The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-01-26
THE number of mercantile failures, with
the amount of liability in the United States
for the past ten years have Deen as fOlloWs:

The large number of failures in the years
1S75-77 was consequence OF the depression
following the revulsion OF 1915, whlle iht
exceptionally large figures in 1873 were due
to the general rush to avail of the National
Bankrupt Law, which was repealed IN lel3
WAsHINGToN, January l6.-Ihe bill in
Produced in the House to-day by Rcprcsen'
tatiye Wheeler, OF Alabama, % AID IN the
establishment and temporary support OF
common schools, proposes TO appropriate
Sl05, 100000 for this purpose during the
next ten years: Sl5t0O0,0OO the first year,
SD 900 oo6 the seconG, and thereafter sum
diminished by 81 10000 annually,
1I--poney So appropriated to be eN-
Asnded to secuTe the benefits Of common
school education 10 all children living in
the United States The bills Intended to
aid for the time being in the development
and maintenance Of the school system es-
tablished by local powerln the States ana
Territories, which must eventually be
wholly maintained by the States and Ter
ritories. 1900,
600 of railroad bonds, and Sob,363.uOO OF
State and government bonds were dealt in
on the New York stock Exchange. Allow
ing one-eighth for each 100 shares of stock,
and the same tor each .lV,yyy Oh yoAua' anu
we have a total of 1906 200 paid as COM
sions to that peculiarly American insiltu-
ton, the stock broker.
The estimated revenue of Chill for ls,2 is
s24. 3le, 600. The expenditure is set down
at S2I, 243, 5G09S. This is very fair hnan-
cial exhibit for that country which has only
about :, 900 population.
Massachusetts, Vermont, and Delaware
are the only three States that have no con-
stitutional provisions restricting the State
or lis minor civil divisions in lOaulug their
credit 10 or in aid of corporations, or in be-
coming stockholders in any corporation.
aHs.NN frHHs# .H.HH
ENQUIRER interviewed Mr.. Buckncr, Chair
man of the Banking and Currency Com
mittee Of the House, in which that gentle
man said
Il not only believe that the government
should issue the paper circulation, but u D.
its highest duty TO do IL, and Il Is only O
question of time when IL will be done.
The present banking system cannot sur
yive the payment Of the public debt, and
we shall be false 10 the teachings OF our
fathers ard the traditions Of the govern
Ant (ff we do not wipe it ont
fapfdly as we can. We shall then have
10 choose between the issue by the govern
ment. state banks and a mammoth Ma
tional bank. with n capital Of sjO0WOOU
or $4,000 90. Banks Of issue are not only
grossly metropolitan, but dangerous o.
the stability and prosperity Of all kiHds OF
business. 1.-THE right t. issue paper Dr. &C.
striceed. 10 j. the worst Mind Of % monopoly;
f1nrestfi ted, : order 10 give elasticity, a.
ID is called. Do invites speculation, initiates
prices, and ultimately eKpels The coin irnln
circulation and ends in pcCuuiary reFul-
sious and commercial disaster. That
which. + intended o. 81 substitute i0r
coin. and performs the Office 81 coin
IN the exchanges u the country, should.
in the reason II things. be controlled
BIZ the same authority that fabricates the
coin and By no other. Note issue BE-. in no
1,ror,er sense. banking. u is q dangerous
excrescence on the banking system. aud
cannot be safely lodged IN the same hands
that lends money and discounts credit obli-
cation. ID g. n m0nsfrOus iniquify. which
oivps 4 few privileged individuals the power
- swap their promises % Tiay money with
out Interest f0r my promise - pay with in-
ferpsf. coupled. a. il always IL with their
receivabilify for public dues u c0nfsrrtl
1Inon = efreef-becgar, u would. ln ieu
--ears. make him q millionaire. and i is DO
uorder that erasping avarice and E-eedg
relfshness cling a. y With surh tenacitT-
er~t-on sarrFE hes trpressed hirusslf
n favor q the rrCp0sed f'tr cert blill
~ The extent ~ tt,I.uy' tlt4- ne tll-Ei
- ii va not . good thing b. pay o. az
49, 40 fzf since fhe bonds ra1e q s-ie
80. - baking. sad be. W1uil
49, ~ ref cent. Interest rf0n s1ch
- ~ re dftt ns Ue heed - nar-Eiif
49, ~ l.r~rr ID he carcellafio1 ~ ~ ~
------11 80 n cur rnfe a lrferte. A. ? ~
- ~-If flInf void - q rDoc fenfurt r
- -~r~rrre i ftIrk nCu Nt CT Ia
80 101|105 e this ratf. En n irFpr y
- rrf.e tine 81 laEl1s 81 ne n---- -