New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-13
2ke0 Otle1Ns AaI!D Grescgnt.
FINANCIAL BH0 C0MNERcIAL DEPARTMENT.
JeD OrIGans 5IE0ney 5fIarAet.

| weekly LOT some time pas, they would have been
| IN position and prepared. We have for weeks past
used the words, " be Prepared" and VIC hope all
are prepared. That an appeal 10 arms and gun
| powder has beeE male there is not doubt. On
that point the question is settled. In the mean
time, the offerings Of paper are not increasing.
True, some Northern folks desire TO realize, and
are applying 70 our banks for discounts with the
paalm-ainGing phrase, q we will take the proceeds
in checks on Nc" York; We canton our bank
maRdators against these hybrid citizens. If these
agents, branches, have any claims against our
banks, let them be presented at once and paid
But bank directors are cautioned not to fall in
the snare when list c. paper is offered, that the
proceeds, Or any part thereof, will be taken in
bank checks Oh New York. TINS is a very small
Leer business. 1t is one that has been pursued for
years. Tho time has arrived for its being checked
What obligations the banks Of New Orleans
under to furnish the sineHs Of war against the
Southern Confederacy, through the muItfarious
workings of trade and commerce, which they will
most aaauredly do by granting facilities and Gis-
counts to the several hundreds Of QHGsi citizens
now about taking their departure for the Northern
States? We have only to urge upon our banks to
keep your large surplus for the advantages and
benefit Of the C0nGod Grated States Of America
Grant no more discounts for the benefit Of Black
Republican cohorts For instance, we are pretty
positive that money indirectly has been going
thither to tTorttlwarI cities, which has in great
measure encouraged the New York stockholders
and bankers (they are SO called) to offer largely
for the recent loan, which has provided the basis
Of the hostile movements towards the South. Had
not the New York bankers and capitalists sub
scribed so literally to Abraham Lincoln's late loan
~ I,,,-,
attained.
It is extremely notifying that we find so many
parties largely connected, as they have been for
years with our city, engaged in taking this loan.
As it is, it is charity to consider that they and all
subscribers have been most essentially bamboozled
and diddled by Mr.. Lincoln and his advisers. Nais
II iap0jte, we understand their movements.
We have nothing to say about the discount mark
ct to-day. The rates of interest were in favor of
lenders though a majority of them did not appear
to have any idea of what going on, and pre-
tended they had no money, OF were not doing
any1,ing to-day" The members of the honorable
tonsori4I branch of lenders were taking matters
and things calmly and cooy--talng paper at the
last rates. say II, Il and II per cent per month
and as it would be wasting time to be making out
table of quotations, we have only to say that
time. If holders and owners do not choose to sell
it at reasonable rates why they can hold on TO it
however, summer season is at hand, and our COM
munity can get along with very light modicum of
money.
There was nothing done in stocks or bonds to-
day and it is no time to talk of the value of bank
shares, neither to buy or sell we pass them over.
The exchange market was operated on by the
ittIo
checks on New York at the banks; some small
| amounts were taken at and per cent premium.
| Outside drawers were asking premium down to
! and par. But, to cut long version short, we
may as well come to the point at once, and say
that there was no exchange market to-day, that
the counter demand for checks was the only susie
| nance of the market all round.
Capitalists moving about the loan of the
Confederated States. The directors of the Bank of
New Orleans resolved to subscribe to the amount
of $l5O,OC0. Other banks will in all probability
follow.
The uncurrent money market has been very
quiet, There have been very few arrivals this
week. OF course, it is not expected there has
been any surplus of distant bank notes Offering.
Dealers on Camp street have been taking all bank
notes that have margin Of at least fifty cents on
the dollar as value. The issues Of the banks of
| Wisconsin and Illinois are regarded only of a
| sulphurous nature liable to explode at any mo-
ment But it is really laughabe to observe on
| some money table in the Western cities say Gin
cinnati that the issues of such banks as the State
Bank of Ohio, free banks in good credit State
| Bank of Indiana New York City Banks, NewYork
banks and New England banks are considered as
bankable funds, and that the banks of Louisiana
ara | ~rt discOunt This is abOut the richest i0l5n