The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-11-17


OF the silver dollar, he says:
"At the date of the passage OF the act ail-
ttttfefiHiagg The coinage OF the dollar OF 4lzIa
grains the price OF bar silver was tUUt1u %
renee npr ounce British standard From that
date. February % last, the price gradually
declined until it reached 4gI pence on the
seventeenth OF October, The price at the
date Of this report is 5o1l pence. From the
entertained by many that the reconciliation
Of the silver dollar would be followed by an
appreciation in the value OF silver, has not
as yet been realized
Dr. Linderman thinks that the United States
ought to be very cautious in it's silver policy.
The Gloomy Situation In England.
from Smith. Edwards & Co.'s LIVERPOOL Cir
cularl
The effect on Manchester was alarming
the house had enjoyed until the last few
months excellent credit, and was the largest
shipper of goods to India. No failure in our
times has hit Manchester more severely or
produced more powerful moral effect. IL mas
caused since then almost q total suspension
of business, and nearly put an end to the
financial facilities obtained in London for car
rying on the Eastern trade. ,
There has ensued the most wholesale resort
to short time, combined with extensive clos
ing of mills, that has been known in Ian
cashre in our time-save during. the height
of the American war. The long agony
| through which the cotton trade has been
passing Las at laSt Teacneu oil sbcute GL19i5,
confidence Is shaken to the foundation, fnan-
cial facilities are cut off, and the whole
machinery of business Is broughtto the verge
of a stand-still It is very difficult to ap-
pro&imate to the true consumption at pres
ent. The opinion in Manchester Is that 1t
does not exceed 10000 bales per week, where
as the machinery Is capable, if all employed,
of spinning nearly $4,000 bales. We incline,
however, to think that many Of the old mills OIL
now closed will never open again. The
INN
cialIy the host of new mills at Old-
ham, have rendered obsolete most Of the OLD
concerns, and unless trade becomes better
than we have any right to expect at present.
O large portion of these will be dismantled,
and the spiEdles will be sold for old iron.
This great curtailment OF production IS I'M IN,
doubtedly the best course to adopt, and Will
gradually work cure; tie Eastern markets.,
which have been glutted for many years. and
have sunk untold millions OF money to the
merchant. will gradually recover tone, and
with the low price of cotton the time is not far
distant when Manchester will again be
ulative operators will be possible again
Every house that has tried that style OF bus1-
| ness has been swept away, ana new methods
| must be adopted, more prudent and less am
| bilious than the old race OF shippers prac-
| ticed.
PAYING WIFEs BILLs:-The question OF
| exactly how far @ man Is responsible Tor
goods, etc, furn1Sned by bFhueSineA w q nlie
| from whom he is separated was presented in
the suit Of Bartlett, Berry, Reed, e Co,
against Edmund Warning, which was tried be-
| fore Judge Daily and q jury, in the Common
Pleas Court of New York, Tuesday. The &C
tion was brought to recover for two dresses
and some kid gloves, besides loan Of money,
furnished by the plaintiffs to Warning wife in
June and August, 1876. BY way OF defense,
Warning urged that he had been separated
| from his wife, and that he made the
latter sufficient allowance to provide
| for her necessities Judge DAILY, in
his charge, told the jury that when
q tradesman supplies married
woman With goods, with the expectation , Of
having her husband pay the bills he takes
the chance of three things-ti 1t turning
out that these goods are not necessary for
her or for her condition in life. or that the
husband has supplied her with all the money
which Is necessary; or that, although the
goods are suitable for her condition In life,
| She has already supplied herself elsewhere
with what was necessary. AS to the borrowed
money, It was o question he thought, not
free from difficulty either by the law Of this
State or by the law Of England. He consd-
cred it ought to be left to the jury to say
whether woman, being left Without neces-
sary articles by her husband, has not the
| right to-borrow money to procure them. The
| jury brought In q verdict for the defendant.