The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-06

Sixty seven failures were reported during
The past month In New York city. with aggre-
gate liabilities Of s2,G53, 5s3 and assets $685. G3l
There Is falling of, both In numbers and the
amount of liabilities, as compared with the
month Of January In which there were 1877
failures. with liabilities amounting to s7,i13ooo
During the month Of February A petitions in
bankruptcy were fled Ia the United States
Court for the district Of Chicago against A. for
the month of January, The total amount OF
the failures foots up st.oo5.46 secured and
81. 1856 586 unsecured debts. an increase Of $3.50,
OIL as compared with the January state
ments.
Yesterday being q holiday, there was a very
diminutive amount of business transacted. In
obedience to the mandates of Rex, stores were
generally closed at u o'clock M, and preprfe
tors, clerks, porters. and their wives and chill
slren gave themselves up to jollty and the en-
ioyinent of the day. Steamboats, which. ordi-
narily, would have left to-day postponed their
trips until tomorrow, TO accommodate visitors.
According to the report of the Shreveport
Times Of the second instant the receipts Of cot
ton at that point up to date since September
foot up ss 322 bales. against s7,4ss for the same
time last year. The shipments were az follows:
This Year. Last Year.
Now Crleans npr river 80 100 81 ,53i
Hast NOR riyar ........-.- o
ITaat mar rail ........ $50 42G1p
Other ports, per rail. $500. III
Total to date...............sl, 351 s2,37g
memorial which has received large num-
Der Of signatures Of prominent persons and
firms In New York, Philadelphia. Baltimore
and Boston has been addressed to the Senate
and House of Representatives at Washington,
protesting against the bill to revive the income
tax. The opinion given la regard to this tax In
1871 by Il. Spencer Miller and William M. Evarts
is appended. but the proceedings then insti-
tuted to test its consttutionaly were abandoned
because the law was abrogatsd before decision
could be reached,
The debt Of the United States amounts to
s2,g14 900 o5e 80, less cash in the treasury sra
s6as21 s5-leavlng met s2,oi2.o37 129 90, against
s2,044, psf $3.50 90 ON lst of February, showing
decrease In the past month Of 81. 237 1e. The
decrease since 3oth Of June. 1871 is ss12l oo4 1s.
OF the total debt sT4e, 6e5 $50 bears per cent in
terest: sTo3, 2s6,65o bears per cent interest:
s2ooooo 600 AZ per cent s75 600 900 per cent and
$4,000. 900 per cent interest all payable in coin
Interest has ceased ST. 235 7Go and s442 1892 1874
bears no interest There are also outstanding
bonds issued to the Pacific Railroad Company
amounting to sG4,6235l2 bearing interest at 0
per cent payable In lawful money. The balance
In the treasury is composed of-coin. s13l 49,.
1856; currency, sa69o, 1885, special fund for the re-
demption of fractional currency, $40 900 900. and
special deposit of legal tenders. $685. 900: legal
tender notes outstanding, s34s $50 42G; fractional
currency, s7,1s0,6as.
We have mentioned the fact that the fifth an
nual convention OF the Butter. Cheese and Egg
Association is to be held at Chicago on the sixth
of March. The following, which we take from
the Baltimore Sun. will be read with interest:
This convention is important as representing
the dairy interests of the country, which have
risen to an important PLACE among business en-
terprises. The exports of butter from the United
States In 1858 were sos2il7 pounds va ued at
s54I 1863 and of cheese s,o9e 52T pounds, valued at
s791 80 From 1853 to 1877 the increase In exports
has been very great. Last year we exported
2l.s27,242 pounds Of butter, worth 9. 24als, and
OF this amount England received a very large
proportion, say lo5ooo 900 pounds of butter, and
e5.sdo.ooo pounds of cheese. Germany and the
balance of continental Europe absorbed about
10 per cent of the direct expectations of butter
and per cent of the cheese exported. The re,
mainder were chiefly to the West Indies and
South America.
Some idea of the dairy interest of the United
States may be formed from the Information
drawn from the recent statements Of the bureau
of statistics at Washington and other reliable
sources The milch cows In the United States
at the beginning OF the present year numbered
over II, 0n0,o goo These, at $40 each would repre-
sent eapital Of s4so,ooo,e 600: an and the money
cannot be less than 81 ,ooo,ooo,o 900 The total
make of cheese the past year is not less than
100000, 900 pounds, or say 100000 pounds for
each working day of the year. and is worth
836. 100000
The butter product of the country for the past
year was about eight hundred million pounds,
worth sls5 900 600, and the amount of milk used
fer household purposes and exported in the
sps % sonasss rls %b s Should bs n
in the quantity.and val ue OF our dairy products
IN the t future be IN the same proportion as
to doubt it,, the Importance OF the dairy in
terest as factor in the general prosperity of
the country will be great indeed
suit for s25 900 damages was filed Friday in
the United States Circuit Court i. BY Y, Messrs LIE
Ala, against Kehlor Brothers, Of this city.
From the petition IT appears that in April, 1876,
the plaintiffs purchased from the st. Louis firm
500 barrels of -four under contract the terms
being that the grade should be equal to that of a
previous consignment and known as Level
Best. The money was. paid. $ . per barrel,
however, a1lage that it, was not Level Best
but very inferior article and that they were
damaged in the sum mentioned by such nfe-
rior consignment.-ESt. Louis Times. Sd inst.
Oleomaegarine.
From long article from the New York cor
respondence Of the Hartford Comm Times we
make the following extract:
Prof Chandler reports to the Health Board
that oeomargarine is good and wholesome
article of food. This is strong card for the
butter They had already made good Roadway,
and succeeded in overcoming much of the pre-
iudice that prevailed when oeomargarine
was first put on the market. Now with
the certificate Of Prof. Chandler az. an adver-
tisement they are on pretty solid ground,
grown rapidly in few years. It now
takes rank among the industries of New
York, and it promises a steady increase. At
present there are over twenty stores for the sale
of olemargarne in New York, Brooklyn and
each tub containing the article to be distinctly
branded, SO that all persons purchasing may
know exactly what they are getting. 1t is
against the law to sell oleomargarine for butter.
and the Butter and Cheese Exchange watches
the dealers as sharply TO see that the law is
f,nnnlind with 9 Rnrrh watches the m Nh N