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E NEW ORLEANS DAILY DEMOCRAT.
OFFICIAL JOURNAL OF THE STATE OF LOUISIANA AND OF THE CITY OF NEW ORLEAfS.l VOL. II--NO. 244. NEW ORILEANS, SATURDAY, SEP'TEMBER I, 18[77-TRII'LE SIIEET AND SUI'I'LEMENT. PRICE, FIVE CENTS. · - -- .m nu -nl n -°I 1 ll m I m aeI~ l m i - ". - I.l a inn.nmlann ei mlnn DIRECTOIRY FORl READEIti P tnA(iE -TelegreDthio DblsatCheat N-w Ori.na Palflo Railroad: Anndal : ommer ela .tintetept : Arlvertlsements. OND StAalt--Annu- CamerriRl State H a'" 'AOE- Eltorlah The Sugar Intorr't.e , tt ailn ; Advertheetn t a. O tPAG I-Rdi.rital: lie Itll OCrop or 1;7 neser Noth'e; Advertisements. I AGE-An ual to ,jner'ial Statetnflnt. x'llP 1'Al Eid torial PIado of New Or lewuan With .ianish Amerlca; Judge BII Ige; Advortisee ents. a Avvc V A vý}I- ' prti~etents. P( H I'AG A -Mfunhlipll Matter;; City Or llancese BUiinoes Notilese: Advertise l ACti - lrlail Advert s Pmet. uL~er11811 e t The Iame Layal Adyer A'- Statemeat t A - Vuetr.ii oume Matters I t In pr Pk iW News .dvertteint lhtu. -1 E, r -- ap toh "f New Orlsans talt 1I, ro.ad: Advporlisemonts. 0 FACTORS AND TRADERM' INSURANCE COMPANY, .$.t . .... ...Carodelet Street ............ 87 Pald up Capital, *1,000,000. Assets April 80, 1877, $1,0.82,908 66. -AT LOWEST TARIFF RATES. ED. A. PA IFREY. Presldent. .I NO. CH AFFE. Vico Presdoit. THOS. F. WALKF':. Merrturv. Shin I. Noble. T. Lytt, Lyon. John Ohatff, 14amuil H. Boyd, libchnrd Milliken. Joseph MoElroy, J. 1. Warren. Wn. J. Behan. It. T. Elinkner, 13. F. Eachleman. Nam 'I Friedlander, Wm. C. B!]ack, A. A. Yates, ('ha. Chiffe, John 1. Adams. L. C. Jurey, I sase B,.herck. Wi. Hartwell, t. M. Walmelry, C. J. Leeds, A. 14. May, A. T. Janin, h H. ,14nowdott, Joe. B)owling, A. M. Blhkham. ol, DR. F. WILROFT, i1. wt. .Charles Street, Hue returned to the city and resumed his I rs t ie.. e IflT W'AUKENHA MINERAl NIPING WATER. For . al at N l l .t. (Lyha rles.ret. L ydor Mn.o nih, Manll. l 21 C- d l stre et, Touro Builhitng. oh. ni I. A . C r Dl.F WLOT $01 mt- :m icdiii d lr BROOK STEAM RICE MILL. C. 11. ALLEN. This is the MONT EXTENSIVE MIII, In tiet Soulth, and] lthe uality of our RICE UNSURPASSED. MILlING RIATES: No. 1. 1?4 f. It; No. 2 ie i lb. SACKS FURNISHED On orders to LOCK BOX 976, New Orleans. Eight SACKS of BRAN returned to the planter for every ouo hundred barrels RICE received. gtSI, 91 and 98 Tehouplteulas Street, 81el NEW ORLEANS. ROYAL CANADIAN INSURANCE CO. OF MONTREAL, DOUGLAS WEST, Manager, -'epartment of Gulf States, 155 oRAVIBER STREET, NEW OBLEANS. au31 1m --'*rE-- ACME OYSTER. HURRAHt HURRAb! HURRAH I No excuse now for not eating OYSTEIIU, when you can gat the world-renowun'd ACHE OYSTERS -AT TIE AOME OYSTER BAY, NO@. 9 AND t1 ROYAL MTRNRET, At Twenty Conts per dozen. The Acme Bar is supplled with flannis' AOME WHISKIES, flnest of BRANDIES and WHITB WINE. HOT LUNCH from to to 1. elt it ALEXANDEIt HAY, WILLIAM MEHLE. HAY A XMHELE, COMMISSION MERCHANTS, For the purchMae, male, forwardlinr atd RhiV imfent of Hlides, Wool and Leather, Beeswax, Tallow, And all Tanning Mlaterlals, a8, 40, 42 and 44 COMIMERIC ITRIEET, omece 11I and 114 Mouth Peters street, FORMERLY NEW LEVEE SBTEET, NEW ORLEANS. W. H. BEANHAM, Snie'hor ,t IsEHAN. THOr1N & C(.. Wholesale DenIe'r in Hlghwines, Alcohol, Splrlit antd Whlaky, 14 PeterM and 14 Treloupitoania st. M. HCIIWABA('HEII..T. M. FRIOWENVElD. M. PFEIFEI. Schwabacher, Frowenfeld & Pfeifer, E ENE AL COMMISSION MERCHIANTS FOil T'IIE , ALE PORK, BACON, LARD, HAMS. FLOUR, CORN MEAL, GRAIN, BUTTER AND CHEESE, 03 and 95 Poydrac alreet. -AND 61, 69 and 71 Magazine Mtreet, ,I , NEW (LEANS. 801 it BAGGING. IRON TIES. 250( I(,olls and half rlls Hon-vy Jtt, IIAG fING, AR ROW 'PIES always on hand. Flor sai' in lot. to suit purchasers. CRANE, MELHADO & CHISM 104 POYDR AS STREET, Agents AMEIIA('N COTTON TIE CO. set it ( ,imitle.) W. G. TOOMER, General Commission Merchant, Offlce, 4S Carondelet street, corner Union, New Orleans. LUMBER. TIMBER. STAVES. NAVAL STORES AND COUNTRY PRODUCE. . Liberal advances made on consignments. Purchases made in this market for account of my friends. Sole Agent in this eityof Robinson & MMillan and MeMillan & Son, CELBRATED STOCKTON CYPRESS MILLS. sel It GINSTANDS FOR SALE. THREE "DuBOIS" GINS FOR SALE CHEAP. One New, 50 Saws, at $3 per Saw. One Second-hand, 60 Saws, at $2 so per Saw. One Second-hand. 55 Baws, at$2 s~ per Saw. Terms--Good City acceptance, due 15th No ember. ALLE & CAMMACK.erstt, sel it 193 Gravier street, IDA I Y 1E MO cAT. Ofmcial Je'arnal d the allst of Lofdlau. Official J.wrnal I the Cfry of New Orlerns. Oliae. 190 Graier J ttSwt. GOIRGIE W. DUPRE & CO.. GUORGE W. DUPIRE, H. .J. REARMRI, IOHN AUOUBTIM, ALfEW1t C. .ANIN. H. J. HEARSAY ...... ......Enron. OURt SUIPPL1EMENT. The D..'orAer. In estlitna the attention lf Its readers to the 8upplement iasned In thib dgy's elliton, challenges their severest critiism. We polit, with some pride, to the artiftie finish of our Mat, and to the ,l'orn. s, cymmetrv nnd taQts ff our typorlphtly. This flnoplnmi.'llt wita rel ly.lV excrted int our .lJob Departmrnt., lndl ix the flirt of the kind ever suce'ssfully attempted in this city. Th liberal encur.gement whil our frirends and patronu have bestowe(d upon our enter prse, and whlich is hereby gratefully acknowl edged, will serve to spur us on in the future, in our earnest striving at. perfectlIn nl the Print ing Art. THE DEMOORAT AND THE DIS PATOHES, We announcn to our patrons that we htve perfected, at grent Oipense, arrangements by which we shall be enabled, from and alter this date, to offer them as eomplete and comprc hensive a budget of nonws ia any nlewpaper in thie count r. In spite of the many eob.stacl es tplicedl in llur way by the narrow-minded, mean and jealous collrse of our C.amp street eontemporaries, in refusing to allow us the privilege of the prees dispatohes, we have succeeded, by dint of en ergy, enterprine and large expendlituren, so far, in treselting our readeor daily with a very fair summary of telegraphlic news. Not willing, however, to rest until we had perfected lth most Somplete telegraphlc arrangelments, we sedulously kept at work until we had attanled this end, and henceforward, while we point with julst pride to 1our naews oellumns. we can afford to despise thl0 mneain but futile efforts of those papers t hat sought to throw obstacles in our way, and, by refusing us the same privi. loges enjoyed by themselves, for which we had offered to ptay'sa large bonus, to oompass the failure of our enterprise. THE NEW ORLEANS PAOIFIO RAIL " ROAD. T The subscrlptions to tIh. New OrlIans I'aif'le Railway Company's first mnirtSnge bonds are gradually increasing. Those who show at re luctance to put their names dlown for those so "erlties should hear In mind that by the time the bonds are paid for some will have been on graved and ready for delivery. so that subsIrib ors can, if tlhy so desire, obtain money from - our banks on placing t.hse bonds as co Ilateral to with in a small margin of thel r value. The colmtiany i1osre usI thait ithe roadvl nn ie ioinlpltetedl and put in running order in il vyer from now. if Ionlld,' to ll Imonrlllt olf $r7:i. ii lire Y, taken h re oIprnoi ily, si Itile i yli elits r'e''iv ali.h on this sunlmstription wouldi onlt, ht111he' ,imn p.ny to i111t 2i1IO men at work. Iin only Ill con p,'ting the gradling. hut in Ibuilding bridges and it. pDri'llrlng ''rose ties. of'. The gro'ater i o,-tion of tIho enltiregrinlinll, s on, . iril t I hot ulanl'o is of light ehiara'i''r, the swamp paIts ili ng i thn line being alrerady waiting for fthe l 'oss tiih. We (ill partlulHuir tlentl,'!.n to the following frt. that since ,t. Louis bullit her railroads and S took froml New Orlans'll a tradlle which tthe hitter hadbonefltted from aind thriven on, talthoughi '~unillinilt'ntiol wits slow. iand ll t onlllr seasons difl ult., the po.tpuhllnin of our sister titat,) hiis i In t'e .ed t at .ll r 1 n0. to 1 ) , .,;x.1 i nhabitant s. or over, and it is fifr to ams:um' that the trade of Northern ind Northeastrn Texas has trehled sinee that time: so il' we ailil Mt. Ilulols., wvin with ia road of u p grades and 22( InJle's ongi'r from Marshall thain the New Qionns I'utille line from this eity to Marshall. ti, be atil to, lit fre'ight rates so low anld oi'hnrwise t o holdl n ti, ?7 Iper i'nt of her Texas f ral'e., tilowing only )ay per cent of this tradil ti seek New Orieans, we shlltd regain the amoult of co0lm ,r'.e we' lost five yeal'rs eigo. It strikes is this 1s at matter worthy of the elosestl attent.ionl of oulr bll'liloss people and anll those who have any intoerists in this city, as her prosperity ildepends upon our eom1imer,.i, and the values of retll and pe'rsonial proportie's are immediately and s-nsitively atffctod for belttAr or worse by the increase or diminutlllionl of our volulllme of tradce. It is contended that. only those in n.etliv business will receive at ben-lit from an in creased trade, but thllis is so narrow ia view as to be held only Iy it few. n,l we fear used. for the most part. aIs an 'xtluse for nit lndling aid to the uindertaking. It Is t rue, those in busin'ss will reolive a so e'lltlid direct advantage, bo'rausu' it is it more apparenllt one, but dloes not the house owner re celve a dir,,t bentfit if Mr. A. comes here and rents a store or an offloee in which to do his busi ness. and a house in whith to live ? And those who are already established in busilness. owing to more trade, employ more clerks arid pay higher salaries to those on hand, fsome of whom go from boarding to housekeeoping; is not thii a direct benefit to the property holder ? If we assume the value of uoutton, grain stock. etc.. as estimated ill the company's prospectus, I which, we think, is not at all colored. to be rep resented by $1,oi0on.u.. and this amiiunt to leave only in drayages, i'ommissions, freights. etc.. five per cent, and cotton leaves more than 1; per bale, there would bet thus accruing $2 i0i,i.os, distributable among our people, equal to $10o per d heeaor annum for every man, woman and ' chi..ln New Orleans. a "Other People's Children," sixty cents, at Eyrich's. "The bonds are all fulfllled" and 'none play the laggard" in hurrying to the well known hostelrie of the popular caterer Leon Lamothe, whilom known as "Camor's," which, in its new dress. is more attractive than ever. The so dueti ve shrimp, the puissant panabot, the succu lent oyster, and all that appeals to the craving inner man can here be found in lavish display. If thou wouldst banquet hie thee to this famed resort, and be regaledwith all that fancy can depict. DOMESJTIC NEWN. TRB RIPFL TBIAMI. The Questinn eo Puttinlu sudley Oelph on the American Team. IAmerican Associated Presq.) NEW YORK, Aug. i1.---f-ir Henry Hatford and several members of the British rifle team went to Elm Park this morning on the Invita tion of C(i. G(ildersleeve and passed the day In shooting at glass halls. They came back to the city in the evening and procweled to Garden City to lIe in trim to begin practicing at the range in the morning. The Manhattan Club of this city have elected the members of the British and (ret let City rli ; ~ y *eambers dturig thfrbiietV-i i i thisl, _t mhe members of the Amerlean team will begin practice at Ureedniour in earnest next week, and will keep at it with but few inter vals till thJl day of the great international match. The extraordinary skill in marks manship displayed by iolph, of the Crescent City Club, lise attracted so much attention that a movement is being made to have him as a member of the team '1h11s, however, the executive committee of the Netional Rifle Association says cannot be done, inas much as all the menmbers composing the team have earned their right to a position on It by complying with the rules established. They Intimate that it is possible there may be a vacancy In the team, and in that event the New Orleans prodigy will have an op portunity to display his skill. A Remonttrance. (CINcINNATI, Aug. 81. -The employee of the Citncinnati, Hamilton and I)ayton railroad have presented a reronstranee against the order lengthening the trip time of freight hands, which is ordered to go into effect to morrow. Altlng DBoll, WAShIITNOTON. Aug. 31.-Hitting Bull formed a subject of discussion In the Cabinet meet ing to-day. It was determined that the Sec rotary of War and the Hecretary of the Inte rior should have another conference with Gen. Terry. The President's Order to Offlee-Holders to be Enftoreed. WAFsRINrToN, Aug. 81.-The case of A. i. Cornell, who holds a position upon the Htate Republican Committee, in violation of the Prmtldent's order, was briefly discussed by the Cabinet. It was understood that the President would stand by his order and make no exception. The Iowa ProVhitiotlentp., OMXALOOIA, Ivwa, Aug., l,--The Iowa Htate Prohibition Convention nominated Hon. Elias Jessup, of Oskaloosa, for Governor. It made no other nominatipns, but decided to nialke a lively canvass against Gear, the lepublican candidate. The French Expo.ltlon. [Sooecal to the Demoorat.1 (ItNcINNAT'I, Aug. 81.-The (Gazrtie'r Wash ington special says that the Administration is evidently indisposed to take any steps look ing to the representation of the United States at the Paris exposition next year, except in response to a direct order from Congress. Thlie failure of France in respect to the French exhibition at the Centennial Exprostion, it is believed, was largely due to a lack of interest, not to say opposition, of the French govern- I icent. Died. iliio iir it Ilthe De'mriat.I IAWIIENE, ltlKan , Aiug. 31.- Ex-Gov. Wil rsonl Shanlnon died at mlidllght. t The John Brown Monument. I[Hwelal to the Demonrat.] OS(AWAToMIE, Kansas, Aug. 31..- Ten thou sand people witness-l the cerremonies attend. ing the dedllcation of the Old John Birowr monument in this city. Charile Ross Found. ISpeolal to the Democrat.l SPHINmnIIr.n, ft.. Aug. 31. It is believed that the long lost child, Charlie Ross, has been found in this city in the person of a lad under the name of Gus Severing. - ----bO4------- WAR NOTES. A great Battle Imminent. CONSTANTINOIPLE, Aug. i1.--A telegram from Shumla announces that a column of Sulolinan Pasha's forces advanced from Eski J)'julma and crossed the river Lomr near Ogash nar, driving back the Russians, who, after a short resistanceo, retreated fr'om the river. Nedjob Pasha has advancedl from Rasgrad toward Torlak, repulsing the Russians and capturing two guns. A great battle is believed to be imminent. The Turks are assuming the offensive along the whole line. The Redlf Pasha Trial. LoNsr N, Aug. 31. Redif Pasha having re fused to attend the military council for trial, It has been dex:iled to bring him before the council by force. It is reported that Hafet Pasha has refused to accept the Ministry of Justice. FOREIGN NEWS. Yakoob Khan's Death. LONDON, Aug. :,. - A dispatch to the Times from Calcutta says that the report of the death of Yakoob Khan, of Kashgar, Is con firmed. It is said that he was assassinated by the son of a former ruler of Yarkkand. The Gambetta Proseention. PAR.s, Aug. 31.-- Gambetta appeared to day before the Juge d'Instruction of the Civil Tribunal of the department of the Heine to answer for an offense against MacMahon and an insult offered to the ministers in the Lille speech. M. Gambetta replied that he went to Lille with a fixed intention of deliver ing a political speech, which the situation rendered necessary, but protested strongly that he desired to slander or insult no one. A Communist Sentenced. PARIs, Aug. 31.-The military tribunal has sentenced to death Lyas, deputy mayor of the twelfth arrondissement during the Com muae, as guilty of lncendliarirmr and order'ing illegal arrests. RIVER MI WS. I'IrrraI.ItR Aug. Ill.- -iver' I inch and sta tlonary. Raining at, (; cckvhk. (.IN'INNA'fr, Aug. i.. . River 4 feet s Inches and stationary. Arrived: Cotton Valley from (Caro, .as. D. Parker from Memphis. Clear, warm and calm. ---------r ra--- ..... THN W1 ATIH E tEtaBlDAV. The following is the "temperature" at the various points named, as reported by the Signal Service telegrams furnished by Ser geant Brown, of the Signal Bureau, and Indi cating the state of the temperature at the pointe natped, ate p, m. yesterday: (, ro 9' 4egt, O tinianati 91, (l$ve ston 91, Ke ik irs, Idroese 7, ieavsworth 94, Louisville 91 Memphis 91, Nashville I0, Omaha 82 PittSburg s8, 8hreveport 95 St. Louis Cl, it. Paul 74, Vicksburg 0, Yiankton (D. T, O, Augusta (Ga.) 97, COrsicana (Tex.) , Mobile 92, Montaomttery , Savannah 90, New Orleans 92e, and Key West ts. The following were the variations of tnm perature, according to the thermometer (Fahrenheit) at Duhamel's store, on Canal street, yesterday: 6 a. in., 82; 12 noon, 1it; 8 p. m., It5; p. in., 90. It is unilversally crnceded that rext to the ilhi in tiohakespeare is to tre found the noblest thoughts, the greatest wisdom and the truest. Pleture of htnman vices and virtues. There is scarrcely anr individusal that does not. in conver sation daily mlke use ,fu some frntatlion or phrase from the writings of this great. teacher albeit in Ignorance of its origin-and so eora prehensive and vast seems his knowledge of his follow men that we look in vain to discover something in his incromparaeln works that he has neglneted t, fully dissec and analyze. There is a worl of wisdom in the brief lines of PIlonius to Laertes, on the norasion of his do Darture from the parental roof, that vrlumins 'ollld not ronder more effective. With ai countonnnce beaming with fatherly affection he says to his sonu: "(1rstly thy hnait as thy purse can buy;" and then adds, "Fortheap parel oft' proclaimns the man i" How well ho knew human nature can be attested every day by witnessing the eager throngs that gather at the fanrous shirt emporetm uof Moody, In searoh of thu Idtest, noveltlcs in shirts, collars, neok wear, gloves, hosiery and everything pertaining to the complete outfit of gentlemen Mrabdy is I rldeterniWiV to hIti1'aifl thre long astablished reputation of the holse, and will, during hl, stay in New York, make arrangements ro as to rerivel, by every steamer arriving, the latest and most revCelCere styles of gentlemen's furnslhing goods. A visit to this well known establishment, crner of Canal and Royal streets, will convince the most skeptical. till most skpDtical. hload Eyrleh's clumn. Gleonn Waukesha Springs has long been oele brated for Its mineral waters. Gee. McUloskey is thb sole agent for New Orleans. aes St. Charles and 121 Canal street. Mr. Gonsenheim, of the firm of Max Beer & CO . who nocupy the spacious and well stocked dry goodA establishment, 167 ('anal street. leaves on unday for Now York to purchase fall goods. Mr. E. H. Adams, the enterprising and cour teous dry goods merchant. No. rs, Magazine ' reet, leaves this evening for New York. to pur chase fall goods. Mr. Adams' st )re Is a favorte resort for thle lrules, and knowing this fact, the iroprietor is sure to supply his emporium of ash ion with all the latest novelties of the season. if any mishap should befall any of our steam ors. the first thong to be considered in, as Tweed said. "What are you going to do about it?" Why go at. once to A. W. Mr ffitt& Co.. who make n sperialty of all kinds of lumber requiredl by stn,,'rs. Call and poe them, and "you'll know how it is yourself." Davis, who holds forth at the, corner of Prv tam'in and Washington streets. supplies a vacIu IuII, for here the up-town resident can obtain anything he desires in the way of the "kindly fruits of the l'earth," such as bhy, i'orn, oats and bran, Wistorn producie, tn. . Harrington, at 11s Canal street. has tjaken thie lead in stationery and has m.luli a specialty of it. He has introldueed new designs that have met with great favor, but hfn dot not not glpet to, kne on hand the latest novelties. and our reeters will always find on his counters the hflest literary productions. The well-known andl favorite house of M. L. Byrne & U,.., like old wine. "needs no bush." As Importers antd dealers in foreign anddomer tie dry goods they stand unrivaled, anl mer 'hiints from t 'o country would do well to call and elxamine, their stoOk, or communlcate by ietter, as all orlders are carefully attenlded to, and when desired full lines of samnples will be forwarded to any alddress. Mgssas. NAI.1E & ('AMMACK, cotton factors and 'commission merchant-, have aw:cuired a most exalted reputation throughout the country. They ar, men who rlchly deserve the name and rname they enjoy. and we take pleasure in in forming our rtieders thut they are armply able to make 'ash advances on consignments of cot ton and protlle gne rally. Messrs. Nalle & a'ammack have for sale, which we mention piar parenthese, three Dtldiois gins. cheap. See ad rvrnt! I.4rlo nt The instructton of our ymlth is a matter of grave Im port, and now that, the control of our lcal and State affair is ( onee more vested in our -,wn . itizens. it is a pleasure as well as a duty to give recognition to the efforts inaugurated for the secure cstablishment of schools that no - longer neesitate an autumnal hegetrato a more Northern cllme. The Collegiate Institute at ,Baton Rouge is a happy Illustration, and we recommeln nd our rea ers to the card of the Messrs. Magruder, which will be found in an other column. Whether the present struggle between tussia and Turkey may change the map of Europe and Asia and present boundaries he obliterated, one fact is evident, that the, downfall of China Is an accornplished fact, for Navra, at 129 Canal s reet. has so oedleed his rloces for crockery, china r:nd glassware that even the most skep tical are convinced. A simple glance at his lfst of prices would tempt the lonely bachelor and raged maiden to "shake hands across the bloody chasm" and begin life anew nlnited, ratner than lose the golden opportunity for a first-class out fit atsuch ridiculously cheap figures. The White Building, at the corner of Canal and Baronne streets, is naturally an object of inter eat to the casual wayfarer, but an inspection of its interior is essential to a thorough compre hension of its importance among the leading features of what we may justly term " The Boku levard of America." Here are stored the choicest fabrics of Europe and America, com prising all that can adorn "the female form divine." or meet the wants of the thrifty house wife. The energetic proprietors of this Popular establishment are fully cognizant of the wants of the public and the leading features in dress white and woolen go.,ds, hosiery. laces, and everything pertaining to housekeeping can always be found on their well stocked counters. Pepin & Broussard give particular attention to the country trace, and offer inducements unsur passed by any house in the South. At Geo. McCloskey's, 83 St. Charles and 121 Canal street, can be found the famous waters of the Glenn Waukesha Springs. ANNUAL REVIEW OF THE NEW ORLJEiNSIARILT. FINANCIAL. (OFFI(E NEW OBLEANiH DEMOCRAT. Heptomber 1. 107. - In our Inst annual revlew we stated that e.* trary to public expectation the ear IsT1-7sh" differed in its general features but littleh the year previous, Its chief charaetereisles l the large amount of idle capital awgatin arse vival of trade, the regular mnovrlem) ent it was antiopated would Wqititr~e that its thire velua ottt.gIlat) & year presents somewhat ~rdanilnr Trade, although rather more ative, bril Ot materiallv exceeded its previous limits. T'htesr has consequently been only a moIerat supply of regular business paper,.R an apart from the amount requtled for th, movement of the crops, the banks have foundl their business loes prouitable than might have been fairly expected troi th e sate>t o their resources. In faot, the ret.era of the (clearin-Hlouso AssoolatblO have at tulra shown some shrinkage in the movement. U> der these ciroumstances, while the haqm hafI readily ae epted all short busine's P l, ai of that description has been effered otde, the actual supply on the street onmIeting of deserlir tlons, which, although sound, are hardly wittlth the scope of tdgular banking i.i.s, SaI .sper, however, has been In requt by private capitalists acd dealre arid, wA0 s supply of money exce@ing the doeman4l in the open market have shows ttausalean.-d. as¬s and regularity. At the North we find similar features, ia Irom the reports of aprorved finahelal a611 '4 ties, we cannot but onBelude that atmses other elements than ehlrtkag lam bthi underlie its monetary affairs, an thel strlcted limits of the New Or 1e~i really indieative of a emush sounder basie exists in many other finanieal eentre., the promise of abundant orope, not only of ton, Hugnr and ir, b.t of C irn and WhIeal thO general eondltion of the South is auspiaI oEf plenty and prosnerityi The cultivatioa i4 ens principal staples ha been le.s e.pe.site tbM planter, food has been cheaper than feE 0ist years: WiEds pork, which in previous y -I as high as per bbl., is now quoted . and corn, which at one time oominan.d i 9Q market 1 I her bahel, NfW rtale$ M N - while in some parts of Louilasna pianters hl raised more than they require for their hoe consunmptis and col I hardly sell theft ft plus at over 2~eo per bushel. W@ spt - tn6M~ iacf to ah.W the solid substratum _01 which our aomttrue rests, and that when h. suppiles of goods are approaching exhatsA there will sunrely arise an ative demand ..r solventeonsu , at lnautguating vival In trade f Whinlh we have so eagerly. this otprs . id Ift be near at hand, we shall ess motr in commerce, larger supplii. of btal.s" issued on legitimate trade and renewed ast . tion In our bank parlors. In taking a general view of OOS monetary at fairs we cann, omit noticing the general I.. provement in the financial condition of our et government, its greater oeonomy of adalats tration and the satisfactory working of the pre nilum bond settlement of the bonded debt. The organization of the New Orleans Water works Company has been delayed, owing to the necessity of having "(Moon of the Waterworks bonds cancelled before the company can enter upon its franchises. The entire amount now outstanding is a little over seoooeo, and as there is now offering about 40.r,oeo, it can safely be assumed that the company will soon go Into opetration. The effect on the city finances of this transfer of the Waterworks will be very marked anad bene·flcial. The bonded debt will be reduied strs.,0m In bonds, and the balance of the stoeb $s,2ee,r),s, will be applied to the floating debt, .o that the total reduction will be at least two nil lion dollars. The reductin of the bonded debt to the amount above stated will redneu the total of that class of indebtedness to $1n,tnott or leap. and as the premium bon 1 plan is based on a scale of ,t .oee.e.o, It follows that the city will be enabled to incressd their drawings without any addition to the annual revenue applied to that object. We are indebted to Mr. I. N.Maynard. maaa of the New Orleans Clearing-house AasoPoifeo for the following statement of the cleoarfa and balances for the years ending Juneb,173-4--y: Clearings. Balances, 1872-73 ..........l,716,239 06 $58,953,lu A 97:i74 ..... 476,275.554 99 62,751419 0 1574-75 ..... 406,59,492 otl 45,295,49~ 1i7-76 ...... . 42,2,15 59s 47,97,79mls e 187-77 ....... 414,527,870 21 47,29.,875 1 GOLD has ruled considerably lower than last ye1u, and, notwithstanding some irregularity fri poltitlal influence at home and abroad, yet. un der the balance of trade in our favor, has B.own a general decline sincr the commenceme.oto the year, touching within the pastl month the lowest point since the war. The course of the market is indicated by the following whise show the extremes monthly compared with l.t year: NEW ORLEANR. NEW YOfl. I7rre-c. Lowest. Highest. Lowest. Bighelt. rt4rtomber... 113t 117'4 114!; 1171 October...... 114,: 117 1143 117. November ... 114" 1161. 114' 116 December ... 112! 115 112': 115 January..... 112. 113'4 112, 11853 F:ebruary.... 112'; 114'. 112' 114. March ...... 113', 115 11334 114Y April......... 113 114 112'i 1134 May....... 112)4 1131 112'4 118'.u June........- 112 113 111% 112a July ......... 111,. 112; 111, 112% Augultt ...... 110' 112 1.9% 112 1876-7. ,.ootember... 109.1 110! Il'. 1105 October...... 1 111 10t 110 November ... 109 lll3' Ires 110 Decembe.r ... 1W07. 109" 1 e 109 January ..... 10o5 107'. 1031 107 February .... 10 104 4 0' 15.% March ....... 104, 1061.. 104'. 10'4 Aoril......... 104t 1 104(M 101 Say....... .. 7. 10o. 17' 107'4 June......... 1(04 11, 1 1010 ' July ......... 105 15 1o5' 1056 August ...... l00. 114 11.i. EXCHANGE. In sympathy with the course of Gold and bills at New York. Foreign Exchange has ruled at wide and irregular though much lower rates than last year while Domestic Exchange on New York has been higher throughout the past than for several years and for a longer period at an unusulal part of the season. PRICES OF COMMERCIAL fTrERLING. 1876-77. 187-76. L,,we t. Highest. Lowest. Highest. September 32 52 550 51E O)C,t,,r .. 520.; 521 542 553 Novemb.r --.. 14' 330 43 5. December . 5 . 5. -r 10 se4 January 5 :07 538 543j February .r - 510 543'; sit tarch ...... 501 507 49 rfll . 504' 2 5191: 543 55 -ay .........5163. 519 . 546 50'1 June .. . -57 51: 4 54 8 July ...5....47 510 543 546 August.... . 497 50106 538 4t