New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-12-12
Beh 0rleans Nlo.tg Hlarkst.
CREssEsT orriE, No. 70 Camp str

CRESCENT OrFIE, No. 10 Camp street
Wednesday Evening. Dec H. 1851 !
The general money and paper market was very
quiet to-day. 4 Ia and about the banks the move
ments were confined to renewals, with some new
disconnts sufficient to keep the wheels of finance
turning. Al debtor to the banks can move along
very eaaily because they (the banksl are willing
to renew all paper they hold. The remark viii
also apply to our leading capitalists or lenders Of
money, though skinfint is observable now and
fhen-a pound Of flesh operator. These skinfnts
these pound Of flesh operators-are well under
stood, and as there is no business now going on
that viii justify over 189I2 and Is get, borrow
ers can we'll determine whether they can submit to
+ extertien. However, the community is getting
along remarkably en-there are no suspensions
or failures. True, now and then there is a protest.
but notarles are far. very far, from making for
tune out Of the present position Of affairs.
We alluded to the convention or meeting of
Bank Presidents. The official application or re-
quest of the Legislative committees were received
and formed the basis of the convention. The com,
nittee of the Legislature, after due consultation,
= have determined that the sum Of $4,000 goo viii
De ample, fully sufficient to carry the agricultural
interest through. This, OF course, includes the
blended interests of Mississippi and Louisiana SO
far az cotton is concerned. Our banks will be able
20 iarnlsh the amount, and everything pertaining
to them will be for the support of the Confederate
Government. That there is black sheep or two
among the directors Of the eleven banks, cannot
be disguised. Aais. nimporte, we are getting
along remarkably well in the general money mar
ket.
There appeared to be some falling off in the de-
mand for small notes 81 change to-day The in.
aury has often been made of the scarcity Of small
notes II il not out of place to observe that our
troops tai Virginia, Kentucky and Tennessee have
been paid off. We are knowing to the fact that
one of the free banks has paid ont $40, 600 in five
dollar issues to go to Virginia to meet the wants Of
Louisiana soldiers, and the remark will apply to
other banks. Cold has also been in demand for
the same purpose. Its Of the greatest advantage
to banking institution to keep it's circulation
afoat fax and near. Our banks might with the
greatest ease food the country with their issues;
but would the community be benefited? The
continued harping, why don't the banks furnish
change, may be promptly disposed of, because
they have not the notes on hand nor is there any
facility apparent whereby suitable paper can be :
furnished for the printing of notes. One of our
banks has resorted to something SO near black /
paper, that will call it brown to carry out its
good iutents to meet the demand for small notes
The Confederate Government has implicitly con i
sented 70 furnish US with currency, and as soon
Is the appliances can be realized we shall in all
billy have an abundance of change down to ;
Ehe denomination Of five dollars There is an
abundance of silver coin in the country, more than
to meet requirements, but it is boarded
md slowed away here and there and everywhere. !.
With the greatest tenacity, miser-ke, who grasps \
lis money bags on the very verge Of eternity az
though II was salvation hereafter. vi 81
The movements in the stock market give evil |
tence Of . continued upward tendency in rates. Ia
y note sales to-day Of 100 shares Louisiana State .
Bank Of l65 20 shares Bank Of Louisiana at les. go
shares Canal Bank at 124. The general market
slosiag very Arm.
/ fhe annual election Of directors Of the Southern
sank was held to-day--a large number of votes 81
Fas given, say seven thousand resnIted in 81
he following ticket "
Mr. Arlstide Miltenberger, sugar and cotton fac
Mr.. @. a. Kernion, sugar factor.
Col. Henry Wilson, retired gentleman. y
T MI. w. 9. q. Claiborne, retired gentleman. "
/ MT. Gnstave Miltenberger, of a. Miltenberger A. 4
III, sugar and cotton factors. vi
y is hardly necessary 10 alude I'd the Board. It
composed Of real and true Southerners-au =
with and to the manor born. 70
\ we have nothing to say about exchange to-day. ht
here were sone small sales Of sterling at lao. q
cry little offering on the outdoor MARKET Do ~
lestic q inland exchange IS very quiet Gold hi
na ailyer are dull at last weeks quotations. so