New Orleans daily crescent., 1866-08-29
tefesteu TeaueFs 70 tue supJOIHeu ItPuII WHICH,
a correct copy from the secretarys books, viz


$500 American Silver at. 1889
SPECIAL D1sPATcHEs.-We have permission to
publish the following private kilograms, which
have come to hand to-day: Nelo York, Aug. IS.
Gold opened at l4s3. Cotton unchanged, and
rules at 334@S53c, II A. M.---Gold l495. Cotton
unchanged Sterling Exchange dull and nominal
l074@l0s2 for sight, and 105@l06 for commercial
bills. 12M.-Gold 149, Cotton steady with fair
demand. Exchange on England has declined.
Sterling sight bills are now quoted at 1O7@10S},
and commercial do. at lO5@1O54 1P. M,--Ad-
vices via cable from Europe, report Cotton dull,
with sails Of 5000 bales at Liverpool, up to 10 N.
to-day. at l33d fol. middling uplands. 52Ois are
quoted at Il and consols at s9l.
THE ATLANTIC CABLE.-The New York Com
1nerciai Advertiser says that it is high time that
the New York merchants and bankers fixed upon
some course with respect to the receipt of inteli
| gence by the Atlantic cable, as it is very clear
that the advantage of exclusive news is ssufacenty
tempting to induce individual firms to plan for the
sole use of dispatches bearing upon commercial
affairs The editor says: ~ a&tp9
'lt is obviously to the interest of all connected
with the European trade to combine for the pre-
vention Of such monopoly. At a very moderate
expense to each firm, any intelligence Of impor-
tanee to the markets could be made common"
Each branch Of business has its exchange, OF
other place of daily meeting and by a combina-
ton of the several Organizations-say the stock
exchange, open board of brokers, gold room
produce exchange, petroleum exchange, and
shipowneris association--the same dispatch might
be made to reach all directly interested at q
merely nominal cost to individual firms. Such q
powerful combination should be able to defeai
every attempt at private monopoly, and doubtless
wonld. 1t could moreover, afford to procure very
ample daily reports of the foreign markets, and Of
all political news bearing upon commercial o.
financial interests. Arrangements could probably
be made by such an organization for the regular
use of the cable at certain hour of the day, SC
as to insure the daily report at stated perio(
suited to the convenience of the several exchanges
We transfer the following to our columns from
New York exchange:
Extensive frauds upon the revenue are said tC
have come to light among the dealers and ship
pers of tobacco. The quantity of tobacco seized
in the city was 60,000 pounds, on which a duty
l.of $4,000 should have been paid. It was
found that the packages had the revenue
brand on them permitting them to come free to
this port and that the parties in charge Of it had
the receiving certificates bearing the name OF the
deputy collector of the district in which Danyile
is situated, showing that the duty had been paid.
The signature and stamp were forged. leading
revenue inspector has made an import mt estimate
Of the amount Of the fraud on the governments in
the manufacture of tobacco. He states the loss
| to the treasury by the non-payment or evasion Of
the tax is about eight millions of dollars year.
PAYMENTS OF TEMPORARY CLAIMS By THE SEQ
RETARY OF THE TREAsURy.--The New YorE
Journal Of Commerce Of Thursday, has the follow
| ing comments on the payment Of the temporary
i deposits by the secretary of the treasury The
paying cut of sixty.nine millions Of currency on
/ account og the temporary deposits provokes con
| siderable difference Of opinion. Some persons
think that il will necessltate the drawing down o.
/ the government balances IN the national banks.
it does so the result will be satisfactory one 81
| far as interests Of the treasury are concerned
though il might have the effect of deranging tht
money market, and of causing for few days
4 certain degree of stringeney.
Another point which has been raised Is that, i
Mr.. McCulloch pays off the temporary loan, he cal
conduct his operations without being at every ste
liable to be interrupted by any supervening tight
ness in money. He will thus have more cOntrO
than he possesses at present over the genera
movements Of financial affairs and of the busines
OF the country. But, on the other hand it is re
Piled that the fifty millions Of Clearing House Gel
thcates will sufficiently prevent any derangemen
being developed from this canse.
AS the 26th instant falls on Sunday the paymen
of the temporary deposits by the treasury depar
ment will Of course be made on Monday the 27tl
and will include interest up to the 26th.
The internal revenue collector at Pittsburl
Pa, reports that during the fiscal year endin
June 30 1865, the amount of refined oil remove
from distilleries in that district was l42, ,233 ba
res, whilst during the last hscal year ending Jun
Al 80, 1866 the amount was 345 1907 barrels. Durin
, the two years the amount OF tax on petroleum
collected in the district was S625, ,lS9 27.
The hoard Of trade of Philadelphia have put
4 lished their memorial to Congress, in favor O
free trade in money. The memorial is brief an
3 most unexceptionahle, both in its tone and til
I measures it suggests 'tfor the abolition of legs
. restrictions upon the commerce in money!
r simply recommends the recognition by Congress
4 Of the validity Of all private contracts for the us
i OF money, except in the case OF pawI
y brokers' where the State laws shall govern.
e proposes to leave the fixed rate of interest
!. such State untouched, except when the parties
. the loan provide for another rate by expires
!. agreement.
e a dangerous counterfeit OF the denomination q
50, the First National Bank of Newburypol
u has made its appearance. The face of the bi
In though somewhat cOaTsely, is well done, nj
N nags Ia the back ground are quite faint as as
le are the coat OF of Massachusetts, on the le
and the eagle on the right.
ts Gen. Spinner, United States treasurer hss d,
cded that the only protection to the owner again
A. the payment Of bond or 7-30 note that NAV bay
been stolen, is by entering a eayeat at the offit
Of Of the secretary of the treasury. Coupons arc
sp negotiable at ell times bank nete and will
Of paid In the hands Of third party and bona 4,
30 holders, even In the case where il is known til
le they have been stolen.
le Tax Commissioner Rollins in letter to Jol
Of MeDuffie, of Rochester, N. H., has decided tn
the law providing for q levy of ten per cent. up
Ali State maid nuf hv naranna Sta