The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-19
FINANCE AND COTTON.
FINANCIAL

s.vs II aisircets; Tha. hill should have
osssed the senate rrpeahng the law making
remanent appropriation for tho purchase OF
liver bullion without attracting tue attention OF
~. distinguished himetalists in that body was,
~ course, matter of surprise. Some OF those
Sentemen, evidently DESTROYS of OK laintng
MAR want Of observation have endeavored 10
maintAn that this new bull cannOt AFFECT the
snnropriail0n for the coinage of the standard
sryer dollar for the reason that the Bland bill
snthOrEng the coinage makes specific appro-
nristlou of $500 600 for the purchase of silver
hnInon which II was the design eff the law that
he secretary of the treasury should keep cou-
dnuously invested in bullion. more care
nassed however. in connection with
he letter from the treasury de-
@rtment rccomn ending its passage, shows
clearly that the appropriation which would
Affect the coinage of the silver dollar Is included
IN This act The very letter transmitting the bill
has list of the various appropriations which
would be alice ed by the repeal, ana in that list
anpears he title, page and volume OF the Bland
silver dollar law If this bill sh, Md be passed
by the house, therefore the silver question
would be a continuing agitation, as would be
necessary for the departments to estimate, and
for cong ross to annually appropriate, the amount
necessary to coin any silver dollars
Tho truth is, that the bill proposing the repeal
of the permanent approp iations is wise meas
nre. and the fact that it affects in any way the
Of it, The circumstance, however is wor-
thy Of special note in that It has
made apparent ut least to the insiders.
that the silver dollar has lost its strongest
friends BImctalists in the senate who two
wears ago could not with patience listen To any
assaults upon their iavorite coin, now privately
admit although they have not MS yet the
courage to publicly declare their convictions,
that II would be well enough to have this law
passed and to have the silver question brought
h N..N E.aN
ifthe time shall come when the representatives
Of the people shall be unwilling to vote the
necessary money 10 coin silver, il Will be then
well TO stop its coinage
CONTROLLER KNOX says hereafter national
banks holding 4 per cent. bonds de gosited for
circulation, will be instructed to charge or each
year One-tweptieth part of the amount
Of the premium thereon and counted
as an asset: those holding 4 l-gs will
be instructed To charge OIL in II similar manner
one-enth of the premium. and those holding
cure cy 6s to charge Off say one-tiiteenth, in
each case one-h half Of the yearly amount TO be
charged oil mi-annually, previous to the usual
date for declaration of dividends. This is to
be done with the understanding that at no time
shall the amount of premium counted as assets
exceed the market premium of the bonds held.
SILVER bullion valued at s2,254 % was last
week shipped from the McGregor -and CONNER
cial mines of Grant county, New Mexico.
The pastweeks sales on the mining exchange
in Chicago amounted to % 800 shares on Monday
l,6 on Tuesday, 7,6j on Wednesday, $500 on
Thursday 1860 on Friday, and 300 ON Satur-
day, or grand total OF 60, 10 shares.
BERLIN, May 1S.-Specie increase, $4,000
marks
LONDON, May 49, Consols, money, ~ 3-16to
1Rl-i
DALLAS EXCHANGE AND COIN.
Buying. Selling. Buying Selling.
n. Y. Ex. h@%Par@A St Louis h@% ParGpA
Chicago. .hGAPar@A N. o.. h@AParcDa
Galveston \ Par@A Houston..h ParGA
Exchange, all points tokdiscounL Sterling
light 81 IS Francs, sos TO- Marks Is.
Trade dollars. Scots. Mexican dollars. Scots
Mexican halves. .4Octs. Mexican quarters 15cts