The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-10-03
FINANCIAL AND COTTON

TEE fol owing interesting article is taken from
the Chicago Times:
isln0tClOO 0l must now be ready. or very nearly
,sssiy 10 be issued. These certificates are q lit
~ larger ihau gTcenbacbs, and resemble them
IN appearauVe though some of the tiutng is,
Excessively, IN GOLD The denominations run
nam go up TO Sl0 100, Corresponding TO those Of
NE grecubacks. The 10 mole has Yiguette Of
~ late President Garfield; the $50, Of Silgs
Wrsht, the slON of Thomas 4, Benton; the
san IL President liueOln. The NLCU9 of Alex
sn1er Hamilton, the $1,000 of James Madison.
and tht $4,000, Of Thomas Jefferson Some
treasury officials expect that these certificates
viii soon be at u premium, assuming that
hfy will be shipped abroad TO q Consid-
sreble extent instead OF coin aud bullion.
should they prove to be acceptable in settle
meut OF foreign balances they might very likely
take ON premium as lhe cost OF Shipment
would probably be somewhat less, and rs loss
Nv shipwreck might be obvlattd. 1t Is also be.
iieved In some quarters thai greCubaCks will be
converted mo certificates by the process OF
presenting them for redemption, and then de
ioSiting The gold received for them, and TAXI K
certificates |, was in anticipation of this that
sproyisiOn was inserted in the act directing the
secretary OF the treasury 10 suspend the issue of
certificates whenever the amount of gold Coiu
and gold bullion in the treasury reserved for the
redemption Of United states notes falls below
5000 600 The secretary OF thl3reasury viii
has, to cluciiata the meaning Ofthis. since he
alone can say lust what part of the gold coin
and bullion In the treasury is held for tho pur-
pose stated Possibly as large n sum as b.
eOOOO of grecubsGkS may be presented tor re-
demptiou before the suspension OF oerud.
cate issues In that case people will
look with some interest to see how the secretary
win comply with the law which requires him 70
reissue, pay out ana keep in circulation"
rreenbackS as fast as he reCeCms them II is
worth while 70 remark that ii he should sue
coed In complying with that law, the currency
would be inflated to the full amount Of the
greeubacks redeemed for the purpose stated 1t
IS anticipated, and probably with good reason,
that very large part of the gold now In the
possession of the hanks and the public win be
deposited In exchange for certificates, This viii
Amos, certainly be the case II the secretary
causes the Ccrthcates to be both issued and re-
deemed NJ all sub-trc0suries, rs he may do and
ought to do, The conversion of coin into certh
Gates viii, no Doubt have the eject of imitation
70 some extent, ms the certificates viii. be likely
to circulate more freely than the coin now does.
The certificates win however, serve more TO
promote the convenience OF those who have OC-
casOa to ship currency from place To place than
toiuh4ie the circulation. They may be in,trl.
mental to some extent in sending gold out of the
county but there is probably no great danger
10 hal quarter.
The exports from Germany to the United
States show marked increase In the second
quarter OF the current year, as compared with
tue same period of ISL The returns OF the con-
sui general at Berlin, containing the reports
from the American consuls iunonhem Germany
only give the surplus over last year. for the
three months ending June 80 as about 10 600
tC0m. The increase ofthe Berlin exports Chiefly
dry goods of all kinds, stationery and
chemicalS amounts to 2, 76i Ni2m, the total sum
being l5dL l25m. The further increases are,
From Creield silks 3O6) 22Om; from Barmen
iwoOlen stuls aud cloth la GGUm. LeipSir
lo92 Sjlm. etc, The value of the declared ex
ports from the consular district OF Hamburg in
the three months ending June 30 amounts Il
sL346jiOL as against &, 03t, GOl ~, showing al
Increase of S2ld0522 20, or 7O),i2Sm. The main
differences are.