The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-10-08
THE WORLDS WEALTH
FACTS, FIGURES, POUNDS, DOLLARS
The Number of Shops ON Earth-The
Cost of Raising Cotton.

A correspondent writing to an exchange.
fom Bamberg, S. O., under date of July 3.
1880 gives careful calculation of the cost of
cultiVa'l1g cotton on a place of $50 acres,
with the result of showing aproft Of $40 IS
per acre. A statement Of expenses In detail
aggregates 1881 u, and the yield is assumed
to be 81, 400 pounds, or an average OF PIG
pounds per acre. The cost is, therefore
5 Ills cents per pound, willis the average
received by the planter in 1879 was l0I
cents. The land is assumed to cost $40 per
acre, or $1,000 for the $50 acres, and it is
assumed that $l,T00 are required to psy
wages and other expenses during the season,
on which interest is allowed for four months
The writer assumes "the cotton crop has OF
late years annually netted upwards Of $780,
600 900 clear profit to the southern states.
The capital employed in feeding and
clothing the civilized world is amazing. 1t
is estimated that there are frem asa, O00 600
10 600,0O0,000 sheep in the world, or, at the
lowest estimate, $40, 1888 miles of sheen, if
strung along, one closely following the other
or nearly enough to encrcla the world
thirteen times. 0fthese the United States
has SO 100000 that is, nearly enough to
ID,
row, from New York to San Frsncsco.
Great Britain has about the same number of
sheep as the United States and her wool clip
in reased from 94,OO0000 pounds in 1901 to
1926, 000O00 in 1876. France and Austria
produce about as much, but the United
Stats product is only about 200,00OO00
pounds, not two'thirds that of Great Britain
The great sheep breeding countries of Aus
Ia. No A Al
river Platte, brought the t tai wool clip of the
world last year up to 1897 100000 worth at
low estimate, f8OOOOOOOO.
The treasury accounts for the last fiscal
year, compared with those of the previous
year, shows the following receipts and ex-
penditurCs:
RECEIPTS. 1879.
,25O, O47
Intern Al revenue. ll3. I6l $40
MISCELLANEOUS OBSERVATION-DISCLOSURES. 49, $50
Total .....,.... -...............,s 278, 81, Is3
EXPENDITURES.
Jralnaly ',..:'''' 'si6l ,6ig, WI
Interest ON deGt...".. lO5, 1871 $40
Total, $685. ~ ,SsS
RECEIPTS. 1880
customs ...."..,..,.............Sls G, 522, 1858
Internal revenue. Observation-Disclosures. l2i OO9, 374
miscellaneous ......,.......... ....., 2,S95, LIZ
lOIul ,SJjd, JlO,bll
EXPENDITURES.
OIunary .SlbJ WU,Ub2
interest on debt. 95,I5I,5i5
Total. ,s264, Si7 ,637
The increase last year over the previous
year was SI9,272,0l8 in custom receipts, and
SlO999,997 in internal revenue. The
accounts show that the customs receipts were
larger during the first quarter of 1879 than
during any other quarter of that year, wilhelm
1880 they were largest during the third Guar
ter, and tina: they we're nearly ST., 100000
greater during the last half than duringthe hrs
haf of that year. The increase in internal
revenue has been pretty constant
since tho beginning of 1879,
though the first quarter in each
year was least productive. The OK
penditure: for 1879 included S5500,0O0 on
account of the fisheries award. Exclusive
of this item, there was an increase ia ordina
ry expenditures in 1880 over 1879 Of sboHt
Sl30OOOOO, due to payment Of pension
arrearsges Tie payment of interest in both
years was largely increased by funding oper-
ations, watch involved payment of interest
on two sets of bonds representing the same
indebtedness, for periods of time approx
mating three months. The interest charge
on the Both of June, rs the debt then stood,
was $79,2l3,9Sl, Since then il has been
reduced 81, 294, 34S BY purchases of bonds,
and is now S77,9lg,G3S. 1t will be reduced
to $74000,000 probably, by the end of the
current fiscal year, unless in the meantime
congress shall find new ways of
spending the public money. Congress
will be asked to wall in the Mississippi
river, and construct reservoirs ut its head
waters; to buy and enlarge the New York
canals: 10 pay for cutting ship canal
through the northern part of the Florida
peninsula; TO undertake similar jobs in Mary
land and elsewhere; " refund the cotton tax;
to expend some millions in aid of American
steamship building; and to do no telling how
many other things. If congress can be in
duced to do tenth part of the many things
that various people want it TO do, there will
soon be an end to the reduction of the debt,
and an increase in the interest charge. 1t is
hardly probable, however, that the present
congress will either embark in many of the
enterprises demanding its attention, or
greatly reduce the taxes. We may, there
fore, look for continued reduction OF the
debt and the interest charge until the assem-
bling of the next congress.
A dispatch from Washington says: Tho
bullion funds of the New York assay office
will be increased by the transfer OF $4,000.
900 gold coin, to enable the superintendent
to make payment for foreign gold coin de-
posted for American coin"
The deliveries of foreign gold coin and
bars at the New York assay Office, from
Europe, for the week ending last evening,
were 49, 426,300, The total arrivals of for
eign gold coin and bars from Europe, from
August to October |, were $50, BAG, 800, and
of American gold coin Sl,722, 800, making
the total receipts S27,069, 400. The pay
ments by the assay office for the week
amounted to S4,720584.
ltappears that there are 10 factories in
this country, producing glucose at the rate
of about 500 tens a day, or 800 100000 lbs. q
year. The manufacture began in the United
States about 1867, and, although several es-
tablishments were quickly put in operation
at various points, most of them proved tinau-
cial failures Since 1875, however, the bust.
ness has prospered, and the impression is
general that it is very profitable. Some lC
or more additional factories are now pro.
iectod; SO that it is probable that another
year will see it product of 1000 tons daily
average. Elsewhere than in this country
glucose is made mostly from potatoes, but
here it is almost exclusively made from corn,
Each bushel of orn makes from 20 to 30 d
Of glucose (syrup or sugar., which brings