The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-16

states that there Ar, in Russia $685. sol facto-
RIGS and Industrial establishments working
with five and less men, and 3,Gf3 employing
from five to fifty hands. In these /, 667 104
establishments together there are employed
a.G25, g1s men and 37s,959 women, at wages
hanging from $50 to 5000 marks year.
The steamship Charles Morgan, from the
Chic river. arrived here yesterday with eli
hhds Of tobacco. which is the largest cargo Of
that commodity brought to this port by one
boat for two or three years past We note
this, hoping that 1t is an indication Of the re-
vival of the tobacco trade of our city a trade
which formerly contributed largely to the
commercial prosperity of New Orleans
Flow wonderful is the enterprise Of Amer
Rans In the matter Of promoting railroad
communication between tho different sections
of the country. A st. Louis man can now
take his departure for the Black Hills on
Monday. arrive at Dcadwood City Thursday.
there engage in dispute with representative
citizen, and have his body returned to his
friends in st. Louis within eighty hours!
The Cleveland (Ohio) Herald uses official
data to show that in elk Of our largest cities,
from 1860 to 1876, the local taxation was quad
rupled-from s15O0oO0O to $685. 900, and
the debts nearly quadrupled from $50 Ooo, 900
b $3O5,oO0,ooo. In fourteen Of our cities the
population has increased 10 per cent, the tax
Mble value 1856 per cent, but tho debt $40 per
cent, and the actual taxation for Stale, city
and county purposes increased 1853 per cent.
A bill is now pending before Congress to
3cffp thn at If Iar ,l,ar t,r lam
grants for railroad purposes, which have OK
pired by limitation, the roads not having been
constructed rs agreed and prescribed by law.
The Secretary of the Interior has urged that
some action be taken to enforce the forfeiture
or extend the time of building the roads. The
former action would work great hardship
upon many settlers who have gone upon the
lands, but at present there is no escape for
them.
Messrs. Small X 90 and Marks b Co have
received the following telegram from Rio:
Rio DE JANEIRo. April 10. 1879
Receipts coffee since preceding Saturday 30 900
Purchases for Europe same time. 5000
Purchases for United States same time. 16 600
Price OF 2. g. +. or good average cargoes 9IoO0
Stock. 100000
Exchange. ACKNOWLEDGEMENTS. 23A
London markets advanced i'd. Coffee in
Rading European markets firm.
New Orleans has sufficient reason to plume
herself upon the great and remarkable in
crease In her grain receipts during the pre-
sent season. OF bulk wheat we have re-
eeived up to this time 454 1874 bushels more
than last year; of rye 313,636 bushels, and of
corn 9, 401 .216 bushels in excess of the receipts
rirripry bo uo mo nar}pd Of 1877 Tn tb}o o,,,
,aection we note tho arrival yesterday Of the
steamboat Warner, with barges, from st.
Louis, with 4o, 500 bushels bulk wheat, SO, 159
bushels corn, and 1903 bushels rye,
The Mayor Of Cincinnati, in his stated mes
sage to the Council, advises the sale OF a large
part Of the corporate property to reduce the
city debt. He thinks $40, 100000 might be re-
allied from the sale of the Southern railroad,
fa,oO0,0oo for the parks, S1,5O000O for the city
wharvcs, $6,ooo,0 900 for the waterworks, etc.
The debt of the city amounts to S23. 5s4, 94s,
and the Mayor calculates that the property
specified would sell for $40 900, 900 or $40, Oo0,-
COO, enabling the city to reduce the debt to a
trif1e
Gold opened yesterday In New York at Il
premium, closing at %; here the auriferous
metal was early in the day at 14@H premium,
and closed at 49,. Gold Is slowly but
surely coming down to the silver and green
back basis, though there are some persons
who seem to think that it will continue at a
premium for a long time to come
The recent shipment Of gold to Europe
Eailed to advance the premium moro than mo-
mentarily when it was understood that the
oh; ohopc h,,n
another form, the effect on the gold premium
being at once neutralized. The New York
Commercial, in its money article of the tenth,
says:
THE balances to the credit Of our bankers
in London We're never so large in the month
of April MS at present. They are aecumula-
ting every week. They are not likely to de-
crease for weeks to come. The travelling
credits for the Paris Exposition, and the
turning in considerable amounts from abroad
make but little impression upon these bal
ances and upon the whole there Is no in
Euence ahead for the next three months to
make exchange or gold worth the premium of
The smallest fraction over greenbaGk notes,
already scarcer at bank than gold notes"
1t Is stated that a movement Is on foot
among national bank stockholders at the
North to secure the passage of an amendment
to the national currency law similar to that
in force in the banking laws of the State of
New York limiting the time for the redemp-
tdon of the circulating notes of defunct ma
Nonal banks. When one of these institutions
fails or goes into liquidation the stockholders
deposit with the United States Treasurer an
amount of legal tenders equal to the sum of
the banks outstanding circulation for the
PURPOSES of redemption. 1t is claimed that
i'm the course of circulation considerable guam
titles of the notes become lost or destroyed
The non presentation of these leaves surplus
Of legal tenders in the hands of the United
States Treasurer which the stockholders think
should be returned to them after the lapse of
@ Exad r,ar;nd cav five veara