The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-01-19
FINANCE AND COMMERCE.


market value, ana personal property NiIA
largely escapes assessment altogether The
per capita valuation Is sG6l ~ iu New Eng
land, 1880 In the Middle States, sljI %
in the South, S33363 In the Western States
and $2ll % In the Territories. The bonded
State and local debt Is Sl1lGs2l 81, o
$22.2S for each inhabitnnt, but this is main
1y in the New England and Middle states
In the Western States this bonded lndcbt
edness Is only $l3l7 for each inhnbltant
The average interest paid on the indebted
ness is go per cent, the average rate ~ the
Western States being per cent ILLINOIS
and Colorado have no debts as states, aho
the debt of Iowa is small. The debts o
Wisconsin and some other Western, STATE .,,l
are trifling 1t has been estimated that the
total wealth of the United states increases
$4,000, 900 annually.
THE first national bank whose charter mas
expired under the national banking laws Is
the First National Bank OF Pontiac, Men
igan. It's charter expired on the LIST instant
and il now has no existence The law pro
vides for the winding up otiailed banks ana
banks in lquidution, but not Tor Dahks
whose existence has terminated by the en-
piration gifts charter. Another bank OF
the same name has been organized, winch
will probably deposit lawful money with
the Treasury for the redemption of the de
funct institution April II another ma
tionalbank charter will expire by limitation.
From that date to February, 1883, the mum,
Der of banks whose corporate existence VIII
!, terminate is 1913, having a capital of nearly
\ 800, 0OO, 600 and a circulation OF nearly SOH,-
600 600. Congress will undoubtedly. take
some action in regard TO this matter IN the
direction of extending the charters.
In San Francisco the year opens with a
much better supply of coin in circulation
and in the banks than the year 1881 did.
- The movement is fairly active rs the result
ofconfidence all round. There has been no
change in rates for some time. lhere Is
probably less money out on wheat than
usual, and the amount will be steadily de-
creasing for the next few months as the re-
naming surplus is removed from the state
The demand for exchange is fair. Silver
and silver dollars are dull. The savings
banks are looming money on city real estate
at to o per cent. and assume the taxes
The range of discount for the ordinary com
merclal paper is from to 8 per cent, Tor ~
and GO day notes with acceptable names;
call loans, 5 to per cent
One can get some idea Ofthe wealth OF the
mines on the Pacific coast from the TACT that
in 1877 thele were S76,OOO,OOO on deposit III
the savings banks of California. ms Is
the largest amount of money ever helu by
the banks OF the State at one Tune, ana ac-
emulation was the result OF the mining
prosperity that had prevailed for some tim
previous. 80
The State of Colorado grew in wealth
rapidly last year. The assessed valuation
of the entire State is 500 $4,000, an increase
of $23 100000 over 1880. In the city OF Den
yer more than $4,000 900 was expended ny
the construction of new buildings, and the
valuation of the city is S25,O5O,UOO an IN
crease of $9,6i0,000.
The bullion product of Utah is figured
at near ten millions of dollars for ISL. The
year before it was only six millions.
Hartford, Connecticut, figures up gam
of s., 000, 600 in the valuation OF local stocks
during the past year Of this gam S2,l3o,
500 is in fire insurance stocks, $15,l III lie
-;ffSJ&ance stocks, 1859, 900 in Manufacture
stocks, S21O, 765 in bank stock, and S9l 600
in rainaal securities. The increase during
1880 in local stocks valuation at Hartford
was $3.50, 573, making an aggregate gam
for the past two years of SS, l56,O26, an aver
age daily advance of about $4,000.
The British Board of Trade returns for
December show an increase Ill the vain"
of imports of SIS, 40S; and increase in the
value of exports of El,W7, 2G3, compared
with the corresponding month OF last
year. -,
1t is estimated that the net profits OF the
Patent Buyeau for the current fiscal year
will umo6nt to at least $4,000.
Philadelphia begins the year with bal
ance of 81, ACC, 1854 in the treasury.
The bill introduced by Senator Teller, to
to issue certificates therefor authorizes the
holders of silver bullion, DISCO line or over,
to deposit the same with any treasurer or
any Assistant Treasurer of the united
States in quantities OF 600 ounces or over
for which they are to receive the maIheI
lvaue thereof in certlicates oil hol leIs tIluh
$500 each. These certificates are made pay
able on demand in coin or United states
notes, and shall be receivable for customs
taxes and public dues. 1t also provides
that holders of silver dollars may deposit
the same with the Treasurer the united
States, and receive one and tWo-ioAar sn.
yer certificates until the whole amount ol
one and two-dollar certificates so issued
shall amount to 100000 These small
\certifcates are also made receivable Tor Gus
INNS, taxes, and public dues. The bill lur-
proyides that the bullion so deposited
he coined at the minis rs rapidly a,
Efai be done consistent with economy, ana
without interfering with the coinage OF
gold.
CHICAGO TIMES: The HERALD. Of Dallas,
Texas. saws that "the financial articles OF
the Chicago Times are among the ablesi
and hest digested which appear IN any oi
The papers of the country and, after some
further complimentary remarks, anus
I'M IA e-rr1e' ctcn tho Times man ~otg
LITTLE astrav once in a while, the following
article, which is going the rounds OF the
Greenback papers, and attributed 10 me
Times. expresses It's views The article
attributed TO the Times is very short, but
n Is long enough to contain the conCcn-
frated essence Of the errors and absurIltlcs
! az Greenbackism. 10 is as follows: MONEY
Is a value created by law. It, basis b legal,
. not material. 1t makes no difference
/ III what material money is composed,
whether "a b. costly or otherwise
The law Of legal tender gives value TO
money II ought hardly TO be necessary
&c assure the Dallas paper that TINS para
lrraph never appeared editorialy IN the col
! umns Of the Times. This paper does not
| puhlish such stuff cditOnaly. Whoever
set The paragraph anoat, attnbuting il to
| fbe Times. originated an unmitigated false
hood and a most brazcn falsehOOd as well,
In view Of the well-knOwn attitude OF tins
paper on the subject oi money ana cur
renew. IL seems likely that some Green
| hacker secured the publication oi The para
Of communication. AMI then
| caused Il 90 be reproduced by ne
Grpenback press a. cApr,--inr iut
| views OF this paper. This sort
S-osAsning T. perfectly ~ ,kerIlnR
u'ril lid r1erdaci0us methods which The
Crrenb.,k aritators have pursued almost
from Icginninr. and which Lave taken
| fl,rse mon out 81 the category 81 those
u.i1ur va..rries are in a measure eNcu-an.e
hnrausa flIer are honest IN The expression
| ofthoir opinions and places them in Tie
,.eter0rv al those who. o. lying and rascllly
irurosfers. ore deserving only ot cunigiufi.
emrhaszed hv nn occasional and iudiclOus
application Of sole-leafher.
AZ Official examination Of the money in
the State Treasury Of California
ebows The funds on hand on
Ue-emher 81. ISL ~ be- as follow
cod coin. ecf0a-r silver coin. 81 -. -
Heal tender sl1 -. %. warrants rs 90 So
T6frl sgE NJ s.. This D. en- excess 0t -
| cents Of the amount shogn By the Comp
---rI,.-r. r.r.aI-r -. ~ fu ff.r Trnrarrr-