The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-10-11
Commercial and Financial Matters.

In view of the many recent defalcations at the
North and West the New York Tribune says:
No cautious gentleman can retire to rest
with any comfort nowadays without going
through rigid course Of differentiation to
convince himself that he has not been steal
ing something or committing forgery or 80
during the day, AS a Prophylactlc measure
during this epidemic OF financial impropriety
1T would be well for any operator who is COM
PEELED to expose himself to hire private de-
tective to watch him-at least during business
hours.
Mr.. J. s. Taylor, of Union township, Lewis
county, Mo-, has field Of corn which, ac-
cording to the most accurate measurement
that can be made in the field. will yield 1eO
bushels to the acre. This measurement was
made by three reliable men, who have no in
terest in exaggerating the result.
Spencer, the Chicago bank defaulter, has
been heard from. He has arrived safely In
Paris with it s thought large portion saos q
tors Of Chicago. 1t is not safe for Spencer to
live in the United States, but what cares. he
for that Paris Is the most charming place
OF residence in the world to man with $780,
seen and enjoyed in the fascinating French
capital in a week than in Chicago in year.
In Cuba the work of destruction has GER
tainly gone on long enough to warrant the
desire for peace which both combatants are
reported to. evince. The exports Of sugar
had declined from 23S, 45S tons In the first six
months of 1876 to 147.924 tons in the same
period of 1876; while between 1874 and 1876
the exports Of this country had diminished q
In value from $50 0OO, 900 to $58 900, 000-a fall
of nearly thirty-two per cent. The reported
disposition OF King Alfonso to make peace on
any terms is however, questionable. Al
ready this year, according to London jour-
nal he has repealed overture5 made to him by
the insurgents.
sponge Fishing.
Returns of the sponge fisheries belonging
to Greece show that there are at present about
1000 men engaged in this trade Each OF the
boats supplied with diving bells has crew Of
from eleven to fifteen, while the others are
manned by only four sailors. They took last
year more than $40 tons OF spongeS OF differ
emit qualities, the total value being ESQ, 600.
Sponges of the finest quality are sold upon
the spot at from lbs to 14s I'D pound, and the
second qualities for rather less than 6s Each
about ton Of fine sponges. The divers re-
main under water six hours day when they
are fishing; and it is said that many OF them
die OF suffocation, and that great number Of
this work.
Terms Of the Eads Bill.
The terms of the bill provide for payment
OF in all $5,250,O00,. this amount to be paid in
installments, subject to certain conditions.
The first payment was made In February last
for channel twenty feet In depth by two
hundred feet In width of that depth, and con-
sisted of S5OO,OOO For every additional two
feet in depth of channel, each depth of speci-
fled width, he is to receive $500, 1000, while after
a channel twenty-four feet in depth has been
z obtained he is to receive $25o,OOO for main
tanning it, with like amount for preserving
each additional depth of two feet. When Q
channel thirty feet In depth by three hundred
and fifty feet in width, which is the desired
channel, is obtained, S4,25O,0 600 will have been
paid, the remaining 100000 to be held as
security by the government, 100000 for ten
years and the remainder for ten years longer
He is also to receive 100000 per annum for
maintaining this channel twenty years.-Ex-
change.