The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-20

The United States courts do a thriving bust
ness In Georgia. For the four years ending
July, 1877 the United States District and Circuit
Courts In this Stale rendered judgments
amounting to nearly six millions of dollars
more than half as much as the judgments OBJ
tanned In all the State courts.
The project of ship canal from Lake su-
perior to the Mississippi river. via the head
waters Of the at. Croix. will be again revived.
with Mr.. Corcoran, the well known Was hngton
banker. as one Of the leading advocates. Mr..
fCorcoran Ia said to be largely interested in Su-
perior City. at the head Of the lake.
A very important life Insurance bill Is before
the Canadian Parliament. It's principal fea-
ture Ia that OF making policies non. forfetabe
after seven yearly pay ments. After seven years
the companies are not to be permitted to con-
test them on the ground Of misstatements as to
age or health or in case of suicide if the policy
has been assigned.
The steamboat Sam Roberts with barges.
arrived here yesterday from Evansville with
ao.Oso bushels Of corn In bulk. 2s.l11 sacks Of
corn. 1s47 barrels of -four 1864 bales of hay. G.
The bulk grain, we understand. is now being
transferred to steamer for shipment abroad
This is expeditions forwarding, aud we request
The net result Of the importations and expor-
tations OF gold by this country is usually an ex-
port Of $55, 900 600 q year. Latterly, however
specie has been accommodating in the United
States with the effect of reducing the net exports
for seven months to the very low figure Of
4t.sOO,0o0. For the same period Of the preceding
fiscal year the imports exceeded the exports by
s5,sU0,0Oo.
The total receipts of coffee in the United
States for 1877 were 81 214 43s pounds. The con-
sumption during the same period was 3O4 ,43O, Jas
pounds, against 500 219 in 1876 being 1899 226
gain LII 1877. In 1861 the consumption was 1884,
225.700 pounds; in 1861. 1877 o45 1856, and in 1871
I 3o6.6os76b pounds. The greatest consumption
In the last twenty-seven years was in 1876, when
the figures reached 307 col ,0ss.
The export tables for January show that the
OutgO OF cut meats has risen to Az 600 600 pounds
against 10 900 pounds for the corresponding
month in 1876; the butter export was 100000
pounds. against 2os 900 in 1876: cheese increased
100000 on the same basis of comparison; lard
went up from 13ooo.o0o pounds to % oeo. 600, and
wheat doubled from 1855. 900 bushels In January
1870, to 31o2,oo2 In January. 1875
Though there are some prophets of evil"
among us who predict worse times in the near
future for our commercial interests, the gen
eral impression among the longest headed of
our merchants is that we have touched bottom,
and will soon show unmistakabe signs of re-
cuperation and regeneration. We would re-
specially advise our friends to stop croaking,
and practice those God given virtues of charity
and forbearance.
We have already announced in our telegraphic
columns that the United States House of Repre-
sentatives has passed the bill extending the
bonded period for fine WHISTLES. The purpose
OF the bill Is to give domestic manufacturers of
distilled spirits the same privilege that is given
to importers Of foreign liquors 1t came out in
debate that the actual cost to the manufacturer
Of whisky that is taxed 90 cents is only Is cents
per gallon. The vote upon the bill was not
drawn by party lines. The bill extends the
bonded period for three years. subject to the
payment Of per cent interest on the tax due on
all whisky hereafter bonded: provided that the
tax paid at the time of withdrawal hail be upon
the same amount that was placed in bond
Whisky now In bond can remain there two
years longer.
According to the special dispatches to the
Western papers, the public excitement in Bos-
ton on the savings bank question is undated
and on the sixteenth inst. the street in front of
the Five Cent Savings Bank was again crowded
from early morning until the hour Of closing
by an anxious and eager throng. Mounted
police were necessary to keep the street suf-
ficiently clear for travel. and squads Of patrol
men kept the sidewalk committee moving
Things were lively inside the bank and not far
from 100000 were paid out on the sixteenth inst
About 900 were paid out on the day previous.
The bank has guarantee fund of $4,000. and
\ rVIi1o Ia ohn1 tn, o,%;x ~
Ing the number of depositors that are raiding
on this bank 1t is we'll to remember that 1t has
720oo depositors nearly double that of any
other savings bank in the State.
w. Thurstone, Esq. Secretary Of the Buffalo
Board Of Trade, has prepared statement rela-
tive to the relations-now and in the future of
the Canadian canal system to that of New York.
This statement is to be presented to the Legis-
lature Of that State to assist In its considera-
ton Of the canal system. He states his belief
that the completion of present enlargement
OF the Welland canal. by which vessels of 1900
tons capacity are permitted to pass. where 600
tons was the limit before, will effect consid-
cradle reduction In the rates for freight
amounting to as much as one-half on the grain
between Chicago and Kingston. This he fesrs
will divert all the grain trade of the lakes to
That route. and away from the State of New
York, unless something is Immediately done to
make tolls and transportation facilities on the
Erie canal equal to what they are via the We'll
land canal.
The london Times OF February 26. in fore
casting the prospects Of the money market.
thinks the usual spring rise cannot be counted
on. The tendency of the Bank of England re-
serve Is downward from about this time in or
binary years; according to the ordinary expe-
rience. money would be a good deal dearer in
the next three months than it is now. But the
usual causes are not acting now in their usual
force. The circumstances that might change
the stagnant condition of the money market are
heavy Withdrawals of gold. political disturb
anees. Or sudden revival OF trade. The Bank
OF England is strong. but the provincial banks
are not Cash Is less plentiful than usual with