The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-03-30
FINANCE AND COMMERCE
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FINANCIAL.


In an article on 1.-THE Value OF honcy me
London Economist says there are two gf0unus
put forward as the basis OF nn expectation t.ps
money will continue TO advance IhS n,. -,
the diminution OF the reserves in me Dann vi
Europe and the fact that the demand - pesoI
whilst the supply i, less Tho second ~ ihnt Va
the long depression In business when iolio"eu
1866 was succeeded by time OF dear money, We
may expect TO see the same thing recur now sInce
helast depression has worked OH Inc ECONOMIST
points ont that the comparison IN the IhIter chsv
Is not fair as 1866 stood midway between Two Oh
the greatest wars OF modern times-the civil war
In America and the conflict between France anC
Germany The conflict in both cases cost " fouhu
figures eco '0O0.000 There We're also inc
loan, raised by The SOUTH and an immense eN-
penditure and los Of profit beyond those hgures
quoted Only small part OF the demand tor
capital to take the place OF wh9t was mus de-
stroyed fell on this country. sun great lnnu-
ence was produced on our market by TINS de-
mand. No such destruction has occurred sihce
the late depression, and the influence referred 70
has been entirely absent. Again, the distress in
1S66 was caused by u wholesale destruction OF
credit following long series OF inflated transac-
tions and Misrepresentation. The depression
which came to close in 1850 arose from entirely
iilIerent causes-bad harvest and badly paying
foreign trade The Economist does not predict
any course but thinks 1t well that these diher-
ences between the two periods should be
clearly recognized before calculations are made
upon their comparison.
REPORT of the auditor of the public accounts
in, Virginia, just made, furnishes number OF
Interesting financial facts: Value OF real estate
In 1850 s25l 242 502 do. in 1879 s24s 455 3S; In:
crease in lss g go Value Of personal
increase in 1885, 90, 39s, 5l3 Value of incomes in
1850 So s22 46O do in 1879, s293l l5O increase in
1880 1919, 311 Value of real estate, incomes and
1 s7s sis. sos, $50 increase in is8S $3.50, 400
The white cspitation in 1850, was SlS7, 1896 and
the colored, Sll4l93; total capitation tax, ss0l,
8ss; amount Of insolvent eapitauon, white, ST.
do 1a1i ia v on
land foots up $4,000.
The following is the statement Of the Bank OF
England on the first of March:
CIRCULATION. ,!.'......'.'''.' , .io 10
Coin. .................. 2l,7SO9 S9
Circulation over coin, ............. 60, 2a5, 4Gd
Deposlts 19s'
Reser2e. l%,oliooi
meposits over reserve ......... q. eco, 475, $50
The following is the statement OF the Bank OF
France on the second of March:
Notes in circulation, francs - 81 az
Soii' ii"h0s' '''''''''' '''''' 4''',
Circulation over coin. francs. -. S09,Oll ,596
The coin is thus composed:
Gold, francs. ...... So, 865, 6i3 S25, S3l, 002
Silver francs. Il, 1873, 2555Ol 1l32 1888 1856
1866, GIL l44 1855 1875
Augmentation francs. 7606,9i6
Inc latest project Tor the lnnatlOn OF currency
in Japan. is the scheme of the kairiO Kwasna
to establish bank, to be naned Chiken Ginko,
for the purpose of issuing bank notes against IL
tie deeds of land.
The Chinese government has applied to the
Osaka mint TO coin for 1t 4,00l, 600 gold yen.
On March IL, 1881, year ago, the capital and
surplus Of the banks in Chicago amounted to
S7,02D, COO their loans to $50, III, and their
DEPOSITS to rs, 1886. In addition to the cap
ital stock and surplus reported, the banks on
the 18th inst also held 81, 234,o76 Of undi-
yided profits and $3.50 745 of real estate and office
furniture. The circulation of the banks ut the
present time is limited to S743,797.
The Mining Review, of Chicago, states that
strong body of representative gentlemen are
now prepared to organize mining exchange
to deal exclusively in mining stocks, and there
is no doubt but SOME action viii be taken, If
the new stock exchange fails TO make adequate
provision for the transaction Of mining bust
ness.
: The Stakeholder publishes an instructive ia
BILE of active stocks dealt in on the New York
Exchange. showing the decline in their values
during the past nine months, The footing shows
the depreciation to amount to over $40 o00,eO
These figures provide for the discounting OF q
vast amount of disaster.
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