New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-06
Netp Orleans 9ailp Grestent.
WEDNESDAY MORNING, NOVEMBER 6, 1861.
TALK ON CHANCE.


TALK ON. CHANGE.
The flags have been for two days under great
quietness. In the absence Of the thousand and
more cotton buyers, brokers, shipping agents,
and shp1nasers, it is almost impossible to draw up
sergeants guard Of the habitues. There was
more talk about salt than anything else; in fact,
the article has been up to enormous prices
Ten dollars per sack was asked yesterday. Specu
lation has been rife in this article for some time
past. To show that there is no sound reasons for
the present e1tortionate prices of this article, we
call up the stock on hand on the 3lst Of August
last which was, Of course, salt in bulk--2G0,000
bushels-which was amply sufficient to cure all the
meat which comes to our market in barrels. The
receipts Of pork and beef at, our levee last year
was 236 ,090 barrels, which, with bacon, hams and
bulk pork, would absorb the supply during the
season, giving time next spring to prepare for the
demand for the fall of 1862. The stock of Liver
pool salt about 500 900, say 100000 sacks,
which, with the stocks in the interior, will go far
to meet the requirements for this autumn
The consumption of the article in the Confeder-
ats States cannot exceed more than eight millions
of bushels, which would allow about one bushel to
each Individual The lagoons in the vicinity of
Corpus Christi can, with light expenditure Of
capital, be made to furnish this quantity, and if
oh, yes, this if is an imposing word to get over
our men Of money, or presumed men of money,
had come forward three years since and completed
the Opelousas Railroad, salt could have been de-
liyered in abundance al Algiers at 20c. per bushe
But truce to salt, only at ten dollars per sack it
may prove tcklish investment.
There has been much talk about enormous fees,
great charges, on proceedings before the Confeder
ate District Court. No wonder there is such great
pressure at Richmond for office. Unless there is
some change, Richmond will become as famous
as Washington City. There was also much talk
about designations in the army of the Potomac. If
reports true the state of affairs is particularly
unfortunate. Possibly the resignation of General
Walker has given rise to the many comments.
Many recent appointments do not appear to be re-
ceived with favor. Then it was bruited about that
the Louisiana Brigade at Manassas was dsorgan-
lied. These are extremely painful rumors, never
theless they will be talked Of.
Later accounts were received from Europe yes
terday. The Europa, Of the 10Th of October, was
announced as having arrived at Halifax. Quota
tions OF Middling Orleans were lO3d. The advance
for the week shows the effect of advices from this
side. The stock of all kinds was 633000 bales,
}
$500 bales were American against $50, coo bales
same time last year. 4...
Letters were received on Monday from Liver
pool via Charleston, supposed to have come by the
way OF Havana; so it appears that the steamer
| which conveyed Messrs. Sdell and Mason to Cuba
must have arrived in the vicinity of Charleston.
The sequestration act of the Confederate Govern
Inent will probably come up before the District
| r., ba bat3 3cbo I'M tht diatr org
aud attornes will be plenty, and much argument
4 will arise in the course Of proceedings. Unhappy
for the cause Of the South there is disposition
evnced to contest the legality of the act, that is
the authority or power of Congress to pass the
statute 1t is idle, however, to make plea of th:
charac cter-the question has been fully debated be
| fore the Confederate Court OF South Carolina, ant
decided against the contestants and opposers, as
will appear from the following extract from re
view of the decision
| The main point decided in the was that the
| sequestratlon act was the constitutional exercise
| by Congress of the power given to it under tht
Constitution of the Confederate States to declare
| war and to make rules concerning captures or
| land or water. The power to confscate, or other
wise deal with the property of enemies, within the
territories of the belligercns, in time OF war, be
| longs to every nation and that power, in these
| Confederate states, was given to the congress o.
tne ConIederaie states under thlt pofliOn OF tle
Constitution which gave it the power to regulate
| captures In this general power OF contiscatton
| debts are not to be excluded but are to be re
| garded as another species OF property. There wa
| no foundation for the argument that the power tt
contscate in time of war was in the States and no
| the Government of the Confederate States
| The exercise of that power i'll the States-if i
| could be supposed to be there-would be so con
| troiled by the treaty making power, and othel
powers which belong to the, Congress of the Con
| federate States, that its exercise by the States
| would be subject to such control, and, perhaps
prohibition as would be Inconsistent with the ide;
| of the sovereign power of the State or nation
| The seqnestration act operates directly upon th'
property mentioned i'll the first section Of the act
By the terms OF the act the sequestration of al
such property was complete, and such property b.
that act of sequestration becomes absolutely ant
lawfully the property of the Confederate States a
if the title to it has passed from its former oWne
for valuable consideration.
| The duties, therefore, which the act declare t.
affect the citizens of the Confederate States III re
lation to such property were duties in relation t.
property which belongs to the Confederate States
! and could not be considered as duties which at al
existed in connection with the property i'll whlc
| alien enemies had any interest remaining. by tn
| operation of that act the interest of such allie
| enemies had become completely eXtngulshed, an
, their title instantly divested. The proceeding
which were contemplated by that act, were pre-
:, ceedings contemplated for the purpose of enablin
, | the Government to recover the possession of tha
to which it had thus established perfect right {
property. ...a~ E ..
The demurrers, therefore, in all cases were owe
ruled.
We learn that the property of Judge James \
Wayne, of the old defunct Union Supreme Cour
has been sequestered in. Savannah, he being COZ
sidered as an alien enemy. The talk on our flag
is, that there are more alien enemies in our mid:
than most ordinary observers are aware of. Th
white washing process - which can convert
Northerner or Black Republican into Sonther
citizen, By simply paying three dollars--is sti
followed. The talk is, that our authorities shoul
require every individual arriving in the city to II
port at the Adutant Generals Office. The rule n
quring passports to leave the city should appl
the other way. There are hundreds of Southern
ers, that is, they call themselves such, detained
Louisville and other places. We talked to man
of the absentees previous to their departure, al
told them they would have difficulty in gettir
back, The fact is, no real, true Southerner, oug
to have been found in the dominons of Abraha
the First after July last. In the meantime, we wi: