New Orleans daily crescent., 1861-09-27
alfn Orleans Hlolleu Mlarktt.
- s,,.s os osmp s1s sssess 81 &

-
y Thursday Evening, Sept. %. 1861.
There was no movement to-day worthy of re.
4 cord. The Board Of Currency held preliminary
z meeting this morning, ana, after an Interchange
of views, adjourned to later hour It is supposed
they adjourned sine de- referring all their move
rnents TO the action of the Attorney General AS
We have before remarked, our banking statutes
were never enacted under. the expectation that a
revolution would take place in our country. Se-
cession and general disruption and
were never entertained by the supporters and
makers Of the bank set Of ls4a.g 1T is hoped that
the Board Of Currency win take into consideration
the position Of the country, and be as lenient as
possible.
There have been some light movements in the
paper market, say for good four and six months
date At the rate of l@Ia asct per month, ranging
b for other names to j ag2 S2ct. per month. The
banks are discounting to limited amount There
- no probability Of any cotton coming to market
to aid in relieving the general indebtedness. We
shall Of course. have fuly fifteen millions Of dol
Lars value in sugar and moasses in market OF under
local contract before the middle OF January. 1t is
estimated that the crop ef sugar and molasses will
this season approximate the value Of twenty-five.
millions Of dollars This will not be withheld from
marketon account Of the blockade and the dilatory
recognition Of the Southern Confederacy by the I
y European poFeTs, but will come to market as
wanted, and the currency Of the Confederate
States be applied towards moving it.
There Here no movements in stocks to-day. The
brokers were doing lively business in the way Of
buying and selling gold and silver.
letter written in New York on ths sIst July by
& a well-known New York merchant, addressed to
his correspondent in liverpool contains the fol.
lowing, which We find in i late English paper:
The London Times is right Southern indie
pendence will be the result e and that, too, after
6 infinite loss and humiliation have been sustained
by the North.M This is precisely the argument
have held in these letters ever since the commence
nent Of The conaict, and it is the candid belief Of
every rational man who knows anything about |
the causes OF, and the principles that undere the
war. |
6 The North never can conquer the South!,' is
4 tle Language OF a Louisiana Senator. {. It may
devastate its fields burn its dwellings, march over
me dead bodies OF Southern sons and daughters /
but still its spirit will remain unsubdued. Il can.
n me- Pc conquered. Eyerything in its history re-
flutes such an assertion; and lie who inagines that
Dreams I = = f'''e NSe','o =
At present, even the small loan Of five millions
than failure The Government has nos NO securjfy m fs
10 oher, aud the bankers won't plank up the
money. The national loan authorized by CONGRESS- I
" y also found necessary to amend-higher rates
oaiSiOu, TeSEflctiDHE
par abolished. All this shows how little faith tile
soyernInent has in getting the means to prosecute
fhe WAT II has reduced many Of our merchant9
princes to beggars, and has had the assurance 10
belieye that those who had escaped baltkruptey
would be willing to lend their dollars to be sWai T.
lowed IN the vortex of war, without the ghost Of a
chance Of payment. The tax measures proposed
WILL not. is found, meet the inexorable demands
Of pay day. and Congress isnow agitatng heav-
ler personal tax 70 make up, far as possible the
aenelencles q. Z that may occur. But this movement
Il aroilsing the people in numerous portions of the
North 70 stern resistance. Very many indeed.
who have all along been advocates Of the war.
now deelare that they will be so no longer If their
pocket j. to be 80 heavily taxed to pay it Neither
With their voices nor with their sons ia arms. viii
they upport the war, il grinding taxation is to
6e t1e result Here. again, n,isffesh trouble for the
government, and altogether its condition is hone
less II the extreme Psrhaps it is well this should
De 90 viii certainly bring the insane madmen to
their senses, and, by blocking the wheels Of tlle
81 q F 81 - : t
Among the recent failures, note two British i'm.
porting houses IN this city. Their names are VIM, |
Brand y Go, linens, etc., and Messrs Stone l. Co.,
dry goods. y SS' =