The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1877-03-02
FINANCE AND COMMERCE.

FALL RIVER is OVERLOOKING with orders
from South America. An agent recently
sent down there to open a market for
American cottons has had admirable sue
cess. He reports the way as clear for a
lively trade.
BY a recent decision in Indiana, prom
issory notes are not negotiable in the full
sense of the term unless made payable
Mt bank in that State. If not 80 pay
able, they remain subject to equities
between the original parties.
COUNT DAssI, President of the italian
Commission Mt Philadelphia, is in Balti-
more agitating for n steamship line to
Italy. A good trade in cotton, tobacco,
petroleum, sulphur, fruit and other ar
ticles already exists. The trade is capa-
BILE OF great expansion, and would be
much more profitable if transacted di-
rect, instead of by way of England, as a
large part of it is now.
LOUIS j. JENNINGS, the London cor
respondent of the New York World,
writes that the cotton trade is passing
from England, not temporarily, but per-
manently, and no one who is engaged in
it yet realizes that fact. Now where
ever piece of English cotton can enter a
market another piece of American cot
ton is to be seen side by side with it
always as good, sometimes better i'll
quality, and lower in price.
THE New York Pubtic says the full
earnings of thirty-nine railroads for 1876
and 1875, in comparison, aggregate $780,
61S, DAT in 1876 against 1926, 464, Az in
1875, gain of only q per cent. These
roads represent fully one-fourth of all
the railroads in the country, in gross
earnings, and their returns Justify the
conclusion that but little progress, if
any, was made in 1876 toward restoring
this great interest to the prosperity it
formerly enjoyed.
THE cotton print mills of Fall River
are now producing 5,S50,000 yards a
week, on which there is a profit of l
cent a yard. The Springfield Repu6-
lican says that, although Fall River
manufacturers made the first export of
goods to England, and can compete with
her i'll foreign countries, they differ from
the Rhode Island makers in that, but
little cloth is exported; the mills are all
running and doing their utmost, but
they can do no more than supply the
home demand. In fact, they are strong
in the belief that for the dry-goods trade
at least, the hard times are over
The recent victory of American imple-
ments in Russia has some picturesque
features. When Mr. Kolyszko returned
from the Philadelphia Exhibition and
told what he had seen, the English deal
ers in Russia became alarmed and began
a newspaper campaign against American
They especially attacked
our plows, and said that English plows
would be used throughout the whole
continent of America were it not for our
tariff. Mr.. Kolyszko challenged them to
a trial, and the day and place were APP
pointed. The English went to the spot
a day ahead of time, and plowed piece
of ground. Mr. Kolyszko arrived next
day with American pl0ws and experts
He found that what was left to him was
land of the worst nature, covered with
shrubs and very uneven. Knowing what
American plows are, however, he went
to work mt once and showed the English
and Russians what they had not seen be-
fore. With these plows he cut the earth
and matted roots with the greatest ease,
very much to the surprise of all specta
tors, who decided the victory for the
American plows complete. The plows
which that day lost the championship so
long maintained in Russia were of the
celebrated firm of Ransomes, Sims &
Head, of Ipswich, England. 1t was one
result of that days work that circular
was issued to the landlords of Russia by
the great grain exporting firm of Man
kowsk IL Kownachi, of Odessa, trans
lation of which is published by the Bos-
ton Journal, in which they say, 1--WE
take pleasure in recommending to our
countrymen and the landholders to get
their machinery and implements from
Mr.. Kolyszko, as they will get things
which are not only cheaper, but far su
perior to anything known in Russia"