Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1871-10-23
Financial.
From the s. =. Alt. of the sal


The demand for Money continues
very active, although the supply is
good. The amount Of bullion which
finds It's way to the Mint this month Is
large, and the coinage will be over
s !, 1000, 900. This mouth, however, the
taxes will draw owe $4,000 600 into
the State Treasury,and the customs du-
ties will absorb $500, 900 more, and the
internal revenue will swell the sum-.
In addition, the Insurance Companies
are levying assessments upon their
capital stocks. The Union has called
for 45 per cent, amounting to 1887, 900,
and the Pacific for IS per CT, amount
ing to $3.50, 900. Some ofthe other COM
panies may do the same. There are
also 1910, 900 of mining assessments
called In this month. The whole sum,
as far as notified, Is then $4,O27, 500,
besides the internal revenue taxes, to
be paid this month. Of this sum about
one-fourth is only for insurance stocks.
Very considerable sums are paid every
month for mining assessments ; but
this Is a kind of skinning that. like the
time-honored acts of the ~kind-hearted
fish wife, the public are used to. But
the new demand of the Insurance Com
panies, although Of less extent, Is an
innovation which has stalled the pub
lie mind until its real significance has
been more maturely considered. But
a n extra demand, exceeding $4,000
900, for the month Is important, more
especially rs the wants of new mining
districts are considerable. However,
rs we have said, the gold bullion from
the interior has flowed Into the Mint to
supply one-half the amount, and the
rich mines of Nevada have supplied,
on San Francisco account, halfas much
moro in silver in excess of last year,
leaving 81, 900, 900 to be managed, and,
with the first of November, the dis
bursement of the city taX.money will
commence. The swelling streams Of
the mountains and the approaching
rains will put in activity next month
mines which will supply more than the
Chicago losses, and also reimburse con-
siderable loansthat have been advanced
to miners. There is a reasonable pros
pect In the present state Of the ex-
changes with the East that money may
become again q drug in the market,
more abundant and quite as effective
as cunderango in dissipating the cam
cerous debts, which are aggravated by
high rates for money.
A New York paper contains a con-
tribution from the Chicago insurance
paper, which states: ave have, In a
previous card, placed the loss by the
Chicago fire at $S5, 900, 900: Now, that
we have some data upon which to form
a more accurate opinion, w place our
estimate at $50, 600, 900. Some Of the
estimates heretofore published are
manifestly monstrous exaggerations.
The salvage will be large-much larger
than the judgment Of an excited popu-
lace would DO likely to suggest or adj
init. Already it is known that Of the
vast amount Of grain In elevators,
only about 1900, 600 bushels were de.
stroyed. Thousands Of such items will
be reported within the next few days,
and until then nc man in the world
can make even a tolerably close APP
Proclamation to the actual amount of
loss by the fire." In relation to the
effect upon insurance business it says:
1--WE think that the wicked lowering
Of insurance rates by ambitious and
reckless young companies will not be
persisted in, and that there will be,
for twenty years to come, a better
selection of risks, the establishment Of
ample, we'll organized. paid fire de-
partments, the prohibition OF building
In wood within the business limits of
cities, the storage Of highly combusti-
BILE and explosive substances in secure
places, and the use Of flreproof cor
nices, window-shuttcrs and casings.'