The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-07-06
FINANCE AND CG'rl0N

u. M,
W. H,..r. r Nh was before the
1nr I.... . ir action upon the sen.
ate /. .f..... .. riislO Of the ways am /
,uet ....... .. not "a little surprise by
stat .H...... &c had before 10 u pro
nns t k bankers TO lend the
-, .ft e ..i.... q per cent, on condi.
NV .' r .H stand 90 least one year
w ~ limit. statement saying that
~ KHAN. Through Mr. NorvelI-
.he banker but vino said
TX Ncw York bankers TO
he a., 10 Cannon indicated his
sunrise by asking why men We're Wllllns 20
lend money 10 the goyernmtht ioi ",e I'm IN M ~,
per cent when they Could 20 mo ll"ihos a'lu
pv,rcbasr As having twenty-five years TO run AZ
such n rate that lhey Ioulu luuli"o "NS"aii,Sd
per cent on their lhNGsuhtnt, Nopou!
pptFerpd any explanation, but MI Mason
a. Of lie ways and means committee,
said he thought Mcssrs, carlisle anu he,t!
bad made their statements too strong mat NJ
N M did not say that he was authorized to
snoi,a Inc offer but did make II after conSu!ta-
Ton with bankers In New York Nj kGsSoh
did not think that mere informal Oler oil mn
snrt IN II committee, unaccompanled by any
ssmoronteC. should be allowed to influence The
action of the house. A decided majority nl me
house seemed 10 agree with Mr. kaSspn III ms
view for the sherman per cent. amGndmeIt' III
conn, cuon with which the NOrNel Oucr was
mentioned, was promptly concuTred IN. .,..,,
The matter has not however been permitted
90 drop here on Thursday the ways ana
Mans rommittee authorized Chairman Kelley
"a Introduce on the day following, and endeaIor
TO have passed by unanimous consent JoIht
resolution empowering the SGcIe'T rE ul liz
treasury to accept the Noryell offer the resolu-
ton If the text has been cor
rectv telegraphed, does not eX-
presSly provide that The Per
rrents shall run at least one year II provides
that they shall be payable at any time az me
option Of the government but not unu, an
other bonds bearing II higher rate man per
cent and payable at the pleasure OF the gov
eminent shall have been lirstpaid oiOrcaIicd ID.
II also provides that the per cents when may
be either in the form OF bonds OF OF ttl.
tifratcs of indebtedness, IN the uistIGuol
of the secretary of the treasury shall be
called in for redemption in the Oruer lhNtIac
to that in which they shall have peGn ISSUED,
and that they may be used by haUOn4l ohshS az
security for their circulation, and deposits OF
hubble money with them, upon the same terms
with other government securities, , =,
The effect of the passage of this resolution IN
addition 10 the sherman 5 per cent section
would he assuming that the NOryeU oher is
made in good laith) to deprive the proposed . :
of ALL nearly AL that would HTo ,lo,i l The
as would be more desirable because they
would be the last of the bonds redeenmIa,, !,
500 Coz oo6 out of the $500, COpOyO of redeema-
HE bonds converted into rs and made
the lastto be called in. the holders Of the re.
naming 5000 100000 OF " would proO4oi! ho
Wherefore as though the effect OF the JOINT reso
ltion (sill, of course assuming that the oner o.. on
which IL is based was maue III soIou lS a ~.
would be practically to nu'lify, or render OF nc
atTsct IN o per cent lection of the bank-char'
ter bill So at least 1t looks to an ordinary mlnd
eve But ii people Will oiiert u lends OOyOoUOQ lol
one wear to the government at 2 per cent Whei
they can invest in existing government secure
ties having twenty-five years to run so as 10 re
alize nearly per cent year on tnelr invest o
ment it is not easy to tell what they may or may
not do. Possibly after taking s20OOOO,O COZ of Sc
curities at per cent, they may offer to take
5000 COO 900 more at per cent upon similar con
ditions That would be next to borrowing
money without interest by issuing greenbacks
as proposed by many eff our 'loony' hnanciers
TT is rumored that Gen. Palmer has jus
placed 81 900 600 of Mexican National bonds IL
Europe at higher price than those prevailing
here. -, A., ,;,.,,,s -
treasure from san Francisco overland were ca a.
fellows: Gold COIN $1,000; silver bars, s3i0GO
currency, $1,000; total, Sis, 600
The amount of gold and silver coin in use b!
two great nations is as follows: United States
$3.50 tOOO 0: France, $1,000, 600 100. Ihat Is: I'M
limited States, producing more gold ana sllye
than any other nation, and having nearly ~ o9 H5
OOOmOre population than France, mas 3oO,oOVOO
less coin than the French republic.
The WAYS and means committee at Washing
ton, has directed Chairman Kelley to prepare
Joint resolution for the issue OF per cent bona
10 the amount of 5000 O,OOO
According to the report of the director of tn
mint lust transmitted to congress, the total pro
duction of gold in the United states for the yea
was S3i, 1OOOOu, ana OF silver, sio,VuuOVO' NGIo
RADIO takes the first place among the prodnc c.n
states with a ' eld of more than $40 OO0 600 Cal
fornia fellows with a yield Of nearly sl9,OJc,OC.
and Nevada, which at one time ranked MIST ~ !
now third with a product of less than So, 0Op coo
Arizona covers an area of 100000 acres o
land, four-tenths of which is mineral bearing
IT is larger than New York, Pennsylyana re,
has been extracted from seven states and terri
tories the sum of s., l00C0L0O0, for which Can
mia is credited ST. las. 3OI73l; Nevada, SOY 10
hn QOI. Oregon and MhSnluEtO
tory, siS637, PSI; Utah, s55SiS,S $751; and Ar
l, tl793Ol65.
DALLAS EXCHANGE AND COIN.
Buying. Selling. Buying Sellin(
:, Ex H6xPar6k 81 Louis lIdA Pard
=. ago. .K@XPar@k N. o.. Hon Par@
yeston = Par@K Houston-.h Para
change, all points = tok discount sierhn
L "a S. Francs, SOS TO- Marks. %.
10 dollars . scots Mexican coll airs. .t
Asloan halves. .4octs. Mexican gu aIte Is J