The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-07


not due either to that city or State. hence the
fa1lacy OF the argument. This argum ent
proves too much for the purposes OF the SEN
ator, for by 1t could be proved that more than
six Of his Northern States paid nothing into
the treasury, as they imported nothing. III
the Senator had intended to be fair In his
statement, he should have told the Senate
that the eleven Southern States sent out Two
thirds of the exports of the country, winch
were the basis on which the imports were
made, which In turn was the basis OF the Gus
toms revenue OF the country.
The Speaker of the British House OF Com
mons has recently endeavored TO prove that
the present agricultural depression in Eng
land Is of an exceptional and transitory cnar-
acter, due chiefly to succession OF bad corn
harvests for the last four years, and 70 . &C.
rangement OF the meat market But accord
ing to Arthur Arnold wide the leading Eng
lish iournaD, who on one point 10 supported
bv Mr.. Card and On the other by the
statistics Of live cattle importation, both the
reasons assigned by the Speaker are at va
rance with the facts The only advice he
has to offer to the farmers Is that
they should concentrate their capi-
tai by diminishing the size OF
their holdings, plan which would also have
the advantage Of enabling them to exercise
personal supervision of their business, which
cannot be given on large farms. Not alone
among farmers, however, Is dissatisfaction
with the results OF free trade increasing. In
the manufacturing centres Proteetionists are
telling wholesome truths. One Of the annual
cotton circulars published In Liverpool has
this striking passage: "There has been a
growing tendency evinced In most countries
to protect their own Industries, and In every
such case we are the chief sufferers for we
live, as already said, by exchanging our man.
ufactures for the necessaries OF life. The
United States was at one time a large Gus
toner for our iron ware and textile fabrics,
but the hostile tariff she has enforced since
the civil war has nearly driven US out OF her
markets, and has built up vast system OF
manufactures which completely supplies her
own wants and leaves something to spare for
competition with us In foreign markets. The
| free traders OF this country console them
selves by thinking that she Is the chief
sufferer; but whether this be 50 or not (which
is very doubtfuD, the fact remains that her
markets are almost lost to u.s. and we on the
other hand are constantly more dependent
upon her for food and raw material"
A supplement to the american Ship" a
nautical journal published in New York. fur
nishes an elaborate table Of maritime disas-
tiers, from which we gather some interesting
statistics. This report shows the number of
vessels lost In transatlantic steam naviga-
ton from 1888, when the Sirius first crossed
the ocean. The general results are shown by
these summarizes The whole number of ves-
sels by the different casualties specified is 145;
| OF which never were heard OF after leaving port
26; wrecked on coasts, 80; foundered at sea, 6;
sunk at sea- 6 abandoned, 8; by collision
with icebergs, g.; collision with other vessels,
4; capsized, l. burned, IL. The loss OF life
by the several kinds of disaster, as far as as
certained was as follows: By missing yes
sells, $50: by vessels sunk at sea Including
loss by Arctic, 562l, 778; by vessels burned,
533; by vessels wrecked. 1,611; by collisions,
$50; BY vessels foundered, 10; BY other casu-
alties, 70; total 1902. 1t Is remarkable that
the loss Of life appears to have been made
| matter OF open record In the case Of only
| three out Of the twenty-six missing vessels
In the list given. These were the President
which left New York for Liverpool In 1871,
and Of which the loss - vaguely given as 200,
when 1t has always been supposed
to be much higher, the City OF Glasgow, of
the Inman Line, which left Glasgow for
New York Ia 1853; and the Pacific, Of the Col
Inns Line, which left Liverpool for New York
In 1856. The united loss by these vessels was
$50. The total loss, as given above, does not
include that Of the twenty-three vessels
against which the record is, Missing, all
| lost" AS far as can be judged from the
| character Of these, and from their points Of
departure, they were mostly transient ships,
| carrying few or no passengers. With an
average Of 100 persons to each, including
crew, the total loss Of life on the list would
be increased to $500 human beings. A critical
examination of the dates when the missing
vessels were built, and OF their time Of sail
ing, goes to confirm a statement made by the
American Ship, viz: that many vessels were
built on the Clyde and elsewhere in Scotland,
on mere speculation, Of cheap materials bad
~ put together, and wholly unfit to encounter
even moderate ocean storms. OF five that
left their ports in November, 1872, not one was
ttcl Ac61lA VI 0IOJI WcILu. = W. OLuCLo LII
lowed In 1874, two In 1877 and three In 1870,
and that Is the last known of them.
-4%\
FINANCIAL AND COMMERCIAL.
MONETARY.
OFFICE OF NEW ORLEANS DEMOCRAT.
Tuesday Evening. May 6. 1879.
NEW ORLEANS CLEARINGHOUSE.
Clearings. Balances.
May 3................ 1855, 516 n $78.693 Is
MAY 5.............. l2O5 $3.50 O8 103 93s 38
May 6................. 1,641, 446 IS 100, 924 70