The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-29
AND COTTON.
FINANCIAL.

r;,rss thus states the matter: I
fkssv No debt is the cry Of the bene-
the pup sroliation tariff Their pro-
V s,npI,ue the rapid payment OF the |
,Ssre may be a plausible excuse Tor |
~ existing duties, many OF when |
us,hibltOry. one Of their organs /
af I NE paid $50, 700, v0O more iast |
eA @ before, we ought TO pay 500.
e !kscnrrept fiscal year; butitwOuld |
rns w N sstislled il We should go on TO !
Ne's me rate of Sl50,0O eco a year. |
Eyl9s n would be glad TO abolish
Fe, ,es IL they dared, but they
Msnch an acs would be un-
nv ,night hasten the overthrow
Nl ,;on system. They would also
Eleli.cssse the government expendi-
" .hSorb the greater part OF the sur
sSs but they perceive that TINS also
,amely unpopular. Therefore they
ei sn ,Se policy OF pay ing OF the debt
sans of supplying Il preIext for
ma rxOrbitant tatlu
@ noople short-sightedY Have
Wy s' ,onsidered what 1t means, 10 so
IVY ta debt At the rate of sl50, 900, 900 u
Wy NOW In round figures, $50, s00,-
r N hearing debt subject TO call for
s, AZ the proposed rate this would
APshont three years. After that
u IA Se reduced only by buying bonds
S WI price AT present the AZ per
,siIing at about lis, aud The IS at
Win the government IN the market
,,sr Of si5J, O000v0 worth q year. the
AZ nrobably advance. But supposing
" .ipmsin as at present, the govern.
"A have 10 pay 81, 500, 200 for the
ava O0O 600 Of these two classes Of
rsin. slS5,0A 900 by purchasing
n.,,ing mill maturity and redeeming,
we rste Of payment all these bonds
naid IN eight years. The proposal
.prrchase AT the rate of $3.50, 100000
~. therefore, the e1iinguishmept Of
interest. bearing debt in eleven years.
orobably means something more than
se bonds were paid or purchased, the
,ss circulation would disappear, aud
IA no rapid contraction Of the cur
Nan Would come the greenbackers'
,,,nuity and it is not unlikely that in
Wv If rapid contraction and the sup
s,.ity of filling the currency vacuum
"A Win some kind OF paper, they
r,asd in carving through their project
ming creeubacks for bank. notes
4 In effect, be Il substitution OF green e
A,nds and would shorten the Time re-
extinguishing the latter to about nine
IA the high tariff people mean 70
de,Slooi mat they will be prepared 70
nrotec,iou nine years hence? ProbG.
They used to say that they wanted
only during the infancy OF indus
they asked was protection for u few
pnshie them to accumulate capital aud
IA labor. But they do not talk IN
noyadays, because they perceive
they should they would make
\ ridiculous They have fol
m twenty years had upward O.
ID as much protection rs theys tart
1879, when their industries were /,
yb.byhool, and yet they are not salts
II, have had their protection WALL
er humber OF times within the pas
srs. and still they want moro courses
d moi stall likely, therefore, that the!
esdy 10 do without protection mint
ice. Its much more probable shat b.
thew will want to have the WALL bull
fr.
bal will they then do for pretext
DO no more debt to pay except III
Ia and congress will not dare 70 OF
cheip-money lunatics by, pay
Of them. There will b
Of surplus revenue; whs
igh.tarif people do about it: PROT
will no, bs much of the internI
ysem left to abolish, because the il
les will have to BE- reduced or abolishs
10 time 10 keep the surplus down
4 ", Wis not likely TO DO more populi
public expenditures then than 1t
identity, therefore, the eItinguishmel
I nat the rate proposed would leave ii
! ies Of the spOliation In something Of
Sill their ingenuity may be ecu,
Z Ryeney Indeed, the Times can eve
pest two things which 1t will |
v 0i them to do. One is To increase Il
IS tOmase them in great measu
BY, and thus cut down the reyenu
y sto let the tariff alone, and distribu
4 revenue among the states. II IL
however, that in less than nil
American people will have learne
. pore blessed 10 pay enormous sun
' Asury, and 10 contribute still great
ayorei classes, than 1t is to enjoy Il
q Aeif own industry.
!. ALIAS EXCHANGE AND COIN.
gng. selling. Buying. Sellln
AGsPar@x Ct Louis hgk Psr@
sS&Par9& N o....hW%Par@
y y ParGs Houston..h Par9
" ssalpolnls u tos di.couut. sterli
Francs, 5@5 ~ Marks, IS.
" tollsr. J.. scots. | MEXICAN dollars. q.
h lslves. .40ots. MeXi.sn quarter,