The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-12
FINANCE AND COMMERCE.
FINANCIAL.

THE census of 1880 shows an assessed val
ustion for the entire country of Sl6, S97, l3s,-
567, nr sS36.S9 per capita. But il must be
remembered that il many parts of the
country the practice is to assess property at
not more than One-half or one-third of its
market value, and personal property very
largely escapes assessment altogether. The
per capita valuation is S66l.27 in New Eng
land, Sl73.55 in the Middle States, sl5j. %
in the South, $333,6 in the Western States
and S2ll % in the Territories The bonded
State and local debt is 81, 2l,G1l, or
S22.2S for each inhubtant, but this is main
ly in the New England and Middle States.
In the Western States this bonded indebt-
edness is only $l3.l7 for each inhabltant.
The average interest paid on the indebted
ness is 6 9 per cent, the average rate in the
Western States being Z per cent. Illinois
and Colorado have no debts as States, and
the debt of Iowa is small. The debts of
Wisconsin and some other Western States
are triling. 1t has been estimated that the
total wealth of the United States increases
$500, 100000 annually,
THE first national bank whose charter has
expired under the national banking laws is
gan, Its charter expired on the LIST instant,
and 1t now has no existence. The law pro-
yides for the winding up offailed banks and
banks in liquidution, but not for banks
whose existence has terminated by the eX-
piration fits charter, Another bank OF
the same name has been organized, which
will probably deposit lawful money with
the Treasury for the redemption of the de-
ilnct institution. April II another ma
tional. bank charter will expire by limitation.
From that date to February, 1888 the mum
Der of banks whose corporate existence will
terminate is SOB, having a capital OF nearly
SOP O00,0 600 and II circulation of nearly $685.
100000 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 q
much better supply of coin in circulation
and in the banks than the year 1881 did.
The movement is fairly active, as the result
of confidence all round. There has been no
change in rates for some time. There is
probably less money out on wheat than
usual and the amount will be steadily de
crcasing 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
at 7 to o pcr cent and assume the toYes
The range of discount for the ordinary com
mcrclal paper is from Z to 0 per cent, for &c
and 90 dav notcs with occentoble names
coIj loans ia Nor cent
One can get some idea oftbc xycoltb of IN,
mincs On ire Pacific coast from thn Cact that
in iST7 thmc were S76 oOo coo an dcnosit t'i i,
Tho SAVINGS hanks ~ ColiCornio TLis !,
the largest amount of money ever held h,
tLe hanks oi thn Stote ot onS t;mc arS oc
cmmnintion was The result of thc MIN nv
nrosnnr;tv tbot bod nrevoiled for some tn,
nrcy;ous ''' ''''' '''''N' 'O' '''''0 ''''''
The State Of Colorado grew in wooItl
ronidly last yeor. Tho assessed yoluatio,
Of the entire State is Sgs 059 900, an increas,
OF S23,VOo'ooO over 1851, In the city OF Den
yer more than 100000 was expended il
the construction of new buildings, and tn,
valuation of the CITY is So. O5O 600. an in
crease of $o,6i0,0O0
The bullion product of Utah is figured
at near ten millions of dollars for 1881. tn,
year before it was only six millions.