The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-14
FINANCE AND COMMERCE.
FINANCIAL.

FINANCIAL.
SENATOR noERlLL has bill pending be-
fore the Senate which il said to have been
prepared by the Comptroller of the Cur.
renCy, Mr.. Knox, to enable national bank
ing associations TO extend their corporate
existence. The bill provides that any ma
tional banking association organized under
the acts Of February %, 1863 June 3, 1864,
February IL, 1850, or under sections 5l33
5l3l, 5l35, 5l36 and 5l5i of the Revised Stat
utes, may at any time previous to the date
oil the expiration of its charter, under the
present law and with the approval Of tn.
Comptroller of the Currency, extend its
period of succession by amending its arti.
cles of association for a term of not over
twenty years, and shall have succession foG
such extended period unless sooner dis
solved by the act of the shareholders own.
| ing two-thirds OF its stock, or unless It's
franchise becomes forfeited by violation OF
| law.
Section provides for vote of two-thirds
of the capital stock and a certificate by the
| Comptroller us essential to the succession
The Comptroller may, on the receipt of the
application for extension, cause speCia
examination to be made of the association
to determine its existence before granting
or refusing his certificate OF approval. The
banks so renewed are to have all the rights
and privileges of the former institutions.
There is strong pressure coming up from
the banks for the passage of this or some
like bill, and there will be a greater intlu
ence arrayed for it probably than for any
other legislation proposed at this session.
The House Committee on Banking and
Currency took up the bill the first thing at
its session to-day. The measure, however
was to some extent antagonized by Mr.
Buckners proposal to retire the national
bank currency and substitute Treasury
notes.
The subject of retiring the silver cert Il.
Gates, as recommended by Secretary Folg er
and President Arthur, was incidentally dis
cussed and the expressions Of opinion by
members of the committee were adverse to
such action at present. 1t looks as if moth
ing would be done to break up the silver
certificates, but ii seems to be thought that
Congress will renew the charter of the ma.
tional banks; the Committee on Banking
and Currency is said to be strongly inclined
that way,
HE volume of business of the country i'm
1881 rs measured by the exchanges of the
clearing houses Of twenty-five cities, was
much the largest in the history of the coun.
try The compilation made by the Boston
Post shows that the total ofthese exchanges
was S6i,40o, 5S0,967, against $50, 6SS ,93i COS
zoe 500 or " mor oon, y, S'o"-V'-
city on The Tet shaw. '' Joo,,a ns oiig
that is Nemnhis where t,oro - I'M Gnu
off of 81 nor cont Ion;s,,iIIn ""S " i,'' 4
LARGEST increose wb;cj, u,as ~ ,' ''. l.'c
Kansas Citv Comes NV ws' , 81 Pe ea gent,
cent thcn pittshur. qN n WI W. 90 per
Nav Yorl, os Rnstn9 SS y C; Uaoaso 3 90
San Francisco ~ 1S U,liGl'' n5 %,
Cleveland u 3 nor n.nt - ana
other cries camc mn ~ % Non. VI me me
EXCHANGES Of C;ncinppoti pt TN so Inc
l40 100, or an AVERAGE Of az SaS ~ oG gov" n
wool, n.Iicb - ,",oaiS vi Fi.Soo,uVC per
viz New York Boston o pG,aSo iTTt cues
| Chicago. OF course Nov VII 81, " liz
| list, because that heinz tLe monetar~ .,''
ire She is v n", LIE tne monetary cen,
the whole country ind Tho Lns;nSSsa o 'r ~ va
stock Eycbsnge osiLoe w ~ tus,t'ess VI ,nc
! local merchandise transocti.ns .warI, MN uI
yolune of exchange, T." ., on,o sWetis 81! .h II,
proportion To The octn,i ,r.n "''t out vi
| modities. oltbom.b tha io,,or ' vi e9l,l-
larger than In Sli othsr cit;ss odpm ,J1GaolS
OF the total incren,. in Tho oycI,i,
tho conntr, NJ WI VIZ eAcnailges OF
sll .pG5 Y75I56 or over Sn nor 80, WIN
whole, '' " INC
D,,rcro,-o, u,vn p,.
man, -, ,Ii no ,,, bpfChARD's expert
hnon a ", amy voiHSu VI lne trade dollars has
binndrr Uo thini,s anu was an ecohomls
1 ,ane' na, na e tl'iilAs ihere are not more
In, V $50 VI lhem IN circulation in the
h;lI S'I,esl anu advocates the passage OF
doi nar "uihorl Lg lhe recoinagc of trade
,a c,,,,, 'iy ouJIrlS 10 the new device for
t tl'S H,vsn' piece 1eSlgnateed by the Supcrin-
=, r.','I IL Wy ~ Pnia Nllhti because
irbo Jonro, w L., ,t IGN, n.cce'
Inc decrease IN the national Indebtedness
during the last half Of 1881 announced tn
| upward of $4,000 900, or nearly SSOSS oHS
per week.
Nothing and nobody ESCAPES Taxation I,
! Turkey. The government takes one.tcnih
of all cropS besides which ,L"rc l. w. !,
7 three. Hills OF | nor cont an, th, ,..I,,.
| the land. On every shpnn onI ,,,.,, 49,.