The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-01
FINANCE AND COTTON.
FINANCIAL.

special dated Washington. May 25,h says
rbi, has been a field day for the comptroller Of
he currency. He sigutd u deed for u 10 per
s,nt dividend on the LIST OF June for the Freed
Mans Bank depoSitors, and appointed q receiver
ar The Pacific National Bank Of Boston In the
f,rs,er case he says this makes IS per cent al
r,ady PAID and he says there Will yet be paid
per cent. more before the concern is closed.
Regarding the Pacific National Bank, the
cnmptrOllcr says he appointed Linus NJ. Price
veceiyer because the directors themselves deter
mined To go into liquidation TO settle up their
business The comptroller saws that his
information leads him To believe its de.
nnsitors will not lose one dollar but
hat on the contrary after they are paid,
the stockholders Will receive handsome
dividend. one year ago they got into
litigation about some s30hU0l regarding some
certificates which they refused to pay, and they
national banks 10 give. three. months
notice before going into liquidation.
They paid mp $500, 0O0 and receiver was APP
pointed to-day, The comptroller says he be.
iieyes they will soon pay the remainder, hut he
wants to hear what u fresh man reports. In re-
plv To his Geographic inquiries whether any
other Boston bank will be affected by the Pa
cite bank failure, he Is tniotmed by government
agents that they are all right and not affected
one particle, and this is the result of the vOlun
tnry action of the Pacific bank people for their
own protection against the litigants.
A LETTER from London says in the financial
excitement which has been caused by Specala.
ton in electric light shares, SO great has been
the rush for shares that recently the bank where
the subscription list was opened was blocked by
crowd. Those who were behind rolled up APP
pliCation forms and checks and threw them over
the heads of those in front The market subSe
Quently fell heavily and is now more quiet but
sensitive, Telephone shares participated in the
fluctuations. United telephones are Hat on the
decision of Justice Fry In the case of the United
Telephone company owners of Bells and Edi-
son S patent, against the Harrison Cox Il walker
company to restrain the latter from infringing
their patents. The judge granted the inIunc-
ton restraining the defendants, from making or
selling instruments and infringing Bell patent
but with regard to Edisous patent the plaintiffs
had not established their case, and that part of
the action Was dismissed with costs.
Cape Colony reported last year 22,5OOOCO
worth of diamonds.
Under the national bank hill which recently
passed the house the minimum of bonds to es-
tablish new bank is s3J,OOO under the old law
it was s. 200
Prof Gunnino is authority for the statement
that there floats dnyisible) in the oceans, H. o.
900 as much gold as all mines and placers have
yet yielded. How is that for washed stocE
The creditors of the city of Houston have Of
fered to compromise 81. $40 0C0 of the cltys debt
at 50 per cent. receiving new bonds bearing
per cent. interest for IL years aud Z per cent
thereafter running 80 years.
DALLAS EXCHANGE AND COIN.
:, Buying. Selling Buying; Selling
n. z. Tx. R9%Par9s St Louis. 1.@x Par@t
chicago. ,h@&pdr@h n. o.. H@%PPdr@ I
Exchange, al points x oxdiscounL Sterling
sight 81 IS Francs, sos 10. Marks, 25,
Trade dollars scots, Mexican dollars =. soc
Mexican halves. ,4Octs. Mexican quarters l5c