The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-12-11


all the high grades
Provisions yea arday commanded hit litlo
attention. The feeling weak and tho trRd-
nR light.
Among the imports yesterday by Tho steam
ship City Of Nj xioo. from Mexican ports. we
notice 69o sacks OF coffee, cases mud Il pack
ages Of specie.
Since 1855. when the law requiring the sllnois
Central Railroad Company to nRy into tho State
treasury. In Lieu of MI taxes. 7 per cent Of ita
gross earning went into effect, Illinois haa re.
enived STpas76R ri receipts Of tln3 0lt. 45I A..
Financial Reform League has been formed
In Canada for the purpose Of urging farla-
ment to issue an independent money and cur.
rency which will not Interfere with any exist
ng contract. but Will be legal tender for all
public and private debts.
s,ate Consols closed strong yesterday ut a..
eGatss, against 40 aGDah'. on Tuesday. with aaios
of sl4, 900. Premium bonds closed ut Ip@2ps
against 29i4@29'. on tho previous day. with
sales of sal 900 At New York yesterday there
were sales Of $4,000 Louisiana Oonsols ut 49,.
and $4,000 at A..
Transactions In the New York Stock Elk
change have again fallen below the former
averages of tho senecn. as the large operators
are engaged in riveting together the material
previously acquired into suniry monopoly sys
tens fresh outbreak may occur any day.
in the present everwrought temper Of the put
lie.
THE GEORGIA MINIS There has heen Il sur
DriEing development Of tho gold fields nf
Georgia. From d Yield Of slonooo In bullion
four years ago. the Yield Is now over flOoooNo
persannum, and is rapidly increasing New
mines are being opened and new veins discov-
cred, The mining operations extend from
OGlethorpe and Wilkes on the right. to the Ala
bama line on the left leaving little doubt that tho
whole Of Upper Georgia s rich with gold bear-
Ing quart.
The circular issued last week by tho Secretary
OF the Treasury ut Washington asking for pro
posals for the sale Of a. 900 900 Of the Gs Of 1881
caused some stir In monetary circles and ere
ated some dissatisfaction In New York among
bankers, some Of whom favored tho application
of surplus revenues to The cancellation of
Rre6nhGcks. rather than to the purchase Of
bonds. 1t seemed TO he generally understood.
however. that Congress would not be willing 10
authorize the destruction of any portion Of tho
legal slender note circulation. aud therefore tho
treasury department WAS not disposed TO raise
the question.
GBowESG MORE TEMPERATE The total pro.
duct Of Hpirituous liquors Ia tho United States
for tho Last faca year was over d gallon To
every inhabitnnt of the country: but while tho
population has Increased noary thron-fold
since 1s4e the amount Of spirits distilled has
Increased but 50 per cent. while worry much
larger amount Of alcohol IL used In tho arts and
manufactures. Tho total production LOT nlono
D. tn I1,,.
the increase Of population. nnd shows that tto
American people arn yonrly growing moro
temperate In the use Of sprituous ltlnors.
whatever may be said e. tho contrary.
THE TRAnr DOLLAR Tho proposition in ro-
gard to the trade iollnr II that for three
months the trades should he tnkau III By lilo
government uaying dollar foF doaf Ia green-
backs gold or standard dollars and That tho
trades then ha troRtod as bullion and used In
tho coinage Of standard silver dollars. After
the expiration Of three months those TINT ~
maiued might ~ ~ China" To call Thorn iii
and use them a. bullion IL only honest They |
were issued hy tho governm,at a. dollars; tho
people raid for them az such: thoy contain !
moro silver than the present dollar ana viii /
pay for the exchange. They have ACROSS their |
face what the constitution haH not In God wo |
Trust" and the quicker they are retired tho /
more TO our credit.
BosToNs DEnr.-The debt Of Boston amounts /
TO 42369si6 protected hy sinking fund OF I
sic 13a $50 invested In city bonds and other 80
curities. which reduce the debt to s2G2l9 Gf8.
This debt is stationary or reeeding as the pay
ments Of the existing debt keep pace with tho
new loans for aqueduct and sewer extensions
The average outlay for such public improve
ments ranges from $1,000 oo1 to 81 oooooo an
nually. while the revenue from the productive
property Of the city suffces 70 meet Its interest
on its debt and to keep down the principal
without the mid OF the assessment. The inter-
est on tho debt Of Boston contracted mt various
times during series Of years. averages not
far from - per cent but liz recent loans for
renewals ana for public improvements boar
from ts. per cent. is credit having boon
preserved BY its payments IN geld during the
q specie payment.
NEW ORLEANS STOCK E&eHANGE.At The an-
nual election held Yesterday for officers Of thn
Stock Exchange. tho following officers and
were elected:
president-A. Deivaiile.
Vice president-E Chasanntal
Second Vice President-W. s nfNAn
Treasurer-P o. Fazande.
secretarY-A. A. Brinsmade.
Arbitration Committee-H. 4, LeSaa4far
chairman; T. s, Barton q. Townsend. 90
Bigeiow. ]. L. Herwig
Bond Commi'tee-E G. Feinour. chairman
q. W. Conner Horn. Roehl. A. Britttn. W, E
Iuger.
Finance CommIt,ee-E Il. Keynes. chairman
z. Laboufsse IT, f. B9nis.
Qa7tat!cn tammittee-J NJ. SELVES. chair
man; Z Da Buys. L. Chassauio. B. T. Peters,
!. Townsend
Membership Committee-A Delyaille, chair
nan: George Binder Isidore Newman Jacob
Newman O. H. Hyams. II. F. o. schaefer. W. ).
leYan, ], l.. Gautisr L. Burthe.
RESUMPTION OF SUBSIDIARY srLyER-A COM
,arison OF the June aud December statements
f treasury assets and liabilities shows the ef- I