The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-09-21

of Improvement In England, ID still weighed
down In Scotland by unremunerative prices,
and over fifty furnaces ID various parts Of that
country have recently been blown out More
than 10000 cotton operatives are now out Or
employment at Ashton on account Or the
strike ut that place against q further reduc
tinn.
Among the immigrants who arrived ut New
York the other day In the steamer Helvetia,
from Liverpool we're ninety four persons, in
Guiding eight families from Yorkshire. Each
OF the heads Of the families had about 600
each, and all were Of much better class than
are usually found at Castle Garden. All bnt
twelve Of the party sailed for Galveston by
the Morgan steamer. In Texas fourteen
will settle ut Lillian and the rest at New
Philadelphia. They say that the crops In
England are worse this year than they have
been for twenty years. and consequently they
became discouraged and determined to try
their fortunes lii the United states. They say
that large parties Of immigrants will follow
from Yorkshire.
The st. Louis Republican says: Consider
able shipments Of currency ore made from
this city To Southern points by registered
mail, one remittance this week consisting Of
fifty $1,000 bills, that denomination being sent
at the request of the bank to whom the re-
mittance was sent. There Is at least one In
snrance agency In this city which insures
such shipments Mt ~ 80 per $1,000, where not
more than $4,000 liz sent on any one day, and
there are other agencies III New York which
falr rfa fhap nr,s, lfnn
of having been insured In New York upon at1i-
davit describing each particular bill shipped.
The express rates for currency shipments to
tho points, In Texas and elsewhere. to which
these mall remittances are made ID SD 30 per
$1,000"
At the recent meeting 81 the Social Science
Congress at Saratoga Mr.. Robert r. Porter
of Chicago, read an Instructive paper upon
"The Growth Of the Great West" He said
that the dark green strip Of land beginning
with our eastern boundary limo tn Indiana,
sweeping with widening course across ILL
nois, Iowa and Missouri, far into the State of
kansas. was the great corn bolt Of North
America. which. with the smaller corn area Of
Michigan, Wisconsin, Minnesota and Ne
braskn. produced III 1877 1926, $500 worth Of
corn A second glance would reveal the more
evenly distributed fields Of ripeaing wheat,
valued In 1877 at $2Os yg2 854. Browsing silent
~ In the vast expense Of green meadow land
were millions OF cattle, tho prodne-
s125.0oO.00O. Busy with reaper and
mower In the rich grain fields were 1000, 900
human beings gathering the precious products
III the generous soil. not only for the use Of
those within the line, but for the markets Of
tho world outside Situated here and there
over tho Wide expanse Of prairie might be
dlHcerned large Industrial centres black with
smoke and resonant with the clang Of ham
mers from 100000 manufactures, and the muir
muir Of innumerable wheels. The natural
treasures Of the region were laid ut the
door of the great workshops. The iron
districts Of Missouri lay bare mountains
of iron ore Illinois, with one-seventh Of
all the known coal on the continent,
Wisconsin and Michigan came m almost
exhaustless supply ut timber. But for alI
this the community was MI agricultural one
The greator portion Of the population was an
nually accommodating wealth by improving
their farms raising stock and building houses
and barns. Year by year these farms were
IN number and settlers were
spreading further West. Mr.. porter's figures
ID regard to the agricultural and munufac-
turing resources OF the West are considered
reliable and be has succeeded In proving
that the working classes Of that
section arc better off than the same classes lii
the East; that manufacturing enterprise is
extending, and that every year
adds to the area Of productive land.
The Petit journal Of Paris says:
The deposits for the seventeen years before
tho war showed n very marked increase in
tho material prosperity Of the country, their
annual progression being about 3O.ODD,O00
fta,.cs. After the war the deposits fell sud
denly from 720,0oo,O0O francs to 515.OOO,00o
francs III 1872, THEN they begun to RISE grad
llnlly to 535,000,00D francs In 1873 and to 573-
100000 In 1874. At this date successful efforts
were made 10 propagate the system OF the |
savings banks, and tho deposits rose to GEO.
Go00DD francs III 1876, to 769,00O,0OO francs In |
1876. TO s63.0OO,0DO francs in 1877. and To O10,
100000 francs iii 1878. Thus, IN the space Of
four years, tho deposits have augmented
t37 900 900 francs. No deposit Is allowed to |
exceed more than 1000 francs; when this sum
IL exceeded the savings bank purchases rente |
which 1t delivers to the deposition. The reason
for this is that the government pays higher |
Interest than the ordinary rate on the money
lii the savings banks.
THE ENGLISH COTTON TRADE.-The loss
occasioned by the recent rise In cotton has
fallen about equally On sptnners and WeavorS. |
The inducament to stop producing Ii at pres
bnt about the same In both cases. The exc
cution Of contracts on hand will doubtless de
lay the closing of mills for d little time, but
the margin OF profit Is SO wretchedly poor
that there Id no reason for entering into fresh /
until there ID q reasonable
Of drop In cotton or an advance In
goods. At present neither Of these contin-
xencies ID expected, but later In the year some
In both directions may be rea-
ypnably hoped for. The Oldham limited |
have issued circular calling |
meeting for the thirteenth instant to discuss
The present ruinous state Of trade which |