New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-01

u
TRR TAI on srKTR BAHKs.-Tha committee Of
internal revenue has decided That ALTHOUGH ths
tax III 10 per cent. imposed by the act Of Ma&sA
3, 1855, upon banks on the notes of State banking
assneiatiens paid out By them after July |, 1855,
il not actually repealed until The act Of July 18th
instant takes effect on the lat Of August next yet
as IL WAS CLEARLY the intention Of Congress to post
pone she tax until that timef and the act Of 1855
d0eS not provide specially for the manner of its
Payment, it will not be collected for the current
In5nth.
FoRRTaN FIHANCIAL hTELLIdENuR.-The latest
quofations al lie London stock exchange compare
as follows with former returns:
q sss s ssls s SsIs y s w s
Cssssiss.. ssssSsK aG9aH s7sdSs1 s73s@sT%
The return from the Bank Of England FOR the
week ending July IL gives the following results
when compared with the previous week;
f3 eS9 sss IncreAse'.... sa5as2
t6aT dspesisgs sIi72is5 IpCreass lBS2s7s
On The other aide Of the sccount:
government 4euEies $40 2ls ls3 ECO 600
Rots SSaass5 beassass
The amoans Of notea ia circulation is 225, ls2,si
$50. being decrease Of 46l9035; and the stock
Of bullion In both departments Is fl3 1888 ,a70.
showing decrease Of f883 AS when compared
with the preceding statement.
The London Daily News says
This return shows the effect of the payment Of
the dividends, which commenced on Monday The
government aepoaitA have declined Ca 073 5l2 hut
largely made up by the usual nElux Of private de-
pcsits combined with the diminAtionin the amount
81 lie hanks funds locked up in securities. The
result il that the payment of the dividends has
been attended with a dlminution of only f2g4 40
IN the reserve. Next week 3 p1rtion Of the sum
now added To the private deposits viii probably
be withdrawn but egainst this must be set the
Accession Of RESOURCES TO the bank through the
expiration 81 some of It's large advances on private
securities. t6a
Tho result az thssimport and export movements
OF tho week Was decrease Of about E620,G0O in
the coin and bullion; end as the difference now
shown on the week is about 1888 A75, it would APP
pear 4hatYathey more tha1 quarter os million Of
coin has he6n taken away BY the receivers o. the
disidehds. further decrease OF E6l9O25 in the
amount Of notes In the hands Of the public is
favorable feature, As Indicating gradual revival
of confidence.
The Bank 81 England rate d discount remains
at 10 per cent In the discount market there was
continued abatement 81 the late pressure. Good
bills were done al 9E0sA ~ cent. 1t IS stated that
Ms Disraeii, The new chancellor o. the exehequer,
intends 10 signaise bis entrance on Office by CON
frn,ina the letter Of indemnity given b. his pre-.
decessor to the governors Of the Bank Of England
bns removing the restrictive clause, which b hav
ing fhe effect of continuing the rate Of Discount at
I0por cent. On the Continent Of Europe no mn
ferfal chanqe has taken place. There was an ex-
pecsatnn that Ahe Bank ef France would reduef
its rate. bpt 1hia alteration has not taken place
However. the Bank Of Prussia has reduced its
rates 70 R@ss U cent for advances and pils re
mo following are, therefore, The current prices
s. tie leading clues; Paris a--S3 Vienna, as
Berlin e--63 Frankfort 6--6, Amsterdam, L
z. Turin, SO Brussela, 6-5. Madrid, SO
dapbnfE5 0--S. st. Petersburg, 6A-b3
The Bsnk 0f France fetDYn for the week ending
July u shDWs8he following gesulia 81 compared
with the previous account. peCrease-- cash
III 900 0D0f.. commercial bills al 666 000f.; ad-
Vances. stationary. notes 5000 01oi.; current &C
counts. IS SOC 0003; treasury balance, ~ 600 000f
After the long end extraordinary increase 10 tho
III * a nni
6440 900, bat this IN accompanied by q erge de,
crease in tho nctes in circulation The falling Of
ia the discounts indicates, Of course, dinnnutiol
In the demaud for money.
ENaH1sH RAILRoAD In 1860 The profits real
lied upos tbs railways IL the United Kingdom
amounted to fl457e,2sa. la 1861 this profit 81
creessd 70 8l4 T22 DIS and IN 1857 10 &l4 SEQ las
Since then tie growth Of uur railway profits ha
been much more rapid, the total having risen !
1865 to Si6,I1s, 1853. and n 1864 to Eif9il 23S
TIE amount Of capital paid cp tshAreg aud loan
oombined1 was Al the close pf 1850 43Ae, l3O, i2l
and at the close Of 1868 f425 s5lS, The aver
age upon the capital expended Was shus 10 1866
A.le per cent. and III 1864, $40 per cent. I
piaiHeF terms, British railwayB them q
round, good bad and Indifferent pay about 4
per cent. upon the capital engaged IN their col
Its weIi known that one Of the causes of Il
excessive costllness Of English raitWays is til
heaFy expense connected With getting The neoe
asry laws through Parliament. OF the extent
This Legislation some ea innate may be formed fro
the fact that Of f0al hundred ard seventeen bill
LOGGED y the commencement If the session. Of
hunarea and eighteen have been Withdrawn az
NIFTY SEVEN have been rejected leaving two hui
dree ana forty tive which have either become la
or are alill uader the consideration Of Parlianen
In 1855 tBO hundred aud paFentVes1x bil Ii reVaYye
the royal assent while IN 1866 the total WI Drol
abs Be- tBUhundred and twenty
The failure OF the Birmingham Banking Con
pSny tR England, win liabilities 70 two Million
taa teu1ed p inefea The Gaaaaiai gloom n ID
midland caSsnties. The bank had inside large q