New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-15
Yllflu NrIfalls stlolleg NlarAst.

saEsazsE oysIss 1 n 70 Comp n stress
General monotony ruled to-day in financial cir
+ oIes. There were some negotiations going on for
small Sums Of paper at various rates. But borrow
ers do not feel inclined to submit to the rates de-
manded BIZ some lenders. l2@l5 pet. may be
termed decent shaving rates but higher than these
GgHres no borrower ought to concede. 4 protest
ander the present critical state of affairs carries
mo tarnsh or paralyzng of credit among all
true and good citizens. Years ago one OF our lead
ing judges declared from tlis bench that protest
OF note sor obligation was no evidence Of insol-
seney or unsoandn This view or opinion mas
been confirmed in many instances Within the past
year True, promptness, pune tnality and faithful
ness are the very essences and iifeblood Of com
zsaereial and financial community. Some parties
say there is a difference between credit and the
credit system. In some respects credit applies to
one thing and the credit system to another, Credit
Of course, is disturbed through all the various
ramiications of society = financial, commercial,
social, industrial and mechanical. But this is no
justification nor argument in favor of the present
speculative and monop olizng tendencies which our
banks are called on to sustain in the way Of max.
ing short loans lending on collaterals, even il
J they should beof the very strongest character.
Special citations have been served by demand of
The Receiver through the Confederate Court against
the Bank of Kentncky located in Louisville, with
Branches at Bowling Green, Greensburg, Licking |
ton and Maysville against the Farmers, Bank
of Kentucky, located at Frankfort. with Branches
u at Gcyington, Henderson, Maysyille, Mount Ster-i
\ tlngs Princeton and Somerset. The seqnestFation
act excludes Kentucky hut the State or the North
rn part Of il. not in revolt against the South
~ the time of passage Of the act. But enemies
8of the hackest kind are believed to be, and are
known to sbe#c connected with the banks in Louis
yille II will be well for the Receivers to inVesti-
gate and ascertain how much or what part of tile
4 assets of these Kentucky banks is owned in the I
States Of Indiana aud Ohio, and how nlueh oil the
paper held parties in our city, as osensibly for
acceunt of Che banks i'm Sc. Louis, belongs to our
enernies In Illinois. The Indiana traders and deal.
As well as the banks keep accounts with the banks
of Louisville, 90 do tie bankers and exchanges deal.
ers In Cincinnati, just cross the ohiDriyer to Gov
smgton, open accounts with the banks there, which
ilinake collections ID the South. The assets of
the Black Republicans in Wheeling, va, ought /
also TO be made subject to the act ss
There was nothing Of notes transpired in the ex-
Change market to-day. Sterling rules from usa@
+ 20 outside. Several small transactions on Rich
n.old we're reported at Vet. dig. for sight bills
In stocks and bonds we did not learn of a sale
Bank shares are improving and Confederate bonds
aresnot neglected At last weeks rates, though the
SUPPLY equal to the demand. Y 4