The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-09-12
FINANCIAL AND COTTON
FINANCIAL,

=. o,rrt Of the United States lately
rEf ,,anortsnt opinion on question oi
snlefee % ~ tn1ehiug the liability uI palAs III
e n,ei'ss ,,ts, IN with them Tor coliecsiol'
q na.s. Nj he,n sent 10 banking iran IA
w nels,, ,i.sjs,ippi The bank was lgnoraht
,a1as- ssJsnce or place Of business 0, the
as M simply turned over The holes Nneh
lns. ,.ne due 10 notary, VINO was lnsuueleu
~ ms paymeuL aRd IN cas- sol ,ioL 20! ~ ~,
satll, tbem and notify the indorSers' me
fis !, ut st exe,clse due diligence IN order
SAY ~. ~ r,aser aud the notes were protested
ia tae ~ s,Jnrsers was sued for the amount
be 81 ! ~ liability on the ground OF The no
" eseep',1issuce The holder thereupon
as H.ss,;snagainst the bank The supreme
lseshn, III mai the bank was not liable
al I'M, no,arys neglect although II had
no etort 10 ASCERTAIN the place oil business
s,Ssnee Of the maker OF me holSS. ~ wy
,a1ssment OF notary pubic Tor thal ouleSb
~ X e,nrt referring to finding the maker
~ ls s .VSiii payment was sanctioned by
nj bankers or by the law, as declared
~ sO,,rts of the state instead OF making Inc
.a.0rnsnt and demand personally they could
y, niscej the notes in mis- hands for the per
snaHce Of that duty ~
,uch nublicity cannot be given to the re
J. y5seI,l0n hy judge Lowell OF the United
=. - gSrruit court. in Massachusetts,, concern
Se vsiing of holes in punched silver coins
4tb,se metal and attempting to pass punched
" siih Inc holes thus filed. The former
- / held by the court to be an act OF
,p,hiting, aud the latter is made subject to
4. 'Ssnolty provided for tho crime OF passing
,,,pmpiing To pass, counterfeit money,
~ nracfices hitherto have been by many
~ regarled as trivial Oilenses. 70 all such
W. Lowelrs dtci,iOn should, through wide
-s'salon be timely warning
y.sT me budget of tho German empire for
!. wrrrnt period the following interesting par
.s,,rs have been extracted: The entire bud
.snolnts TO col. jsL71l marks, or about ESQ.,
s.S The chief item of revenue is derived
4, customs and indirect taxes. and is fl7,000
Nam re than half the total, and among the
~; items are these. The military pensions
"A 10000 posts and telsgraphs, 81, 100, coo;
IN ~ o-ice, 10000. railways, -G63O.O)O, and
S-i1, Of tho tax on sugar from the preceding
Tj,et fiQaOl0 Inclusive of sum of f5l00 go
(, Unforeseen expenses, the expenditure Just
hi,nlss the receipts. II comprises iGlS1 1000
sAeImy, &, S 1000 for the navy,) "a, 500, 600
NM treasury, G2aO0O, 100 for the pe4son fund,
MM 6r the foreign Office, and Ee2SO,sOO for
~ ,Si Bank of England, in settlements in.
.'ars fractions of penny, always
w,se, such fractions in its own
kr Il has thus accumulated the
rwsbng sum Of sis 500 The London Econ
n -rdpsths as an example of the(power of ac-
TrIgOn Of small amounts, and lpraises the
vstcOf the English gOyernmenl In estab-
uatiAe postal savings bank, iu1 which de-
,,sfOGe penny are received. JDuriug tho
fgM the deposits in this iustktution were
SNO0 Something was heardy during the
higaOa Of congress of govern xament deposit
truasmlar plan for the bendEt OF people
f;nsl means In this country, butA the mem.
IN ven too busy abstracting money! from the
government treasury to pay much aIttention to
and vas eventually lost sight of
hlS9Western Union capital was kS4l. OOs. s0o
lAea I. hsd lOj COO miles Of wire NJ pw ii has
W. ilGO miles In 1870 1t had 1000 Offices
ns i has nearly 1900. Then 1t vent about
tNlel messages annually; now II in sendins
M $4,000. In 1870 the company 8 Areceipt.
rN Slel' %; this year they are $l7iAQ0O, 600
.hNie profits were s. 80 900 this YEAR, n they
" nearly 100000. While Western UAAioI
arts has been doubled since 1870, everythi Ni
d, shout Tits wires, Its general property, III
rning pOwers-haye been more than treble VI
Washington, September The mint bure 4,
yfhased $1,000 ounces of silver for the Ne Nv
tsin, mint yesterday, and will be able to gNIe
much more for the same mint next weed X
s Nlng director of mint bureau says that III IL
tnini for silver dollars In the south Is begin II
r1b be felt now that the cotton crop is aboupU
giJ 10 be harvested
49,