The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-04
are now dependent upon supplies from tfe
coal fields Of the United Kingdom.

Recently published statistics show that the
assessed value Of property In Georgia In 1870
was S227, 219OOO. Tn 1873 the assessed value
Of property was S235,659,0o0. La 1870 the
local debt was Sl5,2o9,0oO. In 1878 the local
debt was $26, 1901 900. In eight years the as
sessed value Of taxable property has increased
$8,44O, 900, or less than per cent. During the
same period the aggregate amount 81 local
Indebtedness was increased $10,9 900 or
nearly rs per cent. The statistics Of ten
other States, including New York, Massachu-
sets, Ohio and Connecticut, make equally as
bad showing.
It is said that the late g. W. M. Reynolds
had made more money BY his sixty or seventy
cheap sensational novels than many OF the
most distinguished authors in Great Britain.
His earnings from his stories have been estl-
mated as high as 100000, which may be an
exaggeration, although that would not be
much more than $4,000 a novel, and some OF
his novels are reported to have brought him
in $4,000. $4,000, $4,000, and even $4,000 q
piece. Tyndall, Darwin, Huxley or Carpenter,
has, we venture to assert, never made one
third as much by his lifelong devotion to
science.
In q speech made In. London almost q year
ago. the Prime Minister, Earl Beaconstield,
predicted that, with the revival OF trade In
the United States, trade Ia Great Britain
would become more active. His prognostica-
tion has proved to be correct The London
Economist Of June reports large Increase
of exports for May, as compared with the ex-
ports In May, 1878. Prominent among the
| exports Of manufactured articles were engi-
neering work and machinery, and also pig
iron. The British trade returns for the same
month show, by comparative tables, that a
healthy reaction has set In, and that all
branches Of business are owly but steadily
recovering from the long depression.
/ Two large sales of real estate In New York
recently show an increase Of values since last
year, although great falling off when COM
pared with values prior to 1879 One large
block Of buildings, for which over a million
and quarter Of dollars was refused during
the war, was offered last year at 900, with
no taker. This year, with the upset price
fixed ut 100000, the property was sold. An
other block valued at over q million dollars
in 1872, and which could not have been sold
at any price in recent years. has been dis
posed of within week for s310,5o0. The de-
probation in value since the panic has been
very Marked out the tide has evidently
turned at last.
The death Of Baron Rothschild will be q
profitable event to the British Exchequer
The probate duty will amount to no less thar
g8S, 500 (s442, 500. The duty is 800 on the
first million, and E15,oOO for every million
afterward. It is payable, however. only or
personally within the English Jurisdiction
Baron Rothschild was the father OF his
family in the strictest patriarchal sense
IaNot a tree it is said, scould be felIed, 6
bedstead renewed, or coat Of paint put on 3
cottage door on property nominally his sons
without the express sanction Of the Baron
The sons occupied houses and estates b5
themselves, but the property was the fathers
and he did not forget 1t. 4
! The bad condition of SPANS finances il
shown by the recent report OF the Finance
Minister as to the budget. He estimates thu
revenue at about $155,OOOOOO and the expend
lures at s15s 100000. The public debt Of SPAR
is now over 555,O0O,o00, made up Of a con
solidated debt of $1,61O, 100000; bonds to the
amount Of 55,O00,GOO, issued in considera
ton Of the surrender Of church lands; rail
way bonds to the amount OF S110,00O,000
s55.OoO,oOO Of miscellaneous debts; a floating
debt of 25,00O,O 900, and an inferior debt" o
$3OO,OOo,oOO. A large portion Of these bonds
bear interest at the rate OF 40 per cent, but fol
years the bondholders have not received q
dollar Of interest, as the army and the govern
ment absorb every cent OF revenue.
The New York Public Is Of the opinion that
the statement of the First National Bank o.
New York is, In some respects, the most re-
markable report ever made by any fnancia
institution in this country. The bank holds
resources amounting to $142 100000, and has
deposits to the credit of the United States
treasury amounting to $128,061 10O-a larger
sum than the entire assets Of the treasury 8
few years ago. Enormous as this sum is, II
falls far below the amount OF deposits by the
United States in this bank on the seventeenth
OF April, when the sum to the credit of the
United States treasury was over 1882, 900
It thus appears that the bank has paid to the
treasury about $54 900, 900 within two months
The transactions OF this bank have been on a
vast scale this year. Exclusive Of all bonds
sold for the syndicate, and exclusive Of al
bonds loaned, the actual sale Of United States
bonds by the First National on its separate
account amounted to 1856 100000 from Janu-
ary to June 90, less than six months. 1t
holds accounts for more than 400 other banks,
and reports cash items amounting to $685.
00O beside all its bonds held on deposit and its
large loans.
The annual saving in railroad repairs
effected by the use of steel rails in this coun-
try Is placed by the Railroad Gazette at
s19,O0O0OO. It's calculation Is based upon the
fact that In 1872, when the extensive use OF
steel rails began, nearly II per cent of the
rails laid had to be replaced yearly, while in
1873 only 81 per cent had to be relaid
rTbic lie not tho onIu CO viDn About Inn 0nn