The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-09-27
COMMERCIAL.
HERALD OFFICE,


MONDAY EvKNIEe, september ~
All our buainess housee, to-day, have been
closed out of respect for our late departed
president, ind business has been at stand
still. Our xThoesale dealers have shipped
goods upon orders, but the retail trade has
been suspended. In consequence, we have no
reports Of business to chronicle.
COTTON.
About two hundred bales of cotton were on
the market to-day. Prices advanced One
eighth, and the market was nrm,
Good ordinary. OBSERVATION-DISCLOSURES ~
Low middling. ACKNOWLEDGEMENTS A.. =
hluuillng: ;;....'''''' ,05
strict mluOlihk .'ss''...' '..''''''''''''''
Good mluditnB.. Az ~
MddlinB Observation-Disclosures '''''' 10
The exchanges all over the country were
closed to-day, and no reports have bsen re-
ceiyed. ...,,,,,s,
There are now In circulation $1,000, 900 trade
dollars and IN EFFORT will be made, probably
by the holders. TO have the government re-
ceiye these dollars atpsr, and recoin them into
atandard silver dolars. These dollars con
tnIn t-2 grains moge of silver than the et0nd-
ard dollnrs When She value Of silver IT. 81 ION
largely declined the treasury department con-
tracted with individuals TO coin Ihese dollar
at the United states mints, in order that per-
sops trading with China might swindle tht
Chinese, and oven congress lent helping
hand TO those Ubiquitous proceedings,
and on tho lath day OF February. 1873
made them q legal tendon to the amount of g.
Knowing that theBa trade dollars possessed
more intrinsic value than the standard dollar
many individuals, end 1t ~ aaid some baukr
boarded them away In the hope that ct SOME
early parlOd they would command premium
over the egal1ed dollar, But congress, H..
nuenoed, no doubt, by Il high sense OF honesty
and luahce TO tho Chinese on th'
End day of July, 1876, deprived
these trade d0llsrB of any coin valu,
md put upon Thorn nothing more than bull
ilon valuation The h)lerB believe that, NJ
these trade dollars we're coined ut the govern
ment mlnta, the government should receive
them at pnr. The probabilities are that the
indiylduAlA who had their silver dollars coin.
edswindlod not only the Chinese, but the In
boring cl aaBes out OF enough without now
aelipg the government to give for them about
eleven ucr cent moro than their intrinsic val-
ne. Yot It might be well enough to pas8 some
law by which they would be returned to the
treaury and be r,colned a standard dollar
contains about 50 cents Ofsliver, and atrade
dollar should be worth intrinIically 90 cents,
and this difference would certainly pay tho OK
pense OF rsG0inhge.
Another proposition Ia that tho government
shall receive all INITIATED silver money
and give in return IN squat
weight of new fractional coin. This
saems TO DO a fair proportion, for nearly al
mutllated currency ia in the hands OF Time e.
cont parties who should not DO made the suffer-
ORA 10 Z. greater extent than possible. Al
present the ,oFrr ment only receives mutt
latol currency ~ bullion rates. II mpy not
10 generally known ttat tho Inv iMposos Il
severe peuGiI, Tor m0Iiatlug coin, namely;
Imprisonment for not mora than two year6,
and due Of not moro Than 81 600.
Tnu amount of gold adOat in thio country is
estimated Mt 80, 900.