New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-09
Qen Orlegas 9aiIg Grestert.
TALK ON CHANGE,
TUESDAY MORNING, APRIL ., 1861.


weather was all that could be desired for business.
The teegraphic dispatches received late on Satur-
day night were freely talked Of but there was very
little credence given to them--though that it is
designed to reinforce Fort Pickens is not ques-
toned. Other talk was, that the willy Secretary Of
State, Mr.. Seward, is weaving o netto catch the
South. In the meantime, it was suggested for us
to be prepared. 1t was also talked of that man
of-war steamer had crossed and was coming up
the river. This steamer, we expect, will prove to
.sbe Swedish steamer from London, bound hither
Won regular legitimate business-so the consignee
said. Whether she has q cargo Of guns, blunder-
busses and other munitions of war on board we can
not say. 1t will be very dficultfor war vessel
to pass through Plaqnemine Reach, pass Fort St.
Philip and Foit jackson. If British squadron,
after two weeks trial in 1914 and 1875, could not
pass the mud breastwnfks of old st. Philip, it is
extremely doubtful If a squadron could pass two
forts at this time, both well supplied with the app
ances OF warfare. However, Mr. Lincoln's squad
ron he's not entered the Mississippi as yet 1t will
be well for our authorities to keep good lookout
for some of the small vessels Of the Black Repub
can navy, They might pay visit to Proctorville
the fort at Chef Menteur, the tower at Bayou
Dupre; also the Bayou Bienvenu might attract
some Of the Black Republican freebooters. 1t is
plain landing could be made at Proctorville
though there would not be much gained by it. But
a truce to these war arreports, the telegraph is be-
coming the medium for mischief and falsity.
About merdianit was announced that one Of the
militia line of ateamers had arrived at Portland
with dates from Liverpool TO the 29lh ult., which
embraces the commercial week ending the 30th
Aarch The highest quotations for Middling Or
leans cetton was 75l6d. This is not apropos
just at this moment, for our market. The steamer
OF the 5Oth from Liverpool will hot bring anything
OF interest We shall, therefore, be seven or eight
days without later intelligence from Englaud--say
until Monday, the 18th inst. In the meantime, we
nope 70 go through the interregnum without any
trouble.
IL IS hardly necessary to al!ude to the talk of
England's feelings towards the Southern Confed-
eracy. ~ u considered almost an certain as that
the sun will reyoive on its axis that the great
manufacturing interest Of Great Britain and France
VIII sustain the action Of the Confederated States
the London Economist, of the 9th of March, has
an article entitled the American Considerations.
wherein itsays that New York (meaning the city,
may be republic by itself; that Maine may join
Canada, to which we may add, if all the New Eng
land States would follow, nobody would be hurt in
the great South.
But here are the remarks, with an extract of a
communication from commercial source in the
South. The Economist, it will be Observed speaks
IN the most cofnmendable terms of President
Davis inaugural address. In speaking of the new
Confederation, taays:
ana that IT mnst be considered as established
lew who have watched the progress of events or
read the remarkable, firm and temperate speech of
hlf. Jeherson Davis on his inauguration as South
G Gern PRESIDENT, can, we think, feel much doubt
Inc tone OF nearly all private and commercial cor
respondence from the South confirms this impress
sion When we meet with passage like the fol-
lowing III the business letters of mercantile house
10 lts customers in this country, shall not en-
teftaln much expectation of retrocession.
Our Southern Confederation seven valuable cotton States
io o q S9 @ s s. s' lt 70 a 3 paris Of 's world
composed OF & some O. te abest Of country
M resee t6e WSId We Say GS S
sired pe,ce but because conscientious believe main
hy The Scriptures and the happest Governen fo
war We shall AVOID il @ esp s cy S @ aEs az N a en %,
Rom n " ke men who kh''r their rights and dare defend
It is true that cur letters from the North speak in
diflerent stFan-some writing hopefully Of recon
ciilation even now, Some writing menacingy of
coercion BUTT is evident that they look upon
the latter alternative a very deporable and
doubtful one; aud, as to the former, they are un-
able TO define whence Cancellation is to come or
what appearance OF it can be traced 1t is true
we are assured, that Mr.. Lincoln still announces
his determination to collect the Custom duties in
the ports of the seeding States, though he will
neither invade nor coerce but it is difficult to be-
eve that policy so irritating and really useless
can be persevered in.
So talks and writes one of the ablest English
editors.
There were no mails received yesterday, and
business closed at an early hour. The Merchants
Exchange wgs opened, but it will be some time be-
fore we shall witness the congregations there IS in
days Of yore 1t is refreshing to look back on the
old times when merchants met 10 the old time-hon-
ored building. central place, with large accom-
modations and ample room, has long been wanted |
in cur city, where sales could be effected. The
old ST. Louis rotunda has long since passed out of
date. Bank Arcade is gone, and only exists in |
memory The st. Charles never was a place of
popularity for public sales. The City Hotel is too
cramped for large gatherings. The Merchants
Exchange now offers sufficient room, good light |
and all the appliances for daily meetings of mer- |
chants and citizens. It is hoped the patronage of |
tIes community will be commensurate with the i'm |
portance of the undertaking and the outlays for |
the accommodation of the public. We have now |
something Of building, where merchants and !
others can congregate Of course, it is not ex- |
pected that many changes can be carried through
before the opening Of the next commercial season |
1t must be taken into consideration the business |
season for 1861 is passing-that the hegira of yis
itors, transient citizens, has commenced
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