The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-02-27

the East India and China trade, and whe,
| launched, in 1888, was the largest American
vessel in this trade.
Notwithstanding her extreme old age, she
| rated Al until burnt and it is estimated tha
her owners and the owners of cargoes shipped
in her have paid insurance companies $500,
| COG for premiums during her career. In hel
| early life, before steamship lines were estab
llshed, she was tayorlte passenger vessel
On one occasion an infant was born on board
OF her, and the child, who has since grown tc
womanhood and become a mother, visited the
Horatio when she was last in the port of New
York. The strength and massiveness of the
timbers with which this old ship was bnilt
were ultimately one Of the causes Of her
destruction.
When the fire broke out, she was towed
from her berth to be scuttled, and the bunch
OF the American mln-ot-war Hartford then
at Shanghai, fred q number OF II pound shot
at her near the water-line, to make passage
for the water. 4 number Of men were then
sent to enlarge the openings which the shot
might make-bnt 50 little impression could
be produced upon the heavy frame that after
an hours hard work, the attempt was aban-
doned. She could not be sunk burnt to
the waters edge.
opi I''theT III ~Hnt
New York Bulletin.
In recent article upon the export ana i'm
port trade of the United States in hides and
leather it was shown and commented upon
to our advantage that, while our exports of
both hides and their products had increased,
our imports of hides had fallen off proving
a greater home production Of leather, and
especially of hides. Now comes an article
from the shoe and LEATHER reporter, showing
that the cause of the decreased imports in
hides has been caused not SO much by our
increased production of them as by the gene
raj use in the manufacture Of boots and shoes
or common leather. which has been in de
mand to such an extent that the poor grades
are absolutely scarce in the market.
This is almost an anomaly in the leather
trade, and its cause is by no means hattering
to that important industry. It is true that
have helped reduce the stock OF
heavy leather, as heavy hides are shown a
preference BY shippers: yet this is not sfficient
cause to account tor this revolution IN the
trade, by which tie bulk of the stock in
market is composed of the better qualities
while the poor are scarce It is said even
now that there are larger orders in this mar
kes from the East and Europe for plump
hides, which cannot be eXecnted even
At the price of prime Buenos Ayres
stock, with which stores are I'll ed. This
IS said to be caused by the fac. that,
IN addition to the price naturally beng
lower, these poorer hides cut up more
and afford the manufacturer
much better profit. But how long the boot
lni shoe manufacturers Of the country can
maintain their former reputation for goods
made trom good stock upon goods made from
Inferior stock is only question OF time, and
t should be a short time. When a manu-
aeturer establishes reputation upon good
york from good material, for which he is ena-
'led to obtain proportionately better prices
nd then deliberately and systemp ticaly I'M
'oses upon his customers goods of au inferior
Iuality under this reputation. he not only de-
troys his trade, but, what is more, reputa-
ion which is far more difficult to recover
ven than lost business.