The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-06

from Bio Our receipts this year Of Mexi-
Gun coffee are rs z7a bags, against d ,233 bags
last year, shaving an Increase OF 2040 bags.
The receipts OF coastWise coffee show 9 fali-
Ing off OF 1850 bags, as compared with last
year.
Natwit outstanding the strenuous efforts made
recently by several European governments 20
check emigration to other countries, the blde
of settlers from the Old World to the New
commences once more to flow with the same
rapidity as 1t did before the last financial
panic. The half-yearly report OF the Com
missionerg OF Emigration, Just issued, shows
arl increase Of II, 1856 arrivals over last year.
Many OF these were people who returned TO
their native countries, owing 10 the hard times
here, and who were under the impression that
they could do better In their old homes than
here. A short stay On the other side, how
evea, has convinced them Of their mistake.
While this country has been producing cot
ton on q greater scale than In any previous
era. increasing the production steadily every
year, all other imp ortAnt countries have been
diminishing their production. Brazil has
fallen off even more than East India. The ex-
ports OF Brazilian cotton to Europe Id 1s77-78
we're only 247,ooo bales against $4,000 10
l876-77, 80, 600 In 1874 rs, 6t50OD In 1873 "a,
and 600, 900 Id 1872 -73. This decrease in Brazil
ID attributed to the effect OF the act OF 1873,
providing for gradual emancipation OF
slaves from which much Decentralization 10
said to have resulted, while the decline In
India IL ascribed to drouth and famine.
There is some talk In England Of making
changes In the land system so as to devote q
larger area to the production OF food, and do
away to great extent with the dependence
OF the United Kingdom on America for bread.
Thirty years ago the importation OF food into
Great Britain amounted to only $50. 900.
Last year the importatiUns OF food were
valued at $500, 0Oo, 900, for 330oO00 OF people,
against &c, 100000 In 1910. The total amount
paid by the British for food 1.-THE home pro-
duct, IL 81, 152 17e,oe5 Is $1657 176oo5, and the
demand for foreign agricultural products,
mainly from the United States and Canada. is
increasing rapidly, For that reason the sub
ieet Of utilizing the great area Of idle lands In
the hands of the great landholders OF the
kingdom IL being agitated, the idea being to
make the soil yield 10 per cent more food
than 1t does at present.
Last Tuesday Capt. james T. Edmands, OF
Newton, Mass, was elassed among the solid
and flourishng business men OF the Bay
State, To-day he ID prisoner without d
friend to go on his bond. Itis an old story,
told over and over again In the cases Of Wins
low, Pond. Chaee, Hathaway, Stickney. Tap
pan, and other once honored and prominent
citizens Of Massachusetts, now either convlcts
In State prison Or fugitfves II D foreign land.
Capt. Ednands' "word was regarded as good
as his bond, his bills and paper were always
met promptly, and his credit was of the BEST
He encountered troubles, he shrank from let
ting the world know the truth. and In order
that he might keep up false appearance Of
wealth and his expensive style OF living, he
committed forgerles to the amount OF nearly
$4,000.
The new tax law OF Pennsylvania compels
railroad and transportation companies, be-
sides their dividend tax, to pay q tax on gross
receipts, and companies mining coal to pay 9
special tax on that. Home insurance COM
panies are taxed on their premiums, foreign
insurance companies, banks and oil corporate
aud ,1nincorporated fiscal agencies, On their net
earnings, and q fixed tax Of four mills On the
dollar ID levied ON all evidences Of debt, public
Or private. Corporations In general are taxed
three mills on the dollar on the par value Of
their stock. II IL per cent dividend Is de-
clared, and less or more as the dividends are
larger or smaller. A tax OF three mills on
the dollar on that valuation Is levied Ii no
dividends are declared, all profits kept by the
company being treated as dividends. The
tax on transportation companies is eight
tenths of 4 per cent on gross receipts. The
specifications under the tax OF four mills ON
the dollar on the evidences OF debts, bonds,
mortgages and the like, cover every form
under which debt Is recorded, and are 80
drawn as to continue the practice under
which public corporations, cities and towns
deduct the local tax from the coupons ON
their bonds presented for payment by the
owners outside Of the State. Mortgages given
In the purchase Of real estate are exempted
from all but State taxation.
In the course Of an article on popular In
vestments, the New York Financial Chronicle
says:
While the subject Of rates. OF interest Is
under discussion it should be remembered
that the purchasing power Of our currency
is now SO much greater that per cent is
about as good for the investor ag 7.per cent
was five years ago. It ID not desirable that
parties who wish to place their money care
fully on long time investments should get In
the habit Of looking for high rates OF interest,
as such d tendency is almost sure to lead, In
the end, to an unreasonable risk OF the prin-
cipal On this principle of looking more to
the security Of the investment than to high
rate of interest, the first mortgage z per cent
railroad bonds, selling now at $110@115, and
having twenty years or more to run, should
be considered a reasonably good purchase
The use Of money In this way, at moderate
rate of interest, In q very convenient form OF
security, where the principal can lie for q
long time without the trouble Of reinvestment,
Is far more likely to prove ultim ately satis-
factory, than the purchase Of any OF the cheap