The New Orleans daily Democrat., 1878-11-29

The amount of policies issued by life in
k,,lrance companies doing business in New
York has fallen off from $2 4,000,O 900 in 1872,
TO 81, ,56G OO0, 900 In 1877. The general depres~
|. sion OF business has rendered thousands of
pocy-holders unable to keep up their pay
ments.
suit is In progress in the New York courts
against Com. Garrison Of the Missouri Pa
cific Road In which damages to the amount OF
! three millions are claimed. The plaintiffs In
the case alege that Garrison failed to carry
out his contract to exchange the bonds Of the
new company for the old bonds held by the
said plaintiffs,
The following gentlemen have been ap-
pointed delegates to represent the Mobile
Board Of Trade at the convention for the pro-
motion of American commerce, which meets
In New Orleans on the third Of December:
Hon Peter Hamilton, Capt. A. G. Danner,
Capt. G. E. Thames, Messrs. J. Z, Murrell
and Peter Burke.
The estimates for carrying on the govern
ment OF New York city for the next year
amount to S3O,G41 ,705. which is 81, ,198,5T less
th5Gn WIS usk6t ffvt ffvt lit current year. hut rs
the sum actually allowed for the past year
was $30079,977, the estimates for 1879 are, in
fact, $5G2,628 in excess Of the allowance for
1878.
Official statistics at Washington show that
during the month Of October the excess of our
exports over imports Of merchandise equaled
$27, TAB, ,364 against SIT, ,73t ,155 for the CORE
spending month. last year. For ten months,
ending October 81, the excess was $237, ,07o 012;
Ii,,rr
191. For the month ending October 81, 1878,
the excess Of imports over exports of gold and
silver coin and bullion was 50, ,096, ,8O7; corre-
spending period previous year s293, ,1G9; ex-
cess for ten months ending October 81 1878
$24, 1872, 610.
4 curious legal opinion was published few
days ago, holding that the Mutual Life IDsur-
ance Company of New York has exceeded its
v powers In Offering the cheap insurance Of It's
new "rebate' plan, and that its new policies
might be of doubtful value. This opinion
\ came from Boston, the source Of many odd
q notions and the company has gone to Boston
"a to have the question investigated. The result
4 Is an opinion now published, positively hold
q ing that the company has the power 1t claims,
q and that it's new policies are as good as it's
q old ones
ID A Paris letter says: Il have recently heard
q of two very extravagant purchases that were
8 made by American ladies in Paris this sea-
q son. One article was the costest braid Or
II fsWitch" of hair that ever was made in Paris.
u It was composed Of hair a yard and q quarter
! in LENGTH snow white, and exceedingly soft
and glossy. 1t price was $500. Another was
Aa fan that was recently got up by one Of the
Il Heading lawmakers of Paris for the wife of a
s. New York millionaire. The leaf was painted
Aby Edward de Beaumont, q Paris artist Of
high repute, and cost $780,
81 In live stock, Georgia was 1910, COG richer in
zlS77 than in 1876 in farming and mechanical
aEools, $438,851; and in bonds and stocks
Isl ,554, ,0G2 Population has slightly increased
LIN spite of the steady drain Of the Texas emil
agration fever; whereas, in 1876 there were in
zaj jhe State 204, ,507 men who paid poll tax, last
S## year there were 207, ,8l5 Tl1c sum invested in
atotton manufactures in 1877 was 81 739, 200;
, he school fund was $50 225. The State tax
As was so cents on 500, and the average county
3ate about the same, The coIored people of
The State returned taxable property reaching
ssn aggregate value Of Sc, 5,43O, ,844
All The New York Produce Exchange Associa-
S5S ion proposes the erection OF q new exchange
Y building. At joint meeting Of the board of
|s managers and Of the advisory committee on
SBt Bthe new building President Edison delivered
S2 2a IN address urging the Importance OF imme-
late action, in which he stated as follows
concerning the financial condition Of the Ex-
hange:
We own the building in which our daily
essions are held, for which we originally paid
S365, 900, and upon which we have expended
rom first to last about $35, ,00p in improve
IH aaents, aside from necessary repairs. We
ave IN the treasury fund of S442,2 ,273, not
alcluding the amount applicable to the pay
Naa@@ @ent Of the general expenses of the institu-
Ion.
I Bond troubles are not confined TO the West.
m n 1869 the town Of De Ruyter, Madison
county, New York, issued 100000 in bonds in
9d of q railroad which has not to this day
cen built, and never will be. The debt was
A'eated with the consent Of the taxpayers, as
equired by law and for eight years the town
hid the interest with faithful promptnees
a ut the people finally grew tired Of this,
zasH1 H1d last year the town allowed the in
frest to go unpaid. It was discovered about
3NSN ki...I