The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-17


TIA, 625 and zoe, 179.
1t Is source of graduation that the little
breeze of commercial disasters which passed
over our city two or three weeks ago has died
away. Confidence seems to be almost en-
tirey restored, and our merchants confident
iy look forward to bright prospects in the
near future. Apropos, we rejoice to note the
resuscitation of several of our commercial
houses which were forced by the severity OF
the financial pressure to suspend the pay
ment OF their obligations. OF the most recent
Of these REVEALS we notice the following
Instances:
Messrs Schwabacher, Prevented &PfeIfer,
produce merchants
Messrs. McGehee, Snowden & Violet, cot
ton factors
Messrs. R. r. Buckner & Co., cotton fac
tors.
The above houses were among the largest
and most highly respected in New Orleans,
and their many friends here and throughout
the country will rejoice to hear Of their re-
sumption.
The great firms of New York city engaged
In the sugar trade are working with the en-
ergy and perseverance of beavers to influence
Congress to cut down the duty on imported
sugars to such figure as will inllre to their
advantage. The telegraph has already in
formed our readers that q large number of
these gentlemen waited on Secretary Sher-
man during his recent visit to that city, and
sought by specious arguments and persistent
opportunities to induce him to use his inilll-
ence In their behalf. Wenotice by the last re-
.ceived issue of the Tribune, that arrange
ments have been completed for general
meeting Of sugar importers and refiners of
New York, Boston, Baltimore and Philadel-
phia, to be held In the first named city at q
very early day, to have full discussion Of
the tariff question, and to bring combined
influence to bear upon Congressional action.
We hope the sugar interests OF Louisiana
have able and wide-awake representatives in
Washington, and that they will succeed in
thwarting the efforts of the powerful combi-
nation OF Northern retiners and Importers
Prof. Bodio, the head Of the Italian general
statistical office, has published some statis-
tics which show that in 1850 the length of
lines open all over the earth was no more
than 10000 kilometres; in 1875 it was 294, 900
kllos. In the quarter OF a century, therefore,
the mileage had been multiplied nearly ten
Times. According to Prof Bodio, In the quar-
ter Of century under review there was laid
out en- the lines constructed G26OO, 100000 or
G2, 70O,0OO,000, or, say roughly, enough to pay
of the existing national debts of the
United Kingdom, France, the United States
and Russia Prof. Bodio establishes the fact
that working expenses are higher on State
than on private lines. Thus the work ex-
Of ho AZ linz IN, I1I,.
per cent Of the gross receipts against g. Is
per cent for the private companies; 1850 in
Prussia against $40; and In the rest Of Ger
many $3.50 against 1913. Another important
TACT shown is that the cost of railways, in
Guiding the cost of construction and of roll
lng-stock, Is constantly increasing. Thus the
cost per kilometre rose in Austro-Hungarv
from 10000 to s27, 900 francs between 1850 and
1873; In Germany from 218OOo to $4,000 be-
tween 1865 and 1875; in Belgium from 267,0
to 2o4, 600 between 1865 and 1870; and in France
from 100000 to 461 900 between 1855 and 1875
twenty seven years ago lady now living
in this city deposited s1oo in a Philadeinhia
BANK, ana mad the amount regularly entered
in bank pass-book. She subsequently, lost
the pass-book, and believing that she could
sence of this evidence of her deposit never
again went to the bank. In looking over some
old papers in Philadelphia not long since the
book vas found, and efforts were made to find
out whether any OF her kinspeople were yet
living, but this proved unsuccessful. At last
she was traced to Nashville Letters were el,e
accordingly written to her, and she was in
formed 1,rna that II she would send power Of at
the 800 principal and the accumulated inter
est-$227 She did as directed, and was the
happy recipient of an order for 1927 and few
cents. The lady is now verging on seventy
years OF age.-lNashyille American.