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why it is that they cannot or viii not pay!
The Western Banks will not pay because the
New.Oreans Banks do not, ard the latter
will not because the Western Banks do not.
Such are about the arguments used to sus-
tain themselves in their position. Il is we'll
known that the one or two good Banks in
this State cannot issue dollar for exchange
purposes, their notes would be payable in
specie and they have no means of supplying
the demand for coin except at loss of the
discount on New. Orleans Bank notes, we
allude to the Commercial Bank of Manches-
ter and Natchez. With an export trade OF
more than forty millions, the city of New
Orleans has foI four years been cursed with
an rredeemabIe currency! 1t argues strong
ly against the capacity Of her merchants and
business men to say the least, and we hope


if they do not see the necessity of return


to cash payments, that the Legislature may


take such steps as will coerce them into do


ing right.