The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-08-24
FINANCIAL AND COTTON.
FINANCIAL.

,.,,li,g secretary of the American
TIE ls'sssdlciation' Mr. George Marsland, says,
BanAvs tx hundred savings bauhs Nv '!e
''llai ,'l States, having deposits sLOur,ns "a
Si9e9>s,.,Vt, ii,SJiSSur This statement shows al
~ gs cfSrh ;l6imnto in depcsiIs IN Two ,1C'
ipe,tS's, if,;,rS somewhat however from tue
yeatss, bv the compiroNero OF NE c9rftnV! lu
y" i,st annual report when vlhceu tne We We
bis "a. ssia l.6 g7' IN 1850, or about 81, WloVu
posts az, ~ Narsiand places IL The officers
noIt WGGn Institutions are taking more
Of AiVs tbr bankers convention ms year
inWivil have done heretofore, heeaus" ine uc-
ulaa \; current rates of interest mas iaNWS nv
eluy Nv them to modify their modes OF Hulns
essW3 ~ ThrWsstern and southern people are
bushtsS eaIrcrped. however siucc no states
mol pe as 'h p fomac or west of the Aleghanies
noltu W savings banks to the comp
npWor Of the currency last year SH'
uu'V' ouisiauA Ohio, indiana anu N"l'
"S"ia and these reported al ION oH on S H12e
StV,,,Iv sli 0OGOOl. or less than one slNty-Ihird
n,Il Of The total for the country
.roev was in circulation in New York that
.,AASasl reason for the rise IN chicago N1rth-
nesiern was owing, not TO MI Nlnlalh ~ na,l-
wesNHnirs bwying orders but to the manipuia-
Ielv"eg Mr. Law Gould 1t was SAID That the
uous 'rcnteman picked up rs much floating
ls sNt ss possble through the mouse oil WORK,
W. ,n q 10 at from IL 10 lSs, and then sent IN
sug IN bid up the price, when was an easy
matter in view Of the s0se MnS om I'M w Under
N.S Of Inc rapid rise in all investment STOCKS
shib ,vas NATURAL consequence OF the strength
wan VI Ch,"sgo Il Northwestern, 1t was said MI
~ ond has unloaded large lines OF his own
.neeslies, thus making money eoth ways.
ante certain that somebody has
hssp feeling the wabashes and South.
pset In large quantities for the past
va days and this lends color 10 a fumOr
'sSieh otherwise might seem incredible, 1t IS
Known that Mr.. Could thinks the market would
he healthier for some reaction. but we doubt ms
attentions of selling for more than such turn as
a. v,est wall street operator would naturally de,
~ m ,nakc in a market which has advanced
from fifteen to twenty points with hardy SCI
back
IL bis address at the opening OF the mining
Mposidon at Denver, Mr.. William ID, Kelley
s41Goll and silver have been, from the eaflieS
asys the metallic basis of the money
VA credits of the world; 50 the!
win 6e through oil time: let economists ant
doctrinaires aud alleged philosophers, for brie
pefiods assert TO the contrary, Your silVerwll
centuries hence, make part of the worlds grea
WhN, lately been discovered In England tina
thc cost. including the wear and tear on 81 ,OO0,
OOiof bank notes in circulation during tiiteei
wears Is four times rs much rs on the SAINT
amount of sovereignS. The cost and wear an'
tear on 81 100000 of bank notes during iif,eei
wears, including three renewals thereof amount
according to recent investigations, TO iS2 0OC
while for the same period (no renewal being re
Guredl the same amount OF soveieigns cost In
Guiding wear and tear only $4,000, makinga di!
ference of f2i, 600 in favor of gold.
one hundred and fifty millions Of 81 per cent
bonds have already been surrendered by na
tonal banks alone, and there is every reason
believe that the amount received from thes
banks will aggregate nearly $3.50, 0O0O0O.
The first copper cent was coined In Ne'
Haven In 1857