie Of nearly $4,000, which
has occasioned considerable surprise. An explana.
ton being asked for, results show that s22 600 de-
crease Il accounted for by an oversight at the
Mechanics and Traders Bank III rendering the
statement according TO the old mode, calling the
balances due banks as SO much coin, instead Of
currency. Rhedecrease at the Southern Bank, say
s26,0oo.i is owing to come dspositors ana coIlec-
tionsfor Tennessee /: So, with the sums paid out,
the decrease is readily accounted for.
Since the 18th Of Sep ernher the date 81 suspen-
sion, the banks have increased their circulation as
follows:
First week .ss2s $50
Tl;d 49,, IL
Faaita s s5sis
The city authorities change I'd the amount
.......4.....z 1900
ssoA7sB
AT this rate We Hheuld have5about six millions of
Paper money added To our currency ID d year.
This ought No. be ampe for all change purposes, to
which we may add the issues of liyes and tens Of
the confederated treasury which, we learn, WILDE
coming or@ard as fast as possible In the mean
tifnsy gold and liver are becoming as unearrent.
Most every person having ten or twenty dollars in
gold Or silver goes directly to the money dealers,
and ezciains bow much will you give for This ~
j1st the same as il it was cord Of wood or d hogs
head 81 sugar. N " sia ~ @'sa*
gA There was nothing done in exchange to-day.
Sterling isa held at l20@I22 up to 125 Nothing
doing in domest ia OF inland bills.
4 ARe republish the act Of the Gonfederated Con
gfess III regard to debts due BY Northerners to
alien enemies, that Is, the act of the 10th of May
last, with our PREDATORY remarks at the time
The Congress- of the Confederated States passed
an act prohibiting debtors residing In the South
from paying debts 10 enemies. This Il ID con
formity TO rules and laws of war, which have been
eoeFal with all eliigefenfs from time innfnenorial
fully estab lished during the war between France
mud taat 10 Ma n
United States during the first fifteen years of the
present century. The present attitude of events
therefore prohibits residents of New Orleans owing
money to alien enemies, which means all debts
due or becoming due in the Black Republican
States, from paying the same. Ner is it allowed to
pay debts to collectors who are now rowing, as it
were, through the South. We have before re-
married that parties receiving notes or accounts
from the alien States are bound to return them at
once. y q again repeat to all collecting agents.
that they are liable to prosecution for attempting
focoleet debt for account of residents outside of
the southern Gonfederaey. II ID presumed they
are aware there are eleven Sovereign States com
prlsing The southern COME deracy.
me following is the law now in force in the Con-
federate States :s5SsS M III j.H a n -
sm huSs &c sa Il s by
SEC. 1. The Congress of the Confederate States
of America do enact, that alt persons in arly man
ner indebted to individuals hi corporations il the
United States Of America (exeept the STATES of
Delaware, Maryland, Kentucky ana Missouri and |
ths District cf Golumbia) be and are hereby BRO.
hbited from paying the same to their respective
creditors or their agents or assgnees, pending the
existing war waged by that Government against
the COME States or any Of the slayeholoipr
States before named.
n SIC. 2. any person indebted as aforesaid shall
p 81 aIldis hereby authorized to the amount of
ns btedness into the Treasury of the ConfedeF.
ave STATES, M specie or treasury notes and shall
receive rom the Treasurer certificate counter
signed oy the Register, showing the amount paid,
ana On what account, and the rate of interest which
the same was bearing.
PIC y. such certificate shall bear like interest
VIII te ORIGINAL entracs, and shall be redeeable
a. close o. the war aud the restoration of peace
inspecie Of ~ equivalent, on presentation IF tba
original certificate ~ ~ - ~ - " ''t0
sEcss4 Il All laws and parts Of laws initiating
against this act, be and the same are hereby re-.
Pe sA7At HOWELL. GoBB
Approved May I'll, 1861. 8 - 50 n 'as'
JEFFERSON DAVIS. 25s
$safsus Of l9e #afssis. i