The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-10
AND COMMERCE.
FINANCIAL,

legislation on the subject of the nations
small coins. For instance, the present s.
cent piece contains q grains more than its
que proportion of metal as compared with
tne scent coin authorized in 1868, although
the alloy IS the same. All the small coins
should have uniformity of alloy, he con-
tends, the devices should be uniform in
character, and there should be due proper
ton IN weight between the various pieces
The plan further recommends that the ALLOW
be 10 per cent. copper and % per cent.
nickel, this being the best alloy, because it
does not oXidize, retains its color, is clean,
and without odor. 1t can be readily worked
ana Is difficult to counterfeit. He would
nave the 5-cent piece weigh 8
grammes, the Scent piece 3 grammes,
and the l-cent piece II grammes
which is as small bulk of metal as can be
conveniently worked upon in coinage He
would have on the above coins classical
head OF liberty surrounded by the words,
UNITED States of America" and the date
below On the reverse, wreath composed
OF wheat, corn and contemporaries of the
country-surrounding the Roman ", ILL.,,
l., on the ., . and -l-cent pieces respect
lively. The sizes OF the coins wonld be: For
the 5-cent piece, % millimeters in diameter:
scent piece, 10, and the cent piece, rs mil
limeters. This would make the Scent piece
4 mlllimeters smaller than the quarter dol
lar, from which ii would be easily distin-
gulshed-iirst, in the day time by the color,
by the device, which is absolutely different
on the diverse and the reverse; and at night
by the plain edge, while the quarter dollar
has 'reeded" or "milled" edge, as il is
improperly called. The Scent piece which
is at present exactly the size of a silver
dime, would be two milimeters larger, with
the same marks of difference as noted be-
tween the 5'cent piece and the quarter
MR.. RANDALL at the beginning of the ses-
sion announced his intention of moving To
abolish all internal taxation. Later on he
modified his programme to except distilled
spirits, Now he says that he will favor n
reduction of internal taxes to the amount
of 1000 600 year.
a calculation has been maS~'--
per OF the commjtt"e appr'yi,mno - mem
Hucsi9$S Alch must be made in internal fer mi
.aGes to reach the figure proposed by Mr..
Randall. In the first place, taxes collected
by the internal revenue commissioner on
periumcry, matches, bank checks, proprie-
tary medicines, etc, amounting to about
Sll 10000, must be repealed. There must
also be repealed the tax collected by the
treasury department on National bankcapi
tai and deposits, amounting to $1,000 900,
by reducing the tax on whisky frouI ninety
cents to fifty cents Il gallon, about S2S ,0OO,-
go OF internal taxation will be abolished.
II the special tax imposed on
dealers in spirtuous and malt liquors are
repealed, there will be saving OF $1,000.
600. by reducing the tax on cigars and
cigarettes, claSSed rs cigars, not touching
paper cigars, from 50 TO 80 per 900, about
S2,lOO,OOO OF taxes will be taken off. Ifthe
tax ON manufactured tobacco is reduced
from sixteen cents to twelve cents per
pound, S5,3O0,OOO will be taken OF, and the
reduction of the tax on beer from ~ Ia
sixty cents barrel, will reduce the rev, nue.
about S55O,00O making total reduction of
taxation under this approximate estimate
of S63, 100000
A member THE commission is authority
for the statement that Mr.. Randall has said
mat he would not support the tariff COM
mission bull with the internal revenue
feature lett IN, The gentlemen who desire
q reduction OF the internal taxation, includ-
ing nearly all the democratic members. will
vote in committee to keep the internal
revenue clause in the bill, in the hope that
10y SO doing they will secure its defeat in
the house.
TnE foreign trade statistics of the United
States Tor the year 1851 are ofparticular in.
tercst ut present. The exports of mer-
chandise amounted TO $S33, 5li ,l2g, against
SSSD,6S3, ~ Tor the year 1850, showing a loss
of $50, 1926 The imports also show
decrease. In 1881 they were valued at
500, III, 9O4, while in 1850 they were S696,.
SO7,l76, decrease Ct S26,6S0,213. The ex-
cess cess OF Of exports oyer imports was in lSSl
Sl63,&6, 30, and in 1880 $40, $40, PIG, a de.
crease of SN,iSO0O. Ii was during the
last six months of the year, however, that
the greatest loss in balance of trade oc.
CURED. In the first six months there was
an increase IN exports amounting to Si2,-
68,N2i, and in the last sixmonthsa decrease
of6S,S6S,.l7 The imports decreased S,5I..
l42,5io in the first six months, and In.
creased S3L loS,H1 in the last six months,
The excess OF exports over imports showed
u gain OF 500 ,S1,i12 In the first six months,
and u loss of Si,Sl6,i01 In the last six
months. IL is noticeable fact that
the decrease in the balance of trade in
the last halfof 1851 is due not so much
to an increase In imports as to the falling
oil IN exports, about 20 per cent. of the total
decrease being from the latter, and 80 per
cent. from the former. The exports of coin
aud bullion IN lSSl amounted to $40 G66, SIT,
against Sl6,0i5,09l IN 1850 an increase Of
SS6NOl6; the imports amounted to SOS.
ol,Sp, against SS1,2l5,13 IN 1850, n de-
crease of SIG, ,ilS. The excess of imports
over exports was so, 327 a in 1851. and SGg,.
22O,S22 in 1850, u loss of 1890, 37i, The
net imports Of gold in 1881 were 81, TQ5. or.
and the net exports of silver IS i67 ,62O. In
1850 the net imports of gold were $70,56
80, and the net exports OF silver l,33s, Ol1.
In the two years the United States hns