The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-12-15
FINANCIAL.

The following is Senator Shermans bill
to provide for the issuance of per cent.
bonds This bill bears upon its face evil
dence Of wise policy, and while it will no
doubt meet with opposition on the part of
the bond-holders, it will be approved blythe
tax payers and the people at large. There
is no gentleman who is more familiar with
the subject of finances than Senator Sher-
man, and we have no doubt he is correct in
stating that at the low interest of 3 per
cent they will command premium in the
markets from the day of their issuance:
''Be it enacted, ETC., that the Secretary Of
the Treasury is hereby authorized to re-
ceive at the Treasury, and at the office OF
any Assistant Treasurer of the United
States, legal money of the United states to
the amount of $50, or any multiple OF that
sum, and to issue in exchange therefor an
equal amount Unregistered or coupon bonds
of the United States, of the denominations
of $50, 500, $500, $1,000 and $4,000,
of such form as he may prescribe, bearing
interest at the rate of per cent.
per annum, payable quarterly or or
semi-annually at the treasury OF
the United States. Such bonds shall be ex-
empt from all taxation by or under State
authority, and be payable at the pleasure
Of the United States, after January l, 1887;
the order of their payment to be deter
mined by law, or in the absence of snch
legislation, by rules and regulations to be
prescribed by the Secretary of the Treas
ury. The money deposited under this act
shall be promptly applied solely to the re-
bearing 81 per cent. interest, and the ag-
gregate amount of deposits under this act
shall not exceed $500 600"
The following summaries of our foreign
troda ora fran tha 0rtnhar rQDOrt of the
Bureau of Statistics:
Month ended October 81, 1881. .......s 9,271, $3.50
Month ended October 81, 1880 ........ 81. 663,57l
Ten months ended october 81, 1881 1S0, 473 so3
Ten months ended October 81, 1880 los, 462, 49l
Twelve months ended October 81, 1881 2l7, SS7 S5s
Twelve months ended October 81, 1880 l55,576,3-7
The excess of the imports of gold and silver
coin and bullion for the same period, as
compared with those OF the previous year.
was as follows:
Month ended October 81, 1881 ........ s Tl6s,O13
Month ended October 81, 1880. 1852 l5s
Ten months ended October 81, 1851. a, 1872 ll9
Ten months ended October u, 1881: 1850 se3
Twelve months ended October 81, 1881 69,93l lSs
Twelve months ended October 81, 1850 ca, 25o6 $50
A dispatch from FL Paso. Texas, says that
an enormous body Of very rich gold, silver
and copper carbonate, forty feet thick, has
been struck in the Memphis Nine.
Orange mountains, east of Las Cruces.
All the Germans engaged in the
Batopilas Consolidated, Mexico, have STAN
peded; fifteen were drowned while on the
way to chihuahua City. All the miners in
the Cusihuirfachic and Santa Eulalia
mines, near Chihuahua City, have struck
because OF III treatment and the alleged
failure Of the New York contractors who
engaged their services. Heavy. strikes OF
gold and silver ore are reported from Do
lores district, West Of Chihuahua. Stage
-. ,.,-. f-,v,, Chfbnahua ro,ort that In.
dams are causing great trouble TO miners
north and west OF the city.
The expansion OF bank circulation
bears witness 10 the continued spread Of
the business boom. There vas an increase
of 81 ,707, 600 in November, against 81 $751;
0ogln October, while the increase in year
Governor HcEnery, in his message to the
called session Of the Louisiana
Legislature says the financial con-
dition Of the State is unsatis-
factory. The expenditures largely exceed
the revenues. The appropriations against
the General Fund for 1850 and 1881
amount 10 s1,ss2, s29.71. The revenue
from licenses and tares, General Fund,
estimated. amount 70 s75s .pzz, showing
q difference between the estimated revenue
and the appropriations OF $50 SSH.
There IL no reason for the continued CRY Of
moor Louisians" and her impoverished PEG
PIE. We must realize the fact that she ~
rich, and force her 20 the 'front.' rank Of
states. Her assessment roll Of 1889 shows
! valuation Of tf77,06. z9, and for ISL
ffs1 $3.50. This Il wrong, and should be
corrected; such valuations do Ne no credit.
Wien the property Of this stats Il thor
ourfly assessed, even at t-o-thirdt of its
value, Il VII show valueti0n ~ quite
$50 D0o0o. Tie constitutional limit on
Inrnfion viii then be more than sufficient
he tar rate can then b reduced. the state
sustained and our State debt
.nnua1lr decreased. COnfdenC. VII Be- 1
resiorsd. our bonds win Be- On the market
= reasonable iutfrest CON mnlIdInRa pre-
r.lnm. o1r'it.l I'll rapidly Esd ~ va
nrr1 and W III 10 longer b. nuull1led
i TIE ~ rre1f a onr State
silver 1oIInrs with holes m hem nrt
b mildly rurnerUus. but t1sT AZ not half
v rsIrfrur numerous as hole EIlhout anT /
I've 1nII1rs nroun1 ther1
Tr1nrFInr ~ tIIs star nal sErrIcl during /
: rrrrrIIn 49, rr1f Io00no0
T1Irrr Il r~rr f11D0o10 mcrt nssess1d i
..--1|r-Ir r. Trrrs.s.s 81 1ssl tt1ri1f 10. i
Tt.4 tt.I frrEirr c1rr.r- c-cz - t11 I nlfe1 I
s.r.rs frrirr TIE Inst fsctl Te1r r1s 81
IS ~ ia Erp1ris rert f3l117.1B N