The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-28
FINANCE AND COMM ERCE
FINANCIAL.

The issue of gold certificates commenced
in November, 1860, and the amount issued
in that fiscal year, ending June 30, 1856,
WIS 50 $4,000; and the amount issued in
the fiscal year ending in 1867 was 500, 12l, =
620. For several years atterward there was
some reduction in the annual amount of
the issues of the gold certificates. But at
the end of the first ten years, which was the
Goth Of June, 1916, the total amount OF
gold certificates which had been issued up
to that time was eight hundred and
sixty million three hundred and thirty
three thousand eight hundred and eighty
dollars. After that year the issue WAS dis
couraged, and in 1873 it was stopped entire
ly, and since December |, 1873, no gold GER
titicatcs have been issued, although still
authorized by law.
The issue of silver certificates commenced
within the last few years. The amount is
sued in 1880 was forty million nine hundred
and twelve thousand dollars, and in the
fiscal year of 1881, siXty-One million nine
hundred and thirty thousand dollars. AL
though there has been {. growing demand
for silver certificates, the secretary of the
treasury has been opposed to Their issue
and the last annual message of the presi
dent recommends the further issue Of gulc
and silver certificates to be discontinued.
The senate finance committee decided Il
report the Allison bill to fix the redemption
reserve fund in the treasury ut $l2O,0O0,0O,
with amendments, which are to be PRINTED
and recommitted. Senator Sherman offer
ed an amendment providing that the re
serve fund shall consist only of gold coli
and bullion; also an amendment to stOl
coinage of silver dollars when the amour
! in the treasury reaches $50 coo, eco eXclusiv,
of those held for redemption of silver Ger
| tilicates Senator Beck offered an amend
ment to make the reserve fund 500, GOO, 900
| Senator Ferry offered an amendment t,
describe the reserve simply as coin, with
out preliXing either gold or silver.
Baltimore Gazette: The question o
mutiated silver coin still engages the at
tention of influential citizens, who ar
anxious that congress shall set itself RICH
stands, small indentation or fine hol
pressed through II dollar lessons its valu
so materially that the loss becomes n heay,
one, especially to the poor. A piece q
silver mutilated in the least is rejected b.
persons doing business, and the owner ha
| to sell II 10 the minis at its bullion value
less the mutilation. Hon. Peter Negley, c
the Baltimore sub-treasury, has been dc
sirous of having the law changed tina
Justice may be done, and he yesterday re
ceived o letter from Hon. Milton G. Urnel
stating that his views wer9 in accord wit
those of Mr., Negley, and that he will do a
that he can Mt the present session of cor
gress toward the passage of an act that wi
remedy the evil.
Many conservative operators regard I'll
discrimination shown i'll favor of goo
dividend'paying properties us health
! aiun A nrntngr rNnHlApRn aud IN
venture to predict that wcll-sustaino
bull movement cannot be much longer d
laycd. On the other hand the bear part
rely upon breaking the general railroa
list by turtiyely attacking the specialize
and thereby forcing the weak holders of IL
active properties TO realize, in order to pr
vide the requisite margin.
Should the bill for the renewal of bar
charters now pending in congress becou
q law, with the amendment that tine go
eminent shall issue new notes to the hnnl
and assume the redemption OF those NO
outstanding, the profit accruing from Il
bank bills lost or destroyed will be not
inconsiderable item, variously estimated
from . to 3 per cent, and would probab
, average 3per cent, on the $3.50, 600 900
national bank circulation.
The treasury will have $4,000, GOO to di
burse during the first half of March on Il
: CONT of interest, unless it anticipates pa
: ments during the present month.
POI The senate finance committee has r
solved to report Mr., Alison's bill To fix Il
redemption reserve fund in the treasury
Sl20,WO,000.
Mr., Mcmillan introduced an act to
apart portion of Montana for certain |
dian tribes, and to pay each $4,000 per Il
nun for ten years.
Now, according to the last report of t
director of the mint, the products of t
mines in 1881 which went to the mint
. fore coinage was
GOlu commence. ,,,'',..'',.,.,, Sb,5oO
silver, OBSERVATION-DISCLOSURES" Ia,ltN,