The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-01
DALLAS EXCHANGE AND COIN.
COMMERCIAL.

v-SDLLAs, December 3l.-On the last day of
the year the HERALD cannot refrain from
oongratulating the business men of this
city and of all the other towns surrounding,
as well us the people generally in North
Texas, Oh the prosperity which has at
tended them in 1881. While it is true tho
severe and proiracted drouth of the sum.
mer caused great reduction in the WELD of
oil the agricultural products, crops were far
from being a failure, and a suficiency of
the cereals and vegetables were secured
Tor home consumption and to spare. The
cotton crop has proven better than il was
anticipated il would he when tho season
for picking arrived, and prices have been
remunerative to the planter. Our business
men, when they shall have completed their
stock accounts and struck their balances,
Will lind resume of their years
operations no doubt satisfactory, and
that their profits in trade have been
as large or larger than in former years.
There have been but few
failures in business in North
q Ts~as dhrfng the last twelve months, and
have generally, II not wholly, been con-
to smaller operators, and who EN-
.Sed in trade with inadequate capi.
Not few business men who have been
mpelled to succumb 10 the demands of
4.1ir creditors were swept out of the legiti-
mate channels of trade by the tide of specu.
lation. Not willing to wait the slow proc
ess OF accumulating wealth in legitimate
lines of business, they dallied with tickle
Fortune, in the hope that she would smile
ON their efforts aud till their Golfers with
golden treasures. Inspired by this hope
they ventured out, only to realize that they
had lost their capital, their good business
name, and many OF them their friends
Outside OF these few, the business men of
North Texas have prospcrcd and grown
with the country, and again the HERALD
tenders its congratulations to them
ono and ALL and wishes them return OF
many, many happy new years.
THR Chicago Times says the importance
Of rice as an article of food is but litt,e An.
precated in this country The whole qual.
tity imported duringthe year 1880 was only
about 46,OO0N pounds, equivalent to
about 800 600 bushels of wheat, estimating
rice to contain twice as much nourishment
as wheat, weight for weight. Rice is the
staple food in India and Japan, and to A
very great extent in China. In fact, nearly
one-half the population of the globe sub
sist largely upon rice, one reason for which
Is that rice il cheaper than wheat. But
in this country we lay duty of . to ~
cents per pound upon rice, which is equiya.
lent to more than 95 per cent, for the
purpose OF protecting the handful Of rice.
growers in one or Two Southern States
Hence, with us rice is almost an article of
luxury. Besides the enormous consump-
lion OFFICE in India, there were exported
thence from January to October 81, 1881,
no less than Las, 400 900 pounds, or thirty.
eight times as much rs was imported into
the United States. The exports from India
alone Tor ten months were equivalent to
inily COO busl els Of wheat. While
EUROPE has, 10 lar supply of food to
uraw upon, our Spectators need not be
surprised nj their failure to corner the food
vuils markets OF Europe. The people on
ne other side q the Atlantic are.not likely
I ssarve live do Lot >fiay Joseph with our
aenup,her ofgvire horned cattle or.
%, chiefly i?l nglanl, in the year end.
49, y WIS l.l2'. valued at