The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-11-24
FINANCIAL

p.naa. November 2l.--Ouf banks have
.sv an abundance Of money, ana discounts
|. ave been unusually light during the pas'
week. Cotton Is beginning TO move 70
,tber markets, and holders, II seems, nave
ired Of longer waiting for the expected ad-
vanoc In prices. Our merchants represent
collections good. and the asking for mohsy
~, commercial paper has fallen OIL largely
In the last month. Rates OF discount have
NOT changed, while tho demand Tor money
Inns fallen far below that OF any previous
year The financial status OF Dallas and
North Texas Is in more satisfactory condi-
t;on than in any previous year in the MS
tory of our State. Our farmers and planters
are prosperous, and year by year their m
dustry Is adding to the wealth Oh our Guy
and our State. -, ,o,,, l.,
use as money; the Treasury has only, a
small balance Of silver now belongingto the
Goyernment Of the 81, 900 900 OF silver dol
lars coined, there are 32,0oO,OOO IN actual
c;rcnIation among the people, and there, are
M 0OO OOO outstanding in the form OF SILVER
cert;ficates so at this time there are no sill
yer dollars in the Treasury belonging 10 the
Government the ownership has been zee trans trans
ferred to the general pubic. Inc siiVer
certificates are redeemable on demand IN
silver dollars, and these 10000, 900 are add
cd TO the general currency OF the
country. But the Treasury Off
dollars, always speak of the silver
in the Treasury as SO much coin refused by
the people as currency, and carefully ignore
the fact that an equivalent in Treasury GER
tificates for every one OF these silver dollars
is outstanding. So that all the silver DOL
lars coined since 1878 are now practically
circulating among the people. The demand
for these silver dollars is increasing, and
such is the demand for silver certificates
that the Treasury has recently been forced
to refuse to issue silver certlhcates In ex.
change for gold, because OF the want OF
4 yer dollars to represent them.
The annual report of Surgeon-Generai
Barnes says the cost of medical and hospital
supplies actually issued during the last MS
cal year was $1S3, 253 AZ. The Surgeon.Gen-
Increased appropriation to meet the expen-
ses of the medical department for the hscal
year ending June 80, 1855, and says that $780,
DOC will be required for this purpose. One
important reason mentioned for recon-
mending an increased appropriation is the
fact that the department. is obliged to fur
nish medical and hospital supplies Tor the
use of several thousand Indians held as
prisoners of war. Respecting the health OF
the army during the past year, the report
shows that the total number OF deaths
, from all causes among white troops was l97
or 8 per 900 of the mean strength, and the
total number of deaths of Colored soldiers
rerorted from all causes was As, or 70 per
1000. !.
Register Bruce, of the Treasury Depart
ment, in his annual report for the fiscal
year ending June &c. 1881, refers partlcu-
larly to the immense amount OF labor i'm
posed on his office by the continuance OF 8
} and 6per cent. bonds at 81 pr cent His work
was not completed at the close of the fiscal
year, but the aggregate amount OF BOMBS
issued during this year. was nearly $500, 600,
600, an average of about $780, 600 daily. The
issue of continued bonds involved much
more labor than the issue of new loan
would have done. In the latter case the
bonds are issued upon certificates of deposit,
signed by the. Treasurer OF the United
States, but in the former upon the surren-
der of old bonds, each one of which had to
be examined to ascertain that the assign
Ment is in proper form and duly attested.
DALLAS, November 22.--The financial con
dition of the country has never been in as
favorable situation as to-day. 1t is true
there is heavy national debt which must
be provided for, but this is being reduced
more rapidly than the most visionary ever
contemplated, and with economy it will be
entirely eXtinguished within twelve or fif-
teen years This abundance of money is
beginning to attract the cupidity of office
holders, and the next annual reports of the
heads of all the departments of the govern
ment, save the post-office alone, will ask
for larger appropriations, when every think
ing man who has investigated the condition
Of our national affairs believes