davidaulloa/AmericanStories huggingface dataset:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
Confidence In Future Mercantile Pros-
uerify

Considering all the circumstances, business
marts have maintained wonderful degree
OF steadiness during the past few weeks, and
the confidence OF business men, which during
the fall season contributed 80 materially to
the healthful tone which pervaded CONNER
cial circles, remains unshaken. The fall of
the chief Turkish stronghold in Bulgaria,
which Is commonly regarded as the precursor
Of the speedy collapse Of the Turkish power
in Europe, or the cessation Of the war
through peace negotiations, has exerted little
influence beyond checking the outflow of
breadstuffs and causing moderate decline
in prices.
The squabble in Congress over the silver
question was the cause Of grave apprehen~
sion at one time, and threatened to be- one OF
the most disturbing elements brought to the
surface during the expiring hours OF the old
year, but the wide discussion which 1t has oc-
casioned renders it morally certain that this
pernicious scheme cannot be successfully car
ried out-hence the agitat ON ezcites less ap-
prehension In the public mind. .H
The trouble among the savings banks and
trust companies, whether arising from inju~
dicious adventures in the way Of investments
or otherwise, has likewise been the occasion
Of little anxiety, but, happily. the worst seems
to have passed, and the distrust occasioned
by 1t is already measurably abated and conf
dence restored.-INew York Shipping List.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01

New YoHK, Dec sl-'The Socialistie Labor
Congress met this morning at o'clock at Turn
Hall The committed on organization and
constitution completed its report. and after
considerable discussion the report was adopted
as amended.
The congress then went into executive ses-
sion to hear the report of the committee on
finance. The report was adopted as read
The congress then adjourned at noon, to meet
at o'clock.
In the afternoon session the new business OF
the party was transacted. when the following
was passed:
Resolped. That every section of this party be
and Is hereby instructed to send to their ma
tional. State and local conventions only such
delegates as are able to speak the language oi
the country.
It was furthermore resolved to go into the
eHecntve oe Of The nartv and Mr. Van a
Patton. of Chicago receiving majority. of the
votes cast. was reelected. John Mcintosh
Of Rochester. N, Y, was elected chief editor OF
the official organ Of the party. to be established
at Cincinnati.
The congress- then adjourned. at o'clock
p. M. sine die.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
New ORLEANS, December 81, 1877.

Editor Democrat-I note an editorial in the
New Orleans Times of this morning In whic h
1t is stated that those truly eminent engineers
Gems. Barnard and Wright, have been sent
here to ascertain IL Mr.. JAS. B. Eads has
complied with the spirit as well as the letter
of the contract which he and his associates
entered into with Congress. The Times as
sumes that the letter Of the contract has SO
far been complied with as to entitle Mr.. Eads
and associates to the second installment Of
half million dollars, simply because a
flood tide {some two feet less at low tide, and
two hundred feet in width, has been obtained
This is mistake. There is much more in
the letter of the contract. The contract calls
for permanent work. Gems. Barnard and
Wright are no doubt here to inform the hon.
orable Secretary OF War as to this matter.
The report of Capt. Brown settled the matter
Of depth and width It would be terrible
blow to the Mississippi Valley, but more es-
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
The Charter eak hcaIlng Process.

HARTFORD, Conn, Dec. 31.-Marshall Jewell
president of the Charter Oak Life Insurance
Company has addressed circular to the policy
holders Of the company. urging upon them the
necessity Of accepting the 40 per cent scaling of
of sixty cents on the dollar. This course he says.
is absolutely necessary to prevent the company
going into bankruptcy.
he says there is mt present no income from
premium receipts, but the expenses Of the COM
pany are paid by realizing upon their invest
ments. and this cannot long continue. A large
numher have consented TO the scaling down,
but number still decline. The responsibility
rests with the latter class. He concludes by
saying: There are but two courses open to the
compang-bankruptcy, or solvency by means of
the plan proposed Which shall it be2'
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
The savings hank Exemption Decision

the Commissioner OF internal Revenue il
abating the tax Of the State Savings Institution
some adverse criticism. the following is fur
nished from the internal revenue office as an
official statement OF the grounds upon which
the commissioner bases his action: By section
34os of the Revised Statutes Of the United States
each month is imposed on tho average amount
Of deposits OF money. subject to payment by
check or draft or represented by certificates of
deposit or otherwise. whether payable. on
demand len, Or at M :. some future day:
corporation engaged in the business of bank
ing. Certain exemptions, however. are &C.
corded to those savings banks which have no
capital stock. and do o'her business than re-
ceiving deposits to be loaned or invested for the
such deposits without profit or compensation
to the association or the company, The saw
ings banks Of that class are exempt OF tax on sc
much Of their deposits as are invested In United
States bonds, and on all deposits not exceeding
$4,000 In the name OF one person.
BY the act OF June 49, 1874, these exemptions
under certain limitations were extended to such
savings banks as have a capital stock or a
bond for the additional security Of these depns-
itors. After a long and careful examination of
the case of the State Savings Insti ution of Chi
cago, the Commissi ,ner. Of Internal Revenue
has decided that that bank is legally entitled TO
the exemption above named. The Cook County
Savings Bank, the Dime Savings Bank
ings Institution, and the Trust Company
Fidelity Swings Bank, tcapital s2oo.ooo) the
German Savings Bank, tcapithl 100000 the H.
linois Trust and Savings Bank. tcapital $500 ooo,
the Merchants, Farmers and Mechanics Saw
ings Bank. capital s5o.ooo,l and the Prairie State
Loan and Trust Company. tcapital si5o,ooo
whose cases ate now under consideration. are
all claiming the same exemptions.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01

The German University Annaal states thet
there are twenty-one universities In the En-
pire, with 2o,223 students, of whom $500 do
not attend any lectures. Of the 17,729 others,
more than o third follow the lectures on phi.
losophy, which comprise the sciences as well
as those on philosophy strictly, 50 called. The
faculty which has fhe smallest number Of stu
dents Is that Of theology, the lectures on
which are attended by only 1923. The Ber-
lin University Is the most frequented, having
4597 students Of whom nearly half, however,
do not attend any lectures. Leipsie, ON
the other hand, has more than 5000 students
in regular attendance. The Strasburg Uni
versity is eleventh on the list, with 100 stu
dents, and Rostock is last, with only ia. The
number of professors paid by the German
Empire is 1900, and that Of the prtpnt docenter
1850; The German universities receive about
$2,5o0,00o year from the Imperial budget,
but this sum was largely exceeded in 1875,
when Strasburg Was alone allotted nearly
100000. The other German universities,
situated beyond the confines Of the Empire,
are Basle (Switzerlandl, Dorpat fRussia},
Vienna, Innsbruck, Prague and Czernowitz
tAustria), 50 that altogether there are twenty
eight Of them In Europe.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
The New Oras ans Mint.

WASHINGTON, Dec 31.-The Director Of the
Mint es imates that the mints running with full
force and sufficient appropriations can coin, in
addition TO gold coin and the necessary frac-
uonal currency. about $3,oo0,ooo per month
s5oo,ooo of which would be trade dollars to sup
ply the China trade. leaving s2.boo,ooo to supply
the demand for home consumption. This the
director considers TO be the utm st capacity OF
the minis as ut present organized. He says
there will be no delay in commencing the coin.
age of the silver dollar. in case the silver bill
becomes a law. He also says that with an.
thority to operate the New Orleans Mint, the
capacity would be increased at least 100000
In silver per month. He thinks that with an
outlay of from 5000 to $10010o the New Or
order. Besid s being great help or home bus
mess. the reopening Of the mint at New Or
leans would greatly facilitate trade with South
and Central America and Mexico.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
Interest On nenasiss.

1t is understood that number of the lead
ing banks OF this city contemplate new de-
the balances of country correspondents on the
opening Of the new year At the present time
the regular rate paid on accounts Of this sort
Is per cent on balances exceeding $1,000,
believed, pay upward Of 81 per cent on the en-
tire account, and in some exceptional instances
as high as per cent. On the opening Of the
new year, it is stated, the banks fayoring re-
over $4,000 to per cent. In New York, Phila-
delphia Boston and other Eastern cities, the
practice OF paying interest to outside custom
ers is generally regarded with disfavor, and is
only allowed to stand by sharp competition
for business. In New York the regular rates
are now 2 to 2L per cent on balances over $1,000.
In Boston and other Atlantic cities the amount
paid. depends largely on the condition of the
local money market, though it seldom ex-
eeeds the rate paid by New York bankers.
lChicago Times.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
The First silver wedding I'm the white
House.

WAsHtNeToN, Dec. 91.-In the Executive Man.
sion tonight was celebrated for the first time
IN its history a silver wedding. President
Hayes and Mrs. Hayes were the happy couple
and in the midst Of about one hundred near
aud dear friends, celebrated the twenty nth an
niversary of their nuptials. The enter ain.
ment OF the occasion was quiet, social and
family like.
The President and Mrs. Hayes had requested
that no presents should be made by their
frest D ttttFi tfe5tiUt fUt111t tfry5ir WY futu
the White House, noticeable among which is a
silver log cabin, presented by II former officer
of the Twenty-thrd Ohio Volunteers. the Peesi
dents reg ment during the late war.
In the evening the mansion was brilliantly IL
Illuminated. and the East Room and other par
lors were fragrant with choice exotics
At 10 o'clock the wedding dinner was partaken
of in the State dining room. and ut epmpar-
ativelv early hour the guests Withdrew. aft'r es-
pressing many hearty wishes for the future
happiness of the President and his eslimable
rif
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
To Prevent stealing Of Cotton.

The New York cotton factors have long
been annoyed by petty pecuiations In the
handling OF cotton, and the Cotton Exchange
has adopted an amendment, which it Is be-
leved will prevent the frauds of which COM
plaint is made. The bulletin says:
THE new scheme provides for warehouse
and delivery committee, to consist of five
members one to act as secretary, and TO re-
ceive salary not to exceed $4,000 per annt1m.
This committee is to pass upon all applications
for licenses from warehousemen, weighers,
samplers, truckmen, owners Of lighters, and
head members OF cotton; to receive COM
plants Of misconduct In writing against any
person licensed by the exchange, and to try
such persons, but their decision in all cases Is
to be subject to the approval OF the board Of
managers. They may, however, suspend any
license pending such approval. All persons
engaged in handling cotton for members OF
this Exchange must be licensed, and each
application must be indorsed by two MEM
bers Cotton shall be receivable in this city
south Of Fourteenth street, or within the
limits of the port Of New York, only from
or at such warehouses as may be recon-
mended by the warehouse and delivery com
ayers and duly licensed No delivery Of
cotton ON contracts for future delivery or to
arrive shall be lawful unless freH such s=sTare=
houses, and unless otherwise stipulated prior
to the sale OF spot cotton, the buyer may de-
mand that the cotton purchased be delivered
from or at licensed warehouse Licensed
warehousemen, on payment Of the regular
annual dues, will be entitled to all the privi4
leges Of membership OF the exchange except
may be Cancelled after thirty days notice IN
writing by either party, except as to con-
tracts existing ut the date Of such notice.
Cotton which may have been stored below
the level OF tho street shall not be q good
delivery until after it shall have been stored
above the level OF the street for period Of at
least thirty days.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
CAPITAL NOTES.


WASHINGTON. Dec. s1.-The following impor-
tant order was issued this morning to every
signal agent throughout the United States:
WAR DEPARTMENT J
Office of Chief Signal Officer, 7!
Washington. Jan. l, 1873 J
cautionary storm signal will be displayed a
occasion may require, at all active signal and
display stations Of the Signal Offlae
The signal will be displayed at and on the
sist of a whits flag with square black centre
shown above red flag with u square black
centre by day. or Q white light. shown above a
red light. by night.
This signal will be known as the eautionary
off shore signal. and will indicate when shown
that while the storm disturbance is considered
at the Office of the chief signal officer as not
passed for thasport or place at which the signal
Is displayed, and the winds may yet be high
and there may be danger the winds nre ex-
pected to blow from northern or western di-
reetion or off shore at or near the port or place
whore the signal may be.
The display of this signal will often follow
and must be distinguished from the display of
the usual eautionary signal, j. e. a square red
flag with q square black centre by day, or q red
light shown at night, which retains, whenever
shown alone. its usual meaning.
The display nf either sis,nnl will alHrats he
eautionary. The eautionary signal "a red flag
with black square In the centre by day, or red
light by night-calis for caution in view of an
approaching storm. and is also cautionary with
reference to winds blowing from any direction
with black square in the centre, shown above a
red flag with q black square III the centre by
day. or a white light shown above a red light by
nights cautfonary with reference to winds
ern direction. or off shore. at or near the place
''' '''' " ' - ALBERT J. MYER.
Brtgader General. assigned Chief Signal Off
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
Dead MEMS LETTERS.
How salmon r. Chase sebsmed for the
Presidency in 'tss.
Washington Post.I


The fact that Salmon ?. Chase was watch
ing the Democratic National Convention ia
New York city in 1868 with rare degree oil
expectancy is tolerably well known. But
that he labored to secure the nomination OF
that convention for President has not been
there, of course, and 1t has always been
thought that perhaps they were un-
authorized to act for him to the degree
remarked at that time. The follow
ing letter, written by Mr.. Chase to q
gentleman in this city, who was representing
him In New York during the convention, Is
made public for the first time, 1t settles the
point conclusively that Mr.. Chase was anxious
about the result of that convention The Mr..
V. referred to was Hon. G. l.. Valandigham
ings was decidedly in favor Of the nomination
of Mr.. Chase. The tribute paid by Mr.. Chase
to Mr.. Vallandigham will be appreciated in
some sections Of the country. Altogether the
letter is quite an interesting contribution to
WASHINGTON, July T. 1868.
M Dear Sr-1 was gratified by your note
which came to-day. Whatever the result,
shall never forget your good will and good
offices. The reports by letter and telegram
to the press seem to warrant your hopes; but
do not forget the difference between outside
speculation and inside decision, and shall
acquie ce cheerfully whatever the event.
The assurance you give Of the friendship of
Mr.. V affords me real satisfaction. lie
is a man of whose friendship one may
well be proud. Even when we have
differed most widely, 1 have always ad-
mired his pluck and consistency, and have
done full justice to his abilities and energies.
The propositions contain little that dissent
from, except as to one part Of the reconstrue-
tion laws. | have always favored the sub
mission Of the question of reorganization
after disorganization by war to the entire
people of the whole State; and, whether right
or wrong, constitutions have been framed in
eight of the States under which Senators and
Representatives have been, or soon will be,
admitted to seats in Congress. But there Is
no use in discussing this now
DR.. Mc1ihaney has taken some notes Of con-
versation with me on this point, which he will
hand to Mr.. Long. You can use them, of
course; but do not want to have them shown
to anybody else except Mr.. Van Buren.
| await the result very quietly-so quietly
that am almost ashamed of m yself when I
think of your anxieties and labors in New
York. Yours most sincerely,
s. P CHASE
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
EVERY YEAR.
GEN. ALBERT PIKE.

The Spring has less OF brightness
Every year;
And the snow a ghastlier wbitsness
Every wear,
Nor do Summer flowers quicken.
Nor Autumn's fruita4e thicken
AS they once did, for they sicken
Every year.
1t is growing darker, colder,
Every year;
And the heart and soul grow older.
Every year.
care not now for dancing,
Or for eyes with passion glancing
Love is less and less entraneing.
Every year.
OF the loves and sorrows blended
Every year,
Of the charms OF friendship ended
Every year.
or the ties that still might bind me
Until Time to Death resigned me,
My infirmities remind me
Every year.
All how sad to look before us
Every year:
While the cloud grows darker DER as
Every year:
When we see the blossoms faded,
That to bloom we might have aided
And immortal garlands braided,
Every year.
TO the past GO more dead faces
Every year,
AS the loved leave vacant places
Every year;
Every where the sad eyes meet us.
In the evenings dusk they greet us.
And to come to them sntreat us,
Every year.
"You are growing old" they tell us,
Every year;
You are more alone, they tell MS,
Every year:
You can win no new affection,
You have only recollection,
Deeper sorrow and detection,
Every year
Yes the shores OF life are shifting
Every year,
And we are seaward drifting
Every year:
Old pleasures, changing, fret us,
The living more forget us,
There are fewer to regret us
Every year.
But the truer life draws higher
Every year.
And it's morning star climbs higher
Every year:
Farth's hold on us grows slighter,
And the heavy burden lighter,
And the Dawn Immortal brighter
Every year.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
and that he voluntarily signed tho agrees


ment
Judge Howard left the county, but di-
sregarding his promise never to return, as
it was exaeted OF him under duress, he went
back to El Paso short time afterwards and
encountered the Hon. Lewis Cards on the
street, and In fight with pistols, shot and
killed his antagonist The Hon. Lewis Gar
dis was an Italian, born at the base of the
Alps and had served while young rs a captain
under Garbaldi. When Judge Howard first
went to I'll Paso they became warm personal
friends, but the love Of rule and political lead
srshp was too strong In the bosom OF each to
permit either to bold undisputed supremacy
~ peace over tho crude minds Of the people
about them. Each wished to be the sole mon
arch of that vast bat thinly populated section
commonly called tho El paso country. At the
well remembered Castrovill convention for
the nomination OF Senator and Representa-
lives for the Rio Grande district to the State
Legislature, both Howard and Cards appeared
with the credentials of delegate. The con-
vsntion, after discussing the subject. declined
to decide between them and seated both.
But, this was unsatisfactory to the
contestants, and here their HATRED
for each either took it's rise. Cards was
| elected to the Fourteenth Legislature.
and on one occasion, while Howard was In
Cards freely indulged in his abuse OF How
ard. Judge Howard heard Of this, and meet
ing Carols one day on the street, he assaulted
| him. but no serious injury was done before
| their friends separated them. All the efforts
| Of their respective friends to make peace be-
| tween them were frt1itless. Their hatred was
so deadly. that each seemed as II he would
not rest until he had drawn the blood of the
| other. Neither ever showed any fear Of the
other, and every time they met they beth
| well understood that there would be- per-
sOnal combat
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
A New York Blaze.

NEW YoRK. Dec. sl.-A fire broke out at S
A'clock to-day In the story bui ding Nos es
and 81 Thomas street running through to No.
AZ Church street, aud occupied by H. Wallack
rooien goods. The loss on the stock by fire.
utter and smoke is $50 0e0 and on the building
bout $1,000. The origin of the FIRE is unknown.
he principal loss is on the fourth floor. caused
" smoke and water among The shirts and
Eoolens. The insurance on the stock is about
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01

aupEnE CENTS

pecially to New Orleans, II 1t should appear
probable even that the expensive work at the
South Pass, costing nearly as much as ten
years' dredging, should In few years be
worthless. Imagine commerce built upon
temporary success and destroyed by ultimate
failure of that upon which it was based. Con-
fidenee and capital would return but slowly
after such diseouragement, as might be ex-
perted SUGGESTION.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
Milwaukee Trade STATISTICS.

MILWAUKEE, Dec si--Statistics of the COM
amerce of Milwaukee for the year 1877
now the total receipts OF wheat to be
10. $50 ,469 bushels; shipments 1884 25s. Flour
barrels. Receipts of cattle Al ,374 head; ship
ments n $40. Receipts of lumber 1856 429 600 fet
shingles II. 7.Tss.0oo There is & notable increase
of the receipts of cheese. There were T475 ves-
sells entered the port, with an aggregate ton
mage of 1858 tons. and 1878 cleared tonnage
2.9TS, ,1oa tons.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-01
Excavations at OIym pfa.

The excavations at Olympia have been ae-
lively conducted during the past year by DR..
George Treu, the chief OF the German expedi-
ton. The ground in front Of each end OF the
Temple Of Zeus has been cleared and import
ant discoveries have been made. One OF the
most interesting works of ancient art yet
unearthed was recovered late in October.
It was very large bronze plate, wrought
with four rows OF figures In relief. tn
extremely archaic style, corresponding to
that of the earliest so-called Corinthian vases,
and, as may be inferred from the description
of Pausanias, to that OF the chest Of CypaeiCs.
In the lowest compartment appears q four
winged female figure who In either hand,
holds up lion by the foot; In the second
Herakles, as kneeling archer shooting fly
ing eentaur, and without his later attributes
Of the lions hide and club. In the third COM
partrnent upwards, two gTinfns, facing one
another, and IN the uppermost compartment,
two eagles The Academy is confident that
this, the first discovery of It's kind made at
Olympia, is destined to furnish an invaluable
link In the study Of the origins of Greek art.