The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-12-22

Tsf question Of silver colnngo aud tic w.
suance uf silver certificates Is already az.
tracing The attention 0f Congress. On last
Tuesday Mr. smith, Of Illinois, introduced
4 bill, which IL intended to restore TIC legal
Sender character Of silver, Section . pro,
yides that any holder Of the coin authorized
by this act may deposit the same WIN inc
Treasurer, or any Assistant Treasurer, OF
the United States In sums not less than
$40, and receive therefor certificates at tic
option of tho holder of the coin OF the de-
nomination OF 81, 81, -, or $40, correspond,
ing with the denomination oil the united
States notes"
The law as IL now stands permits the issue
Oslo certificates only. Mr.. Smith having
been banker for sixteen years, says that
he knows the people preier.a paper currency
to coin as q circulating medium. lie also
introduced bill authorizing the issue Of
gold certificates in sums of 80 and $iu
In addition TO the 500 certificate now au'
thorized.
Mr.. Marsh introduced bill authorizing
the taxation by the States of the legal-ten'
der notes of the United States; that the
Treasury note of the United States, known
as legal.tender notes, shall be liable to tax
alton on an equality with gold and silver
coin during the time they continue TO Dc
redeemaple by the Treasurer, ana nc
longer.
THE estimated loss este creditors from the
failures of national banks during the eigh'
teen months since the passage OF the act II
Sc, 240, 600 and the annual average loss has
therefore been about $346 ,0OOin the Dusines,
\ of corporations having an average capital
Eof about $3.50, 900, 600 and deposits averaging
about $500, OO0, 900. Twenty-one of these in
solvent banks have paid their. creditors IL
full, and ten of them have paid more tnail
as per cent each. The individual liability
OF shareholders of.insolvent banks has been
enforced in ftty-thres instances and about
$2,700,0O0 has been collected from TINS
source.
The Secretary of the Treasury, in est
mating tor appropriations for lss2, calls 1oi
the following amounts to be expended III
Texas: For construction Of military works
ON Galveston Island for the defense of The
city and harbor, $50, 900; for improving the
mouth of the Braxos, $l0O,OO0; Buffalo
Bayou, 100000; for protection OF the river
bank at Fort Brown, so, 900; ship channel
in Galveston Bay, $95, 900; Neuces RIVER
$1S300; Sabine River, 1900; Trinity River
$4,000.
The local indebtedness OF the United
States is 81, l17,S2l GIL. They are trying tc
raise another howl against paying. the ma
tional debt by showing that as it decreases
State, county and municipal debts are grow
ing 80, :. c.,;eo,
IWenty-elSHt MINES, locateu IL Coitioi
mia, Nevada Utah, Arizona, DAKOTA, Col
orado Montana, Mexico and Michigan
have Reimbursed their stockholders in the
past thirty days, to the aggregate amount
OF $1,7S2,125.
< quarterly report of the Western Union
Telegraph Company for the quarter ending
December 81, 1881, shows estimated net
revenues for the quarter of about $2,0lO,,
5A. A dividend Of " per cent is declared
payable OH the 10th ofJanuary next.
The New York Banker and Broker thinks
Secretary Folger, by his offer 10 redeem
$5,OOO, 600 per week of bonds embraced in
the Tooth call. has now done all that can be
done to insure easy money for the next
month, and it only depends upon the cues
ton whether the holders Of these bonds are
willing to surrender them or not.
A law authorizing the .smission of ST.
100000, in one and fire cents nickel coins
has.been. approved by both houses OF Con
gress. u.
Senator Vest has launched Capt. Fad:
bill for ship railway across the lsthmus O.
Tehuantepec. The bill provides that the
government will guarantee $lW,U0,OOO o.
bonds when the scheme is proved TO be
practicable, and 100000 expended on it
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