The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-19
COMMERCIAL MATTERS, Etc.

=. COHKERCIAL MATTERS, Etc.
The London Times publishes list OF big
British failures during 1875. Heading the lls1
are L G. I'm Thurn, Ssndersons. and Collie
the ameuntein each case being over Is OOO.
O0O Then come Young, Borthwick a 20
CO, 500, 600; Robert Benson, el, OOO,O OO; with
many more involving sums almost as large as
che latter.
The Prince Of Wales has received as pre-.
sent from the Maharsjah of Cashmere sword
valued at $50. 600. The Maharejah of Indore
wanted to give Albert Edward $3.50 900, but
= was finally persuaded to cut the amount down
% S25 GOO By the way, the last-named Rsjah
BIAS S25, 600. 900 stored in his palace.
@ontributions T. om Spain.
Information has been received that there is
4uite stir in the manufacturing city of Reus,
Province Of Barcelona, Spain, to send goods
% the Centennial Various kinds Of cele-
6rated wiz es, dried fruits, preserves, cotton
and linen cloths, silk fabrics, olive oils, inks,
Cum Scented and pure), sulphate barats, pa
PEI. minerals, wheat, sulphate of lime In pow
der, soap, wooden fabrics, ETC., are to be sent
Aere. The city is nine miles from Barcelona,
and has u. 900 Inhabitants. The steam silk
factory of Rsus covers an area of several
Acres and furnishes employment to more than
ehree thousand operatives. The cotton goods
factories, though not on so grand SCALE are
Smpoytant and sepgesent altogether owes S..
COX. 900 capital
Compsfssfs fIssase.
Especial Diepatch to the Daily BulletlnI
WASHINGTON, Feb 14.-The intentions Of
Congress, IS expressed by the House Com
enittee on Commerce, in investigating the
Pilotage question, seem to be misunderstood.
Congress, SO far this session. proposes to re-
move the COMPULSORY feature from al laws
affecting enrolled vessels, and to let all laws
otand q they are now regarding registered
Hessels. The Sandy Hook and Boston pilots
agree 70 this, bhe the He'll Gate, Philadel.
Ohia and some Southern pilots are dissatified.
4 hearing of the last named was had to-day,
end others will also Be heard. but the propo-
0itiol above indicated will no doubt prevail
Southern gmmigrasioD,
New York Bulletin.
Beyond question, Southern immigration is
gradually becoming matter of increasing i'm.
Q0rtance. The Sast area of rich and fertile
Territory in the various States that now re-
main uncultivated, together with the excel
Sent advantages which are offered to the thrifty
immigrant. is beginning to be appreciated.
What is most needed is that class of immi-
Grants who have some little capital, that is to
say . sum sufficient to purchase small farms,
and who have intelligence enough to work
Chem advantag eously.
The other classes, who have nothing either
in the way Of capital or industry, are recon-
mended by the Southern journals to stay
away, as there is no possibility of success, or
even making bare living, except to those
who are wiling to work. There will soon be
. convention at New Orleans to devise ways
>Snl 90 - A.
right kind. A. circular has been issued re-
questing the attendance of the Governor and
two additional delegates from the States OF
Missouri, Kansas, Iowa, Wisconsin, Illinois,
Indiana, Ohio, Kentucky, Tennessee, Arkan-
sas, Mississippi Georgia, Alabama, Florida,
Texas and Louisiana, to meet on the 1st OF
March and take the matter into consideration.
It is proposed TO organize permanent
body, whose duty it shall be to protect immi-
grants from frauds and to assist and advise
settlers az to the best means for their welfsrs.
The market prices of lands are SO low that
one years good tillage in either of our staples,
sugar or cotton, will yield sum per acre
equal to present cost. No staples grown in
this or any other country make such liberal
returns to the farmer. It therefore needs Just
such action as the convention intends to take
in order to make these lands valuable to the
welfare of the South, and to provide q COM
Portable home with lucrative employment for
the vast number of intelligent men who are
now complaining that there is nothing to do.
Tho Bankrupt Act.
The experience of the proposed repeal OF
che bankrupt act is curious episode in the
business Of law making and law undoing at
Washington. In response to q large number
Of petitions for its repeal, the Judiciary Com
mittee of the House passed the bill tor repeal
after only half an hours debate. This, it ap-
pears, was on Friday, ard the next Monday
it was sprung upon the House, and without
moments debate passed by majority almost
unparalleled in such an important case, and |
under indications Of working majority of at
least 100 members of the House of Repre- |
sentatives. But as soon as the country under |
stood that the MISTER now rested entirely |
with the Committee of the Judiciary of the
Senate, petitions opposing the repeal began |
TO pour in. The Washing ton correspondent |
of the New York Bulletin says:
So important has been the character Of |
bersons who have taken an interest in this |
ching last Monday, the Committee of the Iu-
dietary, to which the bill was referred, Aas /
determined to delay the matter as long as
possible. The entire banking interest of the
United States, which ~ an important ele-
anent, is against the repeal, upon the ground
that not only for these, but for their custom !
666, SOW0 6CtlOu ~ hUSUlUt0ly necessary 10 Z
prevent great hardships to the commercial
GLASSES. One very prominent banker, who
teAects the. shade of views from that side.
says that the moment that he felt convinced
= repeal of the bankrupt act would follow,
and that if the bill passed through the House
Of Representatives he would cut off about
cpe-third of his customers.
1sHe says that as matters are now, if his
customer, who he knows to be in trouble,
shall TAIL, he knows that he will come in and
yet an equal share Of his asse 8 in case of his
going into bankrup cy, but if the bankrupt
act was repealed the first creditor would take
all he had, and there would be nothing left
fcr the bank. he says that due regard to
the straitened condition of eff airs in COM
mercial circles dictates, as matter Of pru-
dence. a retention Of the bankrupt act upon