New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-04-14

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the week closes under the same feeling with
which It opened on Monday last, with the adyices
of Inc great battle fought the 18th inst Though
The nd sices of TAes were not Of SO encouraging
d nature there was no perceptible change in the
general financial market There is no failing off in
the soppfy Of representative money. AS for the
position Of the banks it is unnecessary to alluts to
ii. There il no press on them, or rather there
no calls denoting athing Of alarm. Specie is
paid ont for circulation. There was, however,
very cunning move on the part Of some owners of
money ho have been SO very DESTROYS Of accumt-
lasing coin, and on obtaining Il have the GOODNESS
10 ask our banks to receive it on special tisposlt
and assume the entire respons Of ioidag and
taking care it, and deliver 1t IN tact to such de-
positors and owners whenever called on. Our
banks can refuse the deposits Of any Individual,
particulars those who desire to make special de-
posts and hold then, accountable for the same.
OF what use or advantage are special deposits 10
bank ii II assuming great responsibilities on the 4
pare 81 onr bank mandators, their executive
oficers, to bind their stockholders by receiving
and becoming respensibie for so-called special de-
posts, be such deposits tin cash boxes paper
packages Of bonds, hagsof gold or bags of silver.
Einaneially,the most Important doings of the week
has been the course of the authorities in proposing
to the banks to issue small notes, from the denon-
ina ton of tens down to ones. stamped redeem
able, meaning payable in Confederate notes. No
sooner had this suggestion OF rather implied order
been aceeded to, to stamp, notes prepared, and
some few thousands issued, than the order or per-
mission vas rescinded, and we close the week in
regard to our currency, we may say. at sea with
out Tudder or compass, charts or soundings to
guide rs. There is now norecognized limit of the
increase of paper promises or issues Of individuals,
or rather shinplaster currency yea, currency
makers can go on. There are lamp black and ink
factories out on the railroad which can furnish
abundant supplies Of these materials. As for pa
per, there is sufficienoy of white, yellow, brown
straw and all colors necessary to carry out the
greatest and most stnpendous system Of private
money ever before known. In fine, the course Of
paper issues are now progressing the issue Of as
signals in Franco during the revolution in that
Empire commencing in 1885, and progressed for
four or ave years, when one franc il silver came
to be worth six francs In assgnats. It il not ne
cessary, however, to ca back to the last century
for results Of an irredeemable paper currency.
The events of the great commercial and financial
epoch az 1897 are fresh ia the rnin1, Of many II
our citizens I'll il also useless to rive treatise 81
the rrencss of that period. From the ruins of
the financial and fabric If tbat reyojn.
stiion rose the admirable bankin o system nnder
which our banks and community bay sianally
prospered. ss
~, re,nedv X u hast q attar, Il J. rsn,sa. g,
the evils which ara fron, y, a
n i, q j,
n
ssoc;atian 8, and tha a.
issuing 81 small notes 81, the mart q
The result If The contemplated arrangements
alluded 10 in our last have not l,een made tno,,
BY those to whom the arrangements were confided.
They may reach definite conclusion n the com.
mencement Of next week, Threats thrown M h
thigh officials are out Of place lust AZ tbs
If lie banks do not do 20 and II they ,nnat
fol- the consequences. So long az martial,lav =.
ists there is higher power than state antbor,tv
We do not desire to witness any conflict of author.
ity but is ii not due to the credit and standing If
| the Confederate Government that its issues and
currency should be 1naintaineds We cannot have
two or more kinds of currency The course re-
commended BY the Provost Marshals, and which
was accepted By the banks, seemed to be the most
feasible u obtain tile desired object Of a uniform
currency. i
s OF course, under the highly exciting war intel
1igence Of the week, we have very few sales Of
produce 10 review. The movements il sugar have
been to the extent Of 1900 hogsheads, and Of mo-
asses 1850 barrels. These may be considered some
thing more than fair sales. considering the almost
total Interruption Of facilities east
Of the Mississippi river. A fair demand prevails
for Upper Red river and some Of the interior
parishes and for Arkansas, that where the com
munication is free. Ss.zs X
n breadstuas and provisions the receipts have
been light, and sales, of course, only confined to
city consumption. We have to inform our country