New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-02
ON CARONDELET STREET.

done. During the morning hours nearly
every house closed. and the street by
meridian were the appearance of Sunday,
if the teams drawn by spanking horses,
with giided trappinGs, gold and silver
mountings, that constantly passed, may be
excepted. The brokers with an office
gathered within their domiciles, and dis
cussed politics behind glass doors or oiled
walnut ratings. In these discussions the
| possible events that would follow the reOr-
| ganization OF the House, and their etfeC
upon the stocks of certain companies
whereof the brokers accounts are filed,
and which depend for a new lease of
vitality upon certain contingencies that
may or not happen, formed the burden of
theorizing and conjecturng, while tho gen
erai results were the chief topic in others.
AS the day crept on languidIy toward the
small hours of afternoon, the audience that
would listen to such debates grew thin and
still thinner, and the corners were occupied
by members of the General ASSEMBLY,
while brokers We're in the most decided
minority. There are certain people who
visitors who have prediction for bust
ness pursuits lon- after there is any occa
sion for business, who haunt the stamping
ground on Change, simply because they
would De miserable IN any other place. Of
these not few were seen conplimening
the day in summing a faded dress coat or a
beaver hat, whose gloss had in its very
brightness suspicion OF water. or else
sporting the frayed trappings of an Old
fashioned vest. But even these. after cast
ing long and lingering look behind, slowly
melted away and left the street alone with
Its brick and mortar walls, and the passing
street cars Tiled with the throngs bent ON
making day Of it. No man so lofty as he
who rides behind a two horse team With
an air of cOndescension his politeness will
not conceal, he mods to acquaintance upon
the street. 1t appeared to be the custom of
business men to get up behind their horses
from before their business offices. and. in
nearly all cases, to drive grandly by the
corners where they usually were glad to
stand. But it was not long before no one
stood there to salute, unless an aged broker
sitting on the fire plug, huggng his knees,
may be included among the exceptions.
The uitimatum reached by conversation
on business yesterday was gloomy. Bills
are to be paid before the fifteenth of Janu-
airy. Money grows harder. Stocks and OBJ
legations have already been pledged to raise
the cash Tor emergencies. The balance on
the right side is not heavy enough. There
only remains the alternative of asking for
an extension, and even where this has not
been done, credit by such an act is impaired
50 the New Year festival was not satisfac-
tory. The shadow OF impending difficulties
nearly every door step. In the
poorer families the wolf has been so long at
tie door that his presence is no longer |
man enjoyment OF the day 10 reflect upon |
4 bank account toe short toc payments, nor |
ioes Il Tighten his heart TO hear the runors !
81 prominent house already gone Up"
ana more OF good names. though not many.
MAJ are reported Ion Their last legs" Be
sides, the banks can not accommodate
beyond giving further time. In all these
'LtCtipIS luc new year SHOWS Il ScOWi at |
he commencement which must give way to
| smile before il is many months old. The
lghtneSs OF money is not sectional. 1t is
loud Jhac envelopes all business through
ut the Chain Of connection from Thread
lees!ie to orr own street The telegram has
PEELED out this sentence every day. Were
lie strain at one link alone a break down
must take place into an eternal smash.
Where i Is distributed throughout the line
{ can easily be borne as in the present
ase. until the reaction or the rebound
ONES. as it must. In all fancy stocks the
ear begins with fall Of at least 100 per
ent. Ia all State securities there is bu.
ttle difference. In warrants a decided
hange tor the better Is apparent. In city
certificates. they cover dollar so close in
heir value. the "selvage" is scarcely aprre
liable As all men take consolation from
he greater miselics of their ncighbors. we
lay fud ours in the reported dizziness in
Their business centres, in the back down of
tocks in New York and the cloudy New
ears day OF every other commercial city
CSde our own.