The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-02

The banks OF New Orleans suspended specie pay
,ments at the request of the Governor of louisiana
who issued proclamation the subject, stating
the step was necessary to maintain the credit of the
500 900 of Treasury notes issued by the Con-
federate government, in order to supply the means
for carrying on the war. The banks are to receive
and pay out these notes at par. The New Orleans
banks were the last to take this step, into which
they have been driven by the rebel government
This action of the banks at once created scarcity
of small change, the effects of which are thus stated
by the Picayune:-
There was great commotion in the different markets
this morning account Of the great difficulty procur-
ing and making change among the butchers and market
women The purchasers or markcters were also in
Distress they found their bargains stopped after
having concluded them by the impeachment Of procuring
the ready All sorts of plans we're resortcd TO- the
butchers 0nereda premium for change and failing
obtain ii made up the balance due dimes and plea
yuncs by giving extra weight in the meats sold The
huckstss did the same, and made in potatoes beans
turnips ana cabbage for small change due. We learn,
also that the Lafayette and Carroton have refused
togye change for over fifty cents, and that they
give ticks,s for change. This plan will no
doubt BE- resorted to by city railroads. and thus ia
entities will be afforded TO passengers II is said that
popretors OF barrooms restaurants, &C. will also
to the issuing OF checks for drinks &c. But the checks
proposed to be issued by The Common Council will super
aside the neoessity Of this In few days circu
.lat.lg medium Will be in full operation
The city authorities propose to issue small notes
,of live, ten, twenty and fifty cents, for one, two
and three dollars to supply the place of change.
l The Boston V'areQe,' of .ast evening says
A meeting Of The bank presidents Of Boston was held
sat Tie Clearing House this forenoon to hear the committee
IMesss Homer, leyls and Besl, VINO had visited New
sYotk and Philadelphia to coni4r with banks in those
fesites. They reported that the New York banks had
v9ted - take s3J 800 600 and Ahe Philadelphia hanks
Hj-oO0M the second $50 900 600 loan, both conditional
t3an the Boston banks taking $1,000 600 The following
Vs'c Wa proposeG.--Ihat the gentlemen present
v1mineBi 10 their respective banks take their pro.
ostsn o. she second nsiion loan unser consideration to
wN.tJ3 10 Treasury noos After discussion the
voSeyassed unanimously All but thireen banks OF the
ere represented lac gentlemen present were of
uon T. the banks would at to take the
oan d some q them have already voted 10 it, The
Truasut Note Committee also had mccrsgg to-day and
pass,Gs vote cordially intending the banks Of TIE
ai,y tocake their proportion e the loan.
Tn, jSoston Journal sayec-
Prop ssas for the second issue Massachusetts scrip
L. The d e1ount OF million Of dollars were closed on We'd
pesday Nt. The bids ranged from lol Y uer cent
All below ,ar Were rejected, amounting TO So 500 Al
par the Nis reached TO S5a5 900. Between mar and
100 so 100 they reached s577 600 Above 100 30 loo thew
reached Sl,s 900.