The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-31

name of European celebrity, lost 100000 a
cards last year in that city.
In collection OF old postage stamps SOLE
lately in New York. So rs was paid for
charleston Confederate stamped envelope.
The steamship Agia Sofia, which cleare,
yesterday for Liverpool, carries out, in add
ton to 1900 bales OF cotton, 25,71A bushels o
corn in bulk, 800 barrels of -four and 233 hogs
heads of tobacco. ......
The fears of widespread failure of ths
wheat crop in Kentucky from rust have with
in a few days given place to expectations of 9
fair yield. Fields here and there upon the
uplands alone appear to have been materially
affected.
The government has spent over 81 100000,
600 fighting the Indians since its foundation
between 5000, 900 and So. 100000 have been ex-
pended annually for years to take care OF
them, the greater portion of the money going
into the pockets Of contractors rings and
agents.
Yesterday was field day in State Consols.
the total sales in and out of the Exchange
amounting to $500 900, and showing further
decline of s40n1. The market in these securi-
ties is quoted at 727s073ls, against 73'4@N
ON Wednesday. OF Premium Bonds. Sl25,oo0
were sold the market closing at 33' 1854
against 337 sla341a on the previous day.
The financial condition of Russia does not
present very encouraging or brilliant ap-
pearanoe Her foreign loans are held by the
Rothschilds, Barring Brothers, and other
English and certain Dutch bankers, and they
amount to about $sOO.0000O0. No further
money can be borrowed abroad by Russia at
present, and she will be thrown entirely on
her own resources. The outlook Is not fiat
tering, as IL is understood that the Imperial
Bank has more than 1000, 600 paper rou-
bIes 1874 900 0O0l in circulation against spe-
Gle reserve Of $116,OoOooo.
A decision by local court in Pennsylvania,
90 the effect that the counties In which tho
riots of last summer occurred are responsible
for the damage DONE has filled the people of
Allegheny county, in which Pittsburg Is sit
uated, with alarm. The prospect OF being
compelled to pay $4,000, 900 or .0oo Is not
pleasant 1t will, however. be a good lesson
for the people In the future. Property hold
ers who know that they must foot the bills will
not stand idly by again when tramps and
rioters are burning and destroying the prop
erty OF others.
England has approached nearer to free
trade than any other nation. Tariff reforms
were inaugurated in 1910 when the customs
tariff comprised about 1900 articles subject to
duty The imports, which were $31O.O2O.00O
in 1870 rose to $761 6l5 265 in 1850. to 81 ,052.-
654, 365 in 1860, and in 1876 they had reached
the enormous figure of 81 ,s75 773540. The
exports, which were $3.50, Gas, $50 in 1S40 rose
to $579, 1876 AGO in 1850 to 1922 ,755 in 1860.
and to 81 1888 1893 O10 in 1876 -or an increase Of
imports and exports Of 2G7 per cent In thirty
six years These are results which stagger
the protectionists. They cannot answer them.
The New York Chamber of Commerce has
made it's issue with Mr.. Vanderbilt. Its COM
mittee has made report asserting distinctly,
and in the face Of Mr.. Vandcrbilts declara-
tion. that the merchants Of New York are not
upon an equality with the more favored
rivals. and that the inequality is duo In part
to the connivance of Mr.. Vanderbilt's roads.
The committee express qualification at the
passage by the New York Assembly Of the
concurrent resolution initiated by the Cham
Der Of Commerce for the appointment Of a
committee of investigation regarding railroad
determinations, and predict favorable action
upon the resolution by the State Senate
According to the Washington correspond
ent of the Louisville Courer-Journal the ma
4;opoI 10 MIC bo Va hacn hocia0inU Gonuracu al
the winter to remove tie tax on their capital
circulation and deposits. Mr.. Beck on the
twenty-seventh instant offered bill to repeal
the tax on their capital and deposits but i'm
posing o tax of % per cent on all dividends
over per cent, and 50 per cent on all divi-
dends over 10 per cent. The banks have been
asserting that the present taxation is onerous
and ruinous Mr.. Beck says that they wanted
this taken off without any equivalent; that if
they are in such bad way. by reason of the
present tax, they can certainly afford the tax
proposed by his bill. 1t is q test OF their sin
eerity They will either have to lend to the
people at a low rate of interest, or pay tax on
the excess of earnings above 81 per cent.
Senator Davis, of West Virginia, is bank
officer, trained to the examination of books
and accounts-is reputed to be cautious
prudent, truthful man. Well, this gentleman
recently arose in the United States Senate
and declared upon his personal responsibility
q readiness to prove that the public debt
statement had been altered to the extent Of
5000, 900, 900 or more. This is not loose and
reckless statement Senator Davis has been
q member of the select committee to investi-
gate the books and accounts of the Treasury
Department, and he thus speaks from accu-
rate though perhaps not complete information
He made this statement as a preliminary to
a request for permission for his committee to
sit during the recess to continue the exam
nations.
The reasons for the heavy decline Of last
week in wheat are thus sketched by McLaren
VI ~