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


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Crssrs bulletin No. M gives We hhu,,
l,ee III M nleam craft NJ the New hnRluno
States Tor llIe year 1880. The Whole nun
lar ef a,,ch craft was 5i5, With y capacity ui
i0,,. ri X, tons, The value Of the boals wa.
animated nj 1901 $50. Tho plumber oi
persons employed, officers aud men wns
b,s2,, and the amount paid Tor services y, wy,
&2.ODf iO2. or M hvernReo W ffo'.v ...o,,.
person employed. The number OF p assvn
gers cnr,iuu, Including Jerry passso,"ns' ~
Vas i55s7 30. and the number OF IONS OF
frcirht cnrried was 2, 0s0,s74. Thoamonn'
of gross earnings was S1,oio,'oo; my
number of passengers lost. during
tho wear was n, and the num-
her ofeInployes lost was 2; total, ~. Massa-
chusetts has the largest number o. craze
, $50: Connecticut came ncAt, WIN ~
Maine next, with IL; hhouo isi .II Or ma os,J
Vermont last. with IL. Tho tonnage ioi-
lowed the Same order excepting that yer.
mont with less than half the number OF
vessels Of New Hampshire, had nearly dou-
HE The tonnage, the figures being l,l99.oo
and o.o5s.26 tons respectively. III goes
z without saying that these vessels were not
engaged to any considerable extent III
the foreign trade Ihey were ai'i;oss uA
clusively engaged in coastwise and INTERNAL
< navigation.
THE State Treasurer of Pennsylvania
K makes good exhibit of the finances III ms
annual report The receipts from taxation
Of corporations show an increase OF S34o ,ooo
and without any taxation OF real estate
he has paid off 81 600 of floating indebt-
edness. He estimates that for the current
year the receipts will exceed expenditures
by 100000
New York's business transactions for the
y year, as shown through the Clearinghouse
returns, will probably reach the enormous
and unprecedented total of $40 400, OO0, OO0
This Is an increase of % 10 per cont, over
the transactions Of 1880, which were at that
time unprecedented The business OF Lon
don in 1874 and that was the 6 6ns deS year
for London, was only $32, DOC, OOO, 0O0. Inc
aggregate business transactions OF all the
other cities of the country fer the year VIII
be,about S14, $50, 600.
Taking the most authoritative and ac-
cepted data, we find that the United States
stands at the head of nations in earning
power, reaching $S25,0O0,0OO annually
and this earning power proceeds at greater
ratio than either the United Kingdom,
France or Germany. We add $2,00O,WD to
our wealth each day. In actual capital ac-
, CURED the United States is set down at 81
900 million dollars, or next to France, that
of the United Kingdom being set down at
"A 600 million dollars. The progress in the
accumulation of wealth in Europe has been
moderate as compared with our country.
Y The banks in Montreal and Toronto have
been called upon for information by the
Dominion government conserving their
loans and discounts on foreign securities
and the other current loans OF the
banks, and of the guarantees he'd as socuri
ties for overdue notes, the object being to
ascertain to what extent the banks have
been loaning money on bank stocks contra
ry to law. The demand has caused a fall OF
2 to 7per cent. in bank shares.
Baltimore's exports to foreign countries
since JAM l have fallen to $54, Ia, 1s4,
against So, 10, SAL for tho like period last
year.
q Mr.. Gould said the other day that he had
been trying to have a bull market, but his
efforts had been thwarted by operators who
wanted to milk the market or 9 per cent.
each way. He thought they would new got
all the bear market they wanted
IT appears that the State of Texas has is
sued and sold certificates for z, $3.50 $50 acres
Of land more than it has subject to pur-,
chase, and under the present land laws this
grave error will not be. corrected, as the
land now being and henceforth to be sur
yeyed will be covered by new certificates.
Though there,are no more lands to be sold,
Rbe LaFd Commissioner says that the issue
OF eefti ficates must still go on, because the
Land Subsidy and Pension Laws leave him
no discretion in the matter. AS fast as the
subsidized railroads complete new sections
they demand the issue of certificates, and
their demands are complied with, and en-
ferprising agents make haste to buy up
these certificates and dispose of them at a
large profit to incautious purchasers in the
North. 1t should be remarked in this con-
nection that the State of Texas owns all the
public lands within its territorial limits, the
State having been admitted upon condition
that its public lands should not become
the property of the United States.
THE Washington correspondent of the
New York Journal of Commerce predicts
that neither the Sherman nor the Randall
fefnnding bill will become law the for
lner because it originates in the Senate, and
the latter because it plates refunding
all the continued 5s, and practically leaves
the government without bonds subject to
redemption at par. The correspondent rep
rescnts the opponents of the National
banks as saying in substance !" Last winter
you bank people did all you could to de-
Ieat the per cent. bill. because you foolish
ly supposed it would hurt you. Since that
time the 6s and SIS have been continued at
81, and are being rapidly redeemed at the
pleasure of the government, and now that
your selfinterest is involved you would
~. toknave large amount of these bonds
deprived of their redeemable character for
five years, and we feel disposed to deny you
the realization of your wish" This feeling
NAV be strong enough to defeat any action
on the subject of refunding.