The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-02-24

On Thursday the senate, as in committees of
the whole rejected the proposition of tho
finance committee TO Increase tue rate OF in
terest ON the proposed retundlng bonds from A
to 31s per cent, by a pretty decisive majority,
1t also elected the proposition TO strike out Tho
nth section OF the bill, compelling the natio mi
banks 70 deposit the new bonds as security for
their circulation, aud restored the section SUB.
stantinily Hs II came from the houso The
other amendments proposed by the committee
We're conourred IN These We're, first, Il pToyl-
sion that the bonds should be redeemHble IN
Ave years and payable IN twenty years, instead
of the house provision that they should be 10.
deem ble III one and payable la ten years,
second, The sub 'titutiou Of the tenn "treasuiy
notes Tor the term 'oertilcatesp 81 the dcsig-
nation OF the short lilo securities; third, a
provision that the Interest ON both bouds and
notes should bs payable Semi-aunually, IN
B.ead OF quarterly; fourth, an amendment in-
creesing tne allowance ior the expenses of PIE.
pairing anu marketing the new seourl les fir IN
u tOh Of per cent ; NTH, u provli ion that the
use OF funds In the treasury for the purchase
or payment OF maturing bonds shall be only
temporary, and that lhe tlMd for the redemll-
tion OF United States notes shah NOT be inn
paitedj finally, provision that hereafter
only United States bonds shall BIZ received as
security for public deposits. The chauges are
of minor Importance and tle housa il nearly
certain TO concur IN them. AS tho fifth sectiOn
is retained the National banks will do little or
nothing to help MAKE the loan a succes4 and
may lend all tneiI iutluenc TO defeat Il.
In reply nn inquiry, AniitOr French re-
ports that the land Krani OF the Northern Pacl.
dc railroad amounts 10 1920 900 acres. or nm
average OF 2y,6i0 per mile of road. Hiseati-
mate is that these lands have a value OF 500
>~ti0e0O, and that the road will cost s75OOO,0C0,
The only Sign of business disaster for the
year 1851 ssays the United states EcOnonist
IL that of ovor-railroad expansion, and thc
rapid Increase OF securities at the stock az
changes. Tn. advance In railroad SECURITIES
withio the past eighteen months Ia over All :
OO0,0o0,000. Within the list year about Ooo
miles Of railway have been constructed nj i'V NV
average oosi of s35 900 per mile aggregalinr a
total expenditure of S2i5, 100000. OF course II
the Increase In the value of railway securitiea
for the time specified was real, Il wound he n
source OF general oongratulation, but values
as they now exist, are largely specuiatlye'
and therefore subject to violent fluctuations
which from time 10 time disturb the businesa
interests Of the country. The dividends ON
stocks have not increased In proportion Ia
their advance In Wall street, and on many al
them remain the same as In preceding years.
while the stock value has gone up 100 Del
cent. ~
At ten leading points the aggregate number
Z OF hogs packed during tho past week has
reached Sl,iVO, agalSt lGj, 500 for tho CORES
ponding time lastyN. Weights are runnng
Light. Business 10 practically closed at ST
Lpnis, and buf few Interior points are nov
operating. AT Omaha the packing Ia expected
70 reach sa,00D, and the average Ia much hlghel
than last year. The March, pril and May iur
OF Eo2a In that section Will equal. N not ex
cesu. last season. At Quincy packing 4,
closed Tor want OF hogs "
Inu Statistics compiled by the F,nnncIo
thfvhicie continue 70 show considerable az.
his year, but tho net amount which ' No.,
f. q