The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-02


In speaking Of these roads it will be in
teresting TO our readers to know that the
first mortgage or construction bonds Of the
Texas IL Pacific railway company are is
sued at the rate of $3.50 per mile bear
ing 0 per cent, having forty years to run,
except those on the Rio Grandc division,
which have fifty years to run. The bonds
of this latter division are also first
lien on the lands acquired in building this
division The income bonds of the com
pany are first lien on lands acquired by
building the road east of Fort Worth, and
also q third mortgage on the road east of
Fort Worth, issued ut the rate of $l7 600 per
mile, limited TO a total issue OF $S,9OS 600.
The land grant amounts to l,SOOU 900 acres,
most of it located west of Fort Worth.
Trains will begin running on the New Or
leans Pacific within few days The issue
Of stock on the line will BE about $20,0 u
mile. The bonued debt is represented by
Gper cent. bondE at the rate Of 10000 Il
mile, forming lien on the road and equip
mcnt, and on the land grant of the COM
pany, consisting Of 100000 acres
The financial news from Europe shows
the bullion received at the Bank OF
England for the week ending last Friday to
be $2,500,000, and yet the drain upon its
vaults shows that it has decreased
in amount on hand $4,000. The Bank of
France makes II better showing. Its in
crease in gold for the week was ~ $50, 900,
while its decrease in Siverlor the same time
was $4,000. This bank has been regarded
rs in a dangerous condition, but strenuous
efforts are being made to tide ii over its
present shoals, which will no doubt be sue
cessful, and to this end the Bourse author
tiles have ordered the houses over which
they have control 10 pay in for security
10000 francs each, which will form n fund
of 5000, 600 francs
The bank of Belgiumhss adva9ced its rate
of discount to 81. From India we learn
that the Council will this week offer $1,000
900 worth Of bills, which, it is said, is in
there connected with the exports of wheat
from which are larger than that Of any re-
cent year.
The last report of the comptroller of the
currency shows that on Nov t. 1880 the
following was the amount of paper money
in the United States;
Amount of national bank notes .... $40 06S, i5l
Amount Of legal-tendcr notes. ,...,, A66Sl Ole
Total .......................,.. S6SS 7li, i6l
The director Of the mint estimated that
on Nov. /, 1850, the following were the
amounts of gold and silver currency in the
United States:
Gold .,,...,,........r l203t
lposflin~e
Totnl. NEUTRALITY-SUSPICIOUS.. SC0o 2SS, 3ji
While the total property valuation of the
United States is below that of France or
Great Britain, the annual accumulation o.
wealth of this country is greater than that
\ ofany other modern nation. In Germany
it is 500, 100000 in Great Britain il IS $325,
100000, in France il is 1915, 000,0 600, in the
United States it Is $50, 10000 In Other
words, this country is growing rich at the
rate of 50 100000 day.
EXCHANGE AND COIN.
Buying. Selling
New York Exchange. ...........h@A ParGgh
CL LOUIS .....'.',.....,..,,s.
NHicttSu"' '...s.''''''''..s'''.'.
NOW OrlchllS. ,,,..,,.s....ss.,,..ss.,.
Galveston and Houston. ,.,...,...."h
Commercial exchange upon all points u to
discount
Sterling sight 81 IS.
Francs 595 10.
MARKS 25
Gold, silver, other than trade dollars par.
lruue collars. ACKNOWLEDGEMENTS. w cents
MeAichh uOliurs. ',,..,.,',..,.s....,,,,sS ~
Mexlcan quarters. ACKNOWLEDGEMENTS, 10