New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-07-23

TALK ON tCHANGE.

OF course, the talk yesterday on the flags, and
off the flags, here, there and everywhere, was the
great battle on Sunday last. There was nothing
| else talked of through the entire day. The latest
| intelligence from Network is, that it was moaning
supposed in sackcloth and ashes-and all the
capitalists, bankers, shavers, stockholders, mer-
chants and traders astounded at the defeat of
| Lincoln scott's great army. The puritans of
| New England were in gloom George Opdyke,
| late of New Orleans, had tremendous elongated
face at the meeting of the selfcaled Board of Cur
rency yesterday in the Wall street Clearing house.
That small potatoe gentlemen, Charley H. Frost,
ex-resident of New Orleans and VicePresdent of a
bank in NewYork "a " hurly-burly p" Black Repub-
lcan) skunk into his original insignifcance. Poor
| George Opdyke will have no hundreds of tailors
and tailoresses to shave next Saturday night, and
| our respected quondam knight of the yard-stick-
| our late dry goods vendor-Charles S. 0lden, Gov
ernor of the State of New Jersey, how does he rel
| ish the slaughter of his New Jersey volunteers
We condole with Charley, and fancy he did not
sleep as sound last night in the governmental resi-
dence at Trenton as he did on the counter of the
old dry-goods house, known in years gone as No.
40 Canal street, say next to the of Charities
street. In April last we invited Governor Olden to
visit New Orleans with his volunteers. We extend
our invitation, and hope he will arrive among US
by Christmas as respectable prisoner of war.
The Network underwriters are terribly alarmed
at the proceeding Of the armed steamer Sumter.
The Sumter is pursuing the real pocy-capture,
burn, sink and destroy every vessel of the enemy,
retaining now and then one to send in with prs-
oners; she can live on our enemy, particularly if
she should go into The British channel. She can
outsail or outrun any vessel in the old detunet's
navy. 1t exercises our risible faculties to learn
that the yacht Henriette, commanded by son Of
the vagabond j. G. Bennett, of the lying New
York Herald, should receive a Lieutenant's COM
mission in the Black Republican service, and be
dispatched with his buln-boat in search of the
prlvateer Jefferson Davis. Wonders will never
cease. The JEFF. Davis is simply a privateer, and
can hardly be expected to carry out the policy of
capture, burn, sink and destroy like a Government
vessel.
During the war of 1872 privatoer called the
True Blooded Yankee, owned by that great Sena-
tor of Rhode Island, James Dewolfe, used the ports
of France for sale of her prizes reftting and OBJ
tanning supplies She was so very fortunate in her
captures that to close accounts of some cruises
her commander burnt and destroyed most of his
captures; so mach so that assurances could not be
Russian trade This is the policy for the Confeder-
ate men-of-war to pursue. AS we are engaged
with fanatical, bitter and unrelentng Govern
ment-the old United States-et us follow up the
policy of retaliation, which means, do our enemy
all the harm we can.
There have been many complaints that several |
OF our wealthy citizens, or presumed to be such,
(they best know their ability and means to contr |
bnte) have not rendered dollar to the cause of
Southern independence. True, some of them say |
that if war tax is imposed, either by the State or
the Congress of the Confederate States thew will |
have to contribute. This, however is a very
iimsy excuse. We are aware of one resident of
our city-we do not know whether he is natural
zed, being of foreign birth-who owns plantations
Yielding 1000 to 1900 hogsheads of sugar, and also
possesses large properties in the city, who has not
We learn, contributed dollar while an overseer
N his plantation has given out of his hard earnings
$500 The only way to reach these rather doubt
al patriots, who only appear to love the South for
interest sake, is to create a war impost, both by
he State and the Confederate Congress- Talking
II war tax to be imposed by the Confederate
congress, brings up the question, how much
eVenue will a tax of fBct. on the value of pro-
'erty, of all descriptions in the Confederated
states amount to?" Assuming that the property
# the eleven Confederated States to be valued at
tx thousand millions of dollars, an impost of l II
IT, would create revenue OF sixty millions OF dol