New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-01-30
Hill )tIsaas laiIp GrtstsTt.
s xlta1s Mlpntu NIatkst.

"A A Wcdsssdss Evening, Ja,s il 1852
Ihs general money mar tst was quiet "a. u
ma aboas the hanks the movements were confined
ID The paying Of checks, with The usual renewals
Oh paper inKtutings There afs some parties pay
tng III ID fan. The indie btedness Of our community
10 ths banks II sfowing less aay after day. The
present posifion III aiAis offers to the writers on
political, commercial, and we may say cosmopoli-
y 1an 10 nomS, gfeAt and resting objects for
treatise md general comment. " neither Social
rconemy shonld at this time be distingu from
soInmernial economy, u 4 question not brought
np Or introduced before the several clubs or assc-
stations in our city. Fl d
Commenting On commercial economy, it is APP
parent that circumstances ara likely to arise that
Mill render II incnr bent on The Confederate Con-
xrsss to intesdlct u prohibit all Communication,
al intercourse NTH Tie Northern States. Sufficient
zine hss elspssd sinca me eclaration Of war for
III our nsrcsntile community to have closed their
accounis Mt she Nor ID. The state Of war was
recognized, duly promulgated on tile 9Th Of May
lsst. a general curtaiIment has attended the
zoseluslits with ON banks though there has been
soMs speculation gong On. Our com ap-
pssfs ri this time DESTROYS Of ont INTO
Y Don sQuixstic mode soff fnsncierings We are as
4oundsd at the unlimited eredit which Is given to
my Individual who has the faculty Of signing his
Aas6ss II " pS1ls resp BE parties are CON
lounde4 40 shs irrespo nsible. II would esohnd
policy ~ rsqsire in issues Dc the currency now
ananat5ng fsnE after hour, day after day, to be
rcquited 10 deposit some kind of security in some
! III onr public inaEtntions To cover their issues.
This issuing 81 change notes has gone as far as il
gAt ~ ID. The public has snbIn:tted to issuesE
s1eemAble when Ave dollars worth are pr ssented,
1t clearance appears only to excite the ardor
4 ~ tkese makers of currency. They are becoming
3 clder every revolution Of the sun. We had before
- tosday promise 10 pay OF three dollars, re-
\ bls when dollars arc presented. Is this
not asking 100 much Of an indnlgent community J
le ssy M shs inquiry then and where Is
on citizens Willingly submitted to the small
q ~ nders Hya dolaF redeemahle il current
aandA but NJ haye been giving an inch and now
ell n solicited. Solicited. We may say itsap-
fests n hi innpeya lively denna ndsd. Large con
aactors, mannI sctnrefss Inachinists and proprie-
PA II son fourd sriea Two, three and four
ihcussnd doliati AZ NV everY eoclly Sit
down asld aign their names to promises to pay
whsn Rrs sin suins Of ten, twenty and fifty
verify believe there i i'd necessity for
heas nslea Our city has issued 500 600 IN small
The Two bank Bank Of Louisiana and
Z State Bank ,ays been Issuing small
notes hi four months and ave dollar notes have
been lsided ii meet stlhe wants cf the public.
There = rs business doing beyond sales Of sugar
md moIasse Cotton is an interdicted article, and
net w y ohpp u change. From our
Obser We arrive st t6s conclusion that il
either Of ouf banks were To issue small notes under
the denomfns Ion pf fire dollars To tie amount Of
ire millions ~ cHars, they would all be absorbed
NJ once III md sold At d premium of from 2
ta5 got II fne, tie good public viii be required
E 40 submit to almost any shave.
There Was nothing done to-day ii paper. Money
Is abundant. Under certain conditions, however,
that alatr clasa ges can be placed If SOS
Pot. and possibly fsctors' paper can be placed ii
4 9@i0. i Is however, idle to quote such thing
q y tthat was onceS 81 paper mari et.
The most Important movement to-day in iinan.
cial eifclts, that tor those interested MAS the
of I'LL a6ah dividend on lie part III the
DiMctors of The Louisiana state Bank to stock
4 holaessssy payable On and after tie 10th
proxiino. This makes ~ 900 paid to the stock
holders of this bank since February, 18Aa. Con
n sidsEings thar TN bank has right bower in its
branch it Baton Rouge, Col. Pike can send for our