New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-16
sNtD 0rIsans 5Hlgneg Hlarhtt.
cESscESr ORR. No. 70 Camp 81,

Tuesday Evening si oct Is .s ISL
siaggishy ovedthe money and paper market
II to; siag Cur community will after a while be
in a position to subsisf without money; eonfouna
money who cares forsit But what is the true de-
Sfinition Of the word Gold, silver, copper and
plafina stamped by the Government are called
money Notes Of banks and other paper issues
stamped by the Government are called money !:
consequently the notes OF the Confederate treas
ur7, being stamped by the Government, must be
considered as money, and the standard Of all
values IN trading. commercial and financial circles.
Om.s banks, therefore. are pursuing d wise course
II aiding and assisting the government byeifcuiaf-
ts issues neyertheless there are parties con.
tinuslly to the banks for theft small notes
{ in exchange for Confederate notes; X our banks
continue to encourage this course, II will 60 very
little way towards aiding the Government. In the
meantime, there is a probability of liberal issue
Of small notes by the CoRederated treasury, which
will remove the daily inquiry for change How
much small change viii be required to place our
community above Inconvenience There are lust
az many dimes, quarter and half dollars out of the
banks oday, that Isl in circulation, as there were
at the time of suspension !; in fact more, because
the banks have lost in specie during the feurWeeks
$22l;255, notwithstanding they have really stssss
pended coin payments The constant demand for
small change ID somewhat based Oh Imagination.
The proprietors Of d large clothing establishment
which employs forty Or more hands, Informed US
on last that they experienced no difeuIty
whatever il realizing all the small change required
to meet their employees demand Bit there is "a
disposition on the parto dealers and traders ID
the country 10 sre euiate on small notes. two
OF our old banks issuing small notes to the amount
8of FIVE hundred thousand dollars, our city authori
ties an equal amount with least two millions and
q half of Eve dollar notes of the Treasury Depart
ment and about ty-iye millions Of dollars of
gold and silver in the hands Of the people Of the
Confederate States It is idle to assert that
there will not be suffciency Of small notes and
Change .5s}.3ss "a q
There were no movements III exchange to-day
worthy q quotation "a private mail was made up
for England, but We have no right TO say how IL
was rwarded, or 10 remark at all on the subject.
e had not, however, any effect on tho general ex-
change market. Not having heard OF any sales, we
have 40 figures TO quote. On Richmond and other
localities the rate ofachacks il par Two or three
banks are drawing prominent cities, al well as
the exchange house Of Benoiat, Shaw & Co.. which
IS drawing on all points Of importance in the South
ern Confederacy, general equalization Of cyl
change may be expected from this healthy CONNIE.
tition.
Weappend the following synopsis Of the banks
CT South Carolina for the iass month, as returned
70 The Comptroller Of the State, and published In
me Charleston Mercury:
The aggregates are as follows: