New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-23

directors to issue IS 900 COO sterling adGhnnai in
notes, it seemed as if the fear and astrust Of the
commercial world had suddenly become boand-
less. The statement was baseess at the time, but
it served to allay the panic which had no solid
foundation. Even the announcement of Peto's
suspension did not revive the panic in its FIRST in
tensity and the statement Of other stoppages pro
dueed little effect.
The London Times adds: " We need to be per
suaded that had tie government stood grm, the
panic would have subdued itself; and if, as we are
led to expect, confidence viii bespeedily restored,
we shall attribute it to natural canses rather than
to the interference Of the executive government"
The action of the government was announced in
| the House of Commons on Friday at midnight, By
M. Gladstone. Who haa been engaged all the
evening in consultation with bankers and others,
who renresented 70 him that tle manic in the city
was without naralleI in tbe financial history of the
couptrv. Mr. Gladstone sa,a he had addressed a
letter to tie BaLk Of England. to the
effect that If tbev abo,ld find occasion to
sfI3rd relief to The wsnts Of Legitimate commerce
| and - make sncb advancea as woald reanire the
issne az notas beyord 4ta a,ponnt allowed by the
act the government recommended them nottohesi-
tste III 6ine so and iotendsa in the event Of that
emergency tn make immediate annlication to Par.
!
Several failures have occurred in LIVERPOOL.
WAsHiseroN, May 22.-Judge Hughes, Of In.
diana of the court of claims has been amounted
aenersi agent Of the treasury department vice w.
| P. Mellen, of Cincinnati, resigned,
WAsH1seros, May 22.-The bill in relation to
the public lands Of Alabama, Mississippi, Arkansas,
Louisiana and Florida has passed the Senate. 1t
provides that they be disposed according to the
homestead law of 1862, without discrimination as
to color. The price patent five dollars allows the
privilege of securing land to persons who have
served in the Confederate army by taking the oath
OF allegiance.
The bankrupt bill has passed the House by yeas
6S, nays 50.
Gen. J. B. Palmer, of Tennessee, has been par
doned BY the President
new YORK., May 22--PrlYate adylces indicate
large return oio-z9 pohaA per steamer Gapass
The shipment OF specie tomorrow VIII PROBABLY
exceed S50OO,O00.
Etghty-seyen cases OF arms nave been seized ..
the government at Erie, Pennsylvania, belonging
to the Fenian Senate.
Lemuel Cook, revolutionary hero, aged lOz
}. died at Clarendon on Sunday.
NEW YORK, May 22-l2 2N.-Gold l333C9l335.
New YORK, May 22 P.M.-Wm. r. Wright
TepoFtS CoLtOH qaleG put url uuueE Tue Cuoa
RI news. Sales thus far, 1900 bales. For the weel
" 20 900 bales. Middling uplands 38c. and Orlean
middling 40c. The receipts for the week at a
ports were 81 900 bales, and the exports 24,Oo
bales.
p' Gold 1885,. Sterling exchange lively at lo93
Ngw YoRK. NAV 22.-The cotton market close
frm. with sales Of $500 bales at $50. for middin
uplauds and 4oc. for midding Orleans. Flour fir
a and unchanged soptbern firm with sales 500 ba
rels at sIo Il tn SIG ". Corn buovant white 60
Mssa norz heavy at $40 25 lard heavy. whist
All IL % % q 20 81 sugar steadv
Trrner+rs ataadv
storlirr o,cboroa 1ool6n1no1 Gold cIoae5
v ,a9a
g. ror1s MAY 29-rha ola and nav scbt
prashvterian assemblies have met here for the Fl
+iroo. sinco 1aa7 The nroiact of reunion was d
- cnssed Two mediators preceded. Twelve hi
d~od nsrooDs ware il favor of rennion It il def
ita1r s+o+ad tbat roa..,rss viii he immedateIv
stity stit,.ad asl'+oN 70 offac+ +bis obiect
soTTuwrsr pass Nav 22,-Arrived inside at
D. o,ciock this evening the bark Rio Grande. Fl.
Argento' master, from 'enoa On tne 4o'n ~ :
eemoer ana ha'uaFa 1he 1ou u APfn' "I'i
cargo OF lnarole, OH miues' eneS'nu's anu inS
p cafohl' oonslsheu W iiSSelo PLos'