The New Orleans daily Democrat., 1878-09-25
Commercial and Financial Matters.


Commercial and Financial Matters.
The British bark Octavia, which cleared yes
terday for Bremen, cHrried out 900 hogsheadE
Of tobacco.
State eonsols opened yesterday at IA. and
closed strong at 7414@74k, against 7sA@74 on
Monday. The sales at the Exchange amounted
to $4,000. Premium bonds closed steady at 81
@a2, against s1H@s1H ON the previous day.
The Arctic whale is failure this year. Up to
the twelfth OF July not one vessel OF the feet
had caught single fish. and none OF the YES.
sells had been able to pass through Melville bay
O. circumstance which has not happened In any
previous season In the recollection of the old
est captain.
NO less than three important will contests are
pending In Philadelphia, In which the alleged
grounds Of contest are that the instruments
offered for probate are forgeries. One of the
estates, that OF Robert Whitaker. amounts to
between sisoo.ooo and s2.ooo.ooo and the other
estates are large. 3
The Chamber OF Commerce of Foochow. hav-
Ing called tho attention of the foreign consuls
to the contemplated mixture Of dried and pre-
pared willow leaves with tea leaves, tho gov
ernor OIL Poochow has issued proclamation
threatening delinunsnts with severe punish
ment. Those at the head of the scheme. he
says, are numerous, and any person who
proves the guilt of one OF them will receive 100
piastres. Let all.' ha adds "tremble and
obey.'
An express company at Pittsburg recently
made d clean sweep Of its offcials. the general
superintendent, the local agent. the auditor. all
the route agents but one Mr. Thomas Hudson,
who Was made general superintendent. and
almost every station agent In the company's
employ being found to have borrowed" money
from its funds to speculate with. The defalca-
tfons range from $4,000 up to $4,000. Some of
the officials had been d quarter OF a century in
the business. and were highly esteemed citizens.
@@a~~@~@~s~~~~m~~@~~@ma
Many OF tho eommonest words In use at the
present day have sufficiently curious origin.
Dollar goss back TO the days when the silver
of JoaohimB Thai, In Saxony, was 80 highly es-
teemed that the eountry-f folk, In taking pay for
their produce, were wont to say: Give us
Joachims-th aler'-a name which. shortened
into thRler, Ia tho nneal ancestor of dollar"
1t COVE occasion for one Of the keenest iests in
history under Frederick the Great whose new
coinage. with the inscription Elm Reichs-
thalere tone State dollar, was read by the con-
Qsered saxons, "Ein reich stahler" the stole q
Btatel. .s. 5s.....
THE PUBLIC DEBT.-An official analysis OF
the public debt Of the United States from July
l. 1860. to July 1. 1878, prepared In the Treasury
Department shows that the debt In 1860 Was
sb9.9B4 4o2 with an annual interest of % 44sss7.
the debt per capita of the population being
81 9, end the Interest per capita Ii cents. Those
we're pleasant days to live In. The debt was so
small 90 10 be- unfelt: there were no direct Fed
oral taxes: the custom. houses yielded more
revenue then the government needed the coun-
try WIGS prosperous: suffering was almost un-
known and the Federal expenditures we're not
more than % year for each inhabitant In 1852
the debt grew TO 5os,st2.7s2. and continued to
grow till 1865. when It amounted to o. 431 B71.
Tho debt per capita at that time wss about s7s 25
and the interest per capita o. 40. From August
1866. the debt began to decrease and continued
to do so till 1879. when the bearing obi-
cations had been reduced to e1.71o es5 $50. In
1877 there was an increase Of o. 2os 900: and in
1878 there WaS another increase of nearly $685.
100000, the interest bearing debt on the first OF
July last having been s1 7gA $780, being $A1 81
per capita and the interest 81 gT per CAPITA The
total debt now. including the greenbaoks, less
cash In the treasury, is si 9g9. .382.2B0, The |
increase during the years 1875 and 1877 lg offset
by the accumulation of eash Ia the treasury, |
the net debt having decreased.
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