The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-05

was celebrated In O. very quiet way.
Seventeen millions 81 dollars OF gold coin
have been shipped BY Secretary sherman as
third class mail matter tn tbe last elghb
months. Part of these shipments have been
made under government frank.
The "long strike In Pittsburg has come to
an end, the workmen employed In making
glass chmneys having agreed TO resume
work, after remaining idle Tor two years.
The men engaged ID this foollsh business will
not, perhaps, during their entire lives recover
the ground lost by their voluntary abandon
msnt Of work for so long time.
The strike Of boot bottomers In Massachu-
sets has fortunately been arrested ~ Inc
concession Of the manufacturers. Inc men
demanded an advance In the price OF bottom
Inc boots to 90 b case for the lowest grade.
The manufacturers say they are making no
money now. and it would seem that the busi-
ness, was dragging, rs four ont OF the SIX
large boot factories at Worcester have failed
during the past few years.
We see it stated BY New York CORE
apondent OF the Chicago Journal that the
SIM newspaper Is making more money at
present than any other journal In New York
citv. It has recently paid SIX months d.
vtdend OF 80 per cent On q capital Of S350OO0
1T Ia expected that 30 per cent more will be
declared for the remaining six months. This
ID almost as good showing as some OF the
New Orleans papers can make.
Nearly three thousand European immi-
grants arrived at New York last week. A
New York exchange thinks that the renewal
OF troubles between landlord and tenant, in
Ireland. together with the continued in
dustriaI distress throughout England, TO say
nothing Of the unsatisfactory condition OF
affairs In Germany, must tend to stimulate
the movement as times grow better on this
side. The steamship companies anticipate
large business oil this year.
Mr.. VIM. G. Whitney, corporation counsel
for New York city, has rendered an opinion
to the effect that the tracks Of the surface
railroads In that city must be regarded as
real estate with the meaning Of the laws re-
Iating to taxation. and should be taxed as
real estate. He says he Is not aware OF any
special circumstances emitting any Of the
tion of the general principle applicable to all
taxable property In that city
For the fiscal year which ended on Mon
day the public debt was diminished nearly
eight and half million dollars. There has
been an increase for the past three or four
months, that In June amounting to $24 1888 Is.
These are the figures given by the United
States Treasury books, and do not show the
interest on Pacific Railroad bonds, which is
paid by the government, and which should
properly be deducted from the gross sum of
the apparent decrease OF the debt.
One significant sign Of the returning pros
perity Of this country is the fact that we are
steadily accommodating stock OF the precious
metals. AS rule, We send abroad large
proportion Of our gold and silver product,
but this export has been decreasing since
1874. In 1876 the excess OF gold and silver we
sent abroad over what we imported was S15,-
3s7 ,s23; in 1873 1t WAS $7,2A8,90l; and for the
year ending with May, 1870, 1t was only ST.
2s4 G15- showing that OF the s70,O00,0O0 OF
gold and silver we produced in that time
nearly $65, 100000 remain with u.s.
In letter from London to the New York
World Mr.. Louis j. Jennings, discussing the
food question In England, says: "A large
place In Oxford street has been taken for the
sale of American beef. although it is my be-
lief that every butcher sells it, charging for
1t the price Of English beef. Ask any sales
man In Covent Garden market how the sup
ply Of apples Is likely to beShis year, and he
will answer, it all depends on America
Pretty nearly two-thirds of the grain We eat
comes from your shores. Cut us off from the
rest of the world for month or two, or even
less, and half the population would have to
starve. Our supplies Of the necessaries Of
life have to come from foreign countries.
There Is no nation In the world and there
never has been one which had to depend so
largely for Its food upon other nations.
The st. Louis Republican of the second in
slant. In making mention of the closing OF
The doors OF the Louisiana Savings Bank, of i
New Orleans, remarks: Conformation being
received during the day by the Third Ma
Honal OF this city that a draft on the Louisi-
Ina Savings Bank, which 1t had sent on Fri
lay, had gone to protest yesterday. subse-
1uent telegram from the Louisiana Savings
Bank stated that they had closed for liqui-
lation,' and from another source 8 third tele-
gram stated that the thing was rather q sns-
pension for liquidation than q failure The
iraft from st. Louis, which seems to have
oeen the immediate cause Of the suspension,
vas sent to draw out the balance Of the Third
National, which, however, they say Is pro
ected by ample security in the event Of q
Dad failure.
The receipts Of cotton at the South Atlantic
,orts this year are much heavier than they
vel last year up to date, while there has
,een falling off at the Gulf ports, the former
lavine gained $4,000 bales, and the latter
Iaving lost 134,sGo bales New Orleans has
allen short 194,S51 bales. and Mobile 5O358
ales as compared with last year, while Gal
eston has gained 11D,340 bales. The causes
the loss to the Gulf ports are thus briefly
fven by the Columbus (Ga.1 Enquirer: sThts