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If we sell our andize to the federals and receive payment in specie, or approved currency, whatever ad vantage they derive from the trade, we receive ponding one in return If we decline to deal with them, they seize our goods and enjoy the whole benefit without any equivalent to us. In the one case it is not only no injury, but substant tial benefit to us. and but little ad. vantage to them. In the other they enjoy the whole benefit and we suffer total loss Whatever may be pugnance to any intercourse or dealings with them, we do not see that either judicious expedient thus to reject their money in payment of goods. which we presame they will seize and take off without compensation, if we refuse to receive it. The State of Finances in New Orleans. LATEST MONETARY REPORT. OFFICE NEW ORLE TRUE DELTA NEW ORLEANS May 17 1862 The past week has been arked by increasing activity in the stock market. and by the promulgation of an im portant order by the Com handing General of the fed forces for this military department, touching the bank misce and the Sales of of rency city stocks transpired daily fabulous figures, and opera tions this class of securities were restricted only by the limited character ot the supply but particulars of as heretorore, most negotiations were, scrupuprivate lously suppressed for the time. though transactions to public auction were on a safficientl extensive scale indicate the ruling prices of the market There was nothing done in bonds from the opening to the close of the week, and there were no offerings of any class upon the market, so far as we have thus far been able to ascertain. General Butler's order on the currency question prohibits the city of New Orleans and the banks thereof from exchanging their notes. bills or obligations for Confederate notes. bills or bonds, and from issuing any bills, notes or obligations payable in Confederate notos. And it further ordains that on the 27th inst. all circulation of or trade in Confederate notes and bills will cease within this military department and all sales or transfers of property made on or after that date, in consideration of such notes or bills, will be void, and the property confiscated to the United States. The order which the above is the substance was first published this morning, and it has already caused almost a panic among the holders of Confederate securities Treasury notes have been sold to-day at heavy sacrifice, and those possessed of no other currency will doubtles be npelled accept for At them just whatev speculators may wish to offer the same time it is wholly unknown what currency Gen Butler designs substituting for them. though freely conjectured that it will be United States Treasury notes. Should this opinion prove correct. much suffering must arise from the absence of small change, as the numero mouths shinplasters several have been which for past freely used to meet all the requirements of trade for fractional parts of dollar sums under five dollars. have been almost exclusively based upon Confederate latter and the necesthe must of suppression currency sarily rendor the former valueless and therefore useless to the public. We presume only necessary to re spectfully invite General Butler's attention to the calamities likely to arise from the transition in the cy and that he will be able to devise some plan to shield the thousands of deserving poor in our city from the inevitable losses which would arise from suspension of the small note circulation till substitute be in readiness to meet the demands for provisions and other indispen sable necessaries Operations of every kind have continued at stand in the outside money market since the date of last weekly review and the bank movement has been re stricted as heretofore, to the payment of depositors checks and the liquidation or renewal of maturing obli gations. Transac tions in specie progressed as for some for for rates but in exchange weeks past, Confederate notes and for bank and city bills have studily ge of advanced. exchar have been limited to Offerings small amount of sterling bills. but no sales have been of to the week. close Receipts up the uncurreported of rent bank notes have been, if anything still lighter than heretofore, and negotiations were of too restricted a character throughout to establish reliable quotations. [From the True Delta of May 19.1 THE CURRENCY PROCLAMATION We have not had the requisite leisure to reflect fully over the proclamation of Major General Butler in rela tion to the currency, but so far as the bauks are con cerned we can perce ve no objection to their substit of their own paper in payment of deposites in every case, up to the present time. The presidents and directors of those titutions are too honorable and patriotic to dishonor the currency they were so anxious to intro duce to the public. and we are sure they will cheerfully aid in facilitating change of currency which cannot be otherwise than distressing to many members of the community We are not among those who doubt the patriotism or disinterestedness of banking institutions. THE "SOLID" MEN OF THE CRESCENT CITY PROVIDING CURRENCY. A [From the New Orleans Bulletin, May 20.] TO NOTICE PUBLIC. THE The undersigned parti complied with the re solution of the Common Council 6,027, and placed their securities in the hands of the Treasurer. the public are that the informed of issue small hereby notes said of parties will be redeemed at the City Treasurer's office, commencing on Wednesday . 21st inst. The Treasurer would respectfully request parties having considerable and sums notes, these small of means the of holding them for a few days, to do so: under the assurance that redeemed as will be they as carly possible. and by this means give chance to the poor people who have them in small amounts, and require for their daily sustenance, to be relieved first He also assures merchants and others that they may take them for their merchandise in safety as the parties have lodgdd abund ant security for their redemption and bound themselves to make no further issue:- Thos Payan & Co. D. H Holmes, Joseph Santini. B. Miller & Co., William Wil liams, Dan. Edwards & Son Adam Wagner G W Lehde Beals & Miller. Holtzel & Zoelly Cresan & McMil Ian,J.&J C. Davidson. C. W Cammack Metz & E. Hacker. Haggerty Brothers. James Cosgrove H. E. Law. rence on P Cazenave, Henderson & Gaines. Goo. W Gre gor & Co ADAM GIFFEN, City Treasurer. THE EFFECT OF GENERAL BUTLER'S ORDER NO. 29 ON THE CITY TREASURY AND THE BANKING INSTI TUTIONS. [From the New Orleans Bulletin of May 20.) NOTICE TREASURER'S DEP ARTMENT. NEW ORLEANS May 19 1862 To all collecting agents for the city, such as the City Attorney, Assistant City Attorney Rego ders, Pound Keepers Jail. Prison. orkhouse Insane Asylum and Houses of Refuge Keepers you are hereby notified to settle up your accounts with the city by Monday, the 26th, after that time no confederate money can be received from them ADAM GRIFFEN. City Treasurer. BANKING HOUSE OF JUDSON & Co. NEW ORLEANS May 19. 1862. All parties having deposits of Confederate notes with us are hereby notified to withdraw them prior to he inst. Such balances as may not be withdrawn will be considered at the risk of the owners and held subject to their order. JUDSON CO., & Corner of Camp and Canal streets. BANKING HOUSE OF SAM' SMITH & Co., NEW ORLE EANS, May 19 1862. All persons havin: deposited Confoderate notes in this banking house are notified to ithdraw them before the 27th inst. Such balances as may not then be withdrawn will be considered at the risk of the owners. SAM'L SMITH & CO. New ORLRANS CANAL AND BANKING COMPANY. NEW ORLEANS, May 20 1862. Parties having deposits of Confederate notes in this bank are hereby notified to withdraw the same previo to the 27th inst. A! balances resulting from such deposits as shall not then have been ithdrawn will be at risk of said parties. By order of the Board A. H. KERNION. Cashier. BANK OF AMERICA. NEW ORLEANS May 19 1862. All persons having deposits of Confederate notes in this bank are notified to withdraw them by the 25th inst. Such balances as may not be then withdrawn will be con. sidered as the risk of the owners C. CAVAROC. Cashier pro tem. LOUISIANA STATE BANK, New ORLEANS. May 17,1862. Parties having oposited Confederate notes with this bank are requested to withdraw the same before the 27th inst all dealing in them thereafter is prohibited. All balance of said deposit not withdrawn will be the risk of the depositors. By order. L. BERNARD Cashier. MERCHANTS BANK, NEW ORLEANS. May 19, 1862. This bank is prepared to pay balance in Confederate notes, which must be drawn flefore the 27th inst, WM. S. MOUNT. Cashier. UNION BANK OK LOUTHIANA New ORLEANS, May 17,1862.
