New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-09

| One important feature in the above table must
| not be overlooked. Twelve hundred bales were
| taken by the factories in the neighborhood of
| Augusta for home use, where there was not bale
taken last year. This looks auspicious, and leads
us to suggest and talk of the great Importance of
establishing manufactures in our city. There is
an abundance of capital in our midst now idle and
as the days of cent. per cent. are for the nonce
hors du combat, owners of money and capitalists
cannot do better than turn their attention to cotton
factories. True, we shall be met with the argu-
| ment that England can manufacture goods cheaper
than we can, in other words the operatives and
lahorersof Europe can do our work and manutac-
turing cheaper than we can do it ourselves. But
the present beligerent state OF affairs may last for
years, at least two, three or four years.
| There was some talk about the Hessan squadron
having approached within nine miles of Fort Jack
son. One or two of their steamers may come up
and salute the forts with shot two, just to draw
the fire to ascertain the range of the guns at the
two forts, then return for reinforcements. Daily
additions are being made to the feet outside. Ten
vessels were reported in all yesterday morning
Two sehooners were captured on Saturday last
after leaving Berwick's Bay. The vessels that
went out with the last norther have not been
heard from, and it is believed they escaped. The
two vessels captured on Saturday were loaded in
part with tobacco.
We are asked the price of a Lincoln pass, second
handed, they being issued gratis in Washington.
We refer our inquirer to that Black Republican we
saw on Carondelet street few days since.
We did not intend to talk on the sequestration
act this morning, only on the very excellent 8p.
pointment of an additional Receiver, in the person
of Mr.. George W. Ward. Some of our talk being
crowded out yesterday, We give it this morning
Talking of the sequestration act brings up many
features and items of interest. The act reaches
and peryades all family circles-every household
where there is any connection residing in the
States with which we are at war. We have alluded
to many persons who came to New Orleans with
out a solitary dollar which they could absolutely
call their own, amassing money, Withdrawing it
from our city, building fine houses, palatal resi-
dences in Northern States, and repudiating the
great South, socially, commercially and, we may
say, politically. Nevertheless, since the war,
since July last, these parties have endeavored to
prove that they were Southerners in politics, in
commerce. in sociaiity and in the dollar of course.
Nevertheless, we do not learn of any talk that
these parties have returned to the South and aided
the great and glorious Southern cause. No; on
the other hand, we learn of their going to Europe
to spend few months, or to wait till the war is
ended. Is this Southernsm, we are asked. This
brings up the question of deceased estates which
descend to supposed foreigners. For instance in
our last talk we said that Mr.. Thomas Medley
dry goods dealer, was the owner of 262 shares of
very good bank stock. Lucky fellow, he was, to
secure that, and something more besides, in vend-
ing dry doods in our good city. The friends of Mr.
Medley inform us that he has been dead fceased TO
exist, we presume) about six years. Well, as we
did not say that Mr.. Medley was alive nor dead, we
have merely to remark that Thomas Medley is
credited on the books Of one of our old banks 1--WE
wish it was to our credit) with dividends on and
stock, say 262 shares; that his heirs are said to
reside in England In the meantime, it is suggest
ed whether this stock does not come under the
same law that affects real estate descending or
going to foreigners that is, whether the State is
not allowed ten per cent, or one-tenth of the
same. We have not time at present to look into
some oil. our old musty law books to decide this
question.