New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-22
Nsn NIIsaas NIgles IIaIkst.

Monday Evening, Oct. q, 1861.
There was nothing of a money market to-day.
There were many remarks on the Geographic dis
patches from Richmond III regard to the cotton Or
produce loan. 1t is manifest that further legisa
zion d necessity in regard to the advancing on
Che part Of Government on produce At least so it
is inferred from the views OF the Secretary ct the
Treasury. OF all things, we conceive ID our duty
to contend against army Of ofice-holders, which
wound follow any legislation authorizing agents to
be appointed to go into every county, visit every
plantation TO ascertain the desires Of the planting
community, or what amount Of produce may be
rendered To the Confederate Government The
operation can be carried through by the instru-
mentality Of the factors. They, and they alone, 4
are the proper persons to be designated, by which
thu grand projectean he realized. OF course, the 4
Confederate Government can designate orsuggest
thas The Governor Of the State, with the Attorney
General. be authorized to act with factors.
We have before opposed the setting aside Of
factors ID this arrangement. tt would be unjust
unreasonable and at variance with all principles Of
aonnd policy and justice for the Government to
step in and set aside the factors control Of the 1
crop. articalary when they have made advances
As regards cotton, the Secretary of, the Treasury
says thatit is expected that the factor will pay
ever the proceeds Of the crop, or the part snb-
#seribed 70 Iie loan to tho Confederate Treasury
The Secretary oFerlooks the great and important
stats of the cotton crop that cannot be sold as
cannot be exported. 1t Is dleto allude to pro-.
ceeds sales this juneti1Fe. The only salvation
for tiie planter factor and the cotton community,
Is for an adYafcs On The part of the Confederate
Government with Treasury issues. on this subject
we call attention to g. Communication in another
column, under f1s head Of Y Talk Oh Change FL
which comes from the highest sflnancalan plant.
ing sonrca III sas sF 3ssssy y 5ss3S 10
@ There sas very little done to-day in and about
the banks. IA press around tile counters pf two OF
ttlFaa banks was only for change. The executive
ohicers are signing small notes as fast as they can
The Citizens Bank Is also issuing fresh number
sof lives. s#as sis s3S8 sasls 5Is55
There have been some mortgage loans effected
on sugar estates at from 12Dl5 act. This is
very high rate Of usanee. sugar interest can
notstand these high figures at present, with ex-
peetad prices Of sugar. In fact, there is no busi
nsss now extant in the South thatwil justify over
I0@la ss9ct. interest. A Government contractor
can probably afford to submit to higher rates, but
no regulsr OF safe business can be conducted under
such an exaeticn.
AZ put isaue IF Saturday last we published i
liable Of figures showing the result of the iinpost |
~ Ltt6 CutHbutF-
ated notes TO the amount Of 800 600 0O0 Without
doubt the assessed value Of property In the Con.
federated States ought To approximate s., 900 09o
900, according to the census Of 1850 But to be ON
the safe side, Wil place it ut So 900 900 OO0 as
the sum the Confederate war tax would now at.
tach. 70 raise $40 ,0oD, 900 per annum would Re.
quire 4 tag. oi BOT, and assuming the basis Of
% 900, 900, we arrive at the following conclu
sion "A
4 sss|s E
IL f 81 sye e sPs e gas e es s.
p ssia @ S az surp as
ws sla e sstd q
u pshlis annual ssl elss o
tax Of Wy 400, 99t one half Of ITaet viii
u pai5 81 ilfw years. Having sur
s viii II assaAl a. "
paid og ons years leaving Ming WI Y su r.
nasa q; IS
After the acquisition Of it's independence. the
Southern Eonfeleracy would speedily exhibit an
enormous deyelopement Of wealth from agrieul.
ture, manufactures and commerce The assessed
value Of property would greatly increase, SO that
n the course of a few years the per centare |
thereon, 70 produce respectively twenty. thirty or
forty millions Of dollars per annam, would be 30
small, so very fiing, as to give the tax.paying
community very little concern whatever.
s-z.-----------------
Asaieap Of lst HlatrAats.
AA''Tsa asfas ossa ssss isi
GorTcN. The sales to-day comprised rs bales
The supply - ssant and prices are sitter.
ToaAcoo.. !. Nothing reported.
BuGAR. The better qualities are in demand,