The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-25

her own savings. asked for IT. worth In per
cent Georgia bonds. and declaring at the
same time that she wanted to put II Into
shape where II would be safe and at the same
time Increase
RI IL said Of Northern Texas by the Dallas
Herald that the tillers Of the soil there make
far more provisions than they have any use
for; always have corn and meat for sale, and
their cattle and cotton crops come In az
clear profit They are rapidly growing
wealthy, and In less than fifteen years from
now North Texas will be as prosperous as the
bluegrass region of Kentucky ever was In
IT'D palhiest days.
The vlcksburg Herald says: "There ID no
doubt that many OF the negroes at Wyan-
dOtte, Kansas, are anxious to return South.
Az there are many planters who need labor,
we suggest that some Of them send M and
bring all back who wish to come. "A person
can 70 from here by rail lii two or three days,
and the expense per head to bring the ne
groes back by steamer is not more than - or
$40.
The United States Circuit Court Mt Phila-
delphia has rendered decision which will
not tend to popularize commercial agencies
with the business community. business
house In that city, trusting to the report OF an
agency gave credit to man whose assets
were not equal To per cent Of his liabilities.
The agency was sued, and the court granted
q motion for non-snit, holding that the agency
wa not liable for the loss caused by its in
vestor's information.
In New York the Sixth Avenue property
holders think that, owing to the depreciation
III rents, caused BY the elevated railroad,
their taxes should be- reduced. With this In
view q number Of them called On the tax com
missioners. They said their property had
decreased 33 per cent on account of noise
alone, and that 1t was difficult to rent va
can't house at all. A house which had rented
for $4,000 was now let for $4,000, and another
that cost $4,000 three years ago. has just
been sold for $4,000 etc. The commissioners
said they would give the matter their atten-
tion.
Iowa begins to realize that foreign capitaI,
while 1t has fastened the development 81 her
resources, now proves q serious drain. OF the
T7gg holders Of her $15O,0O0,00O Of railroad
stocks and bonds, but 1923 live In the State,
and they only own $1,515,5G5. Life and fire
Insurance also have taken over $9,000,000 In
premiums out Of the State In the last four or
five years, Mawhich about s3,5oooOo only was
returned If4payment OF losses. But Iowa
must not become FESTIVE. Capital ID only &C
cumulated by long and patient industry. and
the Eastern States have fairly wrenched
theirs from far less fertile soil and slowly
increasing manufactures.
"A special dispatch by cable to the New York
Herald gives a gloomy account OF the COM
merce OF England with China. 1t declares
Englands foreign trade to be Ia as unsound
state al her home commercial and munufac-
turing interests The 'Anglo-Indian banks
are In most unsatisfactory condition. Eng
lands trade with China which has been de-
creasing steadily year by year. is now said by
merchants to be as good rs altogether
dropped, owing to the lack OF profits on the
business and the unsatisfactory state OF
England's relations with China. In fact, 1t
seems probable that England's trade with
China will have to be abandoned, for 1t is
admitted that American opposition and enter
prise have entirely killed English rivalry In
that part Of the world.
The Californians are not the only people
agitssed over the Chinese question. The citi-
zens Of British Columbia are becoming
alarmed, having already GoOO Chinese out Of
a population Of $4,000. They appeal to the
government at Ottawa for relief just as the
Californians appealed to Washington, and
precisely with the same arguments and on
the same ground. The people Of Oregon also
are up In action against the Chinese, and the
Board OF Trade at Portland have adopted |
memorial to President Hayes. condemning
strongly Chinese emigration to Oregon.
Should the negro exodus from Louisiana
continue, we may possibly call upon the coun-
try on the Pacific slope to send hither It's sur
plus Of Mongolians to till our cotton and cane
fields. a@
The New York World publishes several col
umns of reports from business centres all
over the United States, showing q state Of ac-
tivity in the commercial world which Is truly
gratifying. Editorially, that paper says:
Every physician knows that the conscious
nes@of convalescence and faith In its reality
mark the passage Of the crisis IN perilous
knows that hard times" have done their
worst when the shadow of hard times begins
to roll away from the homes and hearts OF
men. Our survey shows that splndles, looms,
workshops of all kinds are at work all over
the country in the spring Of 1879 as they have
not been for five consecutive years before.
Capital Is more than abundant. or labor
there neither is nor Is likely to be any lack:
In the course OF these five years many hard
lessons OF necessary thrift and economy have
been learned. In the course Of these. five
years, too, new generation has passed from
youth into manhood, trained under more
severe conditions than those which surround
ed the generation matured between 1868 and
1873, and ready, with new spirit and undaunt-
ed hope, to take hold energetically upon the
great adventure of life. The forces which
press the country upward and onward are
gathering head daily, and they are more