The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-25

r.smercial and Financial Matters.
-. bark Giuseppe Qulnto cleared yester-
- s,r pbillipeville, Africa, with 4,5OO BUSH
'. d corn in bulk. -
u. rhinmepts OF cotton seed oil from New
~ to French and italian ports are in.
[uss,oo RAPIDLY. Yesterday the bark
1..r,ca which cleared for Genoa, carried
N atop barrels Of that oil.
q, rouis correspondent writes AS long
/. ,.v,ners can produce hogs weighing 225 to
\ "A ..,,,nds from ten bushels OF corn, relying
ssnn grass for the balance, we think the
s'vssat prices of the winter will pay them
mt spring
et.te Copsols opened at 64a4, went up to 6s,
"a closed firm at So @65L1s, against 65s@
IN N Thursday. Premium Bonds closed
10 Al 2gts@2st4, against 291I@2sI on the
s,svious day. The sales at the Stock Ex-
%sope amounted TO sio6,5oO Of State Consols
.ca 5000 Of Premium Bonds.
Attorney General Devens has instituted suit
.ssInst the Central Pacific Railroad Com
ssny for $4,000, forfeited by the company for
,s,ra refusing to furnish the government
.snplete statement OF their business. The
'n.otral Pacific is indebted to the government
"a 2sO. 1863 81 for interest paid on outstanding
srnds issued for the road, amounting to
1S,ss5, 12o -
According to the account given In Truth,
~ connection Of the Duke OF Sutherland
,sith the Glasgow Bank Is one OF the hardest
.trokes of il-fortune ever dealt. Some time
- the dukes agent owed him $4,000, which
v wished to pay by transferring to him four
shsrss Of stock In the City OF Glasgow Bank.
f,ne day he mentioned this to the agent OF
Ihe CALIFORNIAN Bank, at Inverness, who said
.4Dh, never mind troubling the duke; we'll
ike the shares, and credit his grace's ac-
eurpt," And this fatal operation will prob
sbly cost the unconscious victim S5OO,O00.
The placing Of ten millions Of per
oepts In Europe is an additional and final
susrantee OF the permanence Of resumption
ia value arises from the fact that large
amount of the per cents are held In Eu-
rope and II these are called In without being
repIaced In Europe by the new bonds the first
RESULT would be to send up exchange to a point
At which 1t would pay to export gold. This
contingency has, however, been removed, and
Il ID now reasonably certain that there will be
no drain on our gold resources sufficient to
eudanger resumption.
The president Of the New York Elevated
Railroad Company, Cyrus Field, makes
very extraordinary report OF the condition OF
the rapid transit pioneer In that city. Its
track as far as completed Is thirty miles long.
Its trains carry nearly 900 passengers
day and run on an average the enormous dis
lance OF $1,000 miles than the circuit
Of the globe. The financial showing Is still
more favorable. On May 10, 1877. It had less
than $4,000 In cash and owed S27s,000. Now
It owes not dollar and has $76s,000 In bank.
The papers are discussing the results that
would probably ensue should the First Ma
eonal Bank of New York fail. This bank. 1t
will be remembered, Is the concern which has
been 80 highly favored by John Sherman, and
Is the institution from which he borrowed,
contrary to law, sum sufficient to pay the
expenses OF the visiting statesmen" who
came South In 1876 to carry out the frauds
that John Sherman had eoncocted. This bank
Is TO have the use Of between twenty and for
ty-fve millions Of government funds Its
capital is only 100000, and IL 1t should be I'M
iortunate in It's commercial speculations and
go into bankruptcy how would the people get
their money back.
As In every other State, SO Massachusetts,
finds the care Of the insane to be constantly
Increasing burden The State has four in
sane asylums already, which are full to over
lowing, there being 800 more insane persons
taken to the institutions during the past
year The cost of taking care of the insane
In Massachusetts, is nearly 100000 q year.
The cost Of the asylum buildings has been
about s1,5O0,Oo0 piece. and still larger
buildings will have to be erected to meet the
demand. In all the States of the North in
sanity is SO rapidly increasing that the ques-
ton Of It's prevention as well as the cure Is
seriously attracting the attention of all per-
sons interested in social science.
In regard to the matter OF the French ma
tional debt, the New York Sun assumes to
correct what 1t calls false conclusions arrived
Vt by many persons ia America. The cost Of
ne war with Germany amounted to $573, OOO,-
90, and the indemnity to Germany to 81, 0OO,-
10000. All this was borrowed, rot one dollar
has been paid, and the interest is now running |
N the entire amount In addition, her public |
ebt has increased s946 900 900 in the last
hree years. Her interest account 10 largely
excess OF ours. and did they borrow at the