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

A'Isnh VI 'ftIct uuFluP bIt 1tSt lNtlNt months
added SOB, 600 600 to its coin and bullion
reserve, the same BY the way, being at this
time about 500, 600 600, or about half of the
total specie and bullion in sight in all the
principal backs OF Europe. In the mean
while the Bank Of France has reduced its dis
counts Oh private paper by SS7GOO,O00
The result Of the latter is that values are
Kept down in France below the parity Of ex-
portation and foreign capital is attracted in
large volumes to move out merchandise to
dearer markets, rs well as to be nye ,ted into
securities. The Economist emphasizes the
importance of the greet chlrges which
nave occurred in the Bank Of France, by re-
mlndlng us that the total amount OF private
securities held by the Bank of England is
smaller than the volume Of discounts which
the Bank OF France has called in during one
year-more surprising developments, per-
haps, than VIII be met in the annals of
banking.
4 sound Tenet.
The following resolution WAS adopted into
the platform of the Connecticut Democracy
by the recent convention
heSOtted, That the use of bad money i'm
poses an unequal and dishonest tax which
bears most heavily on those who work for
wages; that irredeemable paper currency, by
Whatever name known, IS bad money and
that 1t is a fraud in a time Of peace for the
except gold and silver coin OF d fixed standard
The Cost Of Government.
An Engish authority Of eminence, in com
pairing the cost Of government in the United
States and III England, puts the national eN-
penditureS OF he former at : to so, 0OG,
against 81, 600, coo III the United Kingdom
us local expenditure q. 2. county and town
expenditures is abogt SO, $50 0OG. against
Ell, 100000 in the United Kingdom. The
entire public expenditure Of the United States
Is put down at cl3i,900,0GO, egainst G9S,-
500, 600 in the United Kingdom
The New York Board of Underwriters.
At meeting held few DAYS since the
New York Board Of FIRE Underwriters
adopted important notifications Of previous
rules. In view Of extensive improvements in
buildings etc. alleged 10 have been accom-
pllshed through the efforts OF the board, and
also In view of the fact that d reduction Of
rates is demanded by the business interests,
1T was resolved that members De authorized |
until further notice, to MAKE an ''abatement
upon the standard ra.e, upon ner-
chandlse and other contents OF schedule |
rated private warehouse AID storage stores
not exceeding % per cent, and upon
the buildings containing such property not
exceeding . per cent; the deduction to be |
made from the full rates, Including all |
charges"
''They may also be allowed on policies OF
such property a rebate to the insured Of not !
exceeding 10 per cent, Of brokerage iuclut- |
ing rebate to parties other than the assured |
OF not exceeding - per cent upon the amount
OF premium, the commission or rebate IN all |
cases to be deducted from the net premium
only"
Risks classified rs dwelling houses and |
furniture, dwelling houses occupied III part
as stores, and tleir contents, churche; and |
public schools, former rates continue, sub
Ject to rebate OF - per cent.
A resolution was adopted deprecating all
"unwise competition calculated to unsettle
rates, and another repeating all rCles probib-
iting the exchange OF business with compa-
MES not members OF the board.
Fraudulent Packing.
The following official documents from the
Merchants Exchange to Messrs. Gordon &
Gomila, will be read with interest:
New ORLEANS Feb. >, 1875.
Messrs. Gordon X Gomila
Geaheaen-I hand You herewith certified
copies of the proceedings Of the Provision
Committee in the matter OF 100 tierces lard
received by you from Louisville, and of the
special report Of Mr.. I. Q. Treplgnisr, made
by request of the committee; also bill 81 Mr.
Trepagn for services as Inspector, which
am instructed TO refer TO you for payment, for
" SlIil ICIS. LOUIS, truly,
SAINT aiJIIES Secretary
New ORLEANS. Feb ., 1879.
At the instance Of McssIS. Gordon ( & (
mia, the Provision Committee If the Mer- !
chants Exchange was, On Tuesday, 23d inst, {
called upon to examine and pronounce upon
the quality of shipment OF 100 tierces lard ,
received aby Messrs. Gordon & GCmila from !
Louisville, Nv.
Upon a detailed statement Of the flcts an1 =
circumstances by MessrS. GOrjon x Com u, .
the committee designated Mr. T. q. IRE !,
pagnier as az expert to inspect and examine !
the shipment and report in due course. .
Mr.. lrepagmer presented this day, Feb |,
ruary 20. the following report
NEW ORLEANS February, o5l 1875. /
To the Chairman of the Provision Committee h
Merchants Exchange
Dear .Sir-At your request have thi, dly h
,aretully examined at the store Of Mesers v
Gordon x Gomla, n certain lot of one hun Il
lred tierces supposed 10 coatau lard and n
branded John Tierney ( Son, Packers Re t,
ined Lard, Cincinnati, X, and find The con n
ents to be composed prime pally Of tallow, a
,leached by some process The article is very 81
regular, and some tierces seem TO be- com L
,osed entirely of tl!iow which has a very +
eem to be mixture Of tallow and lard As y
n article representing lard il is entirely I'M d.
nerchantable, but it may be sold at the price tc
f tallow. Yours respectfully,
L. o. TKErAGNIEE
Whereupon 1t WAS by the full committee .
resent u
Resolred, That after receipt of the Inspect n
RS report and upon careful consideration the Y
revision Committee Of the Merchants Ex- o
hange are of the opinion that the article IL Re
uestion, if rerresentedto be lard was fraud &C &C
lently packed, and is irregular and unmer- Ut
hantable j. ID. C0BE, Chairman.
SAM'L MULLEN, Secretary.
4 Famous Old ship. II
The ship Horatio, belonging to New Bed NJ
rd, was burnt in the harbor OF Shanghae, n
ecember 10Th. She was remarkable yes m
j, and had attained the unusual age (tor OF
,ip) of torty-two years Her architecture t.
as a marvel to contemplate. she was built pc