The New Orleans daily Democrat., 1878-08-09

Df GnB country Ii HOW LII ble bh4dS VI NoA"
anans The Boston Advertiser publishes a
special edition in Spanish to push Boston
goods In South America.
Rich mines of gold, copper and lead are
said to exist In Lincoln, McDuf1ie and Colum
bia counties Ga, o number Of which have
been worked profitably for years. From one
mine monthly yield OF from $500 to $500 in
gold was reported last year, the cost Of work
ing the mine not exceeding 800 per month.
From another mine nearly $1,000 were taken
out between February / and May l, at q cost
of $500.
The Secretary of the Treasury has issued
che sixty-fourth call for the redemption Of
fiye-twenty bonds, amount So. 100000, principal
and interest to be paid on and after October
40, and interest to cease on that day. Since
the above call was made the subscription to
The per cents have been remarkably heavy
and of sufficient amount to warrant another
call for tive-twenties, and the sixty-fifth will
probably be made early this week,
French the new auditor of railroad accounts
has begun the examination of the financial
condition of forty-four railroad companies
limited States or received loans In the shape
oil government Endorsement. It Is understood
that the Central Pacific Railroad Company
intends contesting the constitutionality of the
act under which this auditing business Is
authorized.
The Supreme Court OF Tennessee has de-
cided that "the lien of lawyer on land for
bu nf
the court in the case in which the services
we're rendered, is entitled to priority of salts
faction over the lien of Judgment creditor
0f the client, acquired by subsequent decree
of the Chancery Court, sale hereunder and
purchase of the land, where the bill to enforce
the lawyers lien was filed before the sale Is
confirmed.
A circular has been issued by the Secretary
Cf the United States Treasury relating to the
importation OF articles subject to duty by
tourists and others returning to the United
States. The circular contains list Of arti-
cles that are exempt from duty, and the rate
Of fguch articles as are usually brought in pas
senger's baggage. Officers Of the customs
and consular officers are instructed to warn
passengers Of the regulations and of the PEN
alties imposed for violation of the law.
In the division Of the vast estate Of Michael
Reese the Jewish millionaire, who has recent
iy died in San Francisco, charitable and edu-
cational institutions receive $440,oOO while
Ghe great bulk of the enormous property will
be divided among persons residing in Chicago.
The will has not been filed for probate. but it
dS stated that, with the exception Of about
100000 devised for public purposes, the eight
millions will be distributed among the five
surviving sisters and their children In that
city and the heirs Of deceased sisters.
The Chicago Tribune says: "Some sharp,
enterprising businessman in the North will
most likely catch O. hint from the present
lack OF ice in New Orleans, and take meas
ares to supply the market another year.
Those companies that manufacture ice in that
city reduced the price so low that it was un-
profitable to ship it down the river, and when
they had driven out all competition they then
raised the price to an exhorbtant figure.
The people are loudly protesting against the
monopoly, and the opportunity to make
money in the business next year will be
good
The owners OF surplus money throughout
Che country, for want OF better investment,
are buying the new government per cent
bonds very rapidly. The First National Bank
OF New York subscribed on Thursday and
Friday last for $5,0o0,OO0 worth of the new
government per cents, the same to be divid-
ed among insurance men, savings banks
and financial institutions of the metropolis.
The Bank of Nevada, California, subscribed a
yrr x1,x,, ~, g>,, r.
same bonds, payment to be made in standard
silver dollars, the proceeds of recent sale by
the bank to the government of 100000 ounces
OF silver for coinage purposes. Since the
first Of April last, when the per cents were
first put before the public, the sales have
reached $d0,000,000. Their quotable value In
the market is 1oo1a01oO5S The total amount
outstanding of the per cents on the first of
the present month. as reported by the Secre-
tary of the Treasury, was s112,oeo,ooo.
There was deficit of 15,OOQ,o 600 marks in
the German revenues for the past year. 1t is
charged to the account of the general depres-
sion In trade, and was made up from the re-
serve OF the French indemnity. But this re-
source cannot last forever, and the tinanciers
OF the new empire are soon to hold meeting
at Heidelberg for the purpose of devising
means OF relief. AS usual with the official
class In such cases, increase of revenue is pre-
FerTed to reduction of expenditures, and an
other turn of the taxing screw will doubtless
be taken upon the depressed trade and indus
Try of the country. The Prussian finance
minister is said to have prepared measures
for rapid increase of taxes, and the smaller
States-the petty flies that walked so cheer |
fully into the Prussian spiders parlor during |
the war with France-will have to ''grin and
bear" the consequences of their complais-
ance. A great deal of money is required to
maintain the most powerful military estab-
aishment in Europe, and the Germans must
pay for the glory of it,
The obligations of railroad corporations in
respect to the delivery of baggage to passen-
gers travelling by the same train with it are