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

purchases of supplies on long credits has been |
superseded by cash payments and short credits, -
placing. in this respect, the Southern trade on |
an equal footing with that of the Northern and |
Western States. These facts being admitted |
we only want to develop the Industrial re-
sources Of the South and the Shipping List
very cogently and strongly urges men of capital !
to make their investments in this portion Of
the country as offering an excellent prospect
for remunerative return.
Cotton Crop Report for October.
Mr.. Hester, the secretary of the New Orleans
Cotton Exchange. has obligingly furnished us
with the following report from the National
Cotton Exchange of the cotton crop for the
month of October:
LouIsIANAWe have Ga answers from 81 par
ishes, average dates October 81. The character
Rnfavorabe season for gathering crops ever
= known. Some report slight frost. with no dam
age, while the majority state that great damage
has been done by the incessant rains and wind,
causing cotton to rot in the fields, The average
of crop picked is about go per cent and picking.
The si flfte a December. The yield compared
with that of last year. is estimated to be 81 per
cent decrease, but much will depend on the
M1ssTss s IL Eight. four reports from 81
counties, average date October, 81; 20 report
and unfavorable: report weather fair during
the month, So report very wet and unfavorable
apr same sh time sht rost Is from
some sections but no damage was occasioned
Picking has been greatly retarded up to the
date of our answers so per cent OF the crop mas
been gathered. Owing to continued rains pick
Ing will not be finished in some sections before
I per cent b Below hat Of last with
season from this time. large majority OF the
rsg e gdon In
fields. causing the cotton to be beaten out and
-n,,r ia lad from
answers received from "a counties, average date
October 81. The weather during the whole Of
unfav5rable for harvesting. as compared with
the same time last year There was g light frost
in eGo d@age 70 hG The erap PIT
has progressed fairly; up to the date Of our
answers so per cent Of the crop had been
picked by the 18th OF December next. The yield
up to the present time compares very favor
tinnous rains, accompanied by storms. have
done damage to the crop and much Will tepen1d
on the weather during the balance OF the pick
ing season.
Only Merchant.
The appointment of Mr.. Welsh. of Pennsyl-
yania merchant, as minister to one OF the
most important courts in Europe, has given
rise to much derogatory comment. Some
Northern and Western newspapers have taken
pains to ridicule this nomination, and have de-
clared that he. being merchant, knows moth
ing of diplomacy. and necessarily possesses
none of the arts and shrewdness requisite for
the position. We now nothing of Mr.. Walsh's
suitableness as minister, but we think that the
fact of his having been an old and successful
merchant is highly comfnendatory. and leads
us to believe that he is peculiarly and admira.
hlv fitted to fully comprehend the nature anC
scope of modern diplomacy. AS the Hon. h.
Winthrop has we'll said:
."The distinctive and characcterizing feature
steady progress of tn influence Of commerce
upon the social and political condltlon OF man
The policy OF the civilized Worla .o Is now o every
longer do the nations OF the earth n 1 u. e
their relative consequence by the n 1S per ano
discipline of their armies upon the lana o.
their armadas upon the sea. The tables Q
their imports and exports, the tonnage OF theil
their home trade. the sum total Of their mer
camille exchanges, these furnish the standart
by which national power ana nationat In p pon
to the domestic administration. or tn
foreign negotiations OF our own, or any etn ne
two Houses of the Imperial Parliament. VIVA
are the subjects of their gravest ana m9sf IRE
9uent discussions he Tbe
of provinces? The balance OF power! NO IN
balance Of trade the sliding scale corn tb f ba@
spun threads upon. which the statesmen {
modern days are obliged to string Ing TIE TIE peafs
diplomatists? The reciprocal treaties OF con
meree and navigation These lar are the engr0ss
Webster. "the gift of New. England to- n
country also eapable OF oF sba
knowledge and capacity. Said this great state
man: ..,..i o,a ~
ponuiar form of those governments which hay
come down to US from the Rock Of p1ym0pi
and pubIic spirit from all classes. making Y
the great body Of the N III ta hso
and in ali its exigencies, of the most eminel
and striking W rom vP e2er Gt
that the first name signed to our ever memor
Die and GLORIOUS declaration Hane1ck OF ereese
of Boston? Who will ever forget that In t
most disastrous days Of the ReIeqt9n WI
unnaid nayies and starving armies it was
merch ant-Robert Morris of o Philadephi'
who by noble sacrifice OF MS own gTeat nanc
abilities. sustained and supported the wise m m
ofthe country in council and the e, brave men
In q field of bat lie"