The New York herald., 1862-05-30


sell merchandise to the federais and receive
payment in specie, approved currency whatever ad
vantage they derive from the trade we receive CORES
they seize goods and enjoy tho whole dement, without
any equivalent In the one case 1t is not only no
injury but substantial benefit to and but little ad-
vantage them In the other they ENJOY the whole bene
1T and suffer total loss Whatever may be our re-
pugnance 70 any intercourse or dealings with them we
do not that it either udicious expedcn thus to
react their money In payment of goods which We pre-
they will seize and take or without compensation,
II we refuse TO receive It.
The State OF Finances In New Orleans.
LATEST MONETARY REPORT.
OFr1cE New ORLEANS TRUE DELTA,
NEW ORLEANS, May II 1862
The past week has been marked oy increasing activity
in the stock market and by the PRONUNCIATION OF an i'm
portant order by the Commanding General Of the federal
forces for this military department, touching the cur
rency Of the city. Sales OF bank and miscellaneous
stocks transpired daily fabulous figures and opera
tions in this class Of securities restricted only by
tho limited character of the supply but particulars OF
most private negotiations were, heretofore scrupu-
ousy suppressed for the tme though transactions at
public auction sufficiently extensive scale 70
indicate the ruling prices of the market.
There nothing done bonds from the opening to the
close Of the week. and there offerings of class
upon the Market far have thus far boon able to
ton prohibits the city of Now Orleans and the banks
thereof from exchanging their notes, bills or obligations
for Confederate notes. bills or bonds ana from issuing
noos. And it further 0rdans that the 9th inst all
circulation Of or trade in Confederate notes and bills will
within this military department, and all sales or
transfers of property made after that date in
sderaton Of such notes bills, will be void, and the
property conscated to the United States The order OF
which the above the substance was first published this
morning, and has already caused anaet panc among
the holders of Confederate securities. Treasury notes hare
been sold today at hay sacce and those possessed Of
other currency will doubtless be compeedt accept for
them just whatever spectators may wish to OFFER At
the same time 1t is wholly unknown what currency Gen.
Butler designs substituting for them though Is freely
conjectured that will be United states Treasury notes
Should this opinion prove much suffering must
from the absence OF small change the
shnplasters which for several months past have been
freely used to meet all the requirements OF trade for
fractional parts Of dollar aad under five dollars
have been almost exclusively based upon Confederate
currency and the suppression Of the latter must neces
sary rendor the former vaucess and therefore useless
TO the public We presume 1t is only necessary to re-
spectfully invite General Buffers attention the
lamites likely to arise from the transition in the
cy and tnat he will be able to devise plan shield
the thousands Of deserving poor city from the
inevitable losses which would arise from suspension OF
the small note circulation till substitute be in readiness
10 meet the demands for provisions and other ndispen
sable nccessaries.
Operations of every kind have continued at stand
the outside money market since thu date Of last
weekly review, and the bank movement has been re-
stricted heretofore, to the payment Of depostors
checks and the liquidation renewal OF maturing ob
cations. transactions in specie progressed for some
weeks past but rates for II in exchange for Copede
rate notes and for bank and city bills have sthdiiy
advanced. Offerings OF exchat &c have been limited to
small amount Of sterling bills but sales have been
rent bank notes have BEEN II anything, still lighter than
heretofore and negotiations Of restricted cha
racter throughout to establish reliable quotations
[From the True Delta Of May 1sl
THE CURRENCY PROCLAMATION.
We have not had the requisite leisure TO reflect fully
over the proclamation Of Major General Butler in rea
ton To the currency, but so far rs the banks
cerned perceive objection their substitution
Of their own paper In payment OF deposites in every
case to the present time The presidents and direct
Of those institutions too honorable and patriotic
to dshonor the currency they anxious
duce to the public and they will cheerfuly
aid in facilitating change Of currency which cannot bc
otherwise than distressing to many members Of tho
community. We are not among those who doubt tho
patriotism or disnte-estedness Of banking Institutions
LHE "soLID' MEN OF THE CRESCENT CITY PRovID-
ING A CURRENCY.
From the New Orleans Bulletin, May COL
NOTICE TO THE PUBLIC.
Tho undersigned parties having complied with the re-
solution OF the Common Council 6,027 and placed their
securities In the hands OF the Treasurer the public
hereby informed that the Issue Of small Of said
parties will bo redeemed at the City Treasurers Office
commencing on Wednesday, 2lst inst. The Treasurer
would respectfully request parties having
sums OF these small notes, and the means OF holding
them for few days, to DO so; under the assurance
that they will be redeemed carly as possible
and by this means give chance TO the poor people who
have them in small amounts, aud require il FOR their
daily sustenancc TO be relieved rst Hc also
merchants and others that they may them for their
merchandise in safety the parties have odgdd abund
ant security for their redempon and bound themselves
TO make no further issuc:-Thos. c. Pagan 4 Co. n. H.
Holiness Joseph santni, b. Miller &Co., William vii.
liams, Dan. Edwards 4 Son, Adam Wagner, q. RI. w.
Iehde Beals Miller, Holtzel & Zoey Cresap A Mclfi-
Ian, J. 81. c. Davidson G. W. Cammack Metz x r.
Hacker, Haggerty Brothers, James Cosgroye H. f. Law.
renee on r Cazenavs, Henderson Gaines, Geo. W. Gre
gor Co. ADAM GIFEEN, City Treasurer
THE EFFECT OF GENERAL BUTLER's ORDER NO. %
ON THE CITY TREASURY AND THE BANKING Iysrr.
TUTIoNs.
From the New Orleans Bulletin OF Nay ooJ
NOTICE
TRxAsrRKR's DEPARTMENT NEw ORLEANS Nav 10 1890
To NIL collecting agents for tho city, such as the CITY
Attorney, Assistant City Attorney Recorders Pound
Keepers, Jail, Prison workhouse insane Asyurn and
Houses Of Refuge Keepers you hereby notified 10
settle up your accounts with the city by Monday the
2oth as after that time no confederate money be
ADAM eRlFFEN, City Treasurer.
BAyEISG Horsg oy JrpsoN K Co.,
NEW ORLEANS, Mry 10, 1862. I
All parties having deposits Of Confedcrate notes with
hereby notified to withdraw them prior to he 27th
inst. Such balances as may not be withdrawn will be
at tho risk Of the owners and held subject
Corner OF Camp and Canal streets.
BANKING Housx or sAxL SMITH & Co.,
NEW ORLEANS, May 10, 1862. I
All persons having deposited Confederate notes in This
banking house notified withdraw them before the
9Th inst. Such balances may then be withdrawn
sAML SMITH L co.
new ORLEANS CANAL AND BANKING ConpAyy.)
NEW ORLEANS, May 90, 1902. I
Parties having deposits OF Confederate notes in this
oank are hereby notified to withdraw the previous
posts a. shall not then have been withdrawn will be AT
the risk Of said parties BY order OF the Board
A. II. KERNI0N. Cashier.
BAY oy AMERICA
NEW ORLEANS, Nay 10, 1862. +
All persons having deposits Of Confederate notes in
this bank are notified TO withdraw them by the 25th nss
Such balances ~ not be then withdrawn will be CON.
sidersd u the risk OF the owners.
G. CAvAR0C, Cashier pro tenn.
LOUISIANA STATE BANK
NKw ORLEANS, May II, 1862. <
nAytnR deposited
bank are requested 10 withdraw thu samo before the 27th
inst, as oil dealing in them thereafter Is prohibited.
All balances Of said deposits withdrawn will be st
the risk Of the dspostors. BY order.
L. BERNARD, Cashier.
MERCHANTS BaSK,l
NEW 0RtxASs. May 10, 1892
This bank In prepared 10 pay balanccs IN Confederate
notes, which must be drawn neforc the 27th inst,
WM. 8. MOUNT, Cashier.
USroN BANK or LOUISIANA
NEW ORLEANS, May IL, 1862.