The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-02

a.
down much lower than they have ever done be-
fore. ---------
Z The losses by fire In the United States during
The month of January amounted tn IS s39, 100. Of
which ss,522,4 400 was paid by insurance com
|tpanies.
II In Georgia farm operations have commenced.
COnsiderable quantities Of fresh land have been
|taken In and larger area will be planted than
5Dyer before.
n There are about 1 OF 1000 operators engaged In
|2he iron Industries OF the United States The
N0ntire value of manufactured iron for one year
1s $500 100000.
Il For the first time In the history OF the Terri
cory Of New Mexico. the records OF the 1egsla-
live body are this winter being kept In English.
Instead Of as heretofore. In Spanish.
N The steamship Obsron cleared hence yester-
May for Liverpool with s2,412 bushels OF corn
| Id bulk. and the steamship Cambria, for Rouen,
|3carried away 47,21a bushels of corn in bulk.
The consumption Of tobacco Ia largely on the
Increase In Britain. In 1s41 the average con
ebumption was less than IA ounces per head Of
| HE population; in 1876 1t was one pound seven
and o half ounces per head.
State consols were quiet and weak yesterday
Int 737s@7sss. sl77, 500 we're sold s67 900 of which
brought as low as TAX. Premium bonds were
4 weak at 345a913lX. and stocks were quiet. OF
|lslty consolidated stf 900 were sold at 40]h@H.
It is stated that the debt OF 1870 cities Of the
Union is over ss44 900, and that that d. BIT has
Increased from 12312.o 900 In 1866 to 1914 1878 66s
il the close Of 1876, showing q total Increase OF
Upward of $500, 900 00o and an annual increase of
~. 900.
II According to recent and reliable statistics the
Total gross income Of Amer lean life insurance
companies. from organization to date is 81 3d.
$4,000. Loss TO policy holders by tho failures
IN the same time. s12.0OO,oO0. Proportion of loss
. 10 income per cent.
] The st. Louis Journal OF Commerce. OF the
ihirtieth ultimo, says: "A prominent
business man in this city is reported
10 have said that a corporation is now
peing organized In this city. with capital
stock OF $3.50 900 TO con truct here the largest
elevator In the world to be operated in connec-
Jon with the floating elevator at New Orleans
Ind ship grain products tom here directly to
Liverpool. without the Intervention Of any
:niddle n en-. Such IN enterprise is certainly
demanded by the growing trade OF st. Louis
Ind the West, and could not fail to be most
successful venture"
Vi The following, from the Chicago Commercial
. Advertiser, Ia quite encouraging: That an
.9mfnentiy gratifying restoration of confidence
IN commercial circles is TRANSPORTING is indicated
ny the general cheerful tone Of the leading
Journals of the West and South. The South
vas last year blessed with abundant crops
which were disposed Of at profitable prices. in
he main. and the spring business season in
1hst section opens more 6atteringly than any
3}fnee the beginning OF the era OF stringency and
lis.rust. In the Northwest the prospect Of a
marked improvement In trade and traffic is ex-
seedingly good. and business men wear much
happier look than has been their wont.
! The United States Consul at Bremen In O re-
ont report to Secretary Evarts In regard to the
DEVELOPMENT Of trade between Germany and
he United States. says Of the German boards
F u trade that all Of them agree that reduced
ariff. unchanged for number of years, and
laving fixed instead Of nd pa,orens duties. to-
fsether with specie resumption and the aboli-
Hon OF the present system OF invoicing would
Extend trade to much beyond its present limits. !
Increased production and high tariffs make 1t
dsar by year more difficult for German mer-
llants to export probably to the United
,ates." Mr.. Evarts has been investigating the
dances for American trade with foreign coun-
u les with great diligence during the past year.
Id he doubtless begins to see that the first
ep to get such trade is to reduce the tariff SO
at our foreign friends can trade with US.
gA recent decision OF the United States Su-
reme Court is important to persons taking
ht insurance. The decision Is to the effect tn at
promise OF the agent to notify the insured Of
10 time for the payment Of premiums does not
alive prompt payment. 1t was held that where
policy OF insurance provided for the payment
the premium upon Its maturity. and 1t was
pt paid. the default will not be excused by
pa that the agent of the company when ar
inging the application for The insurance,
ated to the insured that he would be notified
the time for the payment of premiums and
at said notice was not given. Such verbal
presentation OF the agent before the issuing
THE policy, 1t is said. is merged in the con-
pct contained In the policy. whose terms will
htrol. and constitutes no estoppe upon the
mpany against insisting upon the forfeiture
the policy.
The Commissioners Of the Freedmens
wings Bank swindle report that the total
abilities Of the company up to January were
,g6s s14 SO, and the amount OF the first divi-
end. declared November /. 1876 being 10 per
mt OF the last named sum. 1868. 7G2 81. OF this
sidend there had been paid January /. 1878. to
1895 depositors, at 80 branches. the sum Of
ss.37 %. leaving balance Of s6o.as2 6t belong
n to 36,3os depositors. due and uncalled for.
bducting this sum of $50 800 Ga from balance of
4nuary /, 1s7s-namely s377 .293 s1-eaves but
1901 IT applicable to the payment of a second
efdend. Yielding to the desire expressed by
sny OF the creditors Of the company to divide
" funds on hand rather than await the slow
.cumulation Of the additional sum necessary
a 40 per cent dividend. and interpreting the
Anguage OF the law as not necessarily prohibit
gthe payment of smaller dividends the COM
ssioners concluded In January last to declare
dividend of 10 per cent The payment OF this
vidend was commenced last Wednesday in