The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-26

Interchangeable with lawful money TO that
amount: also makes the minor coinage re-
ceiyahIe at postc1lces to the amount Of 80.
rive years ago the assessed valuations OF
real and personal estate In New York were
81, 154 900 900; last year they were stoes oo0,-
600. In 1874 the rate OF taxation was 2.so per
cent. for 1879 1t will be abous 2.55 per cent. The
aggregate amount of tax to be levied this
year ID s4oou,ooo less than y was ID 1874.
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The proclamation of aoy. Roberts, estah-
fishing quarantine along the coast 81 Texas
agalnst Ill vessels from Or TINT saaytpueh ut
any port south of latitude w. north, take
effect from and after Apffi ~, Ig1p. Ind
against any other port or placb&t Nhiottbn
tagious or epidemic disease may axiBsl ~ pub
lished In the Galveston News Of the twenty-
third Instant.
Secretary Sherman has succeeded III retiCf
Ing 3l45. ooo, 900 ofe per cent bonds Ii 1877, aI
f103, $50 In 1879, and $s40 800 In th46fDt
quarter Of 1879, and now has also prqfided
for the retirement of $lG4, 500 300 Of pei cents
making In oil $7gl, 2o2 450 In skies an0 nves
that have been put out 81 the way Within
less than twenty five months and half1
There will remain only s2ss, es1, s5oG per cents,
and sos, ~, $50 per cent bonds 10 BIZ refund
ed In 1881, and after that time .no further re-
duction can be made for ten years, until the
AZ per cent bonds become redeemable
The New York Public believes that the
prospect for better price for wheat oontin
ues to Improve. The Black Sea stock on the
first Of April was only 100000, against near
lv s 900 In January. In Great Britain the
average sown ID half million less than last
.ear. But the bull prospect is confined to
European markets. In the Atlantic export
ing cities the stock has decreased In four
weeks only 2,60O0o0 bushels, or less than the
shipments from the interior In single week.
rise In the London price would be checked
by increased shipments from the United
States.
The greatest evil In England to-day is the
tenure Of land, and we find recognition Of
the fact III an article on THE Best Remedy
for the Present Industrial Distress In Mac
millan's Magazine for April. More than half
the soil OF Great Britain Is In the hands OF
two Thousand proprietors, and the number OF
landholders ID steadily decreasing. The
French revolution was worth all 1t cost In
dividing the coil among the people In Eng
land millions OF acres are devoted to deer
parks and other game preserves, while the
people are crowded together to that extent
that d rabbit has more land and sunshine Of
his own than human being. England sadly
needs what cost 30 much blood In France II
is To be hoped II can get 1t peaoeably.
The vote on the California new constitution
will take place May7. No canvass Of new
consultation In this country, for years, has
been marked by such deep interest, and the
fact IL ttie 10 the spirit Of hostility to corpo-
rations and large land-holding that pervhdes
the instrument. The opposition to 1t is bitter,
because. Ii is asserted, corporations Will
hardly be able 10 exist under 1t. The Central
Railroad Company, the great water and min
ing companies, the banks, the insurance COM
panies and the other great stock associations
that have controlled the Pacific slope for
years, are making vehement opposition to 1t.
But the very features that make the instru-
ment distasteful to these powers, we are told,
give 1t favor with the people, and Ii the truth
must be told, heactive support OF ftby kear-
ney.and his Workingmen's party Is the IN
nuence that s relied on to carry II. The
friends Of the constitution predict that 1t will
be adopted by $4,000 majority.
Shipping men are iubilant over the recent
decision Of Judge Choate, In the United
States District Court at New York,
which virtually exempts vessels engaged In
nearby trade from the interference OF the
United States Shipping Commissioner. Some
time ago an amendment was secured with
this object In View but clause in another
portion of the law which required the pay
ment OF all discharged crews to be made In the
presence OF the commissioner was inadvert-
emily left unchanged, and under color OF this
ship owners claim that they have been ha-
assed beyond the intent Of the act as 1t
stands A test case was made before Judge
Choate. who decided that where merchant
vessels ara engaged In trade between the
United States and the British North Ameri.
can possessions. or the Republic OF Mexico
orbetween ports on the Atlantic and hcift
coasts, the requirement does not apply, and
master or consignee has authority TO pay
off his crew without the Intervention 81 The
shipping commissioner.
Ths Washington correspondent OF the St
Louis Republican telegraphs to that lourna
as follows: Zone OF the objects Of the trip re
Gently made by Director Of the Mint Burch
ard to New Orleans was to- learn II 1t wa
practicable to send to the Mint at that poin
some of the silver bullion TO be coined Into tn
standard dollars. The express compane
agreed to carry the bullion 10 New Orlean
from Colorado at the same rate they ha'
been charging Us send II TO Philadelphia. Ae
cordingly 1t has been decided TO puT
chase $1,000. ounces for New Oriean
every week, and tomorrow. Tn
first bids will be received for the sale
bullion to be delivered at New Orleans. In
proposal for this week and for some weeks
come will be for 2oo, 900 ounces for San Fran
!.