The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-23

our insurance companies -four OF them) to the
amount Of $4,000.
Repardiug the much talked Of :" side pieces"
freauent complaints are heard from steamboat
captains that planters. particularly those living
on the lower tributaries. do not put these pro-
teetipg coverings on their cotton bales. They
declare that cotton so shipped is liable to be
damaged In the handling. by the rain and mud
incident to bad weather. and that they
have to pay for the damage in this
way incurred. One captain commanding
a large boat now running in the Arkansas
trade Capt Williams, of the Ashand} informs
us that he has had 80 much trouble and expense
on this account that he has resolved henceforth
to never take bale of cotton as freight that Is
not provided with side piece. unless express
stipulation is made that he Is not to be held
Liable for any damage in the transmission Of the
same 1t strikes US that planters who have to
ship their cotton to market by steamboat would
subserve their interests by putting side pieces
on their bales to prevent them from injury and
present them to the buyer in the best mer-
chantable order
Last week fifty eight vessels sailed from New
York for Europe with g7S064 bushels OF wheat
This does not look as If we could MOI compete
successfully for gold the EarG;pean s markets. aa r
mote as to be inaccessible.
The striking cigar makers of New York have
accomplished Just what any ons might have an
ticipated. Dealer have become tir7d OF waiting
there, and have made their purchases else
where. and the prospect Ia that by the time the
strikers ore. ready to return to work. there will
be no work for them to return TO. This Is q bad
year for strikes Of every kind.
The salt Fish Market.
The trade In salt fish in this city and the
United States generally. has fallen off greatly
this year in comparison with that Of former
years. The catch Of what Is called, on the coast
OF New England. the home fleet" has been ro
markaby small. and hundreds OF vessels have
returned to port without cargoes. The scarcity
of Ash on the grounds freuuented by United
States fishermen. and the poor returns made
have induced Canadians engaged in the bust
ness. who have met with greater success to
send their supplies. formerly sent elsewhere,
to Boston. We're 1t not for this fact the markets
OF this country would be we'll nigh denuded of
salt fish. Notwithstanding this. the market is
very poorly supplied. and prices are necessarily
higher than usual in former years.
A suicides Life Insurance,
Our readers have recently read the account Of
the sad and unaecountable death. by bis own
hands. Of Mr.. Coolbaugh. the president Of q very
large banking institution of Chicago. No rea-
son has been assigned for this rash act. his nc
counts with the bank being strictly correct in
says: I'm the matter of Mr.. W. +. Coolbaugh's
life insurance. which Chicago kilograms re-
ported as including policy of s25 900 In the Mu-
tual Life, Of New York. and $4,000 in the Eauit-
able Life Of this city the secretary Of the former
company says 1t Is true that Mr.. Coolbaugh had
policy OF $4,000 In their company. on which
the premiums were paid to date. but that the
policy had clause in 1t to the effect that in case
OF suicide the premiums paid only would be re-
turned. In this case tho premiums pm d would
amount to something over $4,000"
Apropos case was finished a few days ago In
Philadelphia. the result of which is highly i'm
portant In its application to insurance COM
panies and their power to withhold payment of
life policies when the insured has committed
suicide Valentine Schnell was member of the
Northern Liberty Mutual Life and Loan Insur-
ance Association of that city which was conduct
ed on plan somewhat similar to building So
cieties, and In which he held ten shares of stock
BY the laws of the association. upon the death Of
q member 5000 for each share of stock held
by that member was to be paid to his represen-
tatives schnell committed suicide by hanging.
His executors demanded the amount due upon
his stock and the association refused to pay 1t.
Suit at law was begun by the former. and their
lawyer contended that, as the policy did not
contain the usual suicide clause" the associa-
Schnell stock. The Judge instructed the jury
that the policy was good If the society based its
refusal to pay solely upon the grounds Of Mr..
S,hnells suicide. The Jury rendered n verdict
In favor Of the executors for S2.474 AZ. the full
amount Of the claim, with interest.
white River tArk) Cotton.
[St. Louis Times. Doth inst.1
White river, Arkansas. Is now navigable to
Forsythe. Taney county, Mo-. and small boats
Of the crossing of the st. Louis. Iron Mountain
and Southern Railroad At this point large
Of eS %Pd 9 pg tor "1s
no means of getting produce to market except
by wagon. The Batesville Guard gives an &c,
named the Winnie. Capt. Smith. which is well
fitted up for PASSENGERS and treight Drawing
t5 ny co of
than 800 miles from Forsythe. Mo, to Ma
poleon Ct the mouh Of, Of TIE Arkansas river
fifteen miles from the Mississippi. thus giving
shippers the option Of sending their eotton to
phis and Little Rock road crosses the White: or
70 New Orleans. by all river carriage, In add
ton q the st. Louis Md rp hs b"ns the
and above Newport There are several other
them the Alberta (Which carried out 100 bales Of
cotton on recent c trip, the Ruth Arch I.
newspapers Of that region. and it is destined to
be a wealthy portion of Arkansas, to which in
the absence OF railroads. these little steamers
are furnishing valuable marketing facilities.
The Fall Grain Movement.
There has been great deal said of the large
crops Of wheat harvested last summer and of
the heavy grain movement which has follow
cd. Most comparisons, however. have been
made with the movement of last year only
which suffces to show how much better bust
ness is this year than last; but does not much
help to prove whether this years business Is
back several years. Hitherto the great grain
year has been that following the harvest of
1873, which we have often referred to as hay
Ing saved this country. and especially the
railroads, from an enormous aggravation of
the financial calamities of that year which rs