The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-01-05

and 6 per cent, ana therefore uiu no. oii-
culate any more than the ~ per Genus, OF
other Understanding securities Oh tne
United States, do at the present time. IL
should also be borne in mind that the specie
estimated to have been i'll the country IN
1865 and 1866 did not enter INTO
general circulation except on the. racine
slope, and elsewhere was only used,
in payment of duties on imports ana
interest on the national debt. IL was
in fact a tax upon the remaining currency
since it was bought and sold as mercnan-
disc in the New York Gold-room and else
where. Possibly as much as She, ooo,0oo
NAV have been iisactual circulation Ill the
Pacific States and Territories, and no more
than that amount should be reckoned as
part of the active circulation In that year
The actual circulation in that year, when
there was more paper afloat than IN any
other wear before the alleged contraction,
NAV, therefore, be stated as follows: ~ ooo
Coin observation-disclosures a., IVY oOo
Fractional currency. ,5e ~ ooS a aoo
Lcga-tender notes DOC soo 9 9I a
National Bank notes .....,,..-. Zso'0ooiaas
The ei figures for 1850 and 1851, as given by
the Director of the Mint and Comptroller OF
the Currency, are as follows:
J,epal-teuder notes. $ Sl6,GS1 O16 346,6Sl, DIG
Notinnalbank notes.. 343, S3417 36l, 0Jt0
Gold. 49, 49, 1 l92$9 issoSCc 600
Tota, 81. 1902 79S $50 81, 456, 6s1, 0l6
From this it appears that the active cir
culation is more than 76 per cent. greater
than it wac in the year when, according
to the inAationists, the country was pros
smoney," 1t should be borne in mind
thar the specie now circulates, all the cur
renew being at par with gold, whereas
in 1866 that which constituted practically
All the currency of the country was not
worth more than IS per cent: OF its face
in gold and therefore crowded. the latter
out of use. Making allowance for the de-
ton is actually 130 per cent. greater now
than it was then.
MAYOR Howell, n his last message to
the Brooklyn Common Council, reviews ms
four yearssadministration The expenses
in 1876 were $4, 1875, 141 .96, and in 1881 $3,-
4.20JS5, while the population has in
created in the past four years over seventy
.tl,susand, the tax levies have fallen from
S7.27S. 100 in 1S77to So 106,573 in 1881. He
congratulates the city on its prosperouscon-
The revenues to.the State of Connecticut,
for the wear ending October 81, 1881. from
licenses for the sale of liquors and beer
amounted to $226, 275. IS
Iowa has ninety-nine counties, ana OF
this number fiity-two have no bonded DEBT,
seventy no floating debt, and forty-one DO
not owe q dollar.
The largest single deposit probably ever
made in any bank in Kansas City was made
the other day, the amount being $Z9o, 4o9:
y Georgia had four gold mills in $50 ana
produced that year $40, 1000. In 1881 she
had seyenty-three mills at WORK, ana VIII
approximate $4, 000 900 production.
JuDGE BUcKNER, of the Banking and Cur
rency Committee, was intercepted at the
5Canitol and asked in relation to his alleged
statement that the present committee
would report anything favorably that
Comptroller Knox might recommend. MT.
Buckner said. 81 want TO say, and desire II
SO understood, that in my opinion the COM
mittee is so made up as to report any Dill
fayorably that Comptroller Knox or the
national banks may recommend, but not
with my consent If bill that meets my
appreciation should come before the COM
niittee / will support il, but If any leglsla-
ton relative to our finances Is proposed,
that in my opinion will in the least disturb
the ~ esent prosperous condition III the
country, shall oppose It with all my
might. | think the Committee on banking
and Currency very bad committee FOR the
people as il is now organized, but shall
hope for the best"
rms total NUMBER OF business 4iilures lor
the entire year of 1881, throughout the
United states, is stated by the mercantile
agency of II. G. Dunn & Co. to be 5,5s2, in
yolyinx abilities slightly over ISL ,OOO,OOO,
while he failures for the year previous were
only 4,535, with liabilities at $50 100000.
This increase is, however regarded by me
agency as Smaller in proportion TO the
enormous growth in the volume of trade,
and especially in proportion to the num-
Der of persons engaged in business and, as
compared with 1878, the showing is greatly
10 tile advantage OF the year just closed,
the failures in that year being TO-
400, and the liabilities S234,0o0,0o
In 1881, only one person in every
140 cngagedin business has failed, while IN
1880. the proportion was one in every loo;
in 1879, one in every 105, and In 1873, one in
every "a. The figures Of the year and facts
presented are interpreted by the agency as
confirmatory of the impression that the
trade of the country is in prosperous and
safe condition.
Ex-SrrRETARY SHERMAN, as heretofore
stated. will oppose the Morrill, Tariff Com
mission Bill, on the ground that Congress
should at once go TO work on the subject.
He is in favor of revising first the tariff ON
sugar and steel. He is said to be
opposed also to extending the Ma
fional Bank charters, and that the better
course is to wind them up before the
expiration Of the charters and reorganize
them under new names. He believed that
the silver coinage will be suspended this
session. but the wish here Is probably father
The surplus earnings Of the Vanderbilt
lines for the year 1881 are only sszz,vc0
against AZ. $4,000 for the preceding year.
The New York Central surplus falls from
$3,fZ7 900 to $4,000, the Lake Shore rom
$1G23O00 70 $1,000; the canada Southern
from $500 90 70 S2s,0 900; the Michigan Cen
trail from S261. go TO S22,OD0. And this doe
not include falling of IN the dividends q
the Michigan Central from 81 yf99.OD las'
year TO <4GsO00 this year. Vanderbilt
seems 70 have Jared badly in the night q
the great rival lines. The other parties =
the contest make better showing
DALLAS EXCHANGE AND COIN.
Buyine. ssiil1'
Ner Iork EEchangt-- fgeA
- A0ule ---.-.--- ----- - !.
L1icaro ----------------.--- !.
Ec-T OrieHns -. --.--- 49,.
Cornfnertisl srrhsngs upon an polnis \ % \
sssriinr sight 49,
Ca. s.iTe-. oshsr fh.n t>as sOIisrs. p.-.
Trade dollrs ,. cen1s
UrrIc1r f1llars------.------ -
Ne1ic1n 1Arss-- ---------------------