New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-04
Nsh 0rleans @eIray NlarAet.
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cREscEsT QrEIsEt No. n Camp stress,


ssss Tuesday Evening" Sept. 3. 1861.
"a ho money and paper market o.day. Some two
three shayers are endeayoring tosdepreeiate the
Treasury notes but it will not succeed. Some few
shRndreds OF dollars are taken now and then. The
general opinion outside is that our banks will adopt
some rule similar to thatsof the banks of Mobile,
~ receive them in payment for their bills re-
ceiyable, Oh scounted paper. There is something
more than plausi bty in the suggestion. If mer-
Chant disposes Of his merchandise, or d planter his
prodnee for these notes, and can pay their obliga
Y lions 10 the baHks,i viii give an immediate cir
cuiation to the issues. Very Iitts more will be de-
sired to give them general circulation.
all the appeals of patriotism, in
faFor of Southern independence, there are parties
n drawing coin ia small sums daily for Northern ac
count, 70 send to the West in5some hidden manner
BY underground railroad. We have heard Of pass,
ports being demanded On all railroads, but We have
not heard of stage coaches and travellers on horse
back being Intercepted OF detained. Ii will be a
Tery pertinent question for our banks to ask of
Z eFery one calling for coin to know what they in
tend to do wtht. Stirring events are in course of
transition. No individnals#s thousand dollars
IN COIN at this time unless for some secret burmese
Those who apply for coin are obliged to take silver
half dollars to the extent of ten dollars American
and Mexican dollars to any amount at 1902; English
soyereigns at 81 s.; Mexican and Spanish doub.
looms at SIS 60, and the Napoleona 81 france at
VI S5 There are no two ways about it-such ii the
law. So when p bill.holder or q cheek-holder goes
into bank and says. II want halfeaeles. eaales
ordouble eagles, lie win Understand there are two
sides to question; thatitreqnres two to complete
IA negotiation. ss6 ~ 4. 5.l.s45
There was no Exchange Market Exchange on
all points IS dull--no demand. There are ne buy.
ing quotations. The banks sell q few pounds now
and then on London.
The Confederate Congress passed the following
act last week, which has been approved
b e y entitled an Act 10 repesl the 4
ssgas n ,s 95elgn eoihs dnedere States approved
SEc. i. The Congress of the Confederate States
OF America do enact, That from and after the pas-
sage Of THIS act, the fourth section of An act to
regulate foreign coins in the Confederate States,
approved March 40, 1861, be, and the same is
hereby repeated and that hereafter the following
gold coins shall pass current as money within Tue
Confederate States of America and be received for
the payment Of all debts and demands at the fol.
sowing rates, that is to say The soyerejefs of
England, Of no less a weight than five penny.
Weaghts and three grams, and OF the 6neness OF
a9l6al nine hundred and fifteen and one-haif thou
saiisths, shall be deemed equal to four dollars and
eightg-fiye cents the Napoleon of the weight Of
not less than CA dwt. and 81 graifs) four penny
weights three grains and 0He.half, and of fieness
MOI iess than (899l eight hundred and ninety. nine
,shousandths, shall be deemed equal to three dol
aars ana eighty live cents: the Spanish and Mexi
can aonblosns Of no less weight than q i dwt 81
gfains) seventeen penny weights, eight grains and
and OF the fnllness OF not less than ls991
eis6l handred and ninety -nine nousandths. shall
pe acehed equal 70 hiteet dollars and sixty cents