New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-08
Nsn 9rIsaas Hlenau Atarktt.
oaespnsr .,rfIcr, No. 10 J, Camp i,

sCRnscErr erfIcE. No. 10 Camp streehs
iS Thursday Evening, Novs7 1EkL
Nothing f note turned up or turned down {,
4 day IN The general paper market. There wer
some sales Of commercial paper az q ssct. pe
menth. There does not appear, to be amy scarcit
Of money ~ currency in the ordinary channels +
trade. Byrenewing and extending az bank rate
Interest,", many parties will be able to go through
nevertheless, the restrictions placed on the cotto
trade will occasion q heavy press as the season ad
vances. The Confederate Government desires
temporary loan, and il the Confederate authorize
& press the representation act against debtors-as
carried out in Mobile great trouble will arise
From Information before Us the Receivers in SOM
districts-not New Orleans-haEe been takint
undue measures to collect debts due alien enemies
that is, they are adopting the forcing process
which was never intended by the act Of sequestra
zion.
We dislike to observe SO many projects preached
for the relief of the cotton planting community
About every other individual has something to sug.
gest for relief The most inutiie Is that the Con.
federate Government should buy the crop Of cotton
at 100. per p, payable in is treasury issues This
would force the Government to perform the func.
lions Of merchant or commercial agent. The next
movement would be that our banks should enter
the market and advance on cotton. Permit the
daor to be opened, as 1t wers and other interests
would be appealing to Government and the banks
for aid and advances. The producers IF sugar.
wheat corn, stock raisers and drovers one and ALI
would pc suppiicating for advances. There wonld
be no legitimate business. The question Is reduced
70 this: that the country is in 8 state Of war and
revolution, and large sacrifices have to be made.
great inconyeniences 10 be undergone. and much
distress 10 be realised before a peaceful state oil
ahaifs Intervene. It is, however, satisfactory 10
remark that thepressure and troubles arising from
state OF war are not 50 formidable as they might
Psi Ketrenchment and economy adopted, and the
useless expenditures Of previous years repudiated.
VIII go far verg far, towards mitigating the evils
nov hanging over Us. ~ s.
There was very little doing iii ana about. the
banks to-day. There was some falling Off IN the
demand for small notes. The inquiry Of, e. what
mas become Of the dimes and half dimes 5,,s con
tinaes viz is charged that the Post-ofice collects
or receives large gums which are deposited with
the assistant Treasurer ana are retained there. It
Is we'll known, however, that tae Treasurer s,,avs
drafts On his department IN treasury notes there
fore, IT y avery proper inquiry % propound. atoj
whence goes the silver change TINT is paid into The
fosf-otdce e s22uien sabef The Castona.house
also receives more or less change, But We do not
learn that the Government pays out any change.
How is this . the Government boarding, as welt
as the old market women and fogiesy
Tnere were ~ movements in exchange to-day
except some light sums of inland-say on Rich.
mond Charleston ana Nashville Ii does not Ii.
quire many thousand dollars to cover che wants Of
these markets yet there is demand for bills On
Richmond. We have a good basis sugar ana 10.
iasaes-for exchange on the large Southern cities.
There was nothing done III sterling. ess
~ stocks and bonds tile Transactions were light.
we learn Of some small sales Of Jackson railroad
ando pelousas Railroad ii "a Some offers Ar fras
bank sliares at 7aD75. Three 81 The fres banks
sre pretty sangane inf declaring and paying divi-
70 keep onr record Of Tia COTTON r,o yernents II
We append the statement below. whfab
: the last regular one at hand We also at,d
from the market article of the Manchas.
.er Guardian, which Will tend to ahow, that tho
ceiling in regard to the cotton famine hangs ,,or.
ientously over Europe. go
Comparative statement Of stocks Of cotton nm
land 10 in Lfserpool on the islh Sept, 1860. .eI