The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-17

Commercial and Financial Matters
The State OF Kentucky ia rich-has availabi
funds to the amount of ST. 1854 and owes onl
stss.ssa.
The net debt OF the State of MARYLAND. OF
which interest has to DO provided for. amount
TO es.s9ss392.
Ban Francisco lost by fire the past year nj
aggregate OF s1.os5,77e. The actual insurance
received was s3ls.1so.
The Statistical Bureau of Berlin estimates
that the total steam motive power of the worlt
equals tho force OF 25.ooo,ooo horses.
The expenditure OF the English government
Tor education. science and art has increased
from s2e,75o In 1886. to fs,972 ,oos In 1875
Two millions three hundred thousand people
In the United States have on deposit In the va
rious savings banks the sum OF $s49 200. 900.
The United States Commissioner Of Agricul
ture thinks that coffee can be proftably cult
waited In Florida, and some other parts Of the
country
Chicago was favored with 1928 arrivals and
elearances of vessels In 1877, while New York
had only io.7a9 But the tonnage was different
Chicago having e,be5,o49, and New York s,i3o.4e5
The New York Free Trade Club Is causing
petitions TO be circulated among the merchants
and manufacturers throughout tho country
with view to ''popularizing and fructifying the
truths Of free trade
The incomes OF the leading surgeons In Lon
don are enormous. Sir Henry Thompson per-
forms the operation Of lithotomy ninety times
year. on an average. His fees range from 200
10 500 guineas and amount to about $3.50 900 per
Annum.
During December the Turks received from
England, France and the United States 400, 600
stand OF arms, 100000 uniforms, 100000 great
coats and 100000 pairs Of pants-all of which
may DO soon gobbled up by Russia. II England
keeps standing outside the ring.
The Indian Bureau Is said to have cost the
country-that means the Taxpayers average
OF %, ooOo 900 q year for the last decade. Which
Ii to say that CSC. 1000 900 have been expended In
NuHb poElUu w hbop ny tHb peIstsbtub Bau
Of the government with its aboriginal consti-
tuents.
According to statistics for the past year IL ia
shown that s3e persons took their lives by their
own hands; Alag accidents occurred. averaging
more than one death each, and there were IA eos
crimes committed. over HOO of which were
'homicidal. The number Of executions aggre-
gates SO.
Recent experiments and tests In England
demonstrate the many desirable qualities pos
sessed by steel wire rope hawsers. With the
safety attainable by wire ropes 1t Is surprising
that chains have been 30 long and largely en-
ployed In places where the breaking OF single
link may result in a terrible catastrophe, in
volving loss Of life and property.
The Rapid Transit Company OF New York
expect to have the elevated railway on Sixth
Avenue In operation by the middle of April
II this experiment proves successful. as its pro-
jectors have every reason to believe, 1t will revo-
lutionize the present slow means OF transit in
oil large cities. The rates charged will be he
same as on street railroads. and the advantages
for comfort and convenience are a hundred
fold greater.
Minister Welsh has written to the State De-
partrnent concerning the seizure of certain to-
baeco shipped from New York. The revenue
laws Of England forbid the importation of any
adulterated substance. aud IL is claimed by the
British customs officers that mixing licoriee
with this tobacco by the New York mauufac-
turers constitute adulteration. Our govern
ment will endeavor to obtain modification Of
the British law 80 as to enable this tobacco to
be exported to England. the introduction of
licorice being no adulteration. but simply to
improve the taste Of the tobacco.
We have heard 1t bruited about the streets
that some of the members of the Chamber OF
Commerce contemplate calling special meet
Ing OF that body for the purpose of reviewing
If not resembling, the recent action of the Cham
Der protesting against the so-called silver
BILL We know OF several very prominent
members OF that organization who are strong
advocates of the reconciliation ofvslver. and
we should be pleased to see the question fairly
and freely discussed at a full meeting of the
Chamber of Commerce. There are many Of our
commercial friends who. after very super
fetal examination. have Jumped at conclusions
on this all-absorbing and important question,
who upon more thorough research into it's
merits and bearings upon our future prosper
fty. would nd doubt change their preconceved
Ideas and become staunch advocates of the only
measure now presented which. in our opinion,
can lead us out of the wilderness of trouble and
disaster In which we are now cropping.
The New Orleans Insurance Association.
We take pleasure in directing the attention Of
cur readers to the eighth annual statement of
this staunch. popular and ably conducted insti-
tuition. 1t will be seen that Its net earned pre-
miums during the year just past amounted to
1901 .o24 s6. and net profits to 1887 81. The
Board Of Directors have resolved to pay on de-
mand dividend of ten per cent on capital stock.
and one Of ten, per cent to stockholders on the