The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-05

mat Is an eXcellent recommendation for
young man who wants to borrow $500 on his
bareSsrord. No doubt he will find thousands
of persons glad to accommodate SO deserving
Skmpole.
correspondent writes to the New. YORK
Sun: "The following figures may not be;un
interesting: As stated In the Sun the receipts
of the Union Square Theatre for five years
have been 81 100000. Now suppose each sea
son to be 259 nights at an expense Of $3.50
This would make s712,250, which, deducted
from the receipts, would leave tho handsome
balance of s2s7,75O profits in five years. OF
s57,55o per season. Who will say that thpat-
rlcals are on the decline?' !:
The plan of the English creditors OF theSt
Louis bridge for settlement of It's financial
difficulties has been agreed on: !
The bridge Is To be sold by the receiver: on
December 90 and a committee of the English
bondhOlders are expected to arrive In New
York In few days for the purpose of com
plotting the details Of the reorganization and
attending the SALE The scheme proposed
recognizes all interests, and provides for the
Issue OF new securities upon the surrender Of
the old bonds and stock dollar for dollar
The present first mortgage bondholders are
10 receive new first mortgage bonds to the
amount OF $3947, 900, the present second mort
gage bondholdcrs are to receive first pre-
ferred stock OF the new company to the
amount Of $4,000, 600, and the third mortgage
bondholders are to exchange their bonds Tor
second preferred stock. No decision has been
arrived at as yet in regard to the recognition
OF the present bondhoders in the new corlio-
ration.
OUR ENORMOUS CONSUMPTION or TIM
BER.-In pleading for the protection and per
petuation Of forests, the Lumberman's Ga
zette gives some interesting particulars OF tho
amount of lumber consumed every year I'm
this country. It says:
We have now about 30 900 miles Of railroad.
the annual consumption for ties or sIeepers
alone one Is 100000, or thirty years growth of
10000 acres. To fence these roads would re-.
qure at least 10000 miles of fence, which
would cost $45,000,000 to build, and take at
least $l5,0O0,00O annually to keep In repair
we have $4,000 miles of wire, which requires
In Its putting up 100000 trees while the ain
nual repair must take 100000 more Tie
little Insignificant lucifer match consumes an
nually In its manufacture 100000 cubic feet Of
a ane finest pine The bricks that ARE
annually baked requires 100000 cords
OF wood. which would sweep the tim
Der clean from $4,000 acres Shoe tsees
are quite as important an article; It's
matches or bricks, and to furnish the required
annual supply consumes 100000 cords of fine |
timber, while the manufacture of lasts ansl |
boot trees takes 100000 cords Of maple. beach |
and birch, and about the same amount is. re-
qulreCn for plane stocks and the handles Of |
TOOLS. .lhe cost OF the packing boxes made III |
the United States in 1874 amounted to $40, 0O0i- |
600, while the timber manufactured into agri- |
cultural implements, wagons, etc. was more |
than $100000.000. The farm and rural fenced |
OF tne country consume an immense amount |
OF lumber and timber annually. but as WE |
grow Older as nation this CONSUMPTION may: |
and probably will, be reduced by the moro
general use of live fences and hedges (tui.
10 NOT nIt, I,iI,
the increase, but our expectation Of timbeE ii /
also rapidly increasing. Our slaves 90 by
the million to France annually walnut. oak,
maple and pine to England and spars and
docking timber to China and Japan. II
The New York Economist, of November 30
has leader on past and present trade pros
poets, which we copy as follows:
While there is general business depression
throughout the world, it is gratifying to note
that III TINS country there are the sure indca-
lions OF healthy and permanent revival Of
trade. Richer harvests than were ever gar ,
nered are adding millions To the wealth of the
pcSple. Abundant crops of corn and cotton
an. Just being gathered, peace and plenty are J
within our borders, and the year now SO swift
ly passing will be remembered as being the ia
dividing line between the depression Of Tho N
past and the hop"fulness Of the future Tha IL
assured return cl9'ecie payments will add to =
the confidence ava stability of commercial 5
affairs and also become csc of the chief N
agencies in promoting a renewed activity irf Z
trade During the past five years insolven. Il
cles ana failures nave been more frequent
than In any other country the decline il!
values has also been more extreme: ALI j
classes have severely suffered from conf :
mercial and financial crisis. and the conse-: !;
luence is That we have reached solid rock, d
and now, with all the debris cleared awav,:I !,
here Is cheering outlook along the whole. !,
inc OF business. The export trade shows Al !!
continued Increase. amounting for the first l..
inc months OF 1878 to S533 7291l8, against !:
b425, IA ,5S3 for the corresponding period Of Il
ST., thus showing for the same months an :
'xcess OF exports over imports of 5000 $780, l.
81. or at the rate Of S3l5,O00.0O0 per annum, y
ne greatest trade balance ever known in the 7.
history of the country. While all the coun- Il
ries OF Europe are suffering from decrease of n
rade, and are in the midst Of Ssancial depres- NJ
ion, here we discover the beginning of a
ound revival of business. 1t is true that for ell
ne merchant and manufacturer profits are
mall and fortunes are not made In season: r.
ut there is the certainty that the depression .G
over, and new movement is witnessed in iil
commercial affairs: Extravaganza, ease and
tSplay belong to the past: hard work econo- ( J
~, application and method are the guides y
)r the future. Conservatism is now the ~
hief feature in trade, and under such healthy r..
ondltlons 10 must usher in period of solid r.
:, -
The New York Public of the thirtieth utI. Ke
10, says of bank clearngs: Ne
The exchanges last week were larger than re
hose of the corresponding week last year at ~
We of the eighteen cities. and nine other Ne
earring houses report decrease In ex- Ne
langeS, which Is not as great as the decline d,
prices since November, 1877. At only four Go
ties does there appear decline in the guam Hs
ties Of products represented by payments. Ba
IN Francisco, it is true though reporting l9f
rger gain than any othJI city, probably tal
YES much Of that increase to the greater ac- ~ ~
witty of speculation in mining stocks. But tel
% gain at st. Louis is 1873 per cent in values, fre
hich indicates an increase OF about 30 per ba
mt In quantities represented in the ex- las
anges. The gains at Baltimore and Louis =
lie are also large and encouraging. New en-
cleans has SO far escaped from the effects of (
e recent scourge that an increase in Quanti- -, =
IN nniu one Of the chief nommarniaI cities Ga
ML,L - rt;t;o. ~ ohan,od aa,,na.t - 49, | Me