The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-27
FINANCE AND COMM RCE.
FINANCIAL.

pronts nearly SG,UOO,OO.
The total value of the metal output ir
the Butte District Montana, during 1881 is
reported at $4,675 $50.
The increase of taxable property in Mon
tana in 1881 was nearly So, 0O0, 200, or double
the increase of any year since 1873. The as.
sessment will foot up nearly $25, 100000.
Seventeen Colorado mines, having an in.
corporated capital aggregating $63, zoo, 600,
returned TO their share-owners S3,l4l 100
from the earnings of 1881, that sum being
about b per cent. on their entire capital
stock
The report of the Detroit Custom-house
for the year 1881 shows q business largely
exceeding that of any preceding year. The
value OF the domestic exports for the wear
aggregated 81 ,742, 6S6. The duties collected
amounted to $500, 1877.
The funds in the Sub Treasury at New
York have been counted and found correct
to penny. They amount to about $685.
000,0OO.
Owing to the small export of cotton and
cereals, the amount of commercial bills of
fered isvery limited at present and in case
of our becoming heavy debtor to Europe,
the shippingQ Of gold would naturally follow.
| New South Wales, with a revenue of over
S3O,OOOOOO, has surplus of =! 100000 for
last year. and the Treasurer announces that
|
many years.
Senator Cameron's proposition to reduce
the revenues so, 100000 per annum by abol-
lshlng all internal duties except those on
liquor is regarded at Washington as more
| than likely to pass as protection meas
ure.
Indirect taxes in France for the year lust
ended have surpassed the estimates by DC
'59,ooo francs, or sum which, added to the
estimates, corresponds with the yield of
1879. The excess comprises 62, 900 600 francs
on registration fees, 100000 francs on Gus
toms, 3,OOO,0OO francs on the post-oflce.
nearly 100000 francs on the teleeraphs,
and 81 100000 francs on other sources OF rev.
enue.
The assessed valuation of Colorado is $685.
059, 600, an increase of 100000 since 1880.
During the year Just closed the output of
bullion from that State, according to the
lowest estimate, was $50 200, 900, and over
000O,OUO was spent in the construction of
railways. In the city of Denver more than
S4,OUO, 900 was expended in the erection of
new buildings and the total assessed valua-
ton OF the city shows an increase OF 81, AGO.
600 during the year.
Bullion to the amount of GlS2,000, with
drawn from the Bank of England, was
shipped to France, and il is expected that
100000 will be withdrawn for the same
destination to relieve the financial pressure
there.
The government commissioners have lust
signed declaration that all shares of the
National Bank of Mexico have been sub
scribed for, and over $3,00O,0O0 paid up.
Eighteen thousand shares are held in Mex
leo, 1000 in New York, and $4,000 in Paris
Under the terms of the concession the bank
can now begin business. The last week in
February is appointed for the opening
Some OF the best lawyers in Congress
claim that the charters of the National
banks cannot be extended by legislation
without the consent OF every stakeholder
as each person concerned can insist upon
the return of his share of the capital on the
expiration of the contract.
IL is claimed by the Western Union peo.
pie that the net earnings of the telegraph
lines in the hands of the government would
be S7,OOOOO, while the interest on the SlOO,-
100000 bondsproposed would only be $1,000
600 annually, and that the net gain 10 the
United States would be 100000 yearly.
At this rate it would take only a short time,
less than twenty years, to pay oil all the
bonds, with the surplus, and at the end of
that time the United States government
would have the telegraph lines virtually
free of cost. lfthis is all true, il has been
very pertncntly asked: Whence the anxi- |
ETY. Of Western Union to exchange a per
cent. or possible $ per cent. stock for a |
per cent, security
The rate of taxation in New York will be
lower this year than for any year within the
past decade The total assessed valuation
OF real estate for the present year is s, 030,.
2VO, l3G, an increase of S633Si, I3l over last |
year. This increase is mainly due to the !
uneNampled activity in the building trade,
More money has been expended ON build. |
ings within the past twelve months than in
any other two cities in the country. Tho
total amount of taxes to be raised this year
will not be over S21, $50 eco, against S3l OIL,
$40 last year-a decrease of 81, 22l $40. The |
tax rate, when all corrections are made ON
assessments, will probably not be over 80,
against 2,62 for 1881. Tie highest rate
within the past ten years was 2.9i, in 1875. |
The friends of the National banks are
very much gratiiied with their strength in
the House Committee on Banking and Cur
rency, which is well nigh unanimous in
support ofcontinuing the charters. Many
OF the banks would have IL understood that
the law itself is about expiring. The fact Is
that while the charters of n large number
OF banks are running out. new banks are
starting every day, and will continue to be
started until the law Is repealed. The
banks that are nearing the limits Gun go
into liquidation and start anew The trou-
bic Is that they would then be obliged to
divide their surplus among stockholders.
There would probably be no further dill.
Guilty than this, as no considerable num-
Der of Congressman desire to replace the
existing system with the old State banks.
Tue main objection which l.
made by the best lawyers IN
Congress TO extending the present
charters is that bank Is u partnership,
and the charter or contract between the
parties cannot be extended without the
consent of all the stockholders. each Of
whom has the right, at the end Of twenty.
i've years, the life Of the bank, to insist
upon the return ofhis share of the capital;
and without unanimous consent, therefore,
under this view OF the law, the banks would
have to 80 into liquidation, and reorganize.
lfMr, C,npo's bill can be amended so that Il
will provide for the extension Of the charter
on the consent of all the stockholders, II
will then meet with very little opposition.
An effort, however, will be made to amend
II, adding the Carlisle section of Ia winter.
the main purpose of which is to prevent
the banks from retiring circulation TO effect
a stringency OF the money market
DALLAS EXCHANGE AND COIN.
Buying. Selling, Buying. Selling
NY. Xxx. h@sparsG 81. Louis sssfMSA
Chicago .h1ArarhA | n. o.. tooA rattsl
Galveston y rar@A lIouston.,I ParaI
Exchange, all points sto discount Sterling
sight .! ~ Francs, btAs 10 Marks, "a
Trade dollars ..vcls Mexican dollars. .sccts.