The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-24


TO. arrived here yesterday with s4os bags Of |
coffee. -
OF the cargo OF the steamship Agia Sofia, /
which cleared Yesterday for Liverpool. we o.
tice 24o21 bushels Of corn in bulk and $3.50 bales
Of cotton.
State Consols yesterday sold at one time as
low as 7eA. but closed at 77@77h-the sales
amounting to 100000. Premium bonds closed |
weak at aszs S3sh. the sales footing up. as re-
ported. $500
Secretary Sherman says the balance OF trade
In our favor during The past three Years
amounts to STA 034f6s. This means that within
this period the people Of the United ates have
sold over 800 100000 more to the world than 'hey
have purchased This Is q mtst gratifying
showing. -----
There wss but small amount OF British cap
ital invested in new American railroad loans
in 1877. The Baltimore and Ohio Railroad had
to endure good deal Of delay in placing the
$4,000 900 loan thy negotiated through r. Il.
Morgan & Co.. bat they finally succeeded. The
oily other extensive American railroad loan
taken up In London WIS one for s1,5oo,ooo
through Morton. Rose Co., to repay the pur-
chase OF the st. Louis. Rockland and Chicago
Hallway.
The New York Bulletin publishes stats
tical statement OF the hog packing business OF
Chicago for the past season. and In r terring to
1t in another column remarks: Tue direct
shipments from Chicago to Europe. the large
volume OF which attracted so much attention
last year. show ia ling of In bacon and hams
ofss,o0o boxes. but an increase If $1,000 pack
ages In lard. Upon the whole. and considering
Abe extraordinary crop of last year. Chicago has
not held its position IN this branch Of the II ade.
Eaters OF meat will find fool for refee ion in
Nhe report OF the cattle inspector at Buffalo for
the month OF February. which was handed in
TO the Common Council OF that city on Monday
last. From the inspectors return it appears
Mat OF the animals arriving at Buffalo. many
Of them en- roMs for New York. 1917 WEI Q dead
and 114e were crippled. The inspector in con-
versation with reporter. said that the manner
In which the stock comes In Is n shame and an
outrage. II is eai ried from Chicago to Buffalo
without a rest. or anything to cat or drink by
the way: and. what is worse, many Of the poor
animals a"e left In the yards for three hours
without being watered or fed. and are then re-
loaded and shipped tn New York"
The coinage Of ira !e dollars since they were
authorized by the act OF twelfth February. 1873
up to March !, 1873. has been 1874 615 $50. The
Ban Francisco Bulletin strongly opposes the
propoeed abolition cf the trade dollar, Tn de-
tense of the maintenance Of that COIN it says:
It IA folly to say TINT China would hive taken
the same amour OF liver rom ns in bars at
the same price. W. knoW'o INC contrary. and
The trade dollars sent o Oh nt have not taken
the place Of SO much f'ne silver. but I'VE been
Ia addition thereto and hav gone int G rcu-
hation. supraning, In 2 measure. the Mexican
dollar In some parts Of that entira. 1t liz 81 BEL
ter coin than The MeAi an dollar and as its
~teH tnnn ~ in. In ,,1.,r
ssteem.. il is known mat the thtnrse
are peculiar end are, are strong strong in their
Is a wonder that the trade dol ar has made
such progress as it has ,mong them, There
is one thing about M ney. however. that the
Chinese can coDpr bend through all their pr :
JUDGE and supers tition. and that t., that the
dollar containing the II ost grains Of silver, If
line finish Of the trade dollar and the regulariiy
Of its fnen. ss. in addition to lis increased
weight. gives it decited, preference over The
upon the China md East India markets as far
more desirable for the placement of silver than
the MARKET hs Any m tns tends
not be regarded otherwise than as inimical to
the best interests of this country.
The tariff bill has been greatly improved by
the Ways and Means Committee of the United
States House Of Representatives since it was
blocked out by the chairman. Wood. A gentle
man who has examined 1t in its new shape
writes as follows concerning it:
The tariff bill which will be brought into the
House toward the close OF the present week
will be q great improvement over the bill in its
original shape. and will be entitled to receive
the support Of al except the extreme protec-
tionists. Those. OF course. will oppose It. Some
OF them think the present tariff not high nor
cumbrous enough. Neither, will the bill satisfy
the extreme free traders who w" " probably
tee ss'G and 9TH their Chairman. Mr.. Wood. have
been DESTROYS to secure two objects-tir.,,
to insure a sufficient revenue, and, second
to libera'e, commerce so far as possible fir m
needless shaokl and enable our own manu-
facurers. with the help I cheapened raw ma
teriais. to sci! their surplus products in foreign
markets. 1t is conceded by almost everybody
in Congress that our mnnufa turers. with i'm
have got to the point where: If they are &c
employ their machinery and operatives on
fnIi time. they wi inevitably produce more
will take up for consumption The surplus
production is not great certainly not above II
market. deranges prices, stops factories and
workshops throws in tustripus arti sans out Of
employment or forces them to work half time
for part of the year and thus perpetuates the
depression In industry all over the country
because the operatives thus unemployed neces
ssay less than ba they wou
is designed to remedy these evils wthou
ut the same time making any extreme or .dlca
changes. such rs would IT, ure es abished inter
ests. It Is natural that manufacturers III MET.
branches. even If they are now doing but poorly
should be alarmed at propos lions OF chanRe
the effect OF viii h they do not at once compre
bend. and which must they fear, put them a
any rate to some trouble, But very con
servaiive spirit has guided the committee. ant
even those who would have PR ferted create
changes have readily admitted that II was v ises
to begin slowly ana vi e"re
A Merchant prin, es Tomb.
The tomb under he chance of the Cathedrs
Of the Incarna ion. at Garden City on Lon
late A. Il. Stewart. is in form a rolygoD. wit
sixteen sides, twenty two f. ct in diameter an
twenty feet In height. Each an 10 is ornament
ed with a pillar Of variegntei marble snr
mounted by deliberately scu ptur"d hat
capitals. from which vii spring the v"ulted RIB