The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1867-07-24

NEW ORLEANS GORlESP0 CD.
New ORLEANS, July II, 1867.
Friend Democrat The banking house
of NJ. Judson & Co., suspended payment
on Monday, going down 30 quietly that it
scarcely made ripple in financial waters.
Ten years ago this was one Of the leading
private banks in our city, formidable ri
val to the old houses Of Benoist, Shaw &
Co., James Robb & Co., and Mathews,
Finlay & Co., and outlived them all. AT
that time the principal manager and busi-
u ess man was VIM. r. Macbeth, young
man of energy and tact, possessing great
financial abilities, and social and genial
character that secured him an extended
circle Of friends. Under his guidance the
firm had large number OF customers,
their quotations were relied upon, and
their exchange and acceptancies were
+" gilt-edged." Poor Billy, many heart
was sad when the news came that he was
amongst our slain at Shiloh. And now
the house that he labored so hard to build
up and make prosperous, has gone down
with the miserable tale Of $4,000 liabili-
ties and $4,000 to $4,000 assetts.-
Speaking Of banks, I noticed, the other
day as passed the building formerly occu-
pied by the Bank Of Commerce, over which
the venerable Jacob so long presided, that
1t was now q Soda Water shop-the pro-
prietor of which announces that he has
the coolest soda water and best syrups
in the city" What a fall was there
from a popular bank to soda water foun-
tain, from the recipient of hundreds of
thousands of dollars, to cooling beverage at
five cents a glass;! The Bank Of Com
merce is in bankruptcy and the days Of its
glory and power are over. But yesterday
the word Of Caesar might have stood
against the world, now lies he there, and
none so poer to do him reverence" How
true in nearly all worldly affairs A short
time ago, and all the city praised Mr.. Bar
ker-when he appeared on the streets it
was said, He is as strong and active as
ever" "He's great business man." "He
is sound thinker, and knows how. to han
die political, as well as financial questions"
And now! Why the same men talk in
whispers when he passes, they never
thought much Of him, they never would
have trusted him, and thus with mods and
winks they give you to understand that
they have known all along how the matter
would end. Mr.. Bakers failure was
most unfortunate affair, as much SO for
himself as others. He was, and is, though
now his voice is hushed in misfortune,
friend of New Orleans and her people-a
deep thinker and one who handled politi-
clans without gloves for the benefit Of the
masses, o promoter and worker on the
road Of progress and improvement, slow to
Move and difficult to stop when moving
a liberal friend and benefactor to the poor,
and a patient adviser and director to the
ignorant and helpless. Mr.. Barker was
undoubtedly deceived by many Of the new
corners, those mushroom merchants, who
started up in the wake Of the Union army,
and fourished SO long as they could draw
substance from those around him. In their
headlong career they controlled and kept
moving an immense amount Of money,
suffered heavy losses and went in yet
stronger to retrieve themselves and finally
burst up without assets enough to pay for
a decent funeral. The whole community
worshipped them in the hey-day of their
career, but the consequences Of their disas-
tiers fall on those who had money to lose
BY them. A new postal arrangement has
been completed between the United States
and England, by which the postage on sin
gle letters Of half an ounce or less weight,
is to be twelve cents, and twelve cents for
each additional half ounce or fraction
thereof, and on all books, papers, periodi-
calls, &C., six cents for four ounces and six
cents for each additional four ounces or
fraction thereof All postage to and from
either country is payable in advance, or a
fine Of FIVE cents will be laid on each letter
not SO prepaid. d I'D. 4,,f
Old Thad. and other Radical leaders,
having endorsed the murder Of Macmillan,
as q justifable and praise worthy act in
Juarez, we may now expect a perfect
shower Of praise of the act from the lesser
lights of the party. It is announced with
considerable gusto, that General Grant ap.
proves sof the execution, and says this
country cannot disapprove Of the act.-
Some people say, you know the busy
bodies are always talking, that General
Grant wants to be President, and hence his
echoes Of all the Radical war cries. But
General Grant might be more than Presi-
dent if be now came boldly forward. Con-
gress reposes extraordinary confidence in
him and has virtually placed the recon
struction of the Southern States in his
hands. The rejection Of the Representa-.
tives Of Kentucky, which leaves that State
for the first time without voice in the
National Councils, and the inquisition
started against Maryland and Delaware,
these things show what can be dime and