The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-09-11
Numerical and Financial Matters

snmark has never within the memory OF
had SO fine harvest.
Me British government is said to nave
no tons OF hay in store.
mere were 100 miles OF tunnel in Great
lain Id 1877, which cost 100000.
#he English pawnbrokers must not take
Id article in pawn from any person under
~age Of twelve years.
" few years ago Daniel Drew was worth
U or six millions. The other day judgments
Ainst him amounting in the aggregate 20
v 258 Is were sold at auction in New 1ofh
$500.
English steel pens are almost entirely made
#yomen. In 1820-21 the first gross OF three
4 steel mems was sold wholesale at CT As the
-. I'm 1880 they had fallen to IS, and in
ID to 6s the gross. A better article is now
Il at Cd per gross.
Pho consumption Of coal in London is
idly augmenting, both in an arithmetical
u a geometrioal ratio. Thus in 1S41 the
assumption was within 900 tons; in 1851
Sincreased to s3,5OO,oo0 tons, in 1861 to
,275 tons, and in 1877 to 5000, TOO tons.
u manufacturing purposes alone 100000
As are used annually in the huge city.
-~~--
Mhe teacher is not without honor In his own
&lntry, If that country happens to be
Ssnce. The French Republic has established
ind Of LOG, 600 francs to enable all the gov
#hnaent schoolmasters throughout the land
Gravel to and stay a given number OF days
the Paris Exposition. This Is not done for
. pleasure OF teachers, but for their in
AUCTION That 100000 francs is well in
#bted. -
The supply Of horses seems from some re-
MT statistics to be very uneQually divided in
Ss world. England is reported to have in
sund numbers 2,255, 900; Germany, 3,S52oo0;
hstria, $500, 600: the United States, 100000,
#d Russia 81, 100000 horses-ahout one to
cry four OF her population, AS the mass Of
S1ssians are very poor, nature may have
FINISHED the extra number of horses to give
j lose the opportunity expressed in the pro-
Srb, s'Put a beggar on horseback and he'll
DE to the devil"
i THE New York Daily Bulletin reports that
he of the leading blackboard exchanges has
sioDted the limited liability plan on con-
Racts. and issued the following notice: eve
sserve the right to cancel this contract by
saying to the purchaser per cent Of the par
alue OF the stock in addition to the amount
pceived'' The proprietors say the new plan
for the purpose Of protecting themselves
som panics or from corners in the Stock
Exchange. It is probable that all the other
blackboard concerns will adopt a similar
ystem
/ The expectation Of specie has wholly ceased
suropeans are sending back our bonds
s,arcely fast enough to cover the balance Of
B,ade against them, During July, 1877, We
Exported more specie than we imported by
{, ATS, ESQ; in July, 1878, we imported more
han we exported by 1901, OBS. Inseven months
Il last year the excess Of exports over i'm
eorts Of specie was 25,044,912; in sever
honths of 1878 the excess of exports has beer
Tnly 1901, 055. The coinage Of gold and silver
suring August was S., 500 400, which is added
o the currency Of the country, not dollar O
L having been exported.
WEAK RESERVE OF THE BANK OF ENG
tASD.-The Bank OF England weekly return
ss1led this afternoon indicates slightly in
sreased strength. The reserve OF notes in thu
banking department Is now tribe owe
g 100000, or about $500, 600 better than 1t Wa:
/ fortnight ago, and, including the coin re
serve, The increase on the week has beer
$685.. 900. In other words, there is now tota
banking reserve of G9, 275,000. This is yer.
,na1l' considering the probabilities of tn
aot very distant future; but there IS son
Lround for satisfaction in the fact that the
Ser cent rate has had a sensible effect. IN
principal gain this week lies, however, IN th
decrease Of the banks liabilities. Both tn
public and private deposits nave fallen OH
reducing the liabilities of the bank by abou
81. 900. 600. At the same time the government
securities have fallen off g100,0o0 and TIL
'tother'' securities FL. 1854, 900, so that larg
amount must have been repaid to the bank b,
the public, and the reserve thereby III som
measure strengthened. The proportion OF re
serve to liabilities IS now 80 per cent, a rise
b per cent since last return, and the ban
NAV therefore be said to have gained conSld
,rabIe strength. No bullion has however
baan as vet attracted from abroad. and theT
IS, therefore no ground for making none
seally cheaper London Times, August 20
a NEW KIND OF TEA.-Teetotaler and tn
dvocates OF temperance generally will be Ii
Earested to learn that a discovery OF an in
aortant nature is reported from Asia Mino
II plant which produces tea OF excellent qua
Nv has, il is stated. been found growing /
sundance, but in a wild, uncultivated STATE
Il the neighborhood Of the city OF Irebizone
!, a made from the leaves of this plant Is sal
y Dossess all the virtues and aroma OF tie
Il 1wn in China. Two thousand 'okes" weT
4 eedily disposed of in the local market tn
ler day, chiefly to Perstans, who are ,grea
drinkers, and. recognizing the merits c
: Trebizond tea are buying the produce {
n newly discovered plant and sending 1t {
ID at twenty pisastres the oke, but
operly prepared would fetch a niue
rher price. The villagers have hilbert
d 5rely dried the leaves in the sun-a process
q hich leaves the plant with all its natural bii
rness. The Governor Of Trehizond, foreset
d 10 the great advantage TO the country wh1c
likely to arise by encouraging the groWt
d the ea-plant, has asked the government
KnDuI the forest dues if demanded by tn
Foods and forests authorities on the groun
nat. the leaves of the plant being picked frol
ne bushes growing on the river banks, tf
#.ew industry does not fairly come within th
operation Of the forest laws. ON the othf
hand, tax OF 20 per centum is talked OF
@sbout to be imposed on the production
i-1fS