The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1867-03-13
NEW ORLEANS C0RRESPON DENCE,
NEW ORLEANS, March Z, 1867. 4,

been going the rounds of the Press aboai
the "Great Dry Goods King" filled witt
fulsome and trucking praise of MIR. A. l
Stewart Of New York-attributing hi
success to his uniform truthfulness ant
honesty, and crediting him with the strong
est charitable feelings. .:Money makes tn
mare co." and the great virtues Of the DR..
Goods Monarch may be summed up in on
word--woney. Mr.. Stewart is what w
call "canny Scots man." for if no
born in the land O. Burns, he must bav'
had Scottish parents. He possesses nom
of those generous, open-handed qualities
nor Of that straight forward manliness
which usually characterize On Irishman.-
His success has been owing to his quail
ties for driving good bargain, and to his
early habits Of economy and close dealing
No employer was ever more exacting witt
clerks, or less liberal with salary than he
In the winter of 1858 which was very
severe one in New York and hundreds o.
deaths were caused by cold and exposure
there were large number Of females en-
ployed by his house. These women were
in rooms over his store on Broadway, and
worked oil through the winter acithout q
tsre-an etpenje that the house would moi
stand. Another Of his peculiarities is that
be never compromises with debtor, nc
matter what misfortune may have caused
the inability to pay-he like Shylock, must
have !" his pound Of flesh" The charities
ofhis Majesty Of Dry Goodsdom, have been
thus far for political effect, one Of which is
worthy of mention, although never carried
out. When the news of the bombardment
of Fort Sumter was received in New York
a heavy dry goods auction sale was going
on-and when the auctioneer, or some one
near him, read the dispatch, Mr.. Stewart
announced that he was ready to give a
million Of dollars toaoards sohippiag The
South. We are told that he is now build
ing residence on Fifth Avenue, which
will cost million and half of dollars, and
that he is about to establish several
branches Of his Dry Goods House in other
cities; but we do not hear of a Stewart
College, Asylum, Library, or anything Of
that kind. He has an immense fortune,
and of course has the right to use it as he
may wish, but the circulation Of such arti-
cles in Southern papers, as the one referred
to, is too much like licking the hand that
strikes us.
The most important event in the bust
ness ofthe past week is the step taken by
the Collector of Internal Revenue in rela-
ton to the notes issued by the city and
State. He has decided that their use by
our Banks and Banking Houses as circu-
lating medium, brings them within the
limits prescribed by the Internal Revenue
law, as amended in July last, and has noti-
fed the Banks and Bankers to make re-
turn to him Of the ahiount paid out by them
since the first Of August and to pay to him
the tax Of ten per cent. At least fifth Of
the business done here during that time hes
been in city currency, and little ealeula-
ton will show any one the immense sum
that would be required to pay such tax.
This has stopped for the present at least,
the use of City notes as banking medium,
and will cause much inconvenience and loss.
City currency is now selling at a discount
Of from Il to X per cent, but will very
likely 60 much lower: if the injunction laid
on its use by this order, is not removed
1t is received in the course Of trade as free
ly as ever, but when Our merchants get
over stocked with it and try to sell, it will
probably be done at such discount as will
stop its general circulation.
Our Fire Department had agrand turn
out on Monday, the 14th inst, which re-
Aected great credit on themselves and the
city for which they labor SO faithfully
Early in the morning the note Of prepare
ton was heard oil around, and bands Of
music were marching and couuter-marching
about Canal street. The day was very
warm, and the clouds Of dust almost blind
ing, but neither the sun, wind nor dust
prevented the ladies from turning out in
great numbers to greet their gallant friends.
The procession moved ct about half past
eleven going down Royal street, and occu-
pied about one hour 10 passing given
point. 1t would be impossible for me to
worthily notice all the companies allwere
decorated, and strongly manned.
The Louisiana Hoses Steam Engine is an
elegant machine, and attracted much notice.
Number Three, q fne set Of our down town
men, made good show, aud looked like
they were just the men to stop fire, or
rescue a halpless person when surrounded
by the devouring element. Old Creole
Nine, trusty and true as ever were made,
had Gne lot of decorations and looked
well, as they always do. American Hook
and Ladder No. 2 carried large eagle on
the center Of their ladders and bouquets Of
flowers were lastly arranged at either end
of the long truck. A fine looking company
ofmen, Washington Eight, of Mobile, were
in the procession and added much to.the
attractiyeness Of the display. But as ]
said before will not try to particularize J.
they were all well and Hastily arranged, the
banners were elegant, the notices appro-
pirate and the music fne-the favorite tune
during the day being the Bonnie Blae
FLAG, After the MARCHING waa ovor thn