The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-01
FINANCE AND COTTON,
FINANCIAL.

AwRIrER in the Boston Economist upon the
o,iurs OF gold, shows that the present annual
rrodnct Of gold, as compared With former peri
IA is enormous Al the period Of the discov-
az, of America the annual production WAS but
sl6Q00 Amer the occurrence of that event ii
srsdually increased, aud in 1900 aggregated ST.
tc0eOO. IN 1853 the production reached its II as
mum, when il was S2l6, 1000 but soon after
ssri gradually decreased, and is now about
mali of thai sum. The amount OF gold in exist
ence at the commencement of the Christian era
Is estimatcd To have been Si27 10000 At the
nerod Of the discovery of America the visible
supply had diminished to So ,00t00 aftar that
event it gradually increased, and in 1905
amounted to over Sl05,000,0,0, IN 1900 the sup
nv reached sS5l 90, 90; in 1900 it amounted To
Nl25 10000; in 1888 1t attained 10 $780, co.,
DO and at the present time the amount of gold
In existence is estimated to be 1895 0O0, Co.,
which, II melted in;o one mass, could be con
famed in the basement of Bunker Hin mouu-
ment which is cube of thirty feet. The
amount of the precious metals In existence is es-
tnated 10 be sl32N, OOo, OOA From the earliest
Zines 10 the commencement Of the Christian era,
The amount of gold obtained from the surface
and mines of the earth is estimated to have been
sli0O O0Oo.0 FROM the date of the latter event
10 the discovery of America $500, 0000 600 were
obtained from the date of the latter event To-
ihe close of 1872 an addition of
$500 0O0t 100 was obtained; the extensive work
Ing Of the Russian mines since 1913 added To
the close of lS52 $50 600 600 more: the triple
discovery of the California mines i'll 1913 the
Australian in 1851, and the New Zealand in 1861
has added, to the close of 1881, IS, i0l S74 Co.,
making II grand total of Sl4,SO4,37i,OO The to,
al amount of the precious metals obtained from
the earliest time TO the present day is estimated
TO be s25,673, 3H, 900.
THE following is the statement of special &c
cupation taxes received at the comptroller S
office in Austin, from September !, 1880, to Au-
gust 81, 1881 1t will be noted that the law
that went INTO effect March "A, 1881, changed the
rate of tax ON dr,lmmers, and required clock
peddlers and sewing machine canvassers to pay
taxes to county collectors. From merchants and
commercial travellers to March "a, 1881, s07, 400;
clock peddlers 10 March "a 1881, sos.
Sewing machine canvassers, $50; railroad
companies from passenger tariff, s24,' 50; Texas
paues sS2 50; stage companies, S239,59; telegraph
companies, on messages, S5Os.9S; insurance
companies, lSi666j; express companies,
slO5LO6; Pullman palace ears, $3.50.
Under The new, law regulating com;
mercial men, 1,g65 licenses have been issued
and the comptroller estimates that annual re.
eeipts from this source will be 100000.
The amount state tax paid in redemption
for lands and town lots sold to the state from
september ], 1850, to August 81, 1881, is S2o,.
$40
CONGRESSMAN BINGHAM, ex-postmaster OF
Philadelphia and member of the post-oflice
committee is chairman of the subcommittee de-
tailed TO consider the question of changing the
rate of letter postage. The subcommittee, after
carefully considering the matter, have decided
not TO change the present rate. but in
tend to increase the weight to be
carried for what Is now paid.
is proposed to carry an ounce at this same rate :
This is all the change that will be recommended.
II probable that the full committee will adopt
this report, and make II TO the house at an early
day
The worlds production of gold for the calen.
dar year 1881 was Sl07 00U,000 and of silver $751;
5OO0OO The consumption OF the world in orna-
mentation, manufactures and arts is estimated
ior the same period AZ S75,0Oo,0 600 Of gold, and
Sl50OheOJ of silver. The estimated circulation
the principal countries of the world, is placed
at gold. 3d. 81. 600 900 full legal-tender silver,
sll55 600 900; limited tenders, sl23 00o OOO total
specie, ESQ 600 co., paper 81, LOO; making
the total circulation, including the amount held
IN government treasures, banks, and in active
circulation, S9,4)3, 100000
The United States treasurer now holds In
United States bonds to secure national bank cir
cuation s369, 955, 700, as follows: Currency Gs,
S,6Sl, 900; 5per cents, sl7400G 41-2 per cents,
S2,293 $50; per cents, s93, $50 $780, 31-2 per
cents. S240305,9J0. United States bonds held by
Inc the treasurer to secure public moneys In
national bank repositories March U.s. 1852,
amounted to GIG, 10000, as follows Currency
6s s33.00O per cents, $4,000; 4 l-2 per cents
sSisOOG per cents, s6595,2Cj; 3l.2 per cents,
$690,SOo. United States bonds deposited to
seNulc CirculutioH uutlllb lne week enueu MnrCll
D. 1889, aggregated Sl,hS7,700
Although the Italian Kingdom, since its estab.
hshment In 1861 has constantly struggled
under high taxes, the country has not
been without its measures of prosperity,
One Encouraging sign is theincreased savings Of
the people. In 1860 but s3l, 40 QUO were depos
Ted in Italian sayings funds, in 1879 sl97,y7C
900. SD
There have recently been received at the treas
ury In the course of business quite an amour,
of counterfeit silver dollars. The department Ii
informed that there are e large number of coun.
terfets OF the coin in circulation, especially in
the west The center of.the counlerfeits seems
from the reports received, TO be Chicago, and, as
rule, the counterfeits arc reported TO be very
fair -
Mr. Dawes, from the appropriations commit
tee, reported the Indian Appropriation bill, with
sundry amendments These increased the ap
Preparations for the support of the Sioux In.
dams about sl50000, making the aggregate
amount appropriated for this purpose ST. 81, 80
also appropriating $50 00Oto provide for the cree
ton of school buildings and school purposes In
Indian Territory and on the Sioux reserya
ton IN Dakota also appr0priating $1,000 tc
provide for the support and education of on,
: hundred Indian childreen In the state schools
not more than twenty pupils TO be educated IL
any one state.
United States bonds were quoted in New Yorl
as follows: