Daily Los Angeles herald., 1879-05-25
EAST Err ~.
Evidences Of Revival of BAsfne ess.

NEW YORK, May 24th.-The
World has an editorial to-day sum-
ming up the business prospects,
wherein the writer says that the
surest evidences of reviving pros
perity and activity in investments
by small capitalists has been fur
nished at the various postoffices,
by the brisk demand for small gov
eminent certificates. The metro
politan hotels are also doing O fine
business. There is an Industrious
Inquiry after real estate, not only
IN the city, but in summer quarters
in the country. Naturally enough,
these favorable symptoms in the
solid world of business have been
attended by speculative feeling
in purely speculative quarters,
which cool observers must careful
ly discriminate from them, but the
rise in various markets has not been
spasmodlc or feverish. The imme-
diate future is really full of prom
ise for active and intelligent men,
more SO than it has been since 1873.
The New senator from oregon aud
the Ghtmeses
NEW YORK, May 23.-The Times
says: The new Senator from Ore
gon (Slater) has undertaken to
"regulate" the Chinese in Ameri-
ca. He brought his whole mind to
the study of our treaties with other
nations, and to that of the Burliu.
game treaty In particular. From
this research he has emerged with
the conviction that foreigners in
this country are in possession of too
many privileges, and that the Chi
nese may be lawfully excluded from
all privileges not granted by treaty
to subjects of "the most favored ma
tion." Slater accordingly proposes
to exclude them. There is novel
ty about this which suggests the
fresh ness of Oregonian forests. The
Chinese are to be put on level, so
far as privileges are concerned, with
subjects of other foreign powers. 1t
will surprise our fellow-citizens to
learn that they have been governed
by Flahertys and Muldoons in def
ance of treaty stipulations.
splendid Crop Prospects.
NEW YORK, May 24th.-The re-
cent abundant and widely extended
rains have fresheued up the coun-
try wonderfully, and gives the sea.
sou a propitious start. 1t cannot
be called backward, as compared
with average seasons. The hay
crop is already assured. The dry
weather Of the first weeks of May
alarmed the farmers, but now from
every part of the country we hear
Of almost daily showers.
Pacific Mail Affairs.
NEW YORK, May 24tn.-The an
nual report Of the Pacific Mail
Company was not made public yes
terday as expected. Babcock said:
ut has pleased Hart and his
friends to keep back the report.
They think evidently that there 10
some great advantage in delay.
Hart and his friends can out vote
me now in the Board, and there
fore do as they please" Babcock
publishes card, in which he says:
"Hart could no more devise plans
for the operation of this company
or intelllgently administer its af-
fairs than could a prize monkey
from the Geological Gardens"
It Is stated that the forthcoming
Pacific Mail report will show re-
duction in the company's debt of
about $500,000 and an increase in
the earnings of about $400,000.
Secretary sherm,n on PoiificaI
Affairs.
NEW YORK, May 24th.-A letter
from John Sherman to War
Democrat here states that while he
could no doubt be elected Governor
Of Ohio, 1t would be wrong for
him to entertain the proposition,
30 many being interested in the
refunding and redemption work
now progressing. "What L would
aspire to in case public opinion
should decide to make me q candi-
date for President, would be to
unite in cooperation with the Re-
publican party all the national ele-
meDts of the country that contrib.
uted to or aided In any way to the
successful vindication of the ma
tional authority during the war. 1
would do this, not for the purpose
of Irritating the South or oppress-
ing them In any way, but to assert
and maintain the supremacy of
the national authority to the full
extent OF all the powers conferred
by the Constitution. The true
issue for 1880 is national supremacy
In national matters, honest money
and honest dollars"