davidaulloa/AmericanStories huggingface dataset:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09

In regard to the railway foreclosures for that
year. According to the statement OF this Jour-
nal. there have been eighty-four roads-con-
atitutinp one-tenth of the mileage of the coun-
try-wound up during the past two years; and
that there are large number doomed to fore
closure. but not yet involved in general ruin.
The Age says. by way OF Introductory:
During the year Just closed the process of
winding up and reorganizing railway corpora
lions has gone on in the United States with even
greater rapidity than In the previous year.
whose record. as reported in these columns, gave
losses OF railway investors. While the year 1877
has given. as was hoped, many encouraging
evidences of the approach Of better times, and
the net earnings OF most OF our roads nave
shown q considerable Improvement. g. Ill it was
inevitable and expected that many more inflated
enterprses would COLLAPSE, under the aoag
values based on the standards Of the era OF
speculation and unlimited paper money. 1t was
amount OF the bankruptcies Of 1877 would at
least not exceed those for 1876 but this hope, 1t
will be seen, has been disappointed.
Here follows table OF the railways under
foreclosure during the year. The result is thus
summed up:
st1s 9ss 7oo capital stock s79o45 7oo total bonds.
debt and stock Capital nvested). s19s .9s4 400.
This ,is q truly appalling record of loss as. It
rule mean the absolute 'wiping out" of the
capital stock. and often Of all mortgage liens
except the first. though the purchasers under
the foreclosng mortgage sometimes pay
the floating indebte dness. that and their
mortgage and accrued interest represn nting
The cost OF the property to the purchasers, and
therefore It's approximate value after the
shrinkage has been completed.
The Age also gives q list Of railroads against
which foreclosure proceedings have been COM
menced, generally accompanied by their trans
fer into the hands OF receivers during the year
In this respect 1877 makes painful record OF
surrender after long struggling. just as the era
of better things is dawning.
Summarizing from the tables presented by
the Age. we have the following approximately
correct comparative statement of the result oil
the wiping-out process during the last two
years:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
Capital invested.
1877
1876,
Sold under foreclo-
sure ............. e
Proceedings COM
menced or sales
ordered ...........

Eighty -four roads with completed mileage
of 1921 miles. or one-tenth OF the entire railway
system of the United States. and representing
an apparent investment Of $500 o0o GOO, also
about.o tenth of the total railway capita of
down. to p.rbaps some hing ike 80 DER cent Of
their original valuation. The figures for pro-
ceedngs commenced. etc, are only given for
the purpose of comparing the two years. as a
number Of the roads reported for 1876 under
this head have during 1877 moved on to sale.
But during the past year. as we have shown in q
table above proceedings have been commenced
against forty four roads with mileage of over
$500 miles, and 1t is safe to estimate that as re-
suit of the two years work at least 100 roads are
soon to be sold. with an aggregate mileage OF
some 900 miles and representing something
like $500 900 600. This fearful array does not bv
any means include all the roads already doomed
to foreclosure. but still when these have passed
through the ordeal. and. like their predeces-
sors, started anew on the basis of real values.
the awful era of foreclosures, it is safe to say.
will be practically over and capital. even
though invested In railways. will again receive
some return,
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09

BILE. coming up, 400 yards from the Missouri
shore. whistled one whistle when the Ste.
qenevieve was seen. The latter did not answer.
At the proper interval we whistfed again. and
the Ste. Genevieve answered. Soon after
the latter blew two whistles. We stopped and
began backing. Then occurred the collision.
bow"
Capt. MePheeters. of the Ste Genevieve, says
his pilots evidence is to the following effect:
shore below Vaneils. She blew two whistles for
the larboard Or shore side and the Ste. Gene
We've answered her, and the Jaeger replied
again, but pulled out In the river from the
shore and tried to take the starboard side, In
doing which she ran into our starboard wheel.
Inc Yaeger then continued on up the river.
&Innnr L - -. - - -
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
CANCELLATION OF BOND.
STATE OF LOUISIANA,
Executive Department.

STATE OF LOUISIANA, |
Executive Department.
Whereas. EMILE d. WEBER. widow of the
late ID. A. Weber. and administrators OF his
succession. has applied to me for the cancella-
ton OF abond drawn and signed by the said d,
A, Weber. as principal. and Herman Meyer.
Emily Weber. Andrew Syabo, Simon We'll and
John +. Irvine. as securities. dated the 18th day
of March. 1876. and conditioned for the faithful
performance Of the duties of said D. A. Weber
as Tax Collector of the parish of West Fell
ciana.
Now, therefore, +. FRANCIS T. NICHOLS,
Governor of the State OF Louisiana, have
thought proper to issue this my proclamation.
with the view Of giving public notice to all per-
sons therein interested. to show cause. In writ
Ing, at the Office of the Secretary of State in
the city Of New Orleans. within ninety days
from and after the last publication hereof, why
said bond should not be cancelled and an
nulled, and the securities above named dis
charged from any further liabilities In the
premises.
Witness my signature and the seal Of the
State OF Louisiana. at the city OF New Orleans
this second day OF January. in the year Of our
Lord one thousand eight hundred and seventy
eight, and the one hundred and second year of
the independence OF the United States OF Amer
lea.
FRANCIS T. NICHOLS.
By the Governor:
WILL. A. STRONG Secretary of State. jas 3ot
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
Elections.

On yesterday. though the glorious Eighth Of
January. there we're elections OF officers of two
prominent public institutions.
The following directors were elected by the
stockholders of the New Orleans National Bank
Jesse X. Bell Sigmund Katz
Charles Peasants, Samuel Delgado.
Hu. Kennedy. George Martin,
d. U. McCan, j. p Garvey,
Charles Chaffe, John H. Hanna.
Charles III. Heck, Albert Baldwin.
The New Orleans Gaslight Company also
held an election. The following ticket. which
embraces the directors who have served on the
board for several years past, was elected with
out opposition:
James Jackson. Charles Macready,
=. Biscoe,,,, J v. Burbridge.
Ii. I. Attrill,, d. +. Kenner,
s. a. Kennedy.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
Yield Of Gold and silver for the Past
Year.

Wells, Fargo & Co.'s statement OF the produce
ton Of the precious, metals In the States and
ing British Colur bia and the west coast Of
Mexico, during 1877, shows an aggregate yield
of sos 100000 being an excess of $1,000 600 over
forna gives SIS $4,000 Of gold and 81 $50 900 sill
YER. Nevada 100000 gold and s44 1870, 900 silver
is about As per cent gold. California, also. gives
81 100000 base bullion: and Nevada Sc. $50 900 of
the same, which contains about 28 per cent
gold Arizona gives for the year 81, 800 600. OF
which 1923 900 is gold. and 100000 in silver bull
lion. and the balance ores and base bullion.
The exports of silver from San Francisco to
mately at $19.OOO0o0.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
The Exports OF Dry Goods.

The exports of domestic cotton goods from
New York last year amounted to 4507 pack
ages. against 4456 In 1876 The export was $50
per cent larger than in 1875. and about 400 per
cent larger than in 1874. More than half the
goods exported were destined to China and
South American nations, China getting about
one-third Of the total.
OF the whole shipments of foreign goods the
exports to China were more than twice as large
las in 1876. The export to Great Britain was
next in magnitude. though but little more than
10 per cent of the export OF 1876.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
The Wine Crop OF France.
twine and Fruit Reporter lamar,

" Z,I
The wine district OF Bordeaux is the richest
and most varied in Europe In fine and ordinary
wiAes. No country In the world can show such
a nnso sa6 81 al qualities and prices from the
entity quoted at $780, 400. 49, $780, $50, 6OO $50 and
700 francs per cask, according to the year and
Pomerol and the great classified Wines of Medoc
which sell for 1900 20oo 30Oo 4ooO $780, 6oOO 1000
and 5000 francs.
The district Is equally we'll favored for white
wines. without speaking Of the premier Sau-
ternes. the great growth. Chateau Yquem. it is
impossible to imagine the degree Of perfection
TO which the wines of Bommes, Fargues and
Barsae can attain. In every respect they are
irreproachable and unreproachable. They are
On TINS account sold under the generic name of
Sauternes-the locality which possesses the
greater portion Of these growths. The inter-
mediary wines, that is, those whose prices
above those of inferior qualities are mosiIv
sought after by the middle class. 70
u these wines belong those of Fronsao Bourg,
Saint Emilion and Pomerol. I hey oecunv the
middle ground and serve as link between the
extra 81 me ana haa Wines which equva
ordinary wines. The trade sells wines under
different names which are combination Of the
wh1.e NV wines OF Entire 1eux. Mert or Gagonnais
rae or Cahors. 10 which q small quantity Of
wines from other .s dist lets have been added
Inc wines which go under the name of From
sac are not the exclusive product of the com.
mune OF that name, but all wines of the canton
Dear the name on the seal. Although the wines
from the neighboring dis riots do not possess
the same degree Of excellence. they are drunk
without any detection of ill-founded claims.
The same thing happens with the Medoc wines.
the paysans are often sold for b ,urgeois. and
these latter for fourth and third groWths, and
so with the others.
The cheapest wines are found in the COM
munes OF the cantons Of Guitres, ,Branne.
Sainte-Foy Courtras. Saint Macaire, etc. The
Guitres wines have sometimes slight taste of
haze haze Al fine color, The wines in Branne are
characterize the wines of Saint Macaire and a
great number OF other localities in the depart
ment The Lower Medoc wines are also not
dear. relatively speaking ' A1o'
Ii the crop Of 1877 has been satisfactory in re-
spect to quantity, it has not been so with regard
to quality; The Wines are generally green and
but rare ones. Cold and successive rackings
will decrease this greenness or do away with 1t
entirely. If the quality of ls77's had not been
deficient. there would undoubtedly have been a
decline in prices. despite the rayages Of the
phylloxera and the temperance of the oidium.
On the contrary, however. prices have gone up.
owing to the trade not being able to use the new
wine.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
THE NEW ORLEANS DEMOCRAT WEDNESDAY, JANUARY o. 1878

bushe1 Table salt In pockets 1x@7Kc each. as
In size.
POULTRY-Old chickens 1904 75 young
1902 80; ducks %; geese 1907: turkeys s14@16
y dozen.
EGGS-Western 10000: Louisiana --@-c "a
dozen.
RICE-Is In moderate supply. No. q M@sz.c.
common 4h@4Ae, ordinary 5@D5t4e, fair h55 05L'
good 5A@5Ie. prime cooke. choice exc % ID.
BULK CORN None Offering, and the market
Is nominaliy 5511e v bushel.
WHEAT--None here, and nominally at 81 500
35 v bushel for winter. and 81 2O01 as for
spring.
ESCULENTS-Potatoe are selling at 81 400
p: onions at % 25@2 y: apples ut 50 5000 80 p
Dbl cabbages at $608 y 100. and 81 1902 U crate
BAGGINd-steady ut t11ac In round lots /; re-
failing at 12012hc. Baling twine at 13kc in
round lots retailing ct lac.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
SEALED PROPOSALS.


OFFICE BOARD OF SCHOOL DIRECTORS,
City of New Orleans,
80 Burgundy street. Jan. l, 1873.
Sealed proposals are invited for furnishing
the Public Schools Of this city with the follow
ing supplies:
100 :. PenhoIders.
IS :. Lead Pencils.
$50 :. Pens.
$50 reams 10 h. Superfne Foolscap Paper.
Is Note Paper.
Is dozen Chalk Erasers.
rs ;. Black Ink Quarts.
80 :. :. Pints.
10000 Scholars Monthly Reports.
so Principals Registers, No. 2.
$50 Teachers Glass Books. No.s.
Is Is Attendance of Teachers. No. !.
30 sets ~ Charts.
10 :. (5) Maps.
500 Scholars Monthly Reports t12 academic
grades).
300 Pointers.
A sample OF each article, according TO pro-
posal, must be left at this office.
Supplies to be delivered as called for.
Payments will be made On the regular month
Proposals will be received at this office until
the 10th inst. at 10 o'clock m.
The Committee reserve the right to reject any
or all bids.
For further information apply at this office.
PIERRE LANAUX,
plies. last
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
MEDICAL NOTICE.

eases. Private Diseases and Female Diseases
has just returned from Europe. Office. 1854 Canal
street, between Baronne and Carondelet streets.
caused BY abuse or age, ALWAYS cured in a
short time Private Diseases treated after new,
sure and quickmethod. Female Diseases treated
with greatest success.
DR., Bilie's reputation as skilled and success
full physician Is already years ago established
In New Orleans and vicinity. and he has cured
hundreds of cases here which other physicians
had failed to benefit. which is well known to the
public. DR.. Billie is a graduate from one Of the
best colleges in Europe. and was for years as
sistant physician to Prof .Ricord, Paris. Con-
situations and correspondence strictly conf
Dental Charges moderate. 154 Canal street.
DR. W, BILLIE 154 Canal street. dec tt
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
The wheat Crop Of 1877.

The Department OF Agriculture has added
35.000,00o to It's former estimate of 1876 600. 600
bushels making its final estimate 800 600 900.
This Is largely in excess of any crop ever har-
vested on this continent
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09

York spots were dull and futures 5'to 8 points
higher. As d consequences the market here was
but at the close q decline Of &c being estab-
lished, the market became quiet. Sales, $3.50
bales.
The official closing quotations Of the Cotton
Exchange were as follows:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
Commercial snd Financial Matters.
The jackson Railroad trains yesterday
brought In 1888 bales Of cotton.

The steamship Jamaican cleared yesterday
for Liverpool with 22ooO bushels Of corn In bulk,
900 sacks of wheat, in addition to $500 bales OF
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09

The steamship Mississippi arrived here yes
terday from Liverpool. via Havana. bringing
from the last named port 400 hogsheads and 1000
bags of sugar to Agar q Delong.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
FINANCIAL AND COMMERCIAL
OFFICE NEW ORLEANS DEMOCRAT,
Tuesday Evening. Jan. 8. 1878.
NEW ORLEANS CLEARING HOUSE.
Total thus far ......... 81 ,Os7, 73s 10

Total thus far " 087, 138 10 $316.357 SO
To-day being legal holiday all OF the banks
public buildings and Exchanges were closed
and there was nothing of importance done in
the way Of finance.
Exceptional commercial paper 900 v cent !;
Al do 12@15: second grade do %: loans on
collaterals 9D12: Al mortgage paper 9O1o i;
second grade do % q cent per annum.
Gold easier.
Foreign Exchange quiet and lower.
sight steady.
State Consols are slightly steader at 8o@soh
Premium Bonds are higher at the close. be-
ing quoted at 33t4@331a.
Stocks quiet.
Gold opened in New York at 1929 and closed
at 1929. Here 1t opened at 1o29s@lo2H and closed
at 02s@102H.
.sTERLl NG-Bank closed at -@493; CONNER
cial bills 48813 D4891s.
FRANCS-Bauk francs -: commercial 515%
SIGHT-Bank sight 5-16. and commercial
7-16 y cent discount.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
CANCELLATION OF BOND.

STATE OF LOUISIANA,
Executive Department.
Whereas, GEORGE W. DUPRE. of the city Of
New Orleans. has applied to me for the cancel
lation of bond of ten thousand dollars, sub
seribed by George w. Dupre Il Co. as principals,
with John A. Walsh and P. o. Fazende. also of
said city, each for the sum of five thousand dol
lars rs securities dated March %. 1877, and con-
ditioned for the faithful performance of the
duties of said George W. Dupre & Co. as State
Printer. under act No. 40 OF the regular session OF
1877, In pursuance OF q contract executed before
W. J. Castell. notary public. In the city Of New
Orleans. bearing date the twenty eighth day Of
March, 1877.
Now. therefore, l. FRANCIS T. NICHOLS,
Governor of the State of Louisiana. have
thought proper to issue this, my proclamation.
In order to give notice to all persons therein
interested to show cause, in writing. at the
Office of the Secretary OF State, In the city Of
New Orleans. within ninety days from and
after the last publication hereof. why the said
bond should not be cancelled and annulled. and
the securities above named discharged from
any further liabilities in the premises.
Witness my signature and the seal OF the State
OF Louisiana, at the city OF New Orleans. this
seventh day OF December. in the year of our
Lord one thousand eight hundred and seventy
seven, -1 .
Governor of the State OF Louisiana.
By the Governor:
WILL A. STRONG,
Secretary OF state. dee BOO
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09

Savannah's public debt has been compro-
missed, and the new bonds will bear per cent
interest for the first ten. per cent for the
second ten years. and 6 per cent thereafter In
liquidation OF accruing interest until the opera
tions of a sinking fund shall extinguish the
r,rfn inn.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09


las dozen Brooms.
80 :. Buckets.
70 .. Scrub Brushes.
Is :. Stove Brushes.
Is =. Hair Dust Brushes.
30 :. Coal Scuttles.
"a :. Fire Shoyels.
IL - Pokers.
:. D. Fl. Shovels.
6 :. Handled Axes
3 :. 7-foot Step Ladders.
as :. Japanned Dust Pans.
10 = Door Mats Tor Rugs.)
10 gross Stove Polish.
60 boxes Soap.
is :. Concentrated Lye.
A sample of each article. according to pro-
posal must be LETT at this office.
Supplies to be delivered as called for.
Payments will be made on the regular month
Proposals will be received at this Office until
the 10th inst, at IL o'clock m.
The Committee reserve the right to reject any
or all bids.
For further information apply at this office.
PIERRE LANAUX,
Chairman Committee On Purchases and Sup
plies ja3 It
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
Wrecked Railroads,

The Railway Age. In reviewing the railroad
business Of 1877, presents some startling facts
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09
ssTHROW PHYSIC TO THE Dogs
DIR. HALLS
Electric Belts.

For the cure of all nervous diseases, without
the least arrangement Of the patients habits or
daily occupation. This appliance exerts power
full and beneficial influence throughout the
whole frame; Is APPLICABLE TO EITHER
SEX, and affords INSTANTANEOUS relief In the
following Diseases:
RHEUMATISM,
NEURALGIA.
DYSPEPSIA.
LUMBAGO.
GENERAL DEBILITY.
HEADACHES.
DIZZINESS,
IMPoTENCY.
sPERMATORRHEA.
SEXUAL EXHAUSTION.
SELF ABUSE.
PREMATURE DECAY. Etc.
These Belts are the result of the most pro-
found research and experiment. In electro
on ana I1a
rated. which permeates the whole frame, and
especially envelopes the suffering parts with its
closer to the nervous fluid tn any thing
known to medical science-hence its potency a.
Most especially is the application Of eectrici-
ty in this form beneficial to those disorders
| arising from youthful indiscretion, sexual ex-
provocative powers are lessened and impotency
threatened No false delicaey or sense OF shame
should prevent the sufferer subject to restless
nights, nightmare. dreams, palpitation of the
symptoms Of nervous and physical debility. APP
These Belts are light perfectly flexible. and
easily adjusted, all of which. together with their
sheaon9 e renders then supfEioF to any other
5o.i47 Of these belts were sold in Europe in
the year 1876.
"ELECTRICITY Is LIFE.
Treatment q InaDTENoE and loss 81 nervous
This Belt Is recommended by the most emf
| nent psychologists of this country and Europe.
Ingenious, wonderful death blow to the
old system OF drugging. (Eng) Lam
You have perfected great blessing on suf-
| fering humanity."-Dr. Richardson. London.
| Eng.
Wonderful for the restoration of exhausted
vitality. DIR. Terrier. London. Eng.
e. cheerfully recommend DIR. Halls Electric
| Belt. and consider It one OF the greatest bless
| ings TO- mankind that has been put before the
| public, DIR. De Barr Paris.
Price of Electric Belt ..............-.......@ 80
Price of Electric Belt, Extra Power. =. 10
Full instructions with each Belt, when you
order.
| When ordering, send exact measurement
| round the waist.
Send money by Postof1ce money order ex-
| press or registered letter.
ADVICE GRATIS.
Address all orders to
DR. JAMES HALL Il CO.,
GENERAL AGENTS FOR UNITED STATES.
21e West Thirtieth street. New York.
p. o. Box $500.
State in what paper you saw this advertise
ment. de29 i'm
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09

The report OF the Augusta. Ca. Cotton Fac
tory, made to the stockholders on the a1st ult..
shows the sales of goods for the year to have
been $43e,71o: average number OF hands en-
ployed ss4 average wages paid ss1 .216; yards OF
manufactured goods 72e3,94s. The president.
In his report says that from the 10th OF June to
the 18th OF December, inclusive after the pay
mieut OF repairs, taxes water. rent interest. in
surance, all expenses. and the two quarterly
dividends Of two per cent each. there has been
ladded to the surplus or profit and loss &C
count, s9447 ii. OF the $4,000 of bonds maturing
LIST November last $4,000 has been presented and
paid. These facts are instructive. They show
that there is profit in manufacturing cotton
where 1t is grown.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-09

The New York Economist states that five
heavy dry goods jobbing houses have gone out
OF business In Boston during the past year, and
eight In New York. The number of jobbing
dry goods houses in Boston is reported rs less
than 1t was thirty years ago. The same journal
states that the trade of Boston and New York
has suffered within the past few years by the
establishment OF heavy iobbinR houses in
Chicago.
According to New York advices. The Public. in
its review OF the bank exchanges in seventeen
OF the principal cities of the country for 1877
shows that the aggregate improvement over
1876 was 4-1o per cent. The war In Europe and
the assurances of large crops in America, says
the same paper, created last year an ex-
ceedingly hopeful feeling. Unhappily, antici-
pHtions far beyond reason were INDUCED in.
Crazy Spectators frequently crowded and
clogged the channels which should have been
kept open to legitimate business, and 1t was
soon found that prices had been pushed SO high
as to defeat the purposes Of the operators en-
gagged In grain, produce and stocks. While this
country was holding grain for fancy prices,
Great Britain largely supplied its needs from
other sources. In addition to this, the money
market was often overloaded by gigantic spec
ulattons. and the utmost caution was necessary
to prevent disastrous crash. the resources
required for legitimate industry being sadly
cramped. To add to this, The Public states,
came the meeting of Congress- and the danger
OF legislation. which. in fact. still causes great
uneasiness. Under these circumstances, it is
gratifying to find 1877 showing a larger volume
OF business than 1876.