The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-10-13
Heavy Judgment Against Jay Gould.

The referee Ia the case of Berry g. Heser gold
brokers. against JAY Gould. to recover losset
and commissions on o. 1gG 900 gold bought on
port. He finds Gould liable for si42Goi 10, the
evidence TINT Gould had ordered the purchase
being In writing and lndis nutable. IL me on,
In evidence that Berry g. Heisers purchases Of
gold on aould's account between June and Sep.
tember. 1879. were to the amount OF So 7o7 454 Of
In currency.
"A struggle for Commercial Supremacy.
Under this heading the Ut. Louis Republican,
has an article which mt this time possesses d
peculiar interest:
Commerce as we'll a. politics has Its sangui.
the grent ne ds Of train are oftentmes quite as
decisive aid eventful aa the most noted achieve
ment q ,armies hnssia md Turkey confront
prevails Turkey may be expelled from Europe.
America aud England confront each other,ipon
acknowledged Is nevertheless as full OF sienii-
cance us he more noisy and death ID aling con-
Hict between Turkey and Russia. for II America
wins then England. as ehe now exists. IL de-
While Englishmen as u mass are hardly will
In any SENSE Englnnd's competitor. III are are
individuals nmoug them who realize II and ac-
knowledge 1t, and when the desperate sacrifices
which England has made from time to time In
the wages OF her people and IN the prices OF her
goods Is con ,idsred, IL will be seen that the
struggle is felt even though II be not acknowl-
Here follows statistical account showing the
shrinkage IN the prices Of goods which England
sold abrond during the series of years from 1872
~ the present year. The Republican. by deluc-
lion from the above proceeds to say:
1t will be seen hat the. maximum Of prices
was reached In 1873, and that the decline since
that limo hns been steady. Iron and steel rails
declined from s6t 81 y ton to sii % n ton, Pig
and pndhled iron declined ON $50 II II ton to
si4 10 U ton. coal declined from S. 05 " ton to
Tue decline given above is upon tho things
which England produces for sale herself. and
more fully shows the severity of the war she la
waging. II s true that her fabrics have declined
iRprice also but the staple from which they are
hufactured L. purchased abroad aud has
a9 mard hcre sayo ia tie t RE-
luttion Of wages. AT the prescott time some
upon strike In England. The owners Of the
mills wish to reduce wages per cent again. and
they have given rs a reason that the stock OF
manufactures goods is so large prices are do
twelve thousand hands have very promptly re-
piled that they would willingly work on short
time tnsteud Of accepting q reduction of wages
not suit the masters. and the London Econo-
masters seemed reluctant to tell them,
tltion, Of America that wages must be re- re-
duced, and not because there is an over
production of goods. Unless these operatives
accept thsS PEI, ,, cent redne ion, England will
In every other market on the globe. A most
extraordinary crisis stares Eng aud in the face.
NO nation wants her iron,, copper, coal or lead
elseto sell OF much value. but depends upon
buying raw material from other nations and
working it up into valuable exportabe pro-
duets. But In the light OF Americas achieve
that the day when this resource will no longer
avail her cannot long be POSTPONED.