The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-08
COMMERCIAL MATTERS, Etc.

Il
The shipments of grain from Philadelphia
for 1876 to date are 1856, $50 bushels. The
engagements for exports foot up 37l,OOO
bushels. The total business Of the year
will, therefor, be about z, 100000 bushels,
very heavy increase on any previous years
business.
The rice production of the Cape Fear dis
trict of North Carolina, which was about
2C0, 600 bushels before the war is now barely
10000 bushels. ard diminishing. The to.
bacco crop in the northern belt of the State
is the largest since the war.
The month of January promises to be an
important one in the Uuited States Supreu
Court The decision in the Grant parish
cases. which involves the constitutionality of
the Enforcement act Of 1872, is expected 10
be rendered about the middle of the month
On the 18th Of the month the argument in
the last Of the Granger cases will be made,
and the question, in all its phases, Of the
right of State to regulate the rates of
freight and the fares Of railroads chartered
within the State will be submitted to the
court. An early decision is expected, pcssi-
bly, before February l, as the arguments in all
OF the other cases have been deliberately heard
some time since. An ISSUE somewhat differ
ent from those raised before, comes up in the
Chicago, Burlington and Quincy case, which
is to be argued on the l1th inst, and the
court has delayed is decision on the others,
that 1t may eventually cover the point in
that.
Sawdust can be converted into liquid
wood, and after ward into solid, flexible, and
almost indestructible mass, which, when in
corporated with animal matter, rolled and
dried, can be used for the most delicate i'm
pressions, as we'll as for the formation of solid
and durable articles, in the following man
ner immense the dust of any kind Of wood
in dilute sulphuric acid, sufficiently strong to
affect the fbres, for some days the finer parts
are then passed through sieve, well stirred
and allowed to settle. Drain the liquid from
the sediment, and mix the latter with q pro-
portionate quantity of animal offal, similar TO
that used for glue. Roll the mass, pack in
molds, and allow it to dry. .
What Men Of Business Expect from Congress.
Perhaps the predominant sentiment OF the
business community is the best guide for
Congress to sound measures Of legislation.
We therefore propose to state some OF the
principal things that men Of business, SO far
as we can ascertain their views, expect at the
hands of Congress during the present session
l. They expect that measures should be
considered in the light of the recent and
present condition of business. They regard
the panic of 1873 and the subsequent extra
OTuluATy OepEc6SIOu VI tEau0 dS AdIBcAy COA'
nected with the legislation Of late years; and,
for this reason, they consider that late expe-
rience suggests many things that in future
should be left undone, as well as others that
need to be done.
They regard the present exhausted condi-
ton OF the country as due In no small meas
ure to the fact that Congress has set prece
dent of encouraging speculative works Of
construction. which being followed by State
and local governments, has diverted a large
amount Of capital and labor from the ordi-
nary productive employments to others less
vitality connected with the prosperity Of the
country and, to large extent unduly antici-
patory Of future wants, the results OF this
error being apparent in the great railroad
collapse o. 1873. Partly as q consequence OF
these commitments, and partly under the i'm.
pulse Of general spirit Of extravag ance
engendered by these speculative OUTLAWS,
Congress, as we'll as the minor legisla-
tive bodies. has acquired the habit OF max
ifn excessive appropriations, which have
nj essitated an increase of taxation until our
as ,regats taxes exceed probably those Of the
worst hardened nations of the world. To
these things they attribute in a very large
mea ure, the inactivity of labor, the stagna-
ton of trade, the commences Of bankruptcy,
the lack Of confidence, and the domestic dis
tress that exists in all parts ct the country.
q Men of business therefore expect Con-
gres, to abstain from lending the funds or the
credit of the government in aid of any form
Of corporate undertaking. They regard all
such appeals for aid as in the interest Of spec
ulators and not justifable on business prin-
ciples; and they will regard any Congress that
commits itself to these things as Influenced
by corrupt considerations in disregard of the
public interest.
g. They expect that there shall be no addl-
tions to the taxes, but large reduction of
the national expenditures. They regard such
alleviations as absolutely indispensable to the
recovery Of business. They see no necessity
for an army OF 25. 900 men, and think that
the country would be largely benefited, as
we'll as relieved of several millions OF taxes,
by sending 10000 soldiers to productive en-
ploymen's And they would have the navy
similarly dealt WITH leaving all the improba-
BILE contingencies of foreign war to be pro-
vided for ad hoe. They think the country
could be as we'll governed as it need tor $780,
100000 less than the present expenditures;
and considering that the Ordinary expenses"
of the government exclusive Of the interest
on the debit are now Sis DOC, 600 more than
they were in 1860, (of which increase only
some SOS, 600, 900 ID due to PENSIONS they do
not consider this measure OF reduction un-
reasonable.
4. They expect faithful execution OF the
pledge conveyed in the ect Of last January to
resume specie payment at the beginning of
1879. But they at the same time, demand
that the preparations for resumption shall be
so conducted as to encourage confidence and
aid business, and not so as to embarrass trade
and create uneasiness. They are opposed to
auy methods of resumption that would arbi-
trarily interfere with the existing functions OF
legal tender notes, or take from general circu-
lation any currency that is needed for the
purposes of business; and they would dis
countenance any measures to accumulate
gold reserve in the treasury exceeding thirty
Der cent of the amount of United States notes
Outstandinp