The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-12-13
FINANCIAL AND COTTON
FINANCIAL

rus comptroilerof the currency has completed
IL tnnuAl tables, shelving the amounts OF
Trj,ed states bonds held by the rational banks
s.ste banks savings hunks aud private bankers
an Inc lst oi November, lSSe. The national
hanks held ON November |, lSS2, as security for
Circulation and for public deposits aud other
.n,noses sS0s 59S 400 of int rest bearing bonds
IA ne United states, This is nearly $50 OOO. COO
isss than the amou.t held ON November l. 1851
snl about e. Ol0 100 less than for the correspond.
ine da e in lSSO
lansing associations other than uatioual hold
these bonds as follows; state banks in twenty.
one states. 'S759, l12; trust companies In five
states 1854 Sl2 savings banks in fifteen states,
sS7,7s6 AZ; total, SlC3 49,, i26.
There mas been during the past year decrease
ofab1ut az, O00,00O in the amount held by state
hanks and trust companies, and an increase of
rearly S27,t 0O,L 100 in the amounts held by say
ings banks,
nv these assoc atoms i'll 1852 were as follows;
Eastern States, s42, Co.. 2iS middle states slg7,
lSi 23g southern states, S26S,3j0; western states,
Sibg4!i Pacific states, s. ,U2O,l75, total, s263
ii0iS6.
pors made to the officers OF the different states,
which have been forwarded by them " the
comptroller.
The interest-Learing funded dehtof the United
States was, on Nov. !, sl,lls,O,Q2O0 The total
amount of bonds held by the national banks,
state banks and savings banks at tho nearest
corresponding date that could be ascertained
was 1853, 9SS S26, which amount is not greatly
less than One-half of the whole interest bearing
debt
similar facts have also been compiled from the
returns made by state banks, savings banks
and private bankers to the treasury department
for the purpose of taxation, showing that the
banks and bankers OF the country, exclusive OF
the national banks, held all average amount Of
United States houds during the six months end.
Ing May 81, 1882, as follows; Savings banks
s2i20lS 49,; state banks and trust companies
2i5ll Is private bankers lis7NHj; total, 2S0,-
ll0)5h
the commissioner Of internal revenue which il
the amount invested in United States bonds and
may include the premium as well as principal of
the bonds is L. 5000 more than the amount
obtained from the returns to state officers. The
difference is comparatively small, and the
amounts obtained from the one source serve to
CorrObOrGte the general accuracy OF the returns
obtained from the other,
GENERAL RAUM, commissioner Of internal rev.
enue, has Submitted his report to the secretary
Of the treasury lie shows that taxation by in
ternal revenue has increased from Stli,OJ9 00J in
lS9tO SIG, 5000 0 in 1881, and estimates the re-
ceipls for this year at $l4j,OO1C0O lie believes
the revenues should be reduced from Stl 600, 900
. NO0JhOOO annually, ana that II they are con.
,inued at the present rate the treasury would
neceS>tatc the purchase Of bonds, the demand
for which by the government would enhance
their value at the cost of the people lie thinks
the duty on sugar now amounting to sl5 600, 600
yearly should he abolished aud that home pro-
du(ers, a. an offset 10 the loss Of protection be
given bounty of az cents on each pound man
uiaCtured The commissioner estimates the
stock Of distilled spirits in bond rs about equal
to six years consumption, and thinks an extern
sion of the bonded period is pressing want
of the trade As the manufacturers, to avoid
the withdrawal of their property and c0nSe-
quent payment OF taxes, are thinking of export
Ing their whisky and then TeimpOrting aud
storing II in customs bonded warehouses, Gen.
eTal Baum is of opiniOd that legislative relief
could be afforded with safety without putting
the manufacturers to this outlay.
The amount of the funded debt redeemab'e
atGny time before September J, 1891, which will
remain unpaid on the S0th OF June, 1883, is about
$500, 900 and upon the foregoing estimates for
funded debt now redeemable could be paid be-
fore June 80, 1886. This would leave us the sur.
plus for more than FIVE years the amount of
S6.0,CO)000 uudisposed of in the treasury, I'M
less, yielding to the temptation OF seeming
wealth, expenditures be largely increased, The
amount OF the loan Tedeemable in 1871 is only
100000 000 and MS has been stated, no other
loan becomes rcdeemAble until 1907, 20 that the
surplus under the conditions supposed will rap
idly increase until that date, The amount Of
the loan of 1907, rs already appears, is less Than
NiO,190O50, so that, were 1t all rcdeemabe, the
whole public debt could be paid from surplus
as great rs estimated early in the fiscal year end
ing June 50, 1904