The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-09-10

The New York Post considers 1t "a reasonable
calculation that after the mercantile failures
and suspensions to the first instant. when the
bankrupt law expired every branch OF trade
will be sounder and In respect to credits more
Trustworthy than 1t has been for many years"
An important trade item In New York ON
Wednesday was semi annual auction SAFE pv q
leading house OF mems. women's and childrens
underwear comprising 10000 dozen shirts and
drawers The prices obtained ranged from
o. rs to 81 and 90 per dozen for children's goods
% TO SIS per dozen for women's underwear, and
from 90 80 to $40 for mems undershirts and
drawers. these prices being from to Is per cent
DOVER than obtained last year.
The New York papers give accounts Of the
seizure Of the baggage Of several prominent
personages who arrived last week at that port
from Europe In the steamer Russia. The bag
bage of the Hon. Joseph Pulitzer. d well-known
Missouri Democratic politician. was examined.
and the inspector claimed duty Of 500 on SILK
dress belonging to Mrs. Pulitzer which he said
did not bear any marks of having been worn.
MRS. Pulitzer insisted that the dress had been
worn, and that 1t was portion OF her bridal
trousseau The inspector suggested TO Mr.. Pu-
liter that he had better pay the duty under pro-
test and then file O claim for refund, intllna-
Hing that unless he did 30 q special agent on the
dock would probably seize all his trunks. and
thus put him to much annoyance. After re-
peated refusa1s to aeeede to what he denounced
40 AN outrage upon an American oitizen," Mr..
Pulitzer paid the duty under protest. and was
permitted to remove his baggage.
On the fourth Of March, 1877. when Secretary
Sherman entered upon the duties of the Treas
ury Department. the funded debt Of the nation
was officially stated at s1.697 ,s97, Seo. On the
thirty first OF August, 1878. Secretary Sherman
officially states the funded debt ut sis1s 500,
showing an increase Of s120, 73,oo0- Ii is not
pretended that the government has been run In
debt to that extent, or TO any extent, by the ex-
cess of actual expenditures over receipts; but
the peculiar financial policy OF Secretary Sher-
man exhibits such increase Of the funded debt
as his achievement In preparing the country
for resumption. With over Oo,o0o,eoo Of coin
and currency In the vaults Of the Treasury.
practically drawn from the business Of the
country, and only s346.743 256 of greenbacks to
redeem, the problem Of resumption fs very
simple one. He has but to keep ON drawing In
million day by his per cents for six weeks
more. and he will have dollar for dollar of the
issue of greenbacks behind his counter.
The reduction of taxes 10 thing looked for
In all quarters now. It Is inevitable that the
rates of taxation. which mounted high during
the period Of initiation and extravaganza, must
now come down to The proportion Of other re-
ductions--to the reduction in the prices OF
products, In profits. rates of interest labor etc.
In the State of Massachusetts they are giving
earnest attention to this matter. In 1860 the ag-
gregate of the State tax in Massachusetts was
$3.50 600 only, while in 1867 1t had gone up to
81, 100000 but since then has been gradually
csmng down. till this year 1t is put at s1.00O.oe0.
against 81. 100000 last year. Other sources Of
revenue. however. as the corporation tax and
the national bank tax, ETC., carried the aggre-
gate revenue in 1877 up to $5,9s4.7Gs. though 1t
had been over &c. 600 900 and 600 o0o In 1870 and
1871 The State treasury was thus through
many years filed to OVERLOOKING. and the ad-
ministration went on In unheeded and I'M
checked extravaganza. The highest total ex-
penditurs was SO, 1878 1873 In 1870. Last year 1t
was s5 G4a9l1. This last Is deemed much too
great, and, 1t is claimed, should be reduced
from half q million to million without de-
tracing anything from the efficiency Of the
State government.
We are indebted to Mr. Hester. the secretary
of the Cotton Exchange, for a copy of the Crop
Report for August, condensed by the committee
on information and statistics from replies of
correspondents in sections of country allotted
to the New Orleans department by the National
Cotton Exchange. The following is the report:
Louisiana-From 1e parishes i'm this State we
have. % replies, average date August 81. The
weather during the month Is reported by the
majority OF our correspondents to be very un-
favorable for crops, although compared with
ported as fruitng well. but not retaining tts
squares and bollss; Present condition g, q me
exoeptions, and picking became general about
the flfth instant Worms have appeared in
b the exeepon OF o n dama has BEEN
reported. All our correspondents report some
rust with but little damage done. but the injury
from shedding, superinduced by too much rain
has been very great.
Mssissppi-This report is compiled from z
81 August August The weather for The month Of August
2 has on the whole been favorable though no.
quite as much SO as last we 70 plant mas
and bolis az we'll as could be desired. The
present condition is fair. though comparing
Tespo od r W heavy Shedding Pick
Ing has fairly commenced, and though retarded
General By this date. Boil worms have appeared
throughout the State and are doing damage
i s s2 ony se
of the army worms. but 30 far they have dont
mo harm.
ties. Average date August 81. The weather
during the month has been less seasonaoe nht
plant G Is we'll fruited but we have q genera
complaint Of rust and shedding. The presen
condition Of the crop is not so good as last year
every county, and in some sections serious
damage has occurred From most q our our cor ,t9i,
Become general ahoslt tenth instant. Owint
to quarantine regulations we have been unable
to bear from many Of our correspondents
John M Witherspoon. J. M. Frankenbush. r. /
Moore committee ON information and stats
tics.
The st. Louis Evening Post makes the follow
ing sensible remark concerning the quarantine
at that city:
After The Board Of Health has lent the weigh
Of Its official authority to the assurance that 81
Louis had no reason to fear any lnteetl9 -. fro1
the yellow fever 1t Ia hard to understand Its &C
ton In refusing to allow harmless cargoes Q
sugar to be received at this port, and in prevent
ing the return shipments of grain and othe
merchandise. The idea that there Ia any intec
ton in barge cargo is TOO absurd to pc enter en-,
tanned, and instead of aaying apprehension
notion OF the Boa ard nf IIaalt nalcu late