The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-17
COMMERCIAL MATTERS, Etc.


1t is reported that in one Of the large London
hotels they have introduced steam machinery 1or
washing dishes, and also for cleaning Doo's'
knives and forks.
deposit OF chloride of silver that promises to
occupy an important place in the business Oh the
Pacific coast was ately made in the Pinal Moun-
tains, Arizona, IS mi es from Florence. Inc min
era is 30 rich that large Jumps OF IL are worth
$40 pound, ard two men, IN hve Gays, aug CUT
ore worth 100000 or at the rate OF szooo DAY 10
the man. - 49, or
1t is estimated that at the c.ose OF 1874, 2O76 H
steam engines of all classes and descriptions
wers in use throughout the world. Tn sc united
engines represented 100000 horse power; that
l. was equivalent to the pOWor OF 20 U,OJO
horses. working night and day, or to the labor OF
D, 600 900 Of men. The amount of this steam
DO wer emf loyed by Great Britain was equivalent
To 500 600 horse power, and by the United
States 3,9t 0 Coo horse power.
The investments Of the savings banks OF New
York CITY on January /, 1875, was classified as
follows: United States bonds, $50, o4e 700; State
bonds s14 $50, sos; city bonds, 81 sl6 i26; unity
and town bonds, Sc ACC, 800; real estate, bonds
and mortgages, s84 947 1872; real estate, Sc, 7o9
SAG.
The Bank of California on the day of it's re-
sumption, paid out 1854, 500, gold, and received
on deposit 81 020, 900. Several persons deposited
between s40,' 90 and $50, 900 each. When the
| iron doors were opened no change was observe
in the internal appear nee OF the bank, all the
-ormer subordinates, officer. and clerks being at
| their posts. The paying teller had been provided
| with enormous piles OF goid 70 neet tne ueuland
vi ueposiIofs, puA HoeG " ~ n11u w oo a. -
to the vaults, the call for money proved to be
very Iiucn sulalief man eApeo'eu az 'nu u,u.o
tno 80 asc n nonS I "a ;S S;,s - ~
"a W - zoo,V , pasioe' spo0i"i uepo'''' -
The annual report of the New York Clearing
House tor he year ending September ~, shows
1e annuai en- 600 onn IN ror w numhars N
oIo. LIS Is Soooo,o.o,o1Joo 1s 49, 81 zoo q
e e 1 =. .ne ~ IL aIsn Lass nv
lose enan u - ." a. vol, mo Of c,ar rim
varying piopoi1ions 'iisi 'n 1oes IT, ~t"t,,cs
~ any previous yesi e ,aou;r ~ tha Cd Ey.
90 noe ,nciuue tie oneahSs ~ ,mo ahont
cna oge d nanh "hiun arc e"io W
| 200 ooo,ooo per uay. ;.,,,,,x .ho ,,,ost;on
an lhportant rase, in.IisinS eno hdiu,I aot
whetner tne ota.e laws or .ne na''o al Jan.
anu anenoilen1s Hnai ctatoa Snr -,
usuly cases. Is before tne ohieu osales i,io
OouI.. iWo uoias MaS par,, ~ R,s.
sIn ~ WI ot n ner cent. si8 az was de-
dncted for one m ,nths discount. and he proceeds,
/ 1881 81, advanced to the defendant This
charge was As so in excess Of legal interest. The
borrower. or defendant, entered the pea Of
nsnrv and claimed that the whole debt was for
fei ed PLAINTIFFS counsel argued that, under the
national bank act OILY the interest on the dis
| connt of the note was forfeited. and asked the
CONT To decide that bv this law the pialntiff is
enIitled TO recover the sum of $4,000 less SlS SO,
with interest on the balance, 1881 CT, at the
legal rate from the date of the loan. Ihe court
| r4Insed Ia decide thus. and counsel excepted 10
he decision.
| The Bank Swindiers.
The New York agent of the Bank of British
North America stated yesterday that he had been
led to believe that deep laid and well concerted
plot had been formed in this city to obtain money
from tn, bank by simultaneous presentation OF
false letters of credit. The bank had taken the
precauton of informing its correspondents IN .he
principal cities that an attempt would probably
be made TO swind,e them; ana theiT eaaLhs cor
respondents had IN turn informed tnelr CORE
spondents, sc that by Irlday warning had peen
given nearly all over the country. Inc nforma-
ton had not been received at ID illfax, where tue
forged letter presented was cashed Inc SIX sWlnd-
lers are all in custody. The loss 10 the banh vi
Halifax, though but sZ!oo, was al nosiuS, because
o little more time would have insured the capture
CT the entire Dody OF conspiratots. . slih@i a.
tempt to defraud the bank was made Two years
ago, and defeated with no serious ioss.
| Norfolk to Houston.
| Last Sunday ADVANTAGE WAS taken of a COM
rorst;ye snsnansion Of traffic to complete at EN-.
pph;s Ihe cnpnectinn between the Memphis and
Fhari. st,n Railroad and the Little Rock Rail
road Hba descent from the landing on Front
atraat 70 the ittIa Rock depot. two hundred feet
~ nc mia was The onIv gan. and. this being
closed there il an unbroken track between the
Auantic eos ,oard tn the trans Mississippi rail.
rod system excepting only the transfer across
the Missis.1nni River. which is accomplished by
tn Hbn Arkansas,
,"nte there ara about nine hundred miles be.
tween Memnhis and Norfolk. Virginia. and about
a;oht bnndred between Memphis and Houston
nv. C.uf.u,;. R,.;,ass si,ua,iop.
go, 40 hus;nes, situation in sar
Inc nnanc.ai an4 o ha nnoo more without
clnnd With the resumption of the Bank of Cali
snruia banking institutions in the interior which
were Temporarily embarrassed, have resumed
onar tiona withont the least loss. There was s
- nvarhanno az accounts du ing the
ggerod Of snsnension. which has resulted il
piacine credits on a safe basis. The Bullet,
fa1,citstes itself with the conviction that had
hana with the canita,. deposits and business O
no Rank Of California failed in New York, lnste &C
Of San Francisco. 1t would have Frustrated the
.ha s,,o1ons;6n has not been attended with
ain ole Commercial failure which can be direc,l,
.raead 10 f.
The dividend disbursements last month go f.l
| RI in.tify the obseryatioo the payments in the
s 90 be,ng greater than those of the cor
resnon5ipg period last year by 1929, 1OO and some