The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-17
FINANCE AND COMMERCE.


FiNASCIAg.
Mr. BUcENER, Chairman of the Banking
and Currency Committee, has introduced q
bill into the House, the first section of
which provides that no new national bank
shall be organized under the general law,
and that none Of those now existing shall
be continued by renewal of charter, by reor-
ganization under new names, or in any
other way, and that no circulating notes
shall be paid out to any association now in
existence, in addition to those now out
standing, except in renewal of defaced,
worn-out and mutilated notes already
existing and outstanding. The section
provides for the issue of
Treasury notes to an amount not
exceeding in the aggregate the present total
of United States notes and national bank
notes together, such notes to be in dcnom-
nations of $40, $50 $50 500 and $1,000,
the same to be redeemable at the Office of
the Assistant Treasurer in New York, in
sums Of 500 or upward in standard gold or
silver coin of the United States 1t pro-
vidcs that these notes shall be receivable
for all dues to the United States, and also
for all dues from the United States, except
where some other mode of payment
is expressly provided for by law or con-
tract" The third section provides that
the proposed new notes, Of limited legal
tender capacity, shall be substituted for the
present legal tenders by retaining the lat
ter as they may be received into the treas
ury, and paving out, instead OF them,
either the new notes, or gold or silver coin
Tho fourth section prescribes the method
of substituting the new treasury notes for
those of the national banks 1t provides,
for one thing, that in the case of a bank
going out of existence. by expiration
of its charter or otherwise, its bonds
deposited rs security, so far as they may
consist three and half per cents. may
be redeemed by the Secretary of the Treas
ury in the new notes, par and accrued in.
terest being given for them, or the notes
may be disposed of for gold and silver coin
at par, and the latter applied to the re-
demption of the bonds, and thereafter the
notes Of the bank shall be redeemed at the
Treasury OF the United States, and there
upon Cancelled and destroyed. In other
cases banks must deposit United States
notes for the redemption Of their notes OH
closing out their affairs, and the United
States notes so deposited will be converted
into the new notes in the manner first pro-
yided.
THE statement issued by the United
States Treasurer of the funded debt of the
District of Columbia shows that the total in
debtedness is S2l, so, $50
The receipts of the Kansas City post-of-
flee, in 1881, were yl56,62I in 1879, $50, 76S.
The sale of stamps shows an increase in one
year OF over $4,000, while the increased ex-
pense Of the office is less than 5000.
According TO the annual report of the
County Treasurer of Harris county, for
1881, the total debt of the county amounts
to $5l ,52S3S
The business OF the American people
amounts TO eight billions per annum. Five
per cent. Of it is transacted by money, the
other ninety -iive,pcr cent. by checks, drafts,
bills OF exchanges, etc. The total amount
of our money circulation is one billion four
hundred and iilty-liye million dollars.
the bullion output OF Arizona, in 1881,
as far rs heard from, was S9,OS5,G79 in
Guiding s., lao, ~ from the Tombstone dis
trlct alone. The copper output was S,0BS,-
405 pounds. The Tucson Stor predicts that
the silver and gold bullion output for lsS2
will reach S25 0O0,0 and the copper out.
put over 100000 pounds, us that indus
try is yet in its infancy.
Our trade with Great Britain and the
British possessions in all parts Of the world
is more than one-hali of the entire foreign
trade OF the country the yearly imports
of merchandise from them being valued at
sag, l4l ,S23, the domestic exports at $3.50.
96i ,552, and the foreign exports at s. ,9G7,-
3o2-the sum being $103, $40, 7G7 out of a to-
tai trade OF 81, 5l5Oil ,9l. The trade with
France and French dependencies comes
next, being about $4,000 Germany third
with Sl23,OOO,0OO, and Spain and her de.
Tendencies, which are second In the item
OF imports, stand only fourth, with Sos,
eco 1000, when both imports and exports are
included. There Is u long gap between
these countries aud the lfh, which is Bra.
2il, our aggregate trade with which was but
Sb9WOOOO,
DALLAS EXCHANGE ANp COIN.
Buying, selling Buyiug S,lirg
y Y. EN. hW lar@A S. Louis &c al1rGI.
uhi,ago tg Alar@A \ O.. h1A Faro =
galveston = raraA lluuston.h Pare 4
ENthOuEc all points y to y discount sterling
sight - ~ Francs bWN ~ Marks, "a.
Trade dollars .. ,Uuis, Mexican dollars .SC,tS
Mexican halves, iCcts. Mexican quarters. lSets.