The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-03
FINANCIAL.


The revenue receipts are accumulating so
rapidly in the United States Treasury, That
the new Secretary seems overwhelmed with
the amount, and is yet undecided what
disposition he will make of them. He is
now engaged in computation to ascertain
the amount of funds at his disposal and the
bonds which could be redeemed to best
advantage by the Government. The result
of his investigations upon the former topic
shows that if the Government reserves upon
all its liabilities were equaliZed in ratio
with those thought sufficient upon
the outstanding lOgal-tenders there
would be surplus of SH,OO,WO
available forthe redemption of bonds. II
the fractional currency, which IS not iull
legal tender, amounting to S2O,OOsOVO,
should be deducted from this sum- there
would still be left available S3S, 100000, Adj
ding to this the $l2,OOA00O already in eN-
cess of the usual legal tender reserve, there
would be 5000 600 available for bond pur-
chases
Commissioner Raum in his report
for the fiscal year ending June
30th shows that the receipts of internal
revenue, in round numbers, for the fiscal
year 1870, was $l13,5000O0; for 1850, Sl2i,-
100000 for 1881. Sl3j,0O,OOO. The receipts
for the first four months of the present iis-
cal year have been SOL 900 600, and if this
increase should be maintained du.ing the
remaining eight months Of the fiscal year,
the receipts for 1882 will be fully $l57 Co.,
900. lie says the large increase in the re-
ceipts of the Government and the great re-
duction in the principal and interest of the
public debt are causing discussion as to the
propriety of reducing the income of the
Government by lowering some of the taxes
and dropping Others altogether.
In answer to an inquiry by Assistant
Secretary French, the Government Actuary
Mr.. Il. b. Elliott, has furnished the follow
ing information as to the weight of mil
lion of standard gold dollars and that of
the same number of standard silver dollars:
The standard gold dollar of the United
States contains of gold nine-tenths fine
ness 25.S grains, and the standard silver
dollar contains of silver ninc-tenths tineneSs
4l2.5 grains.
One million standard gold dollars, couse-
qucntly, weigh %, 100000 grains, or $3.50
ounces troy, or 4,479 1-6 POUNDS troy of5,-
avordupois, of 1000 grains each, or 1913
1000 short" ton of 1000 pounds avoirdu-
pois each, or 1851 600 "long" ton of, 200
pounds avoirdupois each.
One million standard silver dollars weigh
412,5O0, 600 grains or S59375 ounces troy, or
71,6145S pounds troy, or 5S,02S.H pounds
avoirdupois, or 29lGi-l 900 short" tons of
1000 pounds of avordupois each, or 6,307-
1000 "long" tons of ,2i0 pounds ayoirdu-
pois each.
In round numbers the following table
represents the weight of million of dollars
in the coin named:
Description of coin. Tops
shl9aIg e0lu com ;,'''''.'''''''''''''''' o = .
standard silver coin NEUTRALITY-SUSPICIOUS., ~ S-l
Subsidiary silver coin.,,, ...,....,..., %
Minor coin, tiye-cent nickel ,..........,. 100
DALLAS EXCHANGE AND COIN.
Buying Selling
New York Exchange. ...........,hgA Par@A
oL LOUIS .'''''.'' '.''',''.'..''.''.'''
SnlcaSo' '.'.'.'.'..',.,'',.'
NEW orlchnS' ,',.,''.,.,,'',..'..
Galveston and Houston, .,,....,,.."R
Commercial exchange upon all points u TO x
discount.
Sterling sight 81 IS.
Francs 5@5 10.
Marks 25
Gold, silver, other than trade dollars, par,
IIhue uoilhrs w ceuts'
Mexican uOllhrS. ..,.'..,,..'..'.....'.,' ~
meNlcHl HhlVcS.. ACKNOWLEDGEMENTS. Az
mexican quarters, ACKNOWLEDGEMENTS. 10