The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-17

On the other hand dEummerN from the EAak and
West nood that country arid the inhabitants are
forced to Ket their supplies from them. Re-
Gently q representative of d Baltimore house
came down tho river, confined his attention to
the towns and settlements along the banks Of
the risor and succeeded In selling erockery-
ware to the value OF $40 600 70 ll his orders the
goods had to be brought by rail from Baltimore.
to Cairo. and thence by boat down the river.
costing La freight charges nj least 10 per cent
more than II the goods were brought from New
Orleans. VI our merchants will quietly permit
those of other and far distant cities to come to
their very doors, ana by superior energy and
enterprise snatch from them their home
trade, then they deserve IL langush and grow
/ poor, and they have none to blame but them
| selves.
THE sTocK BooM.-In IN editorial on The
Wall street boom. the New York Economist Of
last Saturday says It Ii estimated that the ad-
vance within the past three weeks on the list Of
stocks dealt IN at the Stock Exchange is over
$500 100000. The present speculative fever In
Wall street has assumed such vast proportions
that Its elimination will be watched with eager
interest by business men generally. The
Economist adds that there ID not m operator
on the street who asserts that there is the least
foundation for the rapid and enormous advance
/ that has already occurred. Il ia simply the re-
suit OF combinations formed by few bold, dar-
/ ing men. who control vast sums Of money and
consider this favorable time to engineer q
giant speculation In stocks that have not for a
long period honestly earned a dividend. and
from oil indications show no prospect OF pay
Ing one In the near future,
| TIE SHIr on TIRE FuTuRE,-After pointing
| out the great faults and failures Of the present
| style OF ocean vessels. q writer In the American
Ship AYERS that the ship Of the future will carry
| no ballast. II sailing vessel her Ratl area and
displacement viii be 90 we'll balanced that II
the rudder were lost or disabled. the vessel
could be guided on her course by her calls. The
centre Of effort Of sails and OF gravity Of vessel
will be adjustable. 30 ne to harmonze with the
gripping influences of the loe line Of fotation.
The ships OF the future will be profitable. for
they will be built for and under specific ser
vice. on scientific PRINCIPLES; they will be
designed. built. loaded and navisatel. ~ they
have never been. with direct reference 10 their
equilibrium Of stability. the safety Of vessel
aud cargo. with the lives Of those on board
The rating characterization " vessels Will then
be determined by an International or an indie
pendent board: the British Lloyts will have
passed away. only to be- remembered as a cor
rupt organization. The material of vessels
will be steel for metallic and bent timber
frames for wooden vessels. Under this new
lspenaation Of genius, ocean, mail. and pna-
senser steamers will be non suitable and make
their Atlantic trips lii ak instead OF seven and
R-half days. with roll angle not exceeding
eight degrees.
Complaints are very general throughout the
country concerning the circulation Of trade dol
lars aud mutilated subsidiary coins Accord
ing to the Chicago Times the responsibility for
this reets upon class who ought to be
ashamed Of It. Small manufacturers and
others ia the North and West who carry Oh |
business In which they have to disburse money |
or wages. buy UP the trade dollars and the |
punched or clipped coin at discount OF 3 to per
cent and force them out again ut pRr. The op- |
eratives who receive them spend them with the |
shonkeepers. paying for tho discount In the ad |
ditional price of tho wares they purchase. The |
tradesmen sell them to the dealers ut to per |
cent. and the latter turn them out once more Ia |
the same round, The punched coin are
many of them relics OF old boards but II ID |
evident that the work Of mutilation has been
started afreeh as many OF the newer pieces
have been treated In tho same way. A cores
pondent of an exchange makes the very SON
sihle suggestion TINT the government. with
little effort might trace the parties engaged Ia |
this unlawful business and put q stop to II. The
popular superstition that 1t ts the work Of ell
versmiths has no foundation la truth. Some
roRues have little machine which they nae for |
the purpose. and must have also facilities for
realizing the full value OF the coin after It has
been robbed OF part Of its value. Once In Dir
cuation II goes on the old round. The trades
men and others. who must take all that IL |
offered. sort out the coin, deposlting all that s
bankahle and paying out what they can. selling
the rest at O discount Theme IL should 10
into the melting pot. and would but for the dis
creditahe action Of those who buy 1t from the
brokers to force 1t once more into circulation.
EAsTwARp FRE1GHTs.-The new Joint tariff |
which will take effect October IL shows rise OF
class and Sc ba p e on au The
advance on Western produce is now 125 per
cent. This means that It costs 12c more per
than 1t did prior to the harvests. During Sep
temher the shipments Of grain from Western
not INCLUDING flour amonptsd IN
by rail 100000 On grain alone the profit on |
the advance to the railroads and the loss TO
in one month. The push is increasing rather
than diminishing. and the demand for freight
room exceeds the supply. ut the advance OF
1t is clear case that there ts some reason for
the boom IN railroad stocks exceeding all
OtnaT hOOnl6. because they are evidently de-
termined to get the lions share OF the profits Oh
the years unparalleled productions. Last win
ter Chicago was shipping stuff at II and Ia cents
per 100. Last year and for several years the
charges have averaged about 40 cents per 100.
Well managed roads improved their financial
position In the meanwhile and Vanderbilt says
his roads made money" Now. on the largest
business ever known. the unit of charges is ad-
vanced rs per cent. and Will doubtless be adj.
vnnced In a few weeks 125 per cent on the aver
ages Of former years.
IN the meanwhile ocean carriers are not IN
are 4ad per bushel higher than the
scale ruling ct the middle Of June. The Carl
age Of a bushe of wheat from Chicago to Liv-
erpool has been enhanced 81 eents-the total
charge at present being about 40 cents
The .npshot, Ia that the Western farmer.
the BOOM must sell nearly
as low as last year or hold his grain.-[Louis.
Vile Courier Journal
Coal AND IRoN.-Tha following from the Nav