The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-12-29
FINANCIAL.

MEDIATE all legitimate ucnuhuo "hu w
spare. The requirements OF our business
men extend only TO discounting their busi-
ness paper In the regular way. COLLECTIONS
have been satisfactory both in city ana
country, and there never has been season
in Dallas when merchants were in better
financial condition than to-day. The many
improvements in the city are carried for
ward generally by persons OF means, VINO
require little or no outside assistance, and
the amounts they are expending IN thls
way aid in increasing the money circula-
ton, and also add to the reserves in banks
Cotton during.the past week has been NOV,
ing freely, which always proves beneficial
All notes and acceptances falling
due on the 25th and Goth of December, and
ON the LIST and I'd day of January must 30
paid on the Saturdays preceding, as the
Mondays following Christmas and New
! Year are legal holidays. Unless they are
paid as indicated above they will be pro
tested. ili ,fil'tiiit
The STANDARD" silver dollars, as they are
called, are legal tender to any amount
The standard dollars. are those that
weigh 412l grains, and put Their trust e, IN
God pious, dollars, but SWIM IKE ns g
cIok of iniquity The trade dollars, weigh
ing 400 grains, are not legal tender
at ali. They were legal tender at
one time to the amount of five dol
lars in any single payment, but they are
, not so now. They do not pretend 10 De
pious, but they are honest. The silver Ger,
tificates certify that certain number Oh
standard" silver dollars have been deposit
ed with the Treasurer of the United States
They are not legal tender. but are "receivs,
BILE for customs, taxes and all public dues
to the national government.
A summary Of the business transacted
inthe city Of Milwaukee during the year,
published in the Republican, shows the
bank receipts to have amounted to $ooo,
year; the manufactures $50, 0OO, QUO. an IN
crease of $l5,000,0OO, and the general m
crease in business to have been SO per cent.
The building improvements amounted TO
s., 500, 900, and fifty new manufacturing III
situations were established.
A Cincinnati paper says it costs nearly
$3.50 year to collect the customs at that
Collector is obliged to hump himself IN or
der to collect enough to pay off the hands
The bill introduced by Representative
3 Mcmillan relative to income tax, PROVIDES
for the assessment and collection OF 3.per
centum tax from each person, corporation,
banking association, telegraph company,
railroad company, or other lncorporatee 'l.
United States or Territories, on all net IN
comes above $1,000.
PARIS, December 20.-Ths years. excess OF
receipts over expenditures is 2OO,0oO-
900 francs; supplementary credits.
$4,000, 600 francs leaving 10000, 600 francs
available the first of the year.
Senator Jones, ofNevada, says the people
of the Pacific coast, in common with those
of the entire West, oppose any tinkerlng
with the currency, which is now in salts
factory condition.
u Va special from Washington says, Senator
gJohnfJ. ingalls,, chairman OF the sub-com-
Smittee of Congress charged with conside-'
ration of national bankrupt law, recently
asked the Philadelphia Board of Trade tor
suggestions concerning the subject.
committee of the Board consisting OF Fred
erick Fraley, George N. Allen, Benjamin
s. Janney, Jr., Clayton French and Elon
b. Clifford have made report suggesting
bankrupt law which will give greater econ
omy in its administration than the existing
one, and more direct methods. They ask
that In every case committee of creditors
be appointed in connection with the as
signee, with power to wind up the estate
without going to the court every time there
is question or distribution. The idea OF
this Is to make short cut in disadvantages as
sets among creditors They also recommend
that, in order to expedite distributions
among creditors, the power be given the as
signee to distribute in goods or stock. Fred
erick Fraley, the chairman OF the commit,
tee, in speaking of the matter to-day, SAID
the Philadelphia merchants would be.repre-
sented bv delegates before the Congress-
ional committee and in the coming con-
yention of the National Board of Trade at
Washington. 1--WE are in favor he con-
tinued, ''of compromising the registers IN
he or oH IF foes A fee
of $40 a dav has q tendency to prelong the
cases in their hands," Elon b. clifford. OF
The Board of Trade Committee, and Presi-
dent of the Mercantile Jobbers' Associa-
ton, says both organizations approved OF
the report to be presented to the Congress
ional Committee. "The only opposition 70
our plan is from some few large New iork
houses. who are grasping and merciess
when a business man gets into trouble.
They want such hold ON their customers
as Judgment bond gives them, and thus
crush the customer out of business"
In 1880 the bonded debt of the United
States. Federal State and all other forms,
twas S2.s4a, 4SB220, and its interest charge
was SilS .gb5 ass. OF this sl,73l, GA $50 in
principal and sSI9 ,633 9si.i Interest was the
Ee,.slal bonded DuIdeii, and AZ pL.l.eip..l,
Sl,ll7. s21 Cyl, and interest $69, 3j4, Oll, was
made IN OF local debt Since these figures
we're compiled the Federal bonded debt has
been reduced In principal Sll4VOOl w ana
its interest cut down $l00OO,O00: III local
debt has been ipcurred as rapidly in the
last eighteen months as in the eighteen
months before July, 1880, the local debt has
grown $4,000, 900. and its interest at least
"a OOOO 600. Nor can any one familiar with
the subject doubt that this has taken place.
The average rate of interest paid on the
local debt is $40 per cent,
The report Of the supervising superin-
tendent Of the United States life saving
service, Just published, shows that during
the past year s4 lives were saved. Sue
cor. was afforded TO s0S shipvrecked per-
sons. am average Of 1000 days relief, and
40s persons were brought safely ashore by
iife-ssying apparatus. There is urgent
need Of, a much larger appropriation to IN
crease the usefulness OF the service.
The importstions OF specie and bullion at
the port OF New York during the week end
. ing becember16 were 81 10 ,Ss7, consisting
ofS1 ia ia In gold and SIS, 273 in silver, as
against a total Of $685. 42 for the week
re5ding December Is, last year. =.
The st. Louis Republican says the Postal
Savings Bank Billintroduced IN the houss
bv Mr.. flaming, OF Mississippi, Is framed
n, meet The rcsofnrn endation Of The Post
'snaster-G eneral on that subject. II hxes The
rate Of futerrst 10 be paid at 2pcr cent. De
posifs are 10 be received not smaller than
IL, nor greater than ESQ; and no oeposltor
Is allowed 10 hnsem0rr Than $50 Handing
10 liis credit tone time. The Object Of tins
Limitation j. 10 rptl deposits by business
men. aud 10 c0nrnc thcm 70 tie thrifty
waee-earlling clE-sfs Who are in the habit o.
saving a share Vi their earnings and desire
q safe method OF investing them whore they
NAV draw Iiirderafe interest. Tie Man
ming hin r.r0siies expressly that The &C.
Iosits shal not be subiect % uNaflan q
ans kindi State cCunfy. town or srll1oi
and fEitisfF. ilaf they sban he exfinfi
ff0aI stizpfe ff iAslt. These are valuable
fl1targs. a.ii > u virtually add y - 'i.er
'r..rf 10 fl. r'ff " Interest tie fd.iie.if-
.Ir1rr. .ril.- he lie ~ -0t1 ~ at. x.lbie
foa--rr--cerf' bond Tbcre ism b. cliei
rfire a. u-n.ilir,-tp1 CaIlsl TIE q arfal De-
rs.ifo-r. md fIirrt are - be sur-iif1,o-'-
1--,..- /. Il ed fiIr1nrInat de r4sInlrv