The National tribune., 1882-09-28
OUR GROWING COUNTRY.
lis Industrial, Commercial, Railroad,
and Agricultural Development.
THE MONEY MARKET.
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THE MONEY MARKET.

The Secretary of the Treasury issued The
I17th call Oh the 23d, for the redemption Of
bonds Of the funded loan of ISL. continued
at 3! per cent. from August u, 1851, The call
is for &25.OJ000O, and the principal and accrued
interest viii be paid II the Treasury on the 23d
day of December next. when interest viii
cease. The following are the bonds included
in this call: Registered bonds of the acts Of
July Il, 1870, and January 20, 1871, continued
during the pleasure Of the government under
the Jcrns OF circular No. -, dated May l2th
ISL, To bear interest at the rate OF three and
One-haif per centum per annum from August
j, 1s5l, as follows: so, No sol to No. 1,592,
both inclusive; SlOC, 10. 7,1O1 to No. 1920,
both inclusive; 500, 10. 1901 to 1923, both
inclusive: 81 600. No. 1901 to No. 20 700 both
inclusive; 5000. No 4,I25 to No ) 5776, both
inclusive: $4,000 No. Is, SCI to No. is. 402, both
il elusive; S20O00. No. I,S20 to No. 2,241, both
inclusive; $4,000, No. 5,25I to No 6.O33, both
inclusive. Total, S21,O00O00. The bonds de-
scribed above are those last dated and num-
bered rs required by section ., of the act Of
July il, 1870. Many of the bonds originally
included in the above have been transferred or
exchanged and cancelled, leaving outstanding
the amount above stated.
The people of Arkansas and West Louisiana
are thoroughly alarmed at the project of the
Mississippi River Commission and Of the disas-
tr0us consequences that it is predicted will re-
suit if if is carried out. The people of Chicot
Landing recently held meeting and voted to
employ the best legal talent 70 represent before
the River Commission the danger 10 the coun-
try that viii follow their contamination of this
work Of fencing in the waters. The Hon. J. s.
Whitaker has been selected by the Cbicot peo-
pie and his letter OF instructions from them
SAYS that he is required TO meet the River
Commission and urge that they commence
work west of the river at the hills above Ar
kansas City and work down. instead of COM
mcneing at Red River and working up. Unless
this is done the amount of means the commits
sion has allotted to the west side will be eX-
hausted before the Arkansas lire is reached
This will be 70 protection to Louisiana, as all
the streams below Arkansas River take their
rise in Chicot and Desha counties To begin
at Red River and come up will only force the
water on Louisiana. There is no feasible reason
for the plan of beginning below, while the reas-
ons for beginning above are 'unanswerable.
A summary of the material wealth of the
United States, showing the increase during the
last six or eight decades, exhibits gratifying
results The wealth of the inhabitants is esti-
mated at S49, 500, ,O0o, ,0009 or nearly $1,000 per
CAPITA The items of principal value are in
houses, $13 100000; farms, $9,615.0OO,00O;
manufactures, s., Cos, 100000; while we have
$72O, 900 worth of bullion and $315, 100000
in shipping. The capital outlay on the 93,671
miles of railway is estimated at $500, 100000
The farmers have very materially added to the
general prosperity, the acreage titled having in
creased from about IS, coo, 900 in 1870 to nearly
20OOO0OO0 in 1850, and they have furnished
2,G13,O000O0 bushels of grain, worth about
S2,OO0,OOO,O0O. and 81, ,S2O000000 worth of cat
tic for the food of mankind. Although the
tonnage of American shipping has declined
from 5,354,O0O tons in 1850 to 4,2930O0 in 1850,
vet the foreign trade has doubled in that time.
Our imports in 1850 having been worth $663
100000 and the exports $S36,OOO,O0O, being a
foreign commerce Of $50 for each man, woma n,
and child in the United States during the year.
The first mint in the United States was es-
tablished il Boston in the year 1862. 1t was
established to coin silver and keep it in circu-
lation but as il was breach of the royal pre-
rogative TO coin money, its coins-shillings, six
pences, and three pences-were pre-datod. 1t
was soon closed by orders from England; but,
notwithstanding them. it was again leased, in
spite Of prohibition by the mother cou ntry, in
1913. It may be well to say here that the issue
Of mediums of exchange by the coloni IS in any
form metallic Or paper. We're from first to last
opposed by Great Britain, and conseq Icntly by
the governors Of the colonies who were ap-
pointed by the British government.
= H., !
Northwestern, Chicago, Milwaukee and St
PAIL, Chicago, Burlington and Quincy, and
Chicago, Rock Island and Pacific Railroad com,
panies met in Chicago SepteIaber p, and
signed an agreement that viii av ert the threat
cncd war to northwestern point Is. The agree
1nent on the passenger traffic is to maintain
rates. The agreement is TO % into effect DC
tobcr T. and is 10 last one year The Chicago
milwaukee and St. Paul roaI is admitted t.
the Iowa pool on equal tern as with the othe,
roads.
The Meteor novelty in the steamship line
was launched at Nyack, New York, recently
1t is intended for ocean navigation and is The
first yesscl of the kind yer built. Having
domed deck and no masts il is contended tha
this STYLE Of vessels VIII prove the fastest eve
built The Meteor is expected TO make twenty
one miles an hour. She will make her frs
voyage in October.
The Cincinnati Underwriters nave decided
TO advance the rates of insurance on account 0
the detective hose used by the fire departments
II seems that there is no money in the munici
pal treasury available for the purpose of replac
ing the worn-out hose.
THE CROPS.
The attention Of the Agricultural Bureau ha
been drawn to the statistics of the cultivation
OF rice in the United States il 1881, as given
before the Tariff Commission at Savanna
Monday, and the following facts and comment
have been elected: The number of acres re
ported IN rice in the United States by the cen
sus Of lssO vas Ia, ,17}, the number Of pound
produced, II0,l3I ,373 Of clean rice-an averag
product of G32 pounds per acre. The acreag
of Georgia was 34973 which is about one-iftl
Of the total area IN rice South Carolina haC
TS375 aeres and produced 52,077, ,5l5 pounds, o
nearly half Of the total production Of tn,
United States. Louisiana had nearly as mucl
as GcoJgia in the census year. The number o
cult ators is far less than the number of acres
Will 81 Eannah the number Of persons inter