The New Orleans daily Democrat., 1879-04-18

instant less cash In the treasury, Hihouhoea
to S2O27 1O0,OG5. Germany appears % nave
increased her small debt Of late. The follow
ing will show the indebtedness Of Great
Britain, France and Germany at the latest
returns, given In pounds sterling for conven-
jence of comparison:
Great Britain. n....................G G777, ,7s1 500
France. .......... ..:...,.....-.. soI s'Soo '
Germany railroad -.- debt. ....-.,'.. i''''A''''
The condition of Egypt Is pitiable. The
debt is $sa0, ,OOO, ,O00, and the expenditures $780,
100000 year, and the revenues $40 10000.
showing a deficit Of $to,ooo,0oO year The
country has little trade and the inhabitants
ars very poor, being kept 20 by an exactiDg
taxation which wringssfrom them two-thirds
their crops, and leaves them almost destitute,
ii Ii said that the famine that has depopu-
lated some Of the districts, and still prevails,
IL caused by the exhaustive tax system that
takes the food out of the peoples mouths to
nav the interest on the enormous debt and
support the Khedive's extravaganza. The
revenues cannot be increased. because the
country cannot bear an increase of taxation,
and SO 1t is not easy to see how the khedive's 8
British and French creditors are to get back
the money they SO foolishly invested In
Epyptian bonds, even If the present Khedire
were deposed and another put in his place.
one ~ the cruelest cuts against the entire
system Of prohibition Of foreign manufac-
lures, misnamed protection. Is the purchase
OF t2.Oo0 tons of British steel rails by Mr.. w.
II, Vanderbilt. He could have obtained these
rails In the United States at $45 per ton. But
he preferred paying, including duty and
transport. S55 for the foreign article. The
peDnyslvania men were indignant; they
asked the railroad king why this is thus2
He replied: american manufacturers will
only give ftve-year guarantee. 1t Is my ex-
perience, that the utmost wear OF American
rails does not exceed five years ! estimate,
therefore, that the English rails, while cost
ing me as per cent more than the American
article, will give 100 per cent more wear; con-
eequently, the cheapest thing for me to do is
10 60 abroad for my steel rails 1 still, how
ever, put down American rails, where the
strain and wear are lightest." Thus, in face
Of protection which gives the American
manufacturer $40 per ton advantage, the
British articleis preferred, because it is 100
per cent better.
We learn from the st. Louis Republican
that al interesting question In relation to an
Insurance policy was decided last week by
Judge Thayer, OF that city Samuel Sand
fielder took out an insurance on his life for
$4,000 for the benefit Of his wife and two chill
dren. after which he died, insolvent The
Mw allows a man to expend certain amount
annually In insurance on his life for the bene-
( ba ha
but not for his children. The amount spent
by Sandfelder for his wife and chill
dren did not exceed what he might
have spent for his wife alone, but the cred
itors claimed that the two-thirds OF the In
surance for the benefit OF the children be-
longed to the estate for general distribution,
and brought suit for It's recovery. Judge
Thayer ruled that under the laws OF this
State, no special privilege - given to father
except In the mode specified in ls .. D., a36).
to take out insurance for the benefit OF minor
children. The fathers acts in that direction
must be governed by the general principles
Of kthe common law. Ii insurance is pur-
chased for their benefit at a time when he Is
not in debt 1t will, of course, be valid, but If
done at time when he is insolvent, any set
tlement thus made is subject to the superior
rights of creditors" The question then re-
Imained as to whether the creditors were enti-
lied to recover the amount Of insurance com
ing to the children, or only the amount Of
t.he premium paid on the Folicy, and this the
court reserved for further consideration and
testimony.
In reviewing the packing season in the
West, the Cincinnati Price Current gives the
following facts:
BY taking the aggregate net weight of hogs
cent for shoulders and IA per cent for hams,
aud allowing for the amount Of sides and
shoulders made into barreled pork, as indi-
Gated by the returns of the different kinds of
barreled pork made, the following compari-