The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-29
ORLEANS DEMOCRAT SATURDAY, NOVEMBER 80 1879

LII III N r
the business Of trade or commerce; therefore
| II a urged that Mr.. Sherman II ineligible to the
Office he now holds because be Ia h director In
| The Fort Wayne Railroad Company.
| THE BELL. PuNUH WILL Nor WoRK.The
revenue laws Or Texas, especially the bell
| punch which recently went Into operation
have mel such opposition from combinations III
the niflea that the atnle has been ,laftandei IF
| her dues. aud Gev Roberts has felt himself
called upon 10 officially proclaim tho fact IT,
urges The officials to prosecute Offenders speed
lily. nntt requests all good ctiaena 10 back them
up IN II Virginia also has grnat trouble In on
forcing i'e bell punch law and another effort tn
repenl II VIII be made AT tho coming session VT
itR egialatnra
RrHtuB RECEIPTS The specie imports MT New
York during the week ending November ~
amount In the aggregate TO ~ 900. 1863. of which
$4,000. TIA was gold and s,papaE silver. The total
from January u that date In $40 ,a7T, non-
aisttng " SEQ a41 Gfp gold and ae.tq2 100 silver
From the f)rst VI AuRustto November 2t. inelu-
ave. the imuoratIona foot I'D sea.a34 1Ta III
Guiding ae1 go $40 gold and s2224 Ebe silver. Or
the total received during this period sra oGs, yea
Britain and AZ. iii .oaa from the West Indies and
South America.
HEAVY rorroN lHcFprs AT MHMrHrs- The
Avalanche Of The twenty seventh Instant says N
The rush Of cotton Into Memphis fnr the nRat
two weeks haa been 30 greatly beyond MI IRE
oadent OF expacta Ion TINT II taxes IN The utmost
the entire resources nf the ahela for storage
and he pressee for oompreaajng The railroads
| have been the least prepared foe the great n-
H. cotton.
| hlorkaded round about With stacks Of Gotten
nrs Tye IL nv am d rss
| stiil the blockade continues. 1t has been astl-
mated that MannhiH lost 10000 bales through
the enforcement of the aenaalaaR Htate board
quarantine against cotton, consequently Tia
present Immense import was net anticipated
While the losses Of September and octoher were
nNt 0yareRtimhteH yet the crop In tho dfstti let
waa undereatimatad.
INTERNAL, REVENUE Gott#aTroNa. The an
hual report of tho Commissioners " Internal
Revenue IA document of interest. 1t shows
the enloatlnns from distilled spirits to have ex-
needed those Of 1878 ~ over s2oaooon, and The
production TO he IL 1ap SOC gallons more than Ia
1918. There hns also been GA Increase Of p,aaR,-
a2a gallons IN the expectation Of distilled
spirits mud liquors, and a heavy increase In tho
manufacture of tobacco cigars and nigafatee.
less gratifying feature of The report Ia tn
fart that e16a nerHona hayn been arrested for
illicit diaiIllns. an1 twenty seven officers and
employees killed and forty eight wounded while
engaged ID tho etfor 10 collect the tax and on
force tie Internal revenue laws
CnsT or LlvINa AND RATE OF WAGES. -
Through tho nxerions Of American rnnauls an
elaborate report on the oost Ut living md tho
rate 81 wages paid wnrkingmnn ia foreign
countries haa boon prepared at Washinton and
,.fat,t, ",
condition Of lahorora andartisana IN the United
States with that Of the Same classes In other
nations. The British government hns shown
Its appreciation Of this statistical work BY IN
atruetinR Minister Thornton to Transmit few
more copiaa Of Ii to London for the benefit Of
manufacturers and others. Ia view Of the de-
preston 40 long and severely felt In almost
every Engliah industry. II II surprising That tho
authorities there have not thought to make an
authentic comparison of this kind of their own.
The ngnrea prepared ut Washington. however
will show them why Il Il that they are under
sold IN most If The markets Of the world.
FUNDING THF Puplro nEnr- According to
tho exhibit OF Mr.. Knox tho controller W the
TREASURY tho total debtlof The United States on
tho fret Of January. 1901. was SEQ sT21, On
the thirty lrst Of August. 1865, when the debt
reached the maximum. the total was "a .a4h poI.
Gao There WAS, therefore m Increase Or f2TTo,-
6G5 pCH In four years and eight months. A good
loal more than one half Of this total consisted
Of temporary obligations. Of which more than
81 AVG 900 900 were funded into $40 bonds within
three years following the olose Of tho war.
Under the refunding acts Of 1870 and 1871 moro
than Fl aps 900 900 Of +. ~ and per cont bonds
have been sold. From August ii. 1866 when the
debt reached fl highest point. TO tho fret Of
November, 1870 the interest bearing debt WINS
reduced 1898 1861 49,, and the annual interest
charged has heon reduced from sroaT7 zoe.
when ut its highest. to ss3.773.71s. Mr. Knox
believes those funding operations to ho without
a parallel In financial hiatorv. and In support
Of his belief be has something to say about the
debts of England and France.
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