The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-16
COMMERCIAL MATTERS.

COMMERCIAL MATTEhO.
Thu Supreme Court of the United STATES
has lust decided that provision "a "a 10
press companys receipt, that u Wou,o - - 4bs
responsible for loss unless no.ine aoo;,,t Of
claim within ninety days a'ter ~ LA con.
the goods by the company "a'
dition. .:o,o, nower Of
f,on,raso N set the rate Of interest," winch d
National Bank may take upon loan VI lnon,,
md "a determine the penalty 10 DC inpo,ou
+nr taxing a greater rate, and when tnis
,,o,yer ia exercised by Congress It Is exclusive
o. State legislation. f-ov,
\ person purchasing negotiable paper llom
! Ii.I broker is not affected vain "na.esei
,.,ovledpe the broker may have OF the paper
r., ,s,,rchasar NJ a note made to b indi-
riduaily and indorsed by IN the name OF
hrm ia which he was partner Is not anec.ea
With notice that note WAS given tor AS IN
lyioua, indebtedne IS; the purchaser can re-
cover against the firm
Tha Supreme Court Of Maine hold that a
rule adopted by telegraph company that 1t
,.scaive and send messages by night at hall us
,sna! rates. ION condition that the company
.iau not be liable for errors or delay ID the
transmission or delivery, or for the monde
,;v.rv of such messages, from whatever cause
o.cnrrino. and shall only be bound in such
ease to return the amount paid by the
eender" is against public policy, and Is,
therefore. void, even when assented to by the
sender. :.
4 carrier may lawfully make a stipulation
.;at he will not be responsible TOR loss OF bag
cage. beyond the value Of $50 unless bll! OF
l1.uing or receipt is signed therefor, specifying
the articles aud their values, and the articles
are put in his charge. This was he d IN a
recent case when the passenger attempted to
prove up loss Of large quantity OF Jeweiry
and silver plate. OF course the carrier would
be responsible for gross negligence even II he
had not been informed Of the nature and value
Of the articles, but the carrier certainly has
right to receive into his custody the articles
to be delivered at the end OF the trip, ana
thus protect himself from parties who would
swear up fabulous amounts OF jewelry and
plate, as soon as they found their trunks lost
Or opened. The protection is given to the
carrier in the carriage of freight and should
he extended to him in the carriage OF passon-
gers baggage.
There il az unprecedented emigration to
She Western Territories, as an instance OF
which an Omaha dispatch says that 9oOO emil
grants have passed through that city for the
West since March l.
Some of the Atlantic Ocean steamship lines
are about to materially advance the rates OF
rassage. Cabin passage by the Anchor Line,
alter May l, will be advanced to 500. Here
rotore it has been $40. On the 1nnan
s.eamers the rate will he $50 to 500, accord
ing TO accommodation; round trip tickets,
GOOD for the whole year, S145 to S175, gold.
Ia New York city real estate is still difficult
% sell good deal of valuable property has
been offered at auction without getting bids
OF any sort, and capitalists there still seem %
be in doubt as to whether prices arc to recede
or advance. There are, however. two thing,
which contribute to this state OF doubtfulness.
one is that real estate in New York city is
already twice as high-cven in proportion to
population and business prospects-as 1t Is
anywhere else in the United States. Another
is that New York is losing its control OF the
trade of the West, and though the aggregate
volume of trade in New York may be kept up,
and even increase in other ways, the changes
which are steadily progressing in some
branches of business contribute to unsettle
peoples estimates of the value OF real estate
tnere.
Exports of cotton this spring continue very
sunaii compared to last year. The total exports
from all the ports for the week ending April
y were 40, U23 bales, as compared with 1881
tilas in the corresponding week OF last year.
Since Sept. /, the total exports OF cotton have
been 81 600 bales less than in the correspond
crease of over 81, coo, 600 in the value Of ex-
uorts of cotton as compared to last year.
Ii il quite likely that the deplorable tinan-
.ai condition Of Spain will shortly bring
about another revolution. The government
j. running on credit and has not got much OF
.ha. The daily outlay for the civil war is
.i25O, 200, mostly disbursed to foreign coun-
.les Tor materials, and with 247, 900 men under
arms, the borrowing system, coupled with
general dissatisfaction and the slaughter OF
industries, the crash cannot be far Oft Spain
IS IN the condition of a merchant with large
note to pay at bank at 3 o'clock and no
tnnds." The national debt has increased in
len years from $500, 600, OOO to 81, S75, 900 OOO
A remarkable suit has been brought against
the city Of Philadelphia as trustee under the
will of the well-known Stephen Girard. In
1924, Elizabeth Butler, Of Baton Rouge, La,
deposited $4,000 with Mr.. Glrard for the use
of her daughter. Nancy Brown, the deposit to
continue ninety-pine years unless called for
oy Nancy Brown or heirs. In 1913 the certl-
iicate Of deposit was given to Abjjah Brown,
one of the heirs, to go to Philadelphia and
secure the money. He did not have the
means wherewith to make the journey, and
Bis wife shortly after this flew into passion
With him and threw the certificate and power
y. attorney into the fire. Now, IN attempt is
being made BY Nancy Browns heirs to obtain
the funds, but the Philadelphia court decided
the other day that the plaintiffs could not
search Glrard's books to find an entry of the
deposit, and that the suit mnst be against the
personal representatives Of Girard. 1t will
doubtless be long time before the plaintiffs
get their $50, OOO.-Co Courier Journal.
The Fire In urance business.
Our readers may be interested in knowing
the condition and work of fire insurance com
panies OF this country at large. large major
ity of the fire companies OF the United States
do business in the State Of New York. From
the report of Superintendent Chaplin we CLEAN
a few facts. as follows:
The assets of the fire aud fre-marine insu.
sance compan es of this country Going bust
ness in New York, December 1874, amount to
Sll9. 500, TAG O6. The joint stock companies
OF this State return $50 9S5 776 OF: stock com.