The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1875-11-28

FAcToRs' WAKE#ousE RAxK-We have 70
oeirsd from the autbor, AEr. Isaac \. Msy1aRa,
Manager Of the New Orleans Clearing HOasas
pamphlet setting forth his views Of the nscss
sty and advantages Of FACTORS Warehouse
yLoau ard Pledge Bank. NJ. AaynaTat
arguments appear inconfroEerIb!e, and hase
rs1 with the stron gest endorsement fren many
OF our ablest hn2ncisrs- He SAYS: ~
TIE banking capital Of New Orle1us islp
Little above s. 009, o0a- This coupsEatTa4
small sun moves annually $500 800 esa EoTtS
Of commodities 81
ST. Louis has banking capital 81 50 u0a 9Rs
and moves Annually = trade OF 81 OK. u9.sAs
Nov, suppose we add hat s., 900 900 to %
bxnk capital, the trade Of or CT! Iond sEeb
10 $50 900 o0O per AMMAN instead Of Se%s4
! 900 IS At present Who can estimate the
blessin Es chat would 30w 10 this city, vac o1r
/ frAAe and commerce increased $3.50 90, wv me
/ coming yeAr, and n still greater ratio eva!
! succeeding one a.,
what 1e want 10 more capital. Vow "
the political skies ara growing day ey
! brighter and more hopeful, confidence u "
/ future Of this great city (sbs1 nothing can u
peae IN its coward march 70 NeaLA -
Powerl is becoming more and mere aFpasssi;n \.
/ Al channels Of trade New Life u bang n
| fused into every branch Of II, and ere nay
n0nfhs the harvest Of rich results mus eeeh
/ TO pour into this Go9as2 Horn Of tbe So9n.
War and Political empiriciEn were eoneanec
destroy our FC0RPerity N eyery direction y.
DsiEbbers Of the West aDa NORTH, moro foEta,'
nate than we, have taken AayR0f1ge ue9
naturally Of cur UnfoCtlMRte c21o1ne1s II
have pushed their Eajlz0n1s SO1fh, and, inGsNi
| almost Surrounded this QnseR Of The Nilsh
whose empire once exten6sd ever 00e-hsH ue
Union, and paid willing 4xih1te nj heT eeat.r
FIJI feet Tbese ENTHUSIASTICALLY tes y.
| from ST. Louis % Texas VIA ShEeyePoTt- !, :
| sAppinE the foundations Of the wealth d ~
| -5f- Ou- IA csar R1F5uu
/ import trade, especially Of coHee ncm
! BrAzils, has dwindled down 70 dl@lnHa -
! figures compared 60 what it was heiofeS v
| late way.
II is TO regain tho trade Of cotton and eOfsss
and many other produc4s Of the sol,-SO.;i..
| and West,-that We require = large IHeTe1sS !
our banking capital in this city. O1t W. n
houses open in vain their OaPacioos ooOEs =
the storage Of these commodities IN - -
Quantities New Orleans shonld be the CIT 1sE~
Of these prodpS9s and 80 enable factors ane -
porksrs to keep and hold large stocks Of co. -.
Tobacco coffee, sugar, grain and toni, eIe1 ~
present banking capital does not allow OF - =
+ advances of Cash Is WoRl6 necessarily go
cnirea to enable merchants to CARY "a.
quantities Of these prime 1eoessarles OF M a
hank with s., oeo coo capita ano I Sss sd
the Warehouse Receipt Eystsn, OF HsIas n
Pledge System, wO0ld be OF untold 's
our future trade -, And
No safer sscuritSes could be had than s tISsil
NATShouSs heeeapGss Oh PCoo1cOS - - = santaR
inSuredS-So loan money upon. Ineh -s;rsrJ
ton in market value - bus little IN = vslut
times. and thew could never decline N s.neeI
90 much during four Doaths - 70 eI r.ius q
| n loan Of 50 per cent uPOn their eAsn
the time OF making the advance lands
II Oar cotAoa facsoEs ereq1onGlysholo - upop
| Of hosan AZ cotton in cotton press--sN,, al
which shey have advanced nearly its . ~ dol
IA 80 wee, upon the cotton iEgclE no n.. nne1
| InrrSNn Ss Obtained tC0R o b0Dks--oHnnSSo 20
FooScra. nnlaaR Cotton, Oc1feaS topSSS erg
| To1r A. 0ssR ISroascss a4 all tines ,11onsk
fAroa- uo& tia6le % lessen in valnS S1;ties 8,
/ parSShablS nature, are Tia Sattest
] 1870 - RhR HRrais Ot time pCoPoseN'
r-p r-Ar~vr TRTuSsPn.-ThO attonHCH,
,,.-Srel - IN lsvSsa e u-ss h called % We ~
- "a ssx ara Paes, he ~ ~ l...,,
/ Z :. .-s.s - scNieNrEf1R eEprsssy