The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-03-18
Ihi SEN 6rlsals @rsxtsut.
Written for the n. o. CRESCENT 'a. 500 'n'ra
ASA HAITI ON THE CURRENCY.
LETTER no. LxI.

Jscque O'Dimunts, ESQ.,: -f'lf
.3fy Dear Botoer--Your note to me, In which you
ask a suficiency Of circulating medium 70 enable
you to settle the honest and weestabshed claim
Of your vssherwoman, has been received, and
hasten, jump, leap, to afford you the relief de-
sired-by giving you my views upon the all talked
Of subject Of the city currency.
My bower. you know that am broker.
broke myself in frantic attempt to live on dol
lar and seventy five cents dsy-a family Of sew
en- included-when might have suffered comfort
ably on dollar and quarter, and nobody would
have known it. Ibroke, or helped to break, seve
raj others by going it on credit; and have sort
of semi satisfaction in knowing that was q sue.
eessist on several occasions, the particulars of
which have not been as yet brought before the
bankruptcy court.
The present condition Of the city currency, my
bower, is hard to, define. Distinguished finan
ciers-interested aud disinterested have tried to
locate and place 1t. somehow, and all have failed.
At the request of several friends, who are not
quainted with me at all, have SO far RETAINED
from giving my views on the subject; but things
have come TO such pass that silence, on such
important matter, would be a virtue which will
be dog-on'd If anybody else shall claim while it is
lying around loose. t
The possession, my bower, of a large amount
of money, Of any kind, whether it be of paper
or specie,) is an indication that the preseason has
got that large amount-that he holds il for his own
il may or may not possibly belong by legal, social,
or political right or title, or possession, or ac-
QUESTION. You see how clear this proposition
IL, my bower, and cannot fail TO admit
that IL Is true beyond all question.
Now, let Us go on little mucher, aud place
opposite this proposition another. Here is q
wretch, laboring under two story load Of out
snd.out poverty. He has in his 0Fn right the
I'll. - q ali e.
not a red in bard or fimsey. But being poor, lis
readily seen that he owns nothing, and that what
he has is solely dependent upon the amount which
has to be reduced by his necessities from what he
has not, to what be might possibly acquire in the
event of his being possessed Of nothing else in
which case all that he has-whether Of paper cur
Iency OF not-must ofnecessity go to increase the
mesgre amount which he didn't have. any fnan-
cier, who hasn't been in the brokerage business
more than two days and half, viii tell you that
this proposition is also incont7Overfibe. Indeed,
my bower, you know il yourself. Now let US put
the two together and sum up. -r -.--r
FiTst-A fortunate chap, who possesses large
amount of money at his or her command, is sup
posed-and naturally enough, too, under the Cir.
cumstances, without regard 10 what those circum-
stances may be, though some circumstances do
not admit Of the same admissions as are admitted
under other crcumstances-to have a good deal
ofresdy cash at her disposal. You may say, for
instance, upward of good round sum. II she
holds il In his right II is, of course hers whilst
OF doubtful character, by which it might or might
not, by any possibility of failure to fully realize
be alenated aud thereby lost. This is most rea-
sonable and logical deduct on.
Second-But how is il with the penniless wretch,
who has nothing but the recollection Of his last
years wages spentg who Is lsboring under two.
story weight OF poverty, want, hunger, aud all
that sort of internal thing? Don't you see He
looks forward to bills falling due, and feeling that
be has nothing whsrewth TO meet them, az once
becomes painfully conscious that what he has IS
as a matter of course, dependent almost, if not
solely, upon the small amount Of ready Taeans
which he would gladly and gratefully have, to pay
with, II he was the possessor OF the proper
amount OF funds necessary TO cancel his o01ga-
tions, feed his family and live Ia afluence the
balance Of his miserable, poverty-cursed ex
istence.
Therefore, seeing that no plan has been urged
by other shresd and able dnanciers, which has
produced the desired effect, shall urge upon the
public the adoption Of mine. Ii has at least the
merit Of being as sensible as any heretofore
Cnered HHf
l. Instead of selling the markets for a term
Of years 10 the highest bidder, as proposed by
Mayor Heath, Ipropose that the City Hall build
ing lust as il stands, be sold out for six months
the present officials holding position as hereto
fore. The purchaser to have charge OF every
thing in the concern In six months time he could
afford, by Whist he could realize" TO pay ths
city out Of debt and restore the city currency tC
its old value. A devil Of lot Of bidders are
ready any day 70 carry out this plan, or pubic
opinion is a large-sized lie.
2. Sell ali the steamboats, now lying or TO lie a
the wbarves from Carrollton to Slaughter Hous'
Point. This would yield an amount sufficient 4
place the city credit on firm basis, and give th'
present officials chance 70 goout and iet anothe
set come in to make a pile. Besides, they hav'
as much right 10 ADOPT this plan as they have Il
seriously consider some others nov before them
These are my suggestions, my bower. hav
been thinking over them some time, and 1t ha
taken much labor 90 perfect TIM for public con
sideration. trust you wilhpshow them to you
washerwOman, and that her claim against 20
may thereby be Cancelled. l think 1t the dlty 0
every man to be true patriot If he can do
without detrment or loss 20 himself. | have n
city money TO lose, nv bower.
Yours financially,
ASA HARTz