New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-17
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ss,sssGsesNr OFFICE, 10. 10 Camp ssEes
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# Monlay Evening, Sept 16, 1851.
r The week opens with more or less remarks in re-
gard to the recommendation Of GOV. Moore, which
was pnblished in orr issue. this morning. AS we
suggested last week. the bull has been taken by
the ihoFns The wise, discreet and judicious policy
of transportation Of coin payments, on the part of
ONE hsnks,s has followed the proclamation of the
G5vafner, There were some intimations before
the close Of business on Saturday that something
was astr ID financial circles, which would be de-
Yeioped before meridian to-day. Ne event has
transpired for a long time, carrying with it such
important Influences on the great future, as the
solution Of the banks OF this cit passed this morn
ing. They hare met the question and responded
promptly to the desires of cur rulers. -g
The following are the most prominent resolutions
concurred in by all the banks which have delber-
ated Oh the subject. One bank, (the southernD
from the Temporary absence Of the chief executive
officers and its board, has not acted on the subject
III however, will not be found wanting in sustaining
the recommend of the Governor It will move
the other banks most steenuonslY and ardently
in support Of the great Southern canse.
The following are the main features Of the rese-
lutions acted On by the banks to-day, being those
Recommended by tile Executive Of the State.:-
lst. The circuiatono the chartered banks that
is the Canal Bank, Citizens Bank OF Louisiana and
the Louisiana State Bank 4shau not exceed the
amennt of coin actually held by them respectively
and the circulatiomof the free banks shall be re-
strctad to the amount Of bonds at present deposited
with the auditor Of The Stare, and in accordance
Il with existing laws, s8ss 55, S5 @
interfere with tile weekly and monthly returns to
the Board ef Currency, nor with the fundamental
rules governing the banks nor in opposition to the
recommendation herein made, s
ment Of debts due them, the notesof the Confeder-
ate Stafeslof "A tnericas and pay them out at their
counters.
4tla. TheInsugl weekly statements must be made
through the Board of Currency. andaiI balances
paid In Confederate notes or in coin.
u TTios o. MOORE sCoyernog.
Confederate Treasury notes are now to be con-
sidered as TIE currency Of The South. The action
Of GOV. Moore has removed all doubtand sensitive
ness on recourse Of onr banks. We expect to
hear Of some harpng and complaining hut it will
avail nothing. Seldom has 1t fallen to our lot to
chronicle procee dings OF such an important, just
and jndicioHs nature, as have to-day been enrolled
, ON the records of financial history. II an III 3a
There were some movements III sterling ex-
change to-day. Rates jumped up ., A and 5 get
los was asksd for good bills at eighty-fye days
date. There were some orders for Western &C.
count, Forwarded hitler no doubt by the low rates
ruling Ten and fifteen days ago. There was moth,
ing done IL frances There are orders for cottonfor
Spain, bat the cotton il and will be so until
8 Spain recognizes the Southern confederaey. The
commercial recognition, though something Of a
preliminary, is not what We want.
Now and then we get an inkling Of the move
ments Of the Northern banks. The specie in the
4 New York banks appears to have melted down to
about s5 900 ,o0o, ooo, 200 from the highest
point of the present year.
The following is the condition Of the banks of the
three principal cities in the United States, as shown
by their statements at the dates annexed