The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-28

IfRE MASTER, IIRE MANA lettar-wrier iii
New York paper suggests that In many caaos
thoee book keepers and confidential employees
who are guilty Of Declarations may have learn
ed their lessons from their employer, care
full examination Of the subject, aud a report
thereon recently published In London showed
that In almost every case investigated the EN-
ploye had learned his trick from bis employer
only to play H. Ia turn. upon the person from
whom he had learned IT, The same result
would undoubtedly hold good in u great many
eases In this country. The st, Louis Times
remarks: Business Id this country is 90 full
of fraud of sham and of chlcanerv that II is
only natural the confidential agent should ac-
uuire from hls raeealy principal tho art If
ewindlina, nor Is 1t strange he should make
the principal the first victim Of the newly ae-
uuired art In many cases employees will I've
found to be honest in proportion 10 the honesty
of their employers The REGULATING clerk IL
only email reflection of the tricky dealer Re
formation ID needed more Al The Tor than the
bottom
TAXATION OF MORTGAGES A decision Of much
interest was recently rendered by The supreme
Court OF the United satea LII a case involving
he question Of taxing mortgages on real estate,
A resident of Connecticut held mortgages on
real estate In Illinois. and brought suit to pre-
vent the State of Connecticut from collecting "A
tax on the money loaned. he claiming that 4
Ak could not be levied on property not within
the State limits The Supreme Court decided,
hewever that the locality If a debt In tho place
where the creditor resides, and that Rueh local
I " IL not affected 40 far a. tho power ~ taxa
ton la concerned. hy the fact that the debt Ia
secured BY mortgage upon real estate ID an
.1EA ,v.I tnfa No Atafa boaa rtt41,f fay nah
debt, irrespective of the location of the prop
erty which II given ia security for tho money
loaned The court also decided that the Fed
eral government can exercae no supervision
over the discretion exercised by State In the
taxation OF such property. No provision Of the
Federal constitution is violated by such an OK
ereise of the power Of taxation. The ieciaion
lie important as a final settlement Of a much
veSed question In regard to the right of a State
TO tax property not within the State.
IMPORTS INCREASING. The imports are In
creasins at a rate calculated to soon set right
the remarkable disparity between our inward
and outward commerce. We learn from the
Commercial Bulletin that for the week ending
November Ii the imports Of foreign merchan-
disc at the port OF New York amounted To S.
t4o,ooo against a. a2s 600 for the same week In
1878. For last week their value was 900.
against Is, $50 900. Far the two weeks combined
the figures show All increase over last year Of
$a.21sooo. From the first Of January to Novem-
her the receipts Of goods at New York exceed
those Of the same portion Of last year by s4s,-
$4,000: besides which the imports of silver
show An Increase Of $at.tl4ne0. Putting to-
yelher the merchandise and specie, the in
crease for the eSnired portion oil tho year
amounts to se6.6T4 600. This Is very much the
effect VI the rise In prices III this country In
advance of corresponding rise In other ooun-
tries. which naturally brings goods hither from
NIL parts Of the world. The high range Of
prices, however. has the directly opnoste effect
upon our exportable articles. which being rela-
rely dear are the less available for shipment,
and hence the amount OF our exports begins to
decline. Ttthis movement should be continued
n few months longer. we may find the normal
relation between our imports and exports re-
stored.
BRINGING SUIT AGAINST 4 STATE.-A Ginein-
natl Gazette Washington correspondent is the
authority for the statement that the no ders OF
Tennessee bonds have been trying to induce
the United States officials to bring suit against
che State in the Supreme Court. to compel pay