The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-09-04

NJ HEAVY EAILuRi IN PHILADELpHTA,-Tbe ttabtl-
tiles of Mr.. Nathan Hiles, president OF the
board of trustees of the Philadelphia Gas
Works. late president Of the Second National
Bank Of that city and the head OF many bust
ness institutione are estlm IT 81 sao9 ooo and
Hses e III Il, i sSa h h ss e
which became financially involved some time
uuarier of his losses. The Times says several
very bad cases Of q, financial Encouragement on
the part Of Mr.. Hilles have been developed
Z REMARKABLE INCREASE IN THE COMMERCE. OF
\ NEUTRALITY-SUSPICIOUS. | ID considered In the
grain trade the date for commencing. the statis-
I'D about that time. The statistics of the wheat
nd corn exports from baltimore In the twelve
'onths ended with to-day. compared with the
increase elk fold. and though In corn there was
falling off, the aggregate gives nearly TO- 600
hushela increase. The figures. are as follows
wheat 10 2s, 7e4 bushels corn. 1929 4s bushels
total 80, l5e,242 bushels. From September J..
corn 90 T97 COB bushels; total 22,B3l.T0S
bushels Increase, ,e.9le4T bushels. The fall :,
interest int In the shipment Of wheat. which now
commands tho attention. of nearly the whole
trade. The present month OF August the wheat
exports have been phenominally large from
baltimore reaching 4 49,. 1877 bushels, or more
than twice a. great as for the whole twelve
%ophs Of s osse e srrve "a a s
4 for cargoea. while this month ISL. have come up
/ to port The foreign exports this month are
| Of last year. The exports Of petroleum. tobae-
co, cotton; canned goods. lard. talloy, bacon
and tne other domest te products Oil shoW m a.
1878 will undoubtedly give totals much In ex-
cess OF any similar period In the history of the
port.
:, The amount OF paper currency In the United
n nj n
!. banks held at the same time s6ooooooO OF. coin,
I and there was perhaps s5o,ooo,ooooo more in the
$sl2 1000 900, consisting Of $2O2oooooo Of bank
notes and s1lo 600 Of gold and silver. This
4 was about % y per capita Of population. No,
body who had anything to sell complained Of
cash with which to buy, and to i loan ali mon
sufioieney Of the currency vas never doubted
| Or denied. rs 1t was universally admitted to be
equal to the wants of trade" The country Is
aid to be suffering fearfulIy at the present time
v Or lack OF money to transact business. This Is
Try curious. seeing that there Is three times as
uoh as in 1861. when no one complained of q
! arcty of circulating medium. Let us com
10 thetwo periods:
5i-$2o2 900, 900 In bank notes-popu-
s"ss7o GOO, 900 bank and greenback 'N'''''''
Coin In bank and circulation. .s11o 900, 900
St-Coln in bank and circulation. 900
ank notes per capita in 1861. Sc SO coin. 90 a.
i money per head 50 a. Greenbacks and
INK notes per capita in 1873 s15: coin. 10 SO
tai SIT 60. In this reckoning we have given
61 credit for $50 100000 Of coin held as bank re-
serves, but have not given 1878 credit for a cent
the s209 900 900 of gold and sill yer now In the
reasury. $3.50. 1000; 600 Of which belongs to the
,oses. On and after January i. 1879. there will
@, including the new coinage, s67oooooo0 of
,aper currency. sl5oooo 900 OF gold and silver
DR. redemption purposes, $50 600 Of private
pin deposited with an equal amount Of certih-
ties issued to the owners and used as money
a $40 600 ono Of gold and silver coins IN pircU-
Zion in the hands of the people or held by
q, ks as reserves liberating greenbaoks, and
Of 1t par money. Aud yet we have reckless
4agogues going about the country telling
ople that the country Is dying Of monetary
.sirst. and all business is pershing for want Of
enough money to transact businessW