New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-21
Nsu 0rIeans HEuneg Alatkst.

CRESCENT oFrIcg, No. 10 Camp street I,
Friday Evening, Sept. 20 1851 )
: The money market closes under an improvement
that Is. there is more disposition on the part
capitalists to operate, with On inclination on tlis
part of the banks to discount small sums of legfti
mate business paper. Notwithstanding the war
there il disposition eyineed for speculation out Of
the necessities Of the people, that is the purchas
ing up the neeessaries OF life. These parties dc
Il not, however, receiyesany encouragement through
our banks, unless they do it by deception and de
lusion.
We did not learn Of any outdoor transactions ii
paper beyond some small sums Of 5 to months al
rates ranging. at la@a4 and get. per month. Ii
and about the banks it was quiet. The suspension
4 Of coin payments is becoming better understood
and as time rolls on, it will prove to have been the
Risest course thateonId have been adopted. True,
at the Board of the Bank Of Louisiana the move
i nient was not altogether unanimous, two Of the
/ board dissenting. But it was notdone to embar.
rass the action of the majority, but the dissenters
deemed the crisis did NOT demand the sacrifice in
obedience To the public veal. They will, however,
feel rejoced to learn that the course pursued has
been attended with the most happy results, and
given great satisfaction throughout the Southern
Gonfederacy. It was far better to pursue the
sSIontoo5 iuM ifttuIbf 10
4 await the time when the coin would have been
found 70 be drbblng ont at the rate of million of
dollars per month. Nov we have d currency
which passes in the Confederate States,
and with which Observation-Disclosures OF the people
are willing to sink or swim with. Nv
The Citizens Bank being prohibited from issuing
notes Of less denomination, resolved, to fill the
vacuum of small change, to divide its FIVE dollar
NAT l<Arr aE.
name be tie President, and on the other the name
Of the Cashier. These parts are paid out and are
current on over the city at ~ so each 80 our
country friends will understand the value of half
I'VE dollar note particularly when issued from this
bank The old adage of many a true word said in
Jest y corroooratea. A few weeks ago one of our
/ cltazens had i've dollar note of the Canal Bank
accidentally torn IN two, the signatures Of the
oiiicsrs being preserved entire. He lost one-half
which has never been found. He thought be might
I secure the entire amount by calling at the bank
and stating the occurrence, and that the loss Of
one-half could be substantated He was refused
the full amount, but was offered 81 SO for the one
half presented. IL was good burlesque at the
Tune, hut events now seem to sanction the course
adopted. s q
ile movements in uncufTent money show an i'm.
proyement 10 the issues Of the banks of all the
Sonthern States Georgia, South Carolina and
rglnia range from 7t9I1 and IL 53ct dis. There
mas been some active demand for gold About forty
thousand dollars have been sold within the past
4 I'VE days ct from l0S0l2 Get premium. The
! ofokefssao not Pay this rate. Silver ranges from
o.seiV fsct. premium. If parties are SO superbly
aleeted WIN holding gold why let them pay for it,
Ine gentlemea brokers say that they cannot CON
AT - -rN.