The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-27

yesterday for New York with 1858 barrels G
molasses. The steamship New Orleans, TO
New York. has on board 90 hogsheads b
sugar and 2649 barrels of molasses.
M -----------
M State COnsols opened yesterday lrregula
and easy at G9}S0G97s, against G91107O 81
Tuesday. Premium Bonds closed at 251{N
PSI, against 25146o255, ut the previous report
i ffhe sales footed up $4,000 of State Consoil
.Jand $4,000 Of Premium Bonds
i q The exports from Rio de Janero in 1867
Were valued at S24, 266, s95, and the imports
from the United States were valued at S3, $50,
$50. The exports TO England were valued a.
GIT, 725, and the imports from England al
gb17,279 ,695. The total imports at Rio
1amounted to SIG, 979, $780, and the exports tt
$5O,G5O, 4ao.
In accommodating the pile Of gold now stored
In the treasury Of the United States the
|; largest In the world, except that In the Bank
Of Franco, we have imported very little from
abroad We have only accumulated the
t,4products Of our own mints. As long as we
produce gold and silver at the rate OF
/ sto0, 0eo0o0 year, and haze balance of
trade I'LL our favor vt moro thar S2n,n0O.0 900 d
month We taio on the road to prosperity,
The Massachusetts, savings banks betray
he effects Of the hard times. Their aggregate
deposits IN 1877 were sal. l96dt. in 1879 they
are SALT Ms, 7hl-a decrease ~ S27. is0 500. The
humber Of depositors In 1877 was 739.757; in
s7s IL Is $50, 922--a decrease of ~, S35. OF the
a 7s savings banks In tho State eleven are
Inder perpetual restriction and in process Of
.a4,x IL.
oined from the transaction Of business, and
II 5wenty-one are under temporary restrictions
II In our river column Of yesterday the an
klouncemeHt was made that the steamboat
Ikehlor had arrived at Vicksburg with 245
- ,ales Of cotton, shipped to that point from st.
louis. This fact Is calculated to strike the
average reader as something very strange;
n fact, it looks like repeating the process Of
sarrying Goals to Newcastle. But this aber-
alton in the line of transportation of our
leecy staple Is not unprecedented. Last year
NE shipments of cotton from st. Louis to
Teksburg amounted to 1889 bales, while those
From st. Louis to this city footed up 6575 bales.
VI Tie council of REFORM voluntary organi-
zatiu OF citizens for securing retrenchmcnt
I'm tn public expenditures In New York city,
u appeted before the Board of Apportionment
lew ays ago with proposition for a re-
(iudio of the estimates for the ensuing year.
They iopose that the allowance of SIS, coo
Tor the apartment Of buildings be cut down
to Sf,oo that the S667 800 proposed for the
departmt Of parks be reduced to 1921, ss1
y the esuihs Of 81, 29l, $40 for the fire depart
ment De reed to $9833O0, and the 1854 900
Tor the poi Of education be reduced to
S2Slo,ooo. aggregate reductions pro-
posed are %, 722. The council say that
large reuuce.ocan be made in other depart /
ments' pue lio re not prepared to indicate
amounts ~ the salary list was $3.50 |
2sS; now y = -3i, 573- nearly three times
as great .nothe purchasing power of
money ahu W" of living are about the
same nov 90 II Tere eighteen years ago.
Ihey say Clies Wv ee why the salary list
should pe o'o p greater than in 1861
when the popuA@ u he city is only 80 per
cent gfeaOei IN probable that the
councils appeal VIII Va anv substantial
enecC W 80 N.,,ol While the tax
payers Of the metropol, o,,ar,ybolnnin,,l,,
in favor of retrenchmen .,,4h,.iti,-1.,
pear To be overwhelming s,si j., ~ III
able to prevent II.
well known tinancl ,to 49,, i.,u4
published in the Financla ,nioIo ~ Nm,
York. O letter on the col - enonaia,
i, affairs in England and ,ra,a,aI,,
\ He reaches the following ,oian. Tha+
y actual, real money only rootaIlio
money; that silver has beer Melted j.
L Europe, and ranks now as rttta,4i .
money: that from 1913 to 1888 = -.
Of the world was increased oo,t il
from $4,000, 100000 to S7,0oO'ooe reatina
Il the unexampled period OF git - tho
worlds productions and trade;
4 1873. bv the decentralization OF 81 49, /
CONTRACTION = ~ sc3rld, ]
money has become dearer as IL
decreased in volume, II iollo"9 ~
value az all commodities ana prol' b
decreased. The business OF the VIC
been contracted and crippled Just az t
stimulated by the increase OF money y
1910 and 1878. He concludes that as I'll n
traction of trade, Of production 81 priee1
u nrosnerity. Is due to the contraction
rror,d,e money. so the natural, direct rel
N a. the restoration Of the supply OF none
az ramonctization Of silver general
|, Europe. These are the views OF an abe
who, a year ago was one q the strohges
nonents Of silver reconciliation in THIS
trv He has recognized the logic OF e'
Germany and England must also reeo
this irresistible logic and restore silver
old place as a part OF the worlds M
And as the United States are produce
silver. they should be the last natloh On
a. aonreciate the value of the precious I
WEATHER BULLETIN.
WAR DEpARTM