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

4
eral He holds. however that the United sates
| cannot bring such a anlt against n State
INTERNATIONAL PosrAL CARps The Post
office Department has made arrangements 10
| place upon enle on The nrat or Dacember inter
national postal cards. Their price In two cents
| md they may ha uead without additional post
| nga ~ any country which Il Il member III TIE
| postal union The cards nre printed IN blue.
hut IN other respects are alm'lnr 10 the cards
nav In local Nan. The revenue derived from
the sale Of these cards forms mart of the
| postal revenues of this country The Iatest re-
ports from various officers indicate that about
| twice ns many postal cards nre mailed to for
| efRn countries from the United States Az come
! from abroad Hitherto the senlera Of postal
cards to foreign countries have been under the
necessity Of anixing all additional one cent
STAMP.
Conn IN THE WEsr The corn crop Of Iowa
| nnd Knnans IL generally good. but Illinois will
| have some shrnnken frosty spots and such
| localities viii not he ne goed as other sections
| " the country. TIE corn consumption will he
greater this aenson than heretofore, the mining
| regions of the West requiring constantly great
| er aupnlies. Stock raisera ore feeding their
| stock more literally than usual. and one farm
En- who has l2onn acres W land. has devoted
Afoo acres to the cultivation Of corn. MI Of
witch will he fed to his stock. Each year shows
n larger amount Of corn being converted Into
beef pork and mutton, and less shipped In the
raw state II hns taken farmers long time to
| be convinced If the fact that there is money In
western farming ia stock raising. ns well as lii
growing grain tp he hauled 70 market
1 TuE TEXAS PACIFIC RAILROAD. The board of
| directors Of the Texas Pacific Railroad met IN
| Philadelphia on Saturday last. and considered
matters of interest to the company. The atate-
ment that On. Scott would "a that dlv sign 4
| contract for the extension Of the road to Fort
Worth, n distance Of 76n miles was not verified
| Ey GOV Brown vice president. said regarding
such contract. that negotiations looking to
The building Of the road "a lei Faso. a distance
| Of 600 miles aud ita pnsalhle extension to Fort
| Worth, have been IN progress for some time,
hut there was nothing At present tn warrant
| the immediate execution of such n contract
Propositions have been made to the board III
this matter, but until satisfactory arrange
ment could he agreed upon nothing would be
| done. Mr. Brown added that AAA miles m tho
| road we're In successful operation.
| "A SIGNIFICANT Ltn1-The New York Com
| mareiai Bulletin If the twenty second instant
aRya: In the merchandise markets there II n
significant lull In speculation. II Ia unmIs-
| taxable that prices have reached Il point Mt
| which buyers for consumption begin to hesitate
and resort TO nakeshlfts In sugars there have
heen ~ transactions of moment for three aays
Coffee Ia coming In much faster than II Ia going
out. Butter hes touched the point at which
olGnmargnrine again becomes available Iron
IL Welding under the offare Of speculative
holders and The competition of foreign SUP
plies. Aud thus the conditions Of a reaction
from the late advance run through nearly all
The markets. 1t IL not reasonable to suppose
that such M extreme advance "a has occurred
within late months can be maintained. lin
dnuhtedly prices at the beginning OF the year
we're depressed m,l ii below the level consistent
with a healthy demand but the subsequent
rise has carried them Just az far to the opposite
extreme, mud symptoms indicate that the pro-
cess Of reaction toward moderate level has
already act IN
REpoR1 or THE CuRRENrY. ~ have received
an advance copy ~ tha annual report of Mr.
Knox, the Controller OF the Currency from
which we gather coma interesting atatlstine
The report shows that In all q4ea national banks
have been established up to November L az
which oo7 have gone into voluntary liquidation
Ing 2o6n III operation. Included In these are Y
national gold banks IN California, which reoag-
niSe no money of redemption but gold Sinoa
the lnat report 40 hanks have been organi7ni
whose authorized capital Ia 81, Bes OoG mud who
hbve received s29an, 40 In circulating notes
During tho same time M banks have volunta~
rlly wound up, whose aggregate capital was
Az, 500 .0An
Eight banka have gene ont IN the last year by
failure having a capital Of Al 900. The capi-
tai Of the national banks IN operation June Il ,
1879, was s4h5. AA AIS: their surplus at same date
STA, 100000: their net deposits. s7l9 4os $40. Tho
average deposits of al other banks Including
savings banks. were siiso l22, as5. or these were
ga savings banks having no capital whose de-
poaitH were s747 ,Nf2 o6T Thus the deposits ~
State aud savings banks and private bankers
exceed those Of the national banks by more
than third. The total number Of banks and
bankers IN the country In June was Gaeo with
capital Of se5f. 4aF, 800, aud deposits of st,spa
F2G,4T4
Tho aggregate capital of the national hanka
has been reduced about s4l .00o 900 since 1876 A
greater rate If reduction has taken paco III the
capital Of Rtato. private aud savings banks
Tho aggregate reduction of capital III all IA
sF2, ono: reduction of deposits In the Same
deposita IN of savings hanks without capital
being sa1 200 900.
The amount of currency Id the country "a
November /, 1879. IL Thus stated.
Tho old forms of tables, giving the amount
and Kinds nj cnrrenov ia circulation. arc now
obsolete. and must be superseded by now ones
which shall include not only the paper onrren-
ey, but also the coin Of the country. The total
amount Of he circulating medium cannot. Tor
this reason ba hereafter .ocuratetv given. such
total haiDE affected n ut
Of the COLI In the country. The latter amount
a estimated by the Director Of the Mint to have
henn tour hundred and twenty seven mi lions
on the first day Of November In thts year, of
which amount hundred and twenty -One
millions was In silver coin. II this estimate IL
correct. the circulating medium on that date
was composed as follows:
Treasury notes outstanding ...,.... ss4G 6s1 ,olG
National bank notes outstanding 33T 1si als
Gold In the Treasury. less certih-
Gates held hy the h inks. ..-........ Is7pf0. 1g3
Silver in tho Treasury ..,..--...ts.., .07S $40
Coin In the banks October ~ ...-+.. 42I73.T4l
Estimatad amount Of coin held by
the people. .-.--........ ......---. OH, 41a hlb