New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-14
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tn Saturday Night, Oct. L, 1851
There has been large increase in general bnsi-
Z ness fha week snch as tie state of the country
y admits. The demand for merchandise or staple
goods almost every description for Virginia and
# Yennsasee has given an impetus to trade that was
not expected at this moment. The very large
Eargoes which have been taken from our Ieyee this
week by the numerous packets in the Memphis
trade, Assignments by railroad, conffmatorg
of large sales. In afew weeks we look for an en-
Iarged demand in sugar and rnoasses. though not
to the extent Of last and previous years. The
transactions in the great staple, cotton, has, Of
course, been deharred. In the general local and
retail trade the movements are on the most dirn-
utive scale. Retrenchment Is being carried out,
it should be, to the fullest extent by large ma
sOrity Of our population. Here and there may be
II observed attempts to keep up the routine of
Fashion, pomp and splender, going to show thatthe
somewhat vitiated tastes and desires whfeh, have
50 long been followed are still endeagored to be
sustained. 54 Hv
There il an abundance of employment fol-: all
mechanical and Industrial branches The war may
intaFfere with some few branches Of industry, but
the exceptions are rare. There are many indus
tries, several branches of mechanism, which ought
ut this time and during this crisis to flourish. They
would, If our citizens Of capital owners Of money
would come forward and support them. They
would not, however, require any support after
y they were inaugurated and in operation, beyond
\. what the products would yield. There is unem-
ployed money in onr city lying idle in, our banks
to the amount of six or seven millions, of dol
lars There il no prospect whatever Of dealers in
paper discountersor capitalists, as they are called
having the least remote opportunity of following
their vocation, viz employing their morey during
the continuance Of the war. That may be- one, two
or three years. In the meantime, they can foster
and encourage several branches of industry and
manufactures, which would go greatly towards
rendering the Independence Of the South reality,
+ fact. On the other hand, should the South have
to submit, there viii be no further want. no usefor
capitalists or money owners they will all be swal
4 lowed up in the general vortex Of ruin. ,. 4,
The general money market during the week has
moved along quietly far as money itself can be
called an item for comment In paper there has |
I been no market Some loans have beenm made att
short date on sugar paper At I82 et. per month.
There is no such thing as cetton paper talked of.
WHAT'S the use Of issuing or making paper based |
on cotton, when one, two or more years may inter
vene before the cotton can be permitted to come
TO market. The weekly return of the banks shows
enrtaiment for the week Of s72, o46. This is
voluntary, as the banks renew all paper when re-
aaired, though all payers do not ask an extension
7 " is the outside paper which causes the most
anxiety Az there are large sums of this kind subj
jeet 70 questraton, aceeptora and payers will,
is believed, obtain indulgence and extension
through the Confederate receivers. Cotton paper
cannot be paid in full this season, even il the Con-
federate Government should ADVANCE on Dr. buy the
cotton. The line of deposits show hi in