The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-16

The dividend of eleven-e ghteenths of one
per cent recently declared in the bankruptcy
case of Thomas Rowe. of New York, whose
liabilities were S2ai,554, is the smallest on
record. The managers of the Freedmans
Savings Bank might have beaten it, however.
If they had been given a little more rope.
There was but little done yesterday in State
or city securities The sales OF State eonsols
footing up only $4,000 and premium bonds
$4,000. Consos opened at Tia, and closed
strong at 7714@7711Ss, against 76s40177 on the
day previous, and 771a0077s4 on Monday.
Thirty-hve shares of Canal Bank stock were
sold at 93la, the quotations Of which on Fri
day last were a2la bid and "a asked.
On the shipment of tobacco from the West.
the New York Bulletin h rs this to say: EN-
ulating the efforts Of the Western cities to
ship grain by the New Orleans route. the to-
bacco shippers propose to try the same ex-
pertinent The freight rates by the water
route are said to be much lower than by rail
to New York. One of the largest houses in
st. Louis has lately been taking an active in
terest In the matter. and has issued a circular
advocating the shipment of tobacco to those
markets by way of New Orleans and inform
Ing the public of the efforts being made to
perfect such arrangements with river trans
portation companies and ocean steamship
lines, as would enable them to secure q lower
through rate of freight from here to Liver
pool and London by way of New Orleans
than by the way of New York The parties
however, were unable to make any definite
arrangement for ocean freghts, owing to the
possibilities of rates rising In case of Euro
pean war, In which case there would be moth
ing to gain by the new route"
The estimated aggregate value of the crop
OF only nine agricultural staples is upwards
OF 81, 400 0Oo,0oe Add to this the value of the
cotton crop of 1877, which amounted to S247.-
100000 and the amount reaches to S. SAT OOO.-
900. With the miscellany not specified the
grand aggregate would doubtless reach
50O,00O,000. or $50 for every man. woman
and child In the country. This gives about
$500 per capita for every individual who &C.
tually labors on a farm. It takes less, SAYS
the ST. Louis Times, than $500 per annum for
food, clothing and incidental expenses of
the average farm laborer, whether owner,
renter or employee including, but not
counting, those dependent on him. There
are about 100000 persons engaged In agri-
culture proper This would leave 5000, 900 900
of net incomes. Not one-third of this sum
remains with the land owners and their en-
ployees. The balance Is eaten up by taxes
on their tobacco, their corn manufactured
into spirits extortionate railroad freights,
and tariff duties upon nearly everything
they consume. and SO directly or Indirectly
goes into the plethoric pockets of the money
and manufacturing monopolists, mostly in
the Eastern cities and States. II Congress
does not do something to remove the burdens
uniustly heaped upon the industrial classes
of every character before 1t adjourns there
will be rumpus with the Western plow boys.
The New York World says:
The amount of United States bonds in the