The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-29

~ STATES "
me number OF negroes who have received
Y, acres OF land, mules, seed and impie-
sssts. with cigars and carriages thrown in,
\ Kansas, as promised by their Republican
binds, has not yet been made out. me 1act
\ he list will probably never be made out.
Ia negro will have to be patient with ms
|shtnely philanthropie friends.
poonle about to marry should not be guilty
Edaceptton. In Germany recently a young
e,nan advertised for husband and pro-
Es.ad "a be- worth $500 In cash. She found a
e..tand who In turn found she had only
|ruin cash He applied for divorce s'be-
"a of the deceit which had been practieed
.ron him." The court declared the marriage
inland void. ------------- z-.... .=.-..+=
fse Secretary OF the Treasury showed the
ahr day that he had assets In the Treasury |
.manting to s5f4, 779,501 Oh, about SIC, 100000
h vAicf, he Is required by law to pay out as |
.seesary. The Secretary. be it noted, al |
|Mm,ab having an abundance Of cash, refuses
n nv the soldiers their arrearages OF pen
aims and is forcing them to await his pleas |
I've |
Tha Treasury Department has deemed 1t |
necessary to explain that the apparent dis
|crenancy between London and New York
|onotations Of bonds Is due to the fact, that In
|the former centre the Is reckoned at s., an
Of 111ac when Exchange Is
|Assh, II four per cents are quoted at 1854
N w., raI.,Snd fn ba Nayr V6s4tS
nnty by Multiplying the quotation by 4.88a
|nd dividing by five.
The London Times applauds the remarka-
|kk achievements OF Secretary Sherman In
|paunding the public debt, and tenders some
Mice to the effect that he should now direct
III attention to policy OF reducing the prfn-
|dpal Of the debt, which the Times says has
ben for some time neglected. The American
|rublic debt has been reduced nearly $780,
|WO0Oo In twelve years. How much has Eng
ind reduced hers In the same period?
The State Of Pennsylvania Is just now much
|Edted over the question as to who shall pay
THE $4,o00,00O Of damage oecasioned BY the
|rsot Of 1877. Pittsburg doesn't want to pay
II and regards it as State debt. Her citizens
cannot deny that some Of them did the burn
Ing And 1t is a matter OF history that the
Mob had the sym patty OF the city and Its Of
EAcrs. 1t begins to appear that as Pittsburg
! 6a@d she must pay the fiddler. The lesson
|hught will be wholesome one.
The st. Louis Journal OF Commerce says:
The Beleher Sugar Refining Company ex-
EDnded $4,000 to $4,000 last year, expert
|nMtng with new methods for refining sugar
he works OF this company are among the
most complete In the world, as well as being
|me d the largest. They are running their
works on full time and with large force Of
md. The works occupy over two solid blocks,
covered with four and five story buildings.
They employ $50 men,"
The st. Louis Cotton Exchange must be at
lines rather an embarrassing place to visit.
The Republican of last Friday says: "a sin
Fsular circumstance was witnessed at the
Cotton Exchange yesterday at the time Of the
|litt Of the Republican commercial reporter.
AZ the usual daily time there is large repre-
tentation OF factors and buyers, but yester-
Day not soul, excepting Henry, the secre-
ary's assistant, was present, and he was
deep In clerical duty. Inquiry could not
elicit "why this was thus" probably, how
sTer, 1t was an accidental circumstance"
10 the United State Circuit Court at Austin,
Texas. Saturday last, Judge Woods rendered
= decision In the celebrated Mercer colony
Hant ease, the verdict being favorable to the
claimants under that grant. The Mercer
toony grant includes within its boundaries
sae counties In whole or In part OF Cooke,
Denton, Tarrant, Parker, Hood, johnson,
Eill, McLennan, Navarro. Ellis, Dallas, Kauf-
nan, Henderson and Van Zandt, within which
Y population OF over 100000 souls, and
arge area Of the best improved and most
Mluable lands OF the State. result Of the
aecision referred TO, If carried out, Ia to rem
oE worthless every title within the colony
1oundaries, since the date Of the contract,
not derived from Mercer or his colonfsts.
Avery interesting case has Just been set
lied Ii the United States court at St Louis,
ue point raised being In reference to the legal
fste OF interest Of bonds issued In one State
Nd payable In another. The case Is that of
Thomas Faunteroy VS.. the City of Hannibal,
90 number OF defaulted coupons on Hanni-
pal bonds issued at Hannibal and payable at
= New York bank. In awarding judgment
Judge Dillon allowed per cent interest, the
egai rate under the Missouri laws. The
paintiif wanted per cent, the legal rate Of
interest In New York, and took the position
nat the interest on the bonds must conform
g the laws OF the State In which the bonds
afe payable, and not to the laws OF the State
= which the bonds are issued. The court de-
|aded against plaintiff, and the case goes to
eae supreme Court of the United States.
w BE DEPRESSION IN SHIP PROPERTY
ne n,e notable feature In the market for this
|sa0perty the past three months has been a
10y tendency towards lower prices, which
(sss ~ now reached point never before known,
~ ~ actual decline being fully Is per cent below
A. price obtainable one year ago, and still
NJ ~ question remains an open one in the
Ess ~ OF many OF the best informed whether
a ~. Llanimum has yet been reached. In view
4nn 80 enormous encroachment OF steam
N sas, ana constant superabundalce
Sal II may well be doubted whether
4fsIn sSase touched bottom or not. Is Is GER
|rcss true that this country is the main sup