The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-23

GuTlUl0S yesterday. 6JhUo COuSOlS Opeueu dU
7756@771S and closed steady at 771a617724.
The sales reported footed up only $4,000.
Premium Bonds were fairly active and easy
at 333S60331& Sales amounted to $277, 900, Of
which there was one sale Of $250,0O0 at 3324.
The quarterly statement of the condition of
the national banks Of the city of New York
contains some interesting features. The
gross liabilities show on increase Of about
S14,750,000, $12000,000 of which Is due to an
increase Of deposits. There is decrease Of
S14,250,000, or more than 50 per cent, In the
amount Of specie on hand, while legal tenders
show an increase of $7,50O0OO. or rs per cent,
and securities other than loans, discounts
and United States bonds, show an increase of
$7750,00O, or over SO per cent. Loans and
discounts show the slight increase of 81, $780,
900. The figures indicate the steady progress
of business revival
A company has been organized In New
York with capital Of $150,OOO, for the pur-
pose Of guaranteeing the fidelity OF persons
holding places of public and private trust.
An exchange suggests that such an institu-
ton can be made of great public good BY it
persons OF approved character, instead of be-
ing under the unpleasant necessity of asking
their friends to be their bondsmen, can, by the
payment of small annual premium, become
their own Independent sureties, and compa-
MES and employers generally be relieved the
uncertainties of private suretyships by hav-
ing bonds which would secure to them the
prompt payment Of any loss caused them by
an employee.
A G5 note of the Bank of England remains
in circulation only 70 days; then 1t "retires''
into some misers Golfers, and Is long out Of
sight. A e10 note stays II days; G2O, 81 days
G30, 10 days; E40, IL days; ESQ, SO days; e10O,
80 days; G200, 10 days; f1O0O, II days. A CEN
tury sometimes elapses before some of these
notes are again presented at the bank. On
the twenty seventh Of September, 1916, ESQ
note was handed over the counter, bearing
date January 20, 1743. American bank notes,
says th9fNew York Times, do not stay away
nom home for such long periods; II they did,
many of them would look In vain for the
banks that issued them when they returned.
The law Of Pennsylvania charges non-resi-
dent insurance companies doing business
within the State eight-tenths of per cent on
their gross receipts from business In the
State. In 1877 the gross receipts Of non-resi-
dent fire insurance companies in Pennsylva-
mia aggregated $8,741 ,9O5. After deducting
the total losses and expenses on Pennsylva-
mia business, there remained profit of $685.
244. Out Of this profit the companies were
compelled to pay taxes on the gross receipts,
amounting to 1886, and also tax on their
capital stock of $9O,52O, making a total of
ooiH IN fhn fa for foy on
cent Of their net profits.
There is an institution in Philadelphia
which Is the exclusive home of men who have
reached the age Of seventy years or over.
Among the fifty or more inmates Is Mr..
Drummond, who has been an inventor all his
days, and Is still at it, although he is ninety
nine years of age. His last invention is said
to be one Of the best, and 1t is reported that
he has been offered $4,000 for it. He says
himself that he thinks 100000 might be
made out Of 1t, but for the present will not
give to the public any information as to what
his new continuance is, except that it is for
use In the cotton and wooden industries Of the
country. He has patented in all forty-eight
inventions, among which was the first posi-
tive motion shuttle ever made. He has made
his greatest success IN agricultural improve
ments, of which there were six exhibits at the
Centennial Exhibition.
According to an exchange Japan has picked
up some of her ideas about finance in this
country. Her treasury department is mod
eled somewhat on our own. She has national
banks and paper money galore and foreign
debt of about $50 100000. Her money system
is decimal, and her "yen" the equivalent OF
our dollar. One trick Japan has not caught
from her intercourse with foreigners. She
has not learned how to repudiate. The inter-
est on her national debt Is promptly paid
Her per cent bonds were last quoted in Lon
don at LOG to 108, and her 8 per cents at III to
113. Japan in money matters Is not Turkey,
or Peru, or Venezuela, or Ito come home for a
comparison) South Carolina, She provides
for her coupons with foresight which any
nation might be proud to initiate. Strong in
her resources, Japan proposes to be independ-
ent of foreign capitalists in her future loans
She now makes the experiment by new
Issue of $12, 100000 per cent bonds, the sub
scriptions and ownership Of which are by law
limited to natives only.
A South Carolina planter writes to the
Charleston NelCs and Courier to dispute the
statement that the negro race is dying out
The mortality among coIored people may be
greater in cities than it was before the war,
but he denies that it is greater in the country
He has kept a record book of births and
deaths of negroes on his plantation all his life
and he finds that the average decennial in.
crease before the war was Is Der cent. and
that since the war, for the period between
1868 to 1878, 1t has been q per cent-a differ
enee too slight to be worthy OF notice. From
his own experience, and that of other plan.
tiers in South Carolina and Georgia with
whom he has conversed, he is of the opinion
shat the negroes in the Southern States are
not dying out as some persons imagine, anG
that the next census will show considerable
increase"