New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-14
gem GrItaas Ilaufg IIatktt.
lREseEsr oErlE, No, 70 Camp =

ssgs atf4i GREseEsr 0rFIE No 10 Camp street.,
Wednesday Evening Nov. Is, 1861
N With the exception of some movement among
spectators to increase further the present extor
Tomato prices Of many articles of consumption
s there Was no peFcaptibIs variation in The general
paper market. Many of the Spectators cannot go
through unless they receive aid from the banks
The banks will, Of course, take into consideration
that their duties are not to foster and encourage
tile outrageous prices at which many kinds of ne
seasary articles are now held nor will it be recon
clabie with the public that they copntenance any
Il paper Of parties known to be based on taking adj
vantage of the present necessities, not only Of the
people, bntof the Confederate Government. That
sharp, lynxseyed President Of the Board of Cur
rency will be overhauing their portfeuiiles, "fas
~ Judge Rost did in 1913 1874 and 1885, when be was
T'Tesident of the Board Of Currency. The COM
mngling Of speculative paper with that Of regular
Ri business paper must not be allowed, It is about
~ time FOX our planters and factors to stop paying
about three prices for rope, two prices for baling
material and two prices for pork AS for salt there
has not been any cause shown why it should ad-
vance In one week from Sc to $l9t0ll.4 No, Moth
ing tosWarranti 1t, except that some few parties
v have little more money over than they know how
to use. Our banks were never brought into life to
depress the public thfongh discounts and loans to
monopolizers. ID hardly necessary for US to dis
cliss the course the banks should pursue during the
present disturbed state of affairs. IL Ii hoped and
confidently believed that they with not in any way,
manner or form, heed The applications Of the
specializing and monopolizing fraternity. Not a
discount ought to be granted to a. speeulator.
Speculators will offer paper for discount, and as
collateral, but il will be the very paper they have
receiFad for sales Of merchandise at two prices.
banks shall go before the Legislature with clean
balance sheets, uncontaminate with paper based
on salt, bagging, pork and other operations /
Tomorrow, the 18th, being recommended by the
President Of the Southern onsederacy as a day Of
fasting and prayer, several Of the banks gave NO
tice at an early hour today that they would re-
apond to the Recommendation that they would be
Slosed; therefore, all banking business maturing
tomorrow must be attended to this day. IL is not
supposed there will be any murmnring, yet we ex-
pect % hear the remark, e what right have the
banks to close ~ Happily these remarks are few
and far between. and apply to- cnrmudgeons, Of
NJ whom there are some few still extant Ess#
There were no movements in stocks to-day, Or.
ii rather attempted movements. Unless something
very Urinary takes place q majority Of our
~ hanka Will pay dividends within the coming sixty
The first dividend to be declared wilbe by
fss ne Canal sBank, on the fourth Monday of next
month, provided The board deemsit wise Is do So
Mi A dividend Of a set has no doubt been earned for
last ak months; ii not, il ought to have been
In NE meantime there has been an upward feeling
Ia the stock based on the election fol directors, to
take place next month, when, it ii presumed, Tile
1000 shares IF stock held id Northern States cannot
ha represented. ~ 3,,s,,,s, .ssi8-s .lsY
There vas nothing done IA stocks to day though
great deal of bantering was going. on. cry Ran.
road was held at 100. Verify, what great results
asise from THE action Of oneor two citizens. geriy
MenSgs i may be askedswhe first started Oh pro-
Jectsd she City Ralrpads2 Who pushed the asso.
citation through difficulties and the opponents Of the
measure n " sstssS Fs3 sss ss1fg u,
fnefe was nothing done IN bonds ID. day to our
knowledge. s8 Ms