New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-27


panic has completely put stop to all new
schemes.
By the City of Paris we have commercial ad vices
to 18th instant. 0ttonclosedfrmer. BreadstuLl5
were duh and American securities quiet. r..
The latest quotations at the London Stock TX
change compare as follows with former returns
q 5p as z 4 5oS7 6s e5 5@sS S 5gT
In THE DARK.--We copy the following sensible
remarks from the last Boston Herald:
AK an experienced banker or broker what are
the progpects of finance and business in this
country, and he will tell you that any newsboy on
the streets can give you as good an opinion as he
Everybody has confidence IN the ultimate future
OF the country You "lli seldom hnd an AmeFl-
try But what is to be the course of gold and
stocks during the next week, the next month, or
the next year? What are to be the conditions of
business? What is to be done about the currency?
How are manufacturers to be effected? What
business relations are to be sustained between the
different sections of the country? What is to be
done about the national debt? What effect will
the present excessive taxation produce? When
shall we return to specie payments, and economy
in carrying on the government and the prices that
ruled before the war?
These are questions which nobody can answer,
and which few pretend to be able to answer AS
good guesser az the Yankee proverbally is, he
will scarcely venture to hazard guess upon u
subject which is 80 involved in party spirit, and so
liable to unexpected turns. This is the worst lea-
ture of our present financial stuation-lts uncer-
tainty. If there was a settled policy, men accus-
toned to study the laws of political economy
could tell something about where we are and
whither we are tending, but now they are all In
the dark, cropping along from day to day, with no
| light to guide them one day in advance.
| If it was proposed to let the national debt the
currency, etc, remain just as it is, business men
| would govern themselves accordingly, and we
should see general RESUMPTION OF activity. II,
on the contrary, contraction and the funding OF
/ the debt should be determined on, business men
| would trim their sails accordingly, prices would
decline, and we should speedily come to solid
foundation upon which to build anew our materia
| prosperity But neither Of these policies mas peer
established. The talk for buncombe has favored
! contraction, but in practice, imitation has beer
| the order Of the day. Meanwhile business Tau
guishes, prices keep up, and nothing is certain Du
| the visit Of the tax gatherer.
/ GOVERNMENT FINANCEs.-Th subjoincd is tn
latest at hand by mail from Washington, heinl
dated the 22d inst.
The weekly statements of the United State
treasury show the amount Of cash in the vaults 0
the treasury proper, on the 2lst, was w 97?,42
10, including over eighty millions in Surplus lSsu
Of United states notes. The receipts from in
ternaI revenue, from the LIST till the 18th OF July
amounts to nearly SO 900,
The disbursements of the treasury during tn
| week Oh account of the following department
were war department, $500 637; navy depart
ment, 81 1872 81 interior department, $3.50 Asa
Total, S. .737 As National currency to the amour
of nearly 900 was issued by the treasury thi
week, making total issued to date, $2S5, 427,O45.
The commissioner Of internal revenue has issue
instructions to assessors concerning returns q
taxes by banks, bankers, savings banks, insuranc
companies railroads, and other corporations TIL
taxes must be assessed on the monthly list an
paid to the collector as other taxes are paid III
stead Of being deposited to the credit of the treas
urer OF the United States. They are also directe
to see that the return Of tax the State bank Gil
calati0n shall be made for the preceding month
on or before the 10th day. Said tax shall be du
and payable on or before the last day Of ever
month after August, 1866.
No tax will be required to be paid under thi
provision on account of a circulation paid gu
previous to August l, 1866. Returns are require
to be made after July, 1865, by associations Q
companies known as proydent institutions, say
ing funds of saving institutions, having n
capital stock, and doing no other business e.
cept necessary deposits, to be loaned or investe
for the sole benefit of parties making such depo
its, without profit or compensation, are to be mad
on the first Monday Of January and July of eac
year. This postpOnes the return for liabilities OF
curing in July, 1866, to January, 1867.