davidaulloa/AmericanStories huggingface dataset:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
Harris Loan Office.
CANCELLATION OF BONDS.
EXECUTIVE DEPARTMENT,

EXECUTIVE DEPARTMENT !
State OF Louisiana,
Whereas. L. a. HARANG, of the parish OF
Jefferson. In this State. has applied to me for
the cancellation Of the following bonds, to wit
| i. One bond subscribed by him as principal
| during the year 1872 with Manuel Lombard
A. K. Johnson and John r. Beals as sureties, in
the sum Of five thousand dollars and one bond
subscribed by him as principal on the nine
teenth day of May. 1875. with Manuel Lombard
and Amos Morrison as sureties. in the said sum
of five thousand dollars. conditioned for the
faithful performance Of the duties of said L. A.
Harang as treasurer of the parish school board
for the said parish of Jefferson right bank.
2. One bond subscribed by him, the said L. A.
Harang, as principal, on the thirtieth day of
March. 1876. for the sum of twenty thousand
dollars, with Michel Zeyer. Jules Samuel and
Henry Yiering as sureties, each for the sum of
five thousand dollars, and r. L. Mathews and
John Hepting as sureties, each for the sum Of
twenty five hundred dollars, conditioned for
the faithful performance of the duties Of said
L. A. Harang as tax collector for the said parish
Of Jefferson.
Now therefore, I, FRANCIS T. NICHOLS,
Governor Of the State of louisiana do hereby
issue this my proclamation. notifying all per-
sons therein interested to show cause, in
writing at the Office Of the Secretary of State,
In the city of New Orleans, within ninety days
from and after the last publication hereof. why
said bonds and the mortgages resulting there
from should not be cancelled and annulled, and
the above named sureties discharged from any
further responsibilities In the premises.
Given under my hand and the seal of the State
Of Louisiana, at the city of New Orleans. this
eighth day OF July. in the year of our Lord one
thousand eight hundred and seventy eight.
FRANCIS T. NTCHOLLa.
By the Governor:
WILL. A. Strong,
Secretary Of State, iva Sots
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
New York Failures.

Itrom the New York Sum-
There is no denying that trade is dull
throughout the country, and merchants are
in anything but good spirits. Large numbers
OF manufactures are closed, or are working
on half time, or with greatly reduced force,
and many Of the finest Of them, built ten or
fifteen years ago. may now be bought for a
quarter of their cost.
Mr.. Edward Atkinson Is of the opinion that
we have seen the worst of our business
troubles, and are about to enter on a period of
prosperity. He bases his encouraging pro-
phecy on the facts that the balance of trade is
IN our favor, our manufactures have been so
reduced in quantity that the stock of goods on
nand is comparatively small, and the cOndi-
tlon Of our finances has steadily improved. 1t
may be added that the crops, both North and
south, promise exceedingly well, and The pros
pecLS OF Democratic success In the elections
tor congressman next autumn give us reason
10 anticipate continuance of only modified
extravaganza at Washington.
But the first six months of the wear show q
remarkably large number of business failures
In this city alone there were during that
time 514 such failures, in which the apgTe1ate
liabilities amounted to S39 O30 795. with fine
assets 81, 012,662 For the whole of 1877 the
total number of failures was only SAT, with
Liabilities of $51, 687 900. The large increase of
the present year Is, of course, chiefly due to
the desire OF embarrassed merchants To cet
the advantage of the bankrupt law in advance
of its repeal. But among the shipwrecked
firms are some OF long standing, which, until
recent years, were rightly regarded as thor
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

ouphIy sound financially, and as conducted
on the most conservative business principles;
Still, depressed as business is just now, ano
small as Is the margin Of profits, it Is not In
so lamentable condition as this great num-
Der OF failures would seem to imply. A bitter
experience OF losses has taught merchants TO
be sharp In their scrutiny Of credits. They
are also able to conduct their business on
reduced scale of expenditure, and the economy
which nearly everybody has been obliged to
learn and practice since the panic OF 1873, has
lessaned the draft made upon the counting
house for personal expenses.
Among the failures are twenty three OF
brokers and bankers whose liabilities foot up
to $685. 26O, with assets of not tenth that
total Next come the carpenters and build
ers, fourteen of whom failed, with liabilities
of So, 1913, DAT, and the beggarly show OF only
S144, 234 assets. The disasters among these
are Of course due to the stagnatiOn in real
estate and the decline In value of all sorts Of
buildings. Yet at the present time the num-
Der Of structures going up in the city is re-
markedly large, for the cost OF building Is
low, and idle capital has accumulated In the
hands OF owners OF great estates. Yet we
find seven failures among lumber dealers,
whose liabilities are ST. lat 1913 and their assets
only $104,9
The failure Of Dunning, the note broker,
brought to ruin seven drug houses, with LA
bilities reaching 81, 537, 153, and assets Of
about O. third of the amount. This branch Of
trade has been very fortunate and lucrative
one in the past, and great fortunes have been
madeout Of 1t, but it now shares the disasters
which af1lct other kinds of business. The
boot and shoe trade has also suffered severe
Iy, the number of failures for the six months
being twenty-one, the liabilities S1,388O76
and the assets about half that sum. Among
the failures were three very large and promi-
nent wholesale houses. The matters and the
manufacturers of hatters' goods have serf-
ously felt the strain of the dull times, six
teen of these having failed with $1,040,A6
liabilities and S3s7,707 assets. The business
Of railroad contractors was never at so low an
ebb as now, and it is not surprising to~find
that five of them succumbed during the six
months, with liabilities of 81 ,34O,682 and as
sets of little account.
Among the other failures were twenty
three manufacturers, liabilities St,412,965;
four shipping merchants, $946, 1866; twenty
six grocers, $97S, 495; nineteen liquor dealers,
S8O9,088; three sugar-houses, 81 ,150, 313; four
teen jewelers., S50s, S26; two actors, $4,000 !;
one editor, 1885; five lawyers, $201 1874 |;
one minister, $55 900, and four physicians,
S224079 1t is gratifying to record that there
were but seven failures in the dry goods
trade Of the city during the half year, and
that the liabilities were of the comparatively
small amount OF S471 ,504.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

CoRN-The stock is Light and the market
firm, with a moderate demand. Sales-2O0
sacks mixed at 48c, so yellow at SIC, and $50
white at SEC ~ bushel
OATs-Demand fair and prices steadier
Sales 800 bags Galena at 36c, and $50 st. Louis
at 35c % bushel.
BRAN-Inquiry light and market steady.
One hundred bags sold at 60c fB Cwt.
HAY-Is in light demand. Choice $130t4
prime $11812 fB ton.
BULK CORN-Quiet and stock fair. No. Q
mixed 421a6l43c y bushel.
WHEAT-Receipts small and demand light
at 85095c for Texas and choice No. Western
WHIsKY-The demand for this article Is
moderate and in prices scarcely any change
from day to day. We quote choice Cincin-
natl 81 0501 o., fair to good Western 81 020
l 03, Louisiana $1011 OF.
WOOL-Demand good and prices firmer.
We quote bury 9010c, Louisiana clear 900
&c, lake 23G1231ac B h.
BUTTER-Fair stock and In moderate re-
quest. New York creamery fine 22025c New
York dairy prime 2O@22c, New York dairy
ern dairy 11t015c fg h..
CIEEsE-Is in light demand. New York
cream 10t811c, Ohio factory 607c % ID.
PoULTRY-Old chickens 81 So; young
$293; ducks $203; geese 1904; turkeys $50
sTARCH-In fair demand at 90314e in lots.
POTATOES Western at 81 5001 rs % Dbl.
or Louisiana potatoes there Is small
stock, with fair demand; prices steady at
81 75G02 % Dbl.
ONIONS - Western 81 5Oa1 IS. Louisiana
onions are In moderate demand at 81 50t01 Is
u bbl.
SWEET POTATOES Nominal.
CABBAGEs = Are easy. Louisiana cab
bages are quoted at $203 - box.
,BEANs-Northern 3034c. Western 21a0
2224c R b.
EGGs-Western 8012c; Louisiana 12015c %
dozen.
RICE-Firm; demand good; No. 2 43l05c,
common 60614c, ordinary 61a@659c, fair 6%
@6zac, good 7@71Sc prime 7Z@725c, choice
TIC u b.
SAIT-We quote dealers prices from their
warehouses at $4,000 - sack for coarse, 81 O5
al 10 for fine. Turks Island dull and neg
lected; held at 30032c y bushel Table salt
in pockets 134071ac each, as in size.
COTTON TIEs-Are quoted at 50 25 10 bundle,
with discounts according to quantity,
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
FINANCIAL AND COMMERCIAL.
MONETARY.
OFFICE NEW ORLEANS DEMOCRAT, /
Friday Evening, July 10, 1873.
NEW ORLEANS CLEARING HOUSE

Total this week .-.... s6045. 557 SO 1916, 04S As
The offerings Of paper at the banks for dis
count were small to-day. On the street a
small business was done In securities, and
rates ruled steady.
We quote exceptional paper 7@8 y cent; Al
do 9@10; second grade do @; loans on
collaterals 5@8; Al mortgage paper 5000;
second grade do @ % cent per annum.
Gold dull.
Foreign Exchange quiet and easy.
Sight steady.
State Consols firm at 777S@78I.
Premium Bonds steady at 333s0331a.
Stocks quiet.
Gold opened in New York at 1OOL and
closed at 1905 Here it opened at 10O260
1O0I and closed at 1002S01O05s. Sales $4,000
and $1,000 at 1907, and $1,000 at 1905.
STERLING-Bank bills 4S684S7, CONNER
cial 4S361484. No sales reported
FRANCS Bank francs -, commercial 5.18A.
SIGHT-Bank counter rate "a, commercial
and bankers 3-1G " cent discount.
STOCKS.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
MARKETS BY TELEGRAPH.
tBy Atlantic and Pacific Telegraph oompan,

NEW YORK, July19, II :05 a. m-Coffee quiet
no sales reported; cargoes- Ordinary f25l 013,
fair 15119@1524, good 16g1611{, prime i61a0164,
lots 141a918. Raw sugar easy; sales-1060
al SIG; refined sugar easy. Linseed oil IS
@57.
$50 p. m.-Coffee dull; sales-51O2 Santos
per Undine on private terms. Raw sugar
easy; refined sugar easy, yellow 71S@815,
81, standard crushed 81, powdered 81, gran
ulated 91aa, cut loaf 10.
Cotton firm; Middling liz; receipts 40;
futures quiet.
CHICAGO, July 19-Wheat opened to-day at
852S0851s August Corn-381 August. Pork
SO 30 August, So As September. Lard
6.921e@6.95 August, 1921 September. Later
Wheat-97 July, s51086 August, 8314 septem-
Der. Corn-SSA asked August, 38AQSg6
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
COM w e RCEAL.
OFFICE OF NEW ORLEANS DEMOCRAT. |
Friday Evening, July 10. 1878.

Friday Evening. July 49, 1878. J
| GENERAL REMARKs-This has been warm
day-in comparison with what our Northern
and Western friends are experiencing, COM
Portable day. There is no noticeable change
! from the usual business dullness that prevails
here at this season.
In Cotton to-day there was difference OF
opinion among buyers and sellers as to its
value; consequently, Notwithstanding the
good demand, the sales of the fieecy staple
amounted to only $50 bales, the market closing
| firm.
The receipts Of Flour during the past week
footed up 1890 lbs, about 1000 less than
the previous week, and $500 lbs more than
the receipts for the same week last year.
The better grades of old wheat Flour have
been in demand, and these being principally
in the hands of dealers, there are few offer
ings on the market Holders Of other grades
seemed disposed to be free sellers at our
quotations.
The supply Of Corn Meal during the past
week has been short, and the demand being
good prices have improved about % cents u
Dbl.
The supply of Pork being only moderate,
the market as steady, the price Of Mess Pork
has undergone no noticeable change since last
| Friday.
Throughout the week the supply Of Dry
Salt Meats has been limited, and an advance
Of 1sc has been established.
During the week there has been light
stock of Bacon, and that fact with the low
prices superinduced speculation, and Bacon
has advanced AC11Sc since last Friday.
| CoTToN-The market opened with good
| inquiry, which continued throughout the day,
! but buyers and sellers were apart In their
views and transactions were confined to $50
bales. The tone of the market at the close
| was firm.
| The weeks movement aggregated 5000
bales, the greater portion of which was sold
at the advance Of nc noticed yesterday in the
| Democrat.
The following is the official closing of the
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

The st. Louis Republican comments in very
strong terms in favor of the proposed COM
mercial convention in November at New Or
leans, and says:
AS st. Louis is virtually interested in the
success Of all the measures alluded to, would
it not be an act of graceful courtesy to invite
Gen. Bussey to visit this city and address the
Merchants Exchange and other commercial
bodies on this subject? An invitation from
the Merchants Exchange would doubtless be
cheerfully responded to, and then the matter
could be discussed and delegates appointed to
the convention. One thing is quite certain ::
II the West and South cannot unite in earnest
Petition for such legislation as is absolutely
pet IT,
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

closed at ~ % cent. Exchange steady at
1881 asG486za. Gold opened at 1907, declined
1g0Ia,. and closed at 1905. Governments
cific Railroad bonds closed as follows: Union
firsts 105340106, land grants 108A@1O8S
sinking funds 1887 010414, Centrals 10555GD106.
In State Bonds, District Of Columbia 3-65's
Gold clearings at the N. B. S., N. Y.-Gold
balances, 50, 6O4, 555; currency balances, $780,
493; gold elearings, SCOTT, 000..
LONDON, July 19.-Bar silver So 13-16d
% ounce; consols for money 50 7-16, for ac-
count 95 9-16,
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
RAILROAD DEPARTURES.

Among the departures by the Mobile fast line
were the following: 81. Brown, New York: Mrs.
VIM. Woelper j D. Rause and fami y. Niagara
Falls; John Schwetzer and wife, q. III. DIS Ia
Grange and wife, Europe via New York; Thos.
Pickles and wife, Miss Pick les. ,Waukesha. Wis;
a. L. Roderezes. 4. b. Sweir. Europe via New
York: J. A. Sweir. Chattanooga, Tenn: TAYLOR
Webster Waukesna, Wis: Fl. Billiard. Henry
Clostermann. Europe via New York; L. Il Up
ton. Memnbis; O. j. Waller. O. NJ. Cone, st.
Louis; 0. 3. Chapman. Louisville.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

The Washington Post says the report that
Secretary Sherman has reversed the decision
of Solicitor Raynor in regard to the owner
ship of the gold left in Southern banks is not
correct. Although he has reversed that por-
tion of the report which recommended that
the suits begun be dismissed, the Secretary
does not call inquestion the soundness or just
ness Of the legal findings of the report, but
deemed it best that the cases should come to
trial. By the direction of the Secretary the
suit is still before the courts. The suit which
is test one, is to recover from ex-Gov. VIM
Smith, of Virginia, $500 In gold which had
been paid out to Smith as Governor at the
evacuation of Richmond.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

OCEAN FRE1eHTs- quoted as follows
By steam-Cotton to Liverpool Cd;
to Revel d.; to Bremen ID; to Boston,
Providence, Fall River, Philadelphia and
Baltimore, via New York, Ne; TO New York
20; grain to Liverpool As Sd, and - to
Bremen y quarter.
By safl-Cotton to Liverpool ODD; to
Havre &C; to Bremen &C; to Genoa &C;
grain to Liverpool I'D.
SUGAR-There is fair inquiry and the mar
ket Is firm at higher prices.
We quote: Inferior O.; common to
good. common 7@755c; fair to good fair 725@
SC; fully fair SIC; prime SIC; strictly
prime SIC; gray clarified ,z@-i yellow
clarified, as in quality, 9@91@c; off whites,
good to choice, 94c; white clarified 925@91lc.
MoLAssEs- demand Is light, but in
consequence Of the small stock prices are
steady.
We quote: Common 22025c; fair 25028c;
prime 3O032c; strictly prime 36@38e; choice
40042c.
FIoUR-The receipts Of -four this week
have been 12,340 bbls; last week they were
1891 bbls. and this week last year 1875
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

The Board of Directors. at meeting held an
the nineteenth day of January. 1873, after vet
ting aside $4,000 TO reserve fund from me nek
earnings Of the year, and paying 10 Der cent
dividend TO the stockholders, have resolved ~
pay CASH DIVIDEND OF TWENTY-FIVE
PER CENT on the net earned participating
premiums Of the year ending December d
1877, said dividend payable on and after Mons
day, the twenty-eighth day Of January, 1874.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

The statement that the Attorney General
Of the United States had given formal opin-
ion to the effect that the Secretary of the
Treasury had no power to redeem greenbacks
with specie prior to the first of January
next, is contradicted. A dispatch from Wash
ington states that the Attorney General and
the Secretary agree that an exchange of cur
rency cannot be made until the date fixed by
Congress The Secretary of the Treasury
has, however, the option Of paying coin In
liquidation of any claims against the govern
ment and it is said that the smaller gold
coins are likely to get into circulation in this
way.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

The British government will require an in
crease Of revenue this year over last of about
93, 100000 but the returns of the quarter just
ended show falling off of about 100000.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

In securities yesterday there was but little
business done. State Consols closed firm at
77zS01781d, showing no change in price since
Thursday. Premium Bonds closed steady at
33}560331a, against 49, 411331G the previous day.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
Commercial and Financial Matters.

The annual report of the chief engineer of
the Philadelphia water department shows the
receipts OF the department to be nearly $780,
900 above the expenses an excellent showing.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

Two mining companies were recently incor-
porated, with an aggregate capital Of $780,
100000, to operate principally in Nevada. An
other company, with capital Of S1O,O00,000,
was also incorporated to operate In Idaho.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

In Georgia there were during the past six
months sS failures, with liabilities amounting
to S1,523,562, against Sc failures, liabilities
$703,696, during the first six months Of 1877.
In the second quarter Of 1878 there were In
Georgia 81 failures with liabilities Of 1868, 772.
Alabama counts 25 failures in the past six
months, against 80 in the corresponding
months Of 1877. In this respect Alabama
makes finer showing than any Of her sister
States. The increase in the United States is
Is per cent on 1877.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

New Jersey takes the lead in the States in
the manufacture Of window glass. It has
thirty-four factories Pennsylvania has thir-
ty; New York eleven; Massachusetts, Illinois
and Maryland each five; West Virginia and
Missouri each two; Indiana B. and Michigan,
Wisconsin and Iowa one apiece.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

The sources of receipts have been from Red
river, Ouachita rIyer, Arkansas river, Chicago,
st. Louis and New Orleans Railroad, and the
Mississippi river and other tributary streams,
giving total net receipts of 736 bales, against
1913 bales this week last year, and / 1868, 1868
bales since first of September, against /, u.s.
020 bales same time last year. Adding re-
ceipts from Mobile, Texas and Florida, the
gross receipts are found to be 1888 this week,
against 1915 this week last year, and since
first of September 1865 952 bales, against
1872, 039 bales same time last year.
Cotton on shipbOard as per account Of the
Cotton Exchange is as follows: Liverpool
2260 bales, Havre -, Bremen -, Mexico 50,
Spain ~ Mediterranean =, coastw1se 1 !:
total, 1918 bales This taken from the stock
at noon, as noted at the Exchange leaves in
presses 10 300 bales.
The exports since September to date from
New Orleans have been as follows: Great
Britain 815091 bales, against 681 ,419 last year
France 1926, 406, against 326, 479 last year; other
foreign ports 304 648, against 49, 791 last year,
and coastwise 239,376, against 18O,132 last
year-maktng total foreign and coastWise
of 1864, 521, against 1857, 821.
The receipts at all ports, consolidated, as
per kilograms to the Cotton Exchange, show
totals from noon yesterday to noon to-day of
GIL bales, against 1901 bales on last Friday,
1122 last year, and 1875 the year before.
The movement at ports for this week, up to
IL m. to-day, Is given below:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

From general reports the tobacco crops OF
Lancaster county, Pa, and particularly that
portion Of it growing along the Susquehanna
river, will be the finest ever cut in that county.
The prospects in York county are also very
Hatte ring, as far as heard from.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

The Springfield (Mass) Republican says q
marked testimony to the revival Of New Eng
land agriculture is afforded by the business OF
the Western railroads, which feel the shrink
age in the amount of corn and other pro-
visions and fodder of Western growth for
merly consumed at the East, even upon the
farms. The Republican says the acreage of
cereals must have increased largely in New
England in the past three years, and the
cheapening of vegetables, poultry, eggs and
butter from the increase in the home supply
is apparent in all the cities and large towns.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
See notice to landlords in want column.

Those who are DESTROYS Of saving money In
the payment of State taxes and licenses ought
to patronize Mr.. Edward Peychaud. whose Office
Is at letter @, Caller Court. for with his expe-
rienee he is enabled to effect the best settle.
ments. He has always on hand warrants for
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20
MONEY TO LOAN


DIAMONDS. JEWELRY WATCHES. SILVER
WARE. PIANOS. LOOKING
AND FURNITURE OF ALL
DESCRIPTIONS,
And all other personal property. Guns Pistols
etc. Also on Stocks, Bonds and other collat.
erals, In large and small sums, at as low rates
OF interest as any chartered institution In this
city. PLEDGES KEPT ONE YEAR.
Harris Loan Office,
43............ .BarOnne street............Aa
Opposite the N. o. Gas Co..
MAURICE j. HART, Agent.
n. B.-Parties not being able to call In person
will receive prompt attention By communica.
ting with the above.
ALL BUSINESS STRICTLY CONFIDENTIAL
The business at No. 40 st. Charles street,
known as 'Hart's Brokers' Office" will be con
tinued as her stofore, ia20 1V2dn
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

Sworn to and subscribed before ma this
eighteenth day Of January, 1873.
4. TNGRAHAM, Notary puE,lie
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-20

At meeting Of the Board of Directors. held
on the tenth day Of June. 1878, 1t was resolved
to declare cash dividend Of twenty per cent On
the net earned participating premiums for the
year ending May 81, 1878, payable on the third
Monday Of July next
Also. to pay to the Stockholders, on demand.
interest at the rate of Ave per cent per annum
ON their stock.