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NEW ORLT~ ‘ NS DESCRIBED 18 MONTHS
003S5
AFTER THE END OF THE WAR
December - 1866
Dally Picayune quoting from
-	Saturday, December 29, 1866 - p 9 c 2 Ouchita Telegraph (Monroe, La.)
HOW NEW ORLVArS LOOKS NOW
Mr. M. Crainie of the "Ouchita Telegraph” thus describes his impressions as to our commercial condition as it looked to him on his late visit to the city:
"The money crisis has fairly set in. The cotton crop is now estimated, outside figures, at 1.500,000 bales, and people who would not be convinced by prognostications of any kind, are now satisfied the crop is a failure.
The depression in New Orleans is manifest to even a mute who has ever seen that city in its prosperous days. Carondelet and Canal streets look fairly blue.
Some of the largest dry goods establishments on the latter street are standing almost idle, and we were told that some of the factors in Carondelet will have to carry over to next year an almost incredible ■unpaid balance. These are unpleasant truths for which we feel deep regret.
As long ago as early in the Suimjer, we set out to prepare our readers for such a state of affairs and urged upon them the necessity of strict economy and good management. It is now, more than then, apparent thfct we must all curtail our expenses to figures within our own individual resources. This is no time for extravagant and hazardous enterprises.
Aside from the financial gloom and trouble, there is enough of foreboding signs in the political skies to check ambitious projects of a pecuniary nature. Capital and emigration, both alike, are veering around the disconsolate South in their search for promising fields.
Hence it is, that as a people we are nearly today as much shut out from extraneous aid as when the Federal Army and Navy had our seaports, cities and rivers.
Let our people return to the plan of living pursued during the war, and save their greenbacks as they did tkEKyxxS their Confederate money, only convert it into a solid currency whose value is unchangeable. Our salvation now is being prudent and saving what we have; aggrandizement is out of the question."
Very good advice except as to the converting greenbacks into "solid currency." Better convert them into solid
s» Or mOTP	______