The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-05

bore evldance 81 the excellent care taken Of

The mower room was also visited. the gear
ries. being when In operation. driven by a large
engine In this room, and here the same neatnesss
was observed and the same care had evidently
been taken Of the ma hinery
While In this room Mr.. Bunzano called the at
tention Of the DEMOCRAT representative to the
HUGE PILE OF COAL
In the yard adjoining, which he said he con-
sidered as stock ON hand and sufficient to last
fnauring then Of him tho names of come of
The firms who were the agents OF the Mexican
mines and firms prior to the war;, our repre-
sentative bowed himself out, Mr.. Bonzano re-
marking that the people seemed to take but
ment 81 The mint. when really |! was one q the
most important adjuncts to the trade OF the
city. .,u. 49,. .,,, .,au !. ~
Arm of g. j. Forstall's Sons. where II was
learned that the firm alone did business be-
fore the war of upwards OF
TWO MILLION DOLLARS A YEAR
In bullion and Mexican dollars, which were
sent here for coinage, and In return therefor
large amo lnts Of produce q every descrl ption
were cent to the republic, One shipment alo 10 g
900, a, d we W ud get both eoin-the Mexican
dollars -ana bullion by every steamer; .,,oo,
1iss es gsssySbsr 4sp ts' 'sss 1t and
would were the mn .ba re- al that bvor
goes nov, to Europe. Gould that be brought
back here2
now. conditioned upon the starting Of the mi 4
and from the very parties who are shipping di.
rect T.. Europe from Mexico;
city now furnish produce to Mexico that was
SUPPLIED bat e p s as s from the Mexican
ports to N W York is so much greater that time
is saved by dealing directly with New Orleans.
.Q.-And you think the recovery of that trade
depends upon the re.estahishment OF the
Ayes sir; that is what will do It. and then,
instead OF sending bullion to Europe.
II WILL ALL COME HERE
The next visit was to the Office Of Mr. Fred
eriek Camer1en, as st. Louis street, where Mr.
aaastions pepoHnded Mr. damer rsl sta 81 ed
that prior TO, the wal, the receipts of bullion
amounted to half million sometimes by each
steati shit, and that 1t even came ach ooners;
but ow the import was confined exclusively 10
the steam, hips, and that an Item of 10000 Next
Mencans ehIp eonsIderebe Of Ht their ind dollars
now to New YORK, continued Mr.. Camerden.
but were the mint started 1t would all
materially, and would double our expor trade
with Mexico, They would serd their bullion
and dollars here. and In return we would
and might. control the whole of that trade, but
1t oil depends upon whether or not
THE MINT is RE ESTABLISHED.
The next visit was to the house Of Townsend
" ~, II.
man. the junior of the arm. informed our rep
resentatiye, In reply to the various questions
q II eyS'stinussd Nj; Iymas, soss 70 New York
place. perhaps after being assayed here-and
must necessarily be expressed. that eptsiling a
cost OF 81 per $1,000 on nil sums over $40 600 and
"a per $1,000 on all sums under $4,000: then
there is another com mission for brokerage;
and the case would be the same were i sent to
In former times, auered The reporter what
were about the average receipts here2
FROM s7s,OCo TO slbo,ooo
Mexican dollars day. should think. and now
$4,000 . month is big husineas, W - the reply.
commission house Of b. Fatio 4 O., 50 Tehoupe
itoulas street, which firm does a Mexican bust
members Of the Arm stated that Formerly large
amoun,s Of bullion and Mexican dolla were
shipped to them from Mexico. In exchange for
which they sent back cotton and various pro- |
and the only thing they. gould send here to
here now, it was subject to two or three broker
ages, as 1t had 70 go to New York but were the
mint re resi,esabshed i would Ybyia that. and
Messrs. Pug. Corral & Co.,. No. 81 Custom
house street. we're waited upon. that firm being
Referring to the books. Mr. Pulg showed six
consignments OF Mexican dollars
ny THE LAST STEAMER.
amounting to $4,000 In all, when In former
years. when the mint was Ia operation, each
e aa called s aa hs G ws
recovered. AS It was now they sent coffee here,
sold 1t, and bought exchange on New York
which cost them a: but were. the mint started
the bullion and the tilyer dollars would come,
and the goods needed would be bought here fort
Mr.. M. Payro was called upon next, he having
Raft |
the war. he said. the Mexican dollars realized a
profit of 81 per cent and they we're received
back goods in return. Some got 800 900 by
each steamer aud sent back cotton. and other
but noT eoe comes the pdrchs
II sent to the Mexican ports. The silver bill
had hardly bsen thoroughly digested in Mexico
and silver hsse went 'Ae g Gurope
AND TO OTHER PORTS
would come. here. This port had the ad-
seaaently the mining mi " companies i and firms
could get returns from their consignments in
from one to two weeks quicker time than from
their European consignments. Add to that the
ad q commission Insurance freight ETC.
It + to aer
of bullion now xeee dill ect to London.
4. Another advantage In the re establishment Of
the fact that our government could buy all
the bullion 1t wanted in this market without
going to London, as 1t has done recently, TO buy
the very bullion that is exported frsm Mexico
Then the government would save the freight
both wa, g, as well as insurance and the com
mission, and by buying 1t here am positive
that the government would get 1t
TWO AND HALF PER CENT CHEAPER I
than was. paid for the last lot and it would be
that at much , cheaper c I here all the time
settled CONDITION, the mines would be in full
operation again in very little while, and IL The
mint we're in operation he had no ooubt but that
there would be 500 900 on every steamer that
came here. and then they would be laden with
every kind OF produce. purchased here. in going
back.
That there would be profit to the Mexicans
he did not doubt. az the Mexican dollar con-
tanned 42f grains. while the American dollar
but 419a. which would bring the Mex
lean dollar u par with currency and the
DOUBLE PROFIT WOULD DE FELT