The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-14

Since November, 1871, no less than twenty
one savings banks In New York city alone
have been declared insovent. with an aggre-
cate of $11,oi9,72s due to 1854 deposltors,
upon which was paid only $F799,GGe
Some of the items of the cargo OF the tow
boat Sam Roberts and barges which arrived
here on Sunday, from Evansville were 1876
hogsheads tobacco. 10000 bushels corn in
bulk. 1851 sacks corn, 313 sacks oats and
1854 bales hay.
In the city of New York q company is being
formed the design of which is to insure the
honesty of cashiers clerks and other persons
holding positions of trust. This idea Is GER
tanly not a new one, and has been carried
into successful operation in other countries
The report Of the Connecticut insurance
commissioner shows that the seven leading
fire insurance companies of Hartford have
paid $95 300 500 81 losses, $40 DOB 715 cash div
idends, and $4,o45,Ooo stock dividends. The
total cash capital of the companies to-day is
$7,450o00.
During 1867 there were manufactured In the
United States ass, 55s tons of iron rails and
$3.50 tons Of Bessemer steel rails total
462, 10s. From that time to the end of 1877 the
production of steel rails steadily increased, so
that at the end of the latter year. of the 7G4 7O9
tons rolled in this country, 432, 1863 tons were
of Bessemer steel to 1872, $50 of iron.
Messrs. Small Il Co. and Marks K Co. have
received the following telegram dated Rio de
Janeiro, May 49, 1873
Receipts coffee since preceding Saturday $4,000
purchases Tor Europe game time 49,. $4,000
Purchases for United States same time. 40. 900
Price OF Z. Ii. t. or good average cargoes. $1,000
Stock 45 900
Exchange. ........-....,-... 234
Average daily receipts ........-.. :.-...-. 3,7l4
Coffee In leading European markets steady.
Washington dispatch to the st. Louis
Times States that Mr.. Glover Is making O
thorough investigation Of the accounts OF
Morrson's Louisiana Commission in 1876.
He has just got the bill Of Washington grocels
for liquors. etc, supplied to the commission
at the start, amounting to 5000. He finds
that the total expenses of this commission
were $4,000.
Here Is q crumb OF comfort for those Of our
cotton friends who are troubled with the
nightmare of war between England and
Russia: Old readers of the Lon ion Punch
aver that there never was O general move
ment In Europe whose result was not correct
ly indicated beforehand by that serio-comic
paper. Punch has said from the beginning of
the present European muddle that England
would not go to war.
During the quarter ending last September
30, 3412 American vessels in the foreign trade
entered into ports of the United States with
774,496 tons of cargoes. During the same
time entries into United States ports by for
eign vessels in the foreign trade footed up
G228 vessels with 19s5,Gl7 tons of cargoes.
During this period the clearances OF these two
classes Of vessels in this same trade were 3432
American vessels with ,O4o,s73 tons Of cargo.
and CATS foreign vessels with 2,7ls,669 tons OF
cargo. Comment is supertiuous.
The Ger man government have lately been
discussing proposed Increase OF the tobacco
tax, and this has called out an article by Dr.
r. Shielder, who says that in Thuringia alone
some 10000 pounds Of dried beet leaves are
annually sold as genuine tobacco Chiccory
and potato leaves are extensively used for a
similar purpose The Vevay cigar, which is a
great favorlte in Southern Germany, Is said
to be composed entirely of beet and cabbage
leaves, which have been stepped in tobacco
water.
We have already mentioned that a factory
for the manufacture of bagging for cotton
from lutte is being erected in Charleston,
which will be In operation in less than sixty
DAYS It is official Y stated that jute seed has
already been distributed by the Agricultural
Society to about sixty planters on the Atlantic
Am nfpIirtS that
within two or three years the South will raise
jute as well as spin and weave the fibre. A
million acres of land in India are devoted to
the cultivation of jute. One jute factory near
Calcutta employs $500 workmen, Dundee in
Scotland has 100 jute mills. employing 10000
operatives. The South can grow jute as sue
cessfully as India can. and can manufacture
it as proftably as Dundee can And this will
be done IL the import duty on iute be allowed
to stand until our jute plantations and facto-
ries are fairly on their legs.
From statement published in the Cincin-
natl Price Current of Thursday last, we learn
that the number of hogs packed since March
/, in the seven great packing points, amounts
to 7o7, 136, against 57o53G for the same time
last season The Price Current says:
The movement of hogs to market the past
week has been rather light, in a comparative
way, and there has been moderate decrease
in the packing for the week, compared with
the corresponding time last year. Our ad
vices indicate fairly liberal supplies Of hogs
Tor this and next month from the principal
producing sections. and that farmers are still
feeding usual proportion of the stock, not
wlthstanding the excellence of grass in nearly
all sections. The prospects which may de
yelop next month in regard to the corn crop
are expected to have much influence in shap
ing the turn farmers will take for the latter
part of the season in regard to marketing
hogs.
Says the New York Dry Goods Trade: Thu
special committee that is Investigating the
subject Of undervallations in the custom