The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-12-14
COMMERCE AND TRADE


Tttg COMPTROLLER Of the currency has c1ilPilown
his annual tables sh9T hv ,he national banks
STATE banks savings bunks ana pIddyat7 ,Ue,,snai
an the lat Oi November. ISL Iho nhn,1 ~
banks held on NoycmGght, = d S3 and other
G ,,,,.n. ssoS 52s iO6 of Misunderstanding bonds
~ tGe United states This Is nearly toov N.Y.
less than the am0u-t heiu on vi 4, rr.snnnd
and about sI 900, 100 less hau iOf hecoIlesPO""'
ing kS uS associations other than national, h9d
these bonds as follows state panks III ' ~ AZ
nno states Isl l12 trust companies IN I'VE
,a,es SiS Ri SO savings banks IN hileen sta'es'
sci 7s6. 4il; total, slCS, itli26 docr,ose
There has been during the past year 1ectvnso
of about 5000 900 In the amount an increase Of
hanks and trust companies, ana an l,iS ~ cav
nearly III, 10000 in the amounts heiu py s"'
ings banks. Ao,, In ooographical divi' INNS
nv these associations in 1882 were as II lows;
Eastern states t42, 667, 2iS; middle sta" $, &c.,
IS5 go southern states, SOS, S1H ives" m states,
sSst9 Ia Pacific states, S2',O2OlIo' otai, sZ63
Taese returns have been CON piled from re-
norts made 10 theonicers of the different states,
which have been forwarded by them 10 the
M INTEREST," earring fund ed debt of the United
States WAS, onNov. l. 81, AZ tQ2OO. The total
amount OF bonds held bv the national Drinks,
state banks and savings banks al the nesres
corresponding dats that could be ase erlalneu
was rose 9SS $40, which amount is not greal!
loss than one half of the whole Understanding
q hit ,,,o,7 eror, In
-retlrus made by slnte banks, savings banks,
and private bankers 10 the treasury uePalliheu,
for the purpose OF taxation, showing ,i w. ~,
banks and bankers of the country, eNcu.ve o.
tbe national banks held an average amount OF
United States nouds during the SIX months eila'
ing May 81 1882, as iollo vs.; SAVINGS uaiihs'
SOLO OBS S2; state banks and trust companies
23,3ll As; private bankers, lis'"'io toV'' -oo''
ll0917. 49,, .,,.,, =,
the commissioner of internal revenue, Wnlch i
the smount invested in United states DOnus, anu
may include the premium as wen as PilnClpa . U,
the bonds is l6,C5OOO more than the anq gLl
Obtained from the returns to state oliceis, Inc
difTarpnce is cOmparattVely small ana the
amounts obtained from the one source serve 10
corroborate the general accuracy Of the returns
obtaintd from the other
GENERAL RAUM, commissioner Of internal rev.
enua has Submitted his report TO the secretary
of the treasury lie shows that taxation by IN
ternal revenue has increased from sil3,OOv wv III
1870 SIG 500 0 in 1881, and estimates the re-
CENTS for this year at 4j,OOOoOO. he Deleyes
the revenues should be reduced from SOlUO1OVV
y IN 0yI Geo annually, acd that II they are con.
Ned nj the present rate the treasury wonld
Rtain n surplus in a short time when WOulu
hecessitate the purchase OF DQhus tG
their value al the cost of the people ne MINES
the duty on sugar, now amounting 10 sioVVoou
yearly should be abolished, ana ino ncg pro b
given bounty of pa cents on each pound man an
iifactured. The commissioner estimates the
stock of distilled spirits in bond as about equal
10 siy wears consumption, and thinks an eNten.
sion of the bonded period is pressing want
of the trade AS the manufacturers, 70 sVold
the Withdrawal of their property, ana cohse-
ouent payment of taxes, are thinking OF export,
ing their whisky and then reimporung ana
storing il in customs bonded warehouses, Cen
eral Raum is of opiniod that Legislative renel
could be afforded with safety without putung
the manufacturers to this outlay
THE amount of the funded debt redeemah e
Mt any time before September ], 1891, which VII
remain unpaid on the 30th of June, 1859, Is ABOUT
$500. 600 600 and upon the foregoing estimates I9I
the fiscal wear ending June 80, 1888, lhe Wnple
funded debt now redeemable could be pald pe'
fore June 80. 1886. This would leave as the sur,
Mus for more than five years the amount OF
500. 900 OCO undisposed of in the treasury, I'M
less Welding to the temptation OF seeming
wealth, expenditures be largely increased. Inc
amount OF the loan redeemable in ls9l is only
$3.50. 600 900, and, as has been stated, no otheI
loan becomes redeemable until 1907 SO tnat the
surplus under the conditions supposed wlltrap,
idly increase until that date. The amount OF
the loan of 1907 as already appears, is less man
$40 600 ahO. so that we're it all redeemaDle, iht
whole public debt could be paid from surplus
as great as estimated early in the fiscal year eho
ing June 80 1894.