The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-11


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In Chicago there were 1908 foreclosure sales In
f7 1854 In 1876 1856 In 1875 and 1869 in 1874; sa74
trust deeds were registered In 1877 covering
AN ses g7o. aghnst 1885, covering ao4oss72. in
1876. The releases amounted to 1882, against
o051 In 1876
The United States Consul at Bradford Eng
land, says trade In American butter and cheese
Il astounding. the latter being sold as
.Cheshire," while petroleum is necessity.
Trade In other products OF America Is rapidly
increasing.
Out OF 100000 eggs Of the California salmon
received by the superintendents OF the North
Carolina fish hatchery last fall. they have sue
ceeded since the 1st of October In safely hatch
ing 2s3oo0 This is considered an unusually
large proportion
Yesterday there was an advance in State Con-
sols. and they were quoted at the close at slh9
ak, Premium Bonds we're also stronger and
exhibited some activity at 3sk933a. We are glad
10 note this improvement In our principal State
and city securities. and confidently look for
still further appreciation In the near future
with the lights before US VIC cannot but think
that such O result Ia among the probabilities.
*.Aath,n the Was hington correspondent OF the
IJincinpati Commercial says In the course OF
hia latest letter to that journal: "Warmoth said
to me GONE time ago: started railroad to
Texas tits built part OF the way. and hun
fred miles OF 1t are graded. They all assailed
II. as going to ruin them. Now they are howl
ing because 1t wasn't built, Now Orleans Is GO
inQ to decay, and 10000 people there are super
fluons because they cannot get any Texas
trade --
Tho debt OF the city OF Boston Ia over $4s 0Oo,-
900. This Is large sum to owe, but that city
has good deal to show for 1t. Old Boston Isl
glorious old city. and though we OF New Or
q leans may sometimes indulge In little cachi-
nation over the airs Of intellectual superiority
assumed by the inhabitants OF the Athens Of
America, we always hold in most grateful re-
i rnembrance the liberal contributions made by
her citizens, individually and collectively. for
the relief OF our people when suffering from
epidemcs and overfows.
The st. Louis Republican says: "The New
Orleans Clearing House Association have do
clared themselves opposed to making legal
tender at its face value what is only at present
worth In the markets OF tho world 30 to 81 cents
and the Republican heartily Joins them in that
opposition yet warmly fayors the Bland BILL
Nobody has yet proposed to.issue silver dollar
worth only 90 to q1 cents and compel people to
take 1t az dollar. The Bland bill proposes moth
ing Of that kind but provides for the coinage of
standard dollar--a dollar containing 100 cents
tn silver, according to tho valuation Of our
fathers" - I
Messrs. Lewis, Sevin and Cowan the commit
tee appointed by the Board of Aldermen of New
York to examine Tweed. have at last presented
their report They say that in all $50 100000
were stolen by the ring. Of which only ss76 .241
have been recovered clear Of expenses. They
further recommend that proceedings DO Mt once
Instituted against Ingersoll. Garvey, Keyser,
Oakley Hall. Davidson and Hugh Smith. and
that Tweed himself be released from conf1ne-
ment as soon as his transfers OF property to the
city are completed. They also suggest that
means be taken to secure Tweed's testimony.
when required. against his old confederates.
We are glad to learn that the efforts of the
Postoffice Department ut Washington to
shorten the mail communication between the
North and this city are likely to be crowned
with success. 1t Is endeayoring TO perfect ar
arrangements by which the transit OF the great
Northern and Eastern mails will be 30 expe-
dited as to insure their arrival at New Orleans
early In the morning instead of about the mid
die of the day. It strikes US that this most de-
sirable object could be easily attained by very
slight aceeleration OF the speed Of mail trains
ON our Southern roads, which now travel most
unnecessarily and provokingly SLOW
According to the Louisville Co,uie,'-Journal
the proprietors Of Ave banks at Columbus, o.
one regular, legitimate. and four faro banks
have become involved in illegal misunderstand-
ing. or the first named the cashier. the teller.
and one OF the proprietors were all addicted. 1t
seems, to the nightly pursuit Of tiger In his
native wilds. and. az natural result. their
bank for which three tiger hunters wsre Just
then too many went by the board. This disas-
trous tribute to the superior prowess and skill
of the terrific animal was paid some months
ago, and now another proprietor OF the bank
has brought suit against four gambling estab
Iishments to recover 100000. which he claims
to have been sauandered among them by his
partner his cashier and his teller. The moral
of which incident is that. owing to certain
fixed laws of chemical antagonism well known
to the practical scientist, the legitimate banking
business won't mix well with any other sort.
In contemplating the present business situa-
ton many are disposed to take discouraging
view of the subject 1t is true that. for obvious
reasons, trade has not commenced with that
push and activity which we Of the Crescent City
are wont to see and experience at this season
OF the year. But we find this the case all over
the country and therefore,. cannot reasonably
complain or ascribe this unnatural dulness to
local causes exclusively. In fact we think that
we have reasons. plain and palpable.
or INSTRUMENTATION. Throughout the North
East and West there have been failures, innu-
merable OF business houses. banks. insurance
companies and other public institutions. while
New Orleans has been exceptionally free from
as1ch financial troubles. Our merchants have
been pursuing most prudent course for sew
eral years past, and while not makins large for
tunes, have kept their heads above the flood OF
disasters which has engulfed so many OF their
/. sr,ends in other sections. Had 1t not been that
/. ! nrovidential visitation curtailed our sugar
s,rnn there would not be the slightest excuse for
complaint on the part Of the merchants and