New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-08-01
Hin Orlsans Dailp Crtstfai.
Nttu NrItals Muntp 5larktt.
-. !. 49, So, f,fnrI rRI n

as O latent dasp0slen 70 TeIl 70 NoTtueIu ciahSit
sums Of money, say for debts and for rentals, The
laws Of the Confederate States are violated from
\ day to day. For instance, the tenants Of many
landlords residing in Northern cities have given
their notes, payable monthly. These notes are
lodgedin the hands Of agents for collection. me
paving of these notes Is rank treason 70 the South
ern eonfedaracy. Some of the agents and holders
Of tllessI o. II. say they have discounted these
notes. This is admitting that their principals are
or have been very n hard up, if they have been
standing the shaving process on rent notes. The
Northern states are applying the coniseating pro-
cess where ver they can find Southern assets. The
time retaliation the part Of the South has ar
rived Eat retaliation aud eonfscation be carried
ont to the fullest extent.
There was nothing done in Exchange to-day be-
yona Tie nslal retail sales for light remittances.
\ We quote Sterling ll0@II04. Our Canal Bank has
aIarge balance Of Foreign Exchange which it is
supposed is for sale at these figures. We are not
informed that this large balance is under control of
the New York agents. As the time has arrived for
ali our banking Institutions to close their respec-
tive accounts with enemies, it is to be assumed
that the Canal Bank has, like severalof our banks,
closed its accounts with New York.
The Bank of New Orleans has placed to the ere-
dit of the Secretary of the Treasury Of the Con-
federats states the further Of 10000, making
i sls0,000 advanced to the Southern Government.
the Southern Bank, Il will be reeollected, ten
dered TO the State of Louisiana in January last the
sum of $50 900. Governor Moore, at that time, ae-
knewledged the sender, qualifying his answer that
the state did not require the money nevertheless,
this sum has been at the disposal Of the State for
the last six months and passed to its credit. 1t has
Hal fn,. 10 mai Nba ia
Bank, through its branch at Baton Rouge the day
afterwards rendered 900, which was accepted
i and SiIl also be called for.
The Beard OF Directors of the Louisiana State
Rank to-day declared the 18th dividend. 1t was 5
pet outof the earnings for the last six months-a
very nice plum for those Interested II is payable
on and after the 10th of August.
I'll the general Stock market there was very lit
Tie done to-day. 1t is not expected that We should
have large sales to chronicle at this time There
were sold 50 shares City Railroad al lo7s, and 125
shares at the advanced figure of no. bargained for
we hayetorepeat that the City Railroad is an in
stitutEon fixed.
The adjourned Convention Of the Banks Of the
Confederate States assembled at Richmond on the
9th July. There was only one bank Of Louisiana
represented. The second days proceedings were
4 tile hanks represented in the Convention will re-
ceiTe IN payment, or on deposit, and pay ont dur
\ az the continuance of the present troubles, the
notes of all the banks in the Confederate States Of
America Virginia, North and South Carolina,
Georgia, Alabama, Louisiana and Tennessee. 1t is
utterly impossible for the banks of Louisiana to
accede to this resolution. The banks of Louisiana
\ cannot suspend specie payments. The extent that
;sx Tl,aE ALI
Congress Of the Confederate States enact that the
Treasury notes Of the Gonfederacy be a legal ten
der, they can receive them and pay them out.
" bile, however, considering the resolution of re.
eeivng aud paying out the issues of all the States,
fhe Convention very justly and appropriately re-
solve that any interference with the present regu-
iations Of receiving and paying ont the paper cir
cnlaton of the Confederate States would be unwise
: and iuexpedent. The banks of Louisiana cannot
deyiate from the statutes under which they hold
their charters II the Congress of the Confederate
States enact the issues of the Treasury to be a
! legal tender, such act will be daly respected
recognized and carried out; bnt,dont suggest that
the banks of New Orleans should receive the notes
of the banks of other States on deposit or to pay
! them ous This would be requiring too much.
THE SOUTHERN BaS8 CONVENTION.
y Riclss,t3rad, july rs, 1S5l.-The Convention met
and on he CAB of the President the following addi-
fional delegates presented themselves and enrolled
their names
sssourH CARoIINa .--E xehange Bank, John Cald-
! well Bank Hamburg, i. w Stokes and William
Il Gregg ts4
III AIssBAaA Central Bank ~. Whiting.
NoKTH CARolINa. Bank Fayetteville, G. W
Broadfoot; Bank of Lexington, B. A. Kittrell;
4 Branch Bank Of the same, Graham and E. i. Wat
son; Bank Of Wadesboreugh, Fl. B. Hammond.
TENSEssEE;-B Bank Of West Tennessee, n A.
Nelson; Bank OF Memphis, NJ j.. Wicks Branch
y of the Planters Bank, Memphis, d. A. Shepherd
GEoRGIA.-City Bank Thomas Barrett; Georgia
Railroad and Banking Company, ]. W. Davies
Bank Of Medale, Georgia, w. B. Johnston; Mer-
4 chants and Mechanics Bank, w. b. Johnston.
The minutes were read.
On motion of DR.. j. g. NJ. Ramsey, the following
resolution was passed;
Y Resolved, That the Hon. @. G. Memminger,
Secretary of the Treasury othe Confederate States
of America, be invited to take a seati this Con-
ventiDn, and participate in its deliberations; and
committee Of three be appointed BY the President
70 wait on Mr.. Memminger, and notify him of the
II Tie following resolutions were referred to the
Committee On Business, without debate, by Mr.. G.
8 w. Mordecai
Resolved, That the several banks represented in
this Convention will receive in payment or on de-
posit, and pay out during the continuance of the
present troubles, the notes of all the banks in the
confederate STATES Of America, as may be desig
mated by the following banks in the several States
80 rgnla, North Carolina, South Carolina, Georgia.
Alabama, Louisiana and Tennessee.
Resolved, That the Standing Committee be in
strncted to inquire whether IS expedient to adopt
A any and what measures to provide for the engray-
ing and printing Of bank notes and the mannfae.
ture OF bank paper within the limits Of the South
ern Confederaey.
The committee appointed to wait on the Score
tary of the Treasury, reported that they had per
formed thas duty, and that the Hon. G. G. Mem
minger was then present The President intreduc-
ed the Hon. @. G. Memminger, who briefly ad
dressed the Convention, expressing his qualification
and that OF the Government at the liberal manner
u which the banks responded to- the call of the
Government, and offered several valuable sugges-
4 fons for the consideration of the Convention.
Mr. 6. a. Trenholm offered the following resolu-
fon WINCH alter some debate, was referred to the
COMMITTEE oa Business
RESOLVED, That the planters Of cotton and other
produce, responding with great spirit and libefaity
70 NE calls Of the Government and subscribing
argey IN the produce to the proposed loan for the
defence OF the Confederate States it is hereby re-
commended to all the banks throughout the conn
try 70 make 70 planters who have thus subscribed
portion OF their cotton and ether produce in aid
= OF the Government such moderate advances IN tbe
remainder Of their crop as their necessities NAV
require, to be refunded when the produce shall he
sold. Z : S 4'.''.' W
The following resolutions, after a genera: and
Interesting discussion, were referred 70 the same
committee: =
r.. n. = X