The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-12-14
, NCIAL AND COTTON
FINANCIAL


-r,co Times According to some ? .,cnr,,s
r,ary Folger has got pretty nee to the end
rs rope for che current hsvs' ssrin the mat.
~ whole wear OF about ,,So 90 20 nc b,Ss
~ ne amount to be plae cd ~ lie credit of the
eIn9S.jng fnnd. The tteAsuyv hooks show thathe
has called in bonds TO W.. amount of s7LNI.
DO since tbs beginning OF the year and agreed
tc redeem sl0,oOAIVJ more if presented before
me 2Sth Of February. Under tine FIVE calls and
one agreement N ade since the LIST OF July, bonds
10 the smCuat of aoout sac 0O00 have been
redeemed leaving about S3A3,0,0 Sud out
and liable 10 be presented, Besides TINS, two
rails issued before the beginning of the
fiscal wear did not mature until that time, and
have been paid since the LIST OF July. The
amount of these calls was Sl6,0y00oo, OF which
s25 COS 609 have been redeemed, or rather had
heen last Thursday. We have thus a total OF
more than SiloOo0uoO Of bonds that the seere'
tary has already undertaken 10 redeem within
The wear Should the whole amount come in
for redemption, he could only redeem $4,000 OOO
more during the year, assuming MS estimate OF
surplus to be correct. without drawing from the
reserve which it is deemed best 10 hold against
rreenbacks. IL is az least presumable that the
amount of bonds called to be paid withia the
wear will be not more than one-htlh the amount
The secretary has already undertaken TO pay
But these facts do not 20 to show, as has been
assumed in certain quarters, that there Is
no margin for reduction OF taxa
ton They show surplus of some
SIS, COO coo beyond the requirements OF tae sink
ing fund.- and, as nobody proposes that tne tax
reductions shall go into effect before the end of
this year, there is still this margin, with what
ever additional sum may b. saved in expendi-
lures and gained by the natural growth of rev.
enue There is plenty Of room for substantial
tax reduction in ways to Slord real relief
The post.ollice appropriation bill, which will
be reported from the subcommittee to the full
committee, provides Us follows for the principal
items of expenditure; For inland mail trans
pOrtaiiOn, So 0h0QO transportation by star
routes s., 600; railway postal clerks, sS,91I-
600; railway pOstal-cdrs, sl6GolG letter,car,
riers, 600 Goo pOStmasters, SlO0OOOOO; inland
transportation by steamboats,. 5000 o. transpor-
MuOn of foreign mails, S5OOOt depreda-
tons, CO.'S COO; advertising, $4,000 The
above with the items not enumerated, makes Il
total Of about $500 00n There is an increase
over the amount appropriated last year OF ST.
200 900 for postmasters laries; decrease OF
II, $4,000 in the appropriation for the sIar.route
service; an increase oil sSi1Ol0 for inland trans.
portatiOn by rail, and decrease of 100000 for
inland TRANSPORTATION by boat. The most i'm
pOrtant change Is Il reduction OF letter postage
from TO . cents. Another notable change IS
the omission Of the amount asked for special
facilities s6O0.0O0 This means the abandon,
ment of the "faSt-mail' service, The Dill VIII
be reported 10 the house Monday.
SENATOR'S and representatives, receive great
many inquiries with respect TO the disposition
TO be made of the trade dollars These iuqni
ries come principally from the west, The trade
dollar is great nuisance in those sections,
where 1t passes for only 80 cents. senator
Voorhees,. of the senate finance committee
said to-day that he intended very soon
to bring the trade-dOllar question TO tho
attention of his committee. He recognized, hi
said, the necessity of legislation that would re-
move the trade dollar from circulation ne al
milted, however, that this matter was delicate
one to bring before the senate with the hope o.
getting any practical action. Very diyerst
views on the silver question are entertalneo
in the senate, Not few of the senators thinh
thesandard dollar is not worth more than s.
cents.
The comptroller gives statistics OF the taxailor
fthe national banks, and again recommends,
repeal OF the tax upon capital ana deposits, II
which recommendation the secretary cghcurs
The capital invested in national bank II sl6S
;4l,61 The taxes assessed upon them by lht
United States and the states for the year 'eol
were Sl7, 1888 0S0 being at the rate OF per cent
The amount assessed by the United states l.
near One-half of the whole, A repeal o. tn'
laws providing for itwodld still leave thos'
banks liable to an assessment by the s1gtVs