The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-10-17

amount Withdrawn In the same Time wa
SGT, 800. The treasury also holds St3, 5O8, 40
In United States bonds to secure public de
posts, and 81 800, 600 to secure subscription
to the 4 per cent loan. In the past week tn
receipts of national bank notes for redemp
ton In legal tenders amounted to S1574,O00
againt S33O2,00O received In the correspond
ing week last year.
The old gold and silver mines Of Spain-tht
Iberian mines that IN ancient times enriched
the Romans and the Phenlcians- now be-
ing opened again. A letter in the London
Standard gives the particulars of the opera
tiOns in the Galdames mines, ON the heights
about the valley of the Nervion, between Bill
bao and the Bay of Blscay The capital and
skilled superintendent are supplied by the
French and English. The Gadames Com
pany have their railway of fourteen miles,
with formidable gradients and considerable
tunnels, connecting the remotest Of the work
ings with the river. A pier has been construct
E" ed several hundred feet in length, where the
vessels lie at their moOrings to ship their car
goes, and extensive workshops have been
erected for the construction of rolling stock
and mining material In the course Of last
year the company exported no less than
&c., 900 tons of ore, and 1t Is estimated that in
all probability the tonnage Of the exports
will amount during the present year to half q
million. Nor Is 1t only In Biseay that mining
companies have been busy. Capital has been
freely introduced at Linares and elsewhere,
in the rich metallferous regions of Andalusia
and Murcia.
The long vexed question Of how to stop the
noise on the elevated railroads of New York
city seems likely to be solved by an invention
OF gentleman of that city. The inventor has
met with marked success in supplying needed
Improvements to English railways, among
which was the metallic car-heater AS an en-
glneer he knew from experience the great
value Of vulcanized rubber, and set about to
Increase its durability by a compound of his
own preparation. He constructed wheel of
American oak in four quadrangles, Or sec
tions, bolted together by circular flanges
with riyets Into this wheel the axle was
inserted by hydraulic pressure, while the
rubber composition that is to stop the rover
beration was placed around the edge as q tire.
The two tianges for the reception Of the rub
Der are two inches deep, and the rubber is
fastened securely by steel rivets with Iron
sockets. It is claimed that with this noise
less wheel a heavy train can be run on any of
The roads without being heard; and also that
= there will result from its use O saving of
80 900 q mile In the wear and tear Of the roll
ing stock. AS rubber wheels will not slip the
pressure OF the air-brakes will be lessened
and stoppages made more easily. The in
ventor is confident Of success, and Of It's ulti-
mate use by all the elevated railroad COM
pap'es. People living on the line of the sew
e.1al roads are almost as hopeful Of It's success
as the inventor.
The latest programme of Mexican annexa-
tion attributed to the administration Is the
seizure of the Mexican side of the Rio Grande
as far back as the Sierra Madre Mountains,
and the Northern Mexican States Of Chihua-
hua Sonora, Durango, Zacatecas and Snaloa.
We suppose If any territory is seized south
Of chihuahua, on the Rio Grande the States
of Coahuila, Nuevo Leon and Tamaupas will
have to be annexed, and they will make, with
with the Northern States, an aggregate
of annexed territory Of 385,544 square
miles, and 1,353,GGl inhabitants. The
Mexican territory Of Lower California
will have to be seized also. That has an
area OF 5e,033 square miles, and 81 ,645 nhab-
itants, We presume the administration will
wait until Congress meets before undertaking
this extensive land grab. AS no Republican
administration has ever had the courage to
protect outraged American citizens In the
neighboring republic, or ever dared to defend
the Texas border from Mexican robbers by
whaling every Mexican soldier and the brig
ands the soldiers protect in the IONA Lbre, |
hall
with the consent Of Congress, will not annex |
anything, but will continue to submit to the
repeated Mexican outrages, and thus encour-
age them as they have been encouraged in the |
past.
Chicago wholesale grocery house, which |
a few years ago carried sixteen drummers, at
an expense of $4,000 per annum and did an |
almost proHtIess business has abandoned the /
drummer system, spends one-fourth their
cost annually in newspaper advertising, divid-
ing the balance among customers AS
natural result. their trade has increased ten
fold, and the net profits to the house in 1877 |
were $dsO,ooo. This year they will do still
better.-St. Louis journal Of Commerce.
Tie drummer system has reached a climax,
and there will undoubtedly be movement
among wholesale houses before long to greatly
restrict If not to abolish it altogether, and to
fall back upon regular advertising as method
OF influencing custom. AS long as only few
houses employed drummers those few found
a great advantage in coming i'm personal con-
tact with retail dealers through travelling
representative, but now that the country
swarms with bagmen" and every jobbing
concern, big and little, has force of agents In
the field soliciting orders, this advantage is
lost, and there is no adequate return for the
heavy outlay incurred. A shaky firm, carry
ing on business in loft in q back street. can
drum as energetically as the oldest and
houses Cleveland Herald.
In many cities the climax has been passed.
and the advertising business is spreading In
quite a number of the largest