New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-01-25
POLITICAL DECAY AND COMMERCIAL
PROSPERITY.

The PicGytTe commits the extraordl-
nary indiscretion Of permitting the wri-
ter on one side of the paper to set utterly
at nought the authoritative teachings of
the other. We open the journal and find
'.syllables Of valor' and Vaccinations of
political decay" Here is a specimen
paragraph:
What is to be the ultimate result of this
most deplOrable condition of public affairs
time alone can tell. OF one thing we may
be certain, however, that liberty can not
long cOexist with such an utter want of
principle in public officers as this CORE.
sponlence discloses. Woo unto the people
who fall into the hands ct these Philst!nes
While this deplorablc representation is
going abroad 90 foreign creditors. the
business department makes the following
contradictory SHOW:
The receipts Of cotton at New Orleans
today foot up 1865 bales. making rhe
total since the first day of September 40.
9O9 bales, the largest for any period since
the war. We have exported since Septt NJ
Der SAG, 474 bales, and there are now in
port seven steamships and nearly one hun.
dred sailing vessels beiSg laden with the
staple for nearly all countries in the world.
These figures show that New Orleans Is
the great cotton port of the United States.
Our trade in the staple this season will be
the largest, in proportion 80 the crop. since
the war, and very probably Will Over.op
the large figures of lS!O-!ls
We now nave press and other facilities
for handling 100000 bales. The depth OF
water on the bar is maintained greater
than ever known, aud the prospects are
IL Il
Fort st. Philip, which will give an outlet
of twenty-seyen feet water. Our steam
tonnage is rapidly increasing. We now
have eight regular and one transient line OF
steamers, embracing in ali !orty-two steam.
ships, plying between here and foreign
ports. and four cOasCwlse lines. with fifteen
fine boats. Other lines are 10 be pnt on
the coming season. and those now running
intend increasing the number o! :h.!. ves.
sells.
Oar banking and insurance capital is
steadily increasing; net in rapid rat!". j.
is true, but still with encouraging rapIdIty.
With the stimulus cur trade now has. capt
tai from the North and from Europe will
doubt! 50 coon come pouring into our midst.
New Orleans certainly has glorious Iu'
ture before her as a cotton smart.
The States ~ Arkansas. Louisiana and
Texas are our. beyon.! question. im!Dig'a'
ton Is flowing toward his fertile se.tou.
The latter Stat. alone ~.it sOUn produce
one million bales OF cotton.
We have gotten from Mobile tiis year
over ninety thousand bales of cotton. AMI
large quantities from the .nIegio. Ih". for
merry went &, that port
Ia upper Mississippi ana tennessee :hc
Jackson railroad is briugin. down 'he pro
duct Of large district, ;Has were formerly
tributary to Memphis.
We insist that this IS q state Of progress
unparalleled in its extent, when we take
into consideration the unequaied imoedi.
ments which have been thrown in its way.
There are two sterling facts TO be noticed'
il this connection: !. The cotton product
and value is due in chief part to the labor
Of the colored people. 2. The sixty or
more ocean steamers trading with this
port are all owned, fitted and found by
foreign owners from foreign ports. For
these results those who have preached
agitation and those who have subsisted
by public Office and public excitement
have no part or share. This great trade
has grown up in spite Of them. 1t has
grown up carrying on its broad shoulders
city debt which has risen since 1861 from
one to twenty-three milhons-a rate of
taxation of nearly the interest on capital
in Europe-a studied misrepresentation
or culpable Ignorance Of the business
condition of the city. We trust that
those who may read the Picdyme in other
parts of the world will compare the lugu-
brious articles which represent New Or
leans as a city in which political oppres-
sion has extinguished all hope, with the
cheerful picture of our present and future
as portrayed il the business columns and
verified by the business patronage c.
tina. !espairing journal