The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-02
FINANCE AND COTTON.
FINANCIAL.

TAG governor Of the Bank of England and the
u-ssident of the Imperial Bank of Germany have
prscently published their Views on the silver
TGTssIl N. The former is a straight bimetallist
H tha Autecedent condition that blmetailism be
sstablshed upon broad basis Of international
sgrpemGnL The German banker avoids the in
tsrnalional question, or at least deyotes his at
,anti n chiefly to the money question in the
German empire. lie advocates not bimetallism
in me full sense, but great enlargement of the
6sld Of silver money in Germany To clear this
Add he recommends the retirement of
The smaller den9ninations OF both gold
and paper. The present per capita
standard OF silver circulation In Germany
il A very liberal one to silver but this plan
would amount 70 practical bemetallism Thus
the central aud controlling banks of the two
ehiqf representatives Of mOuOmetalism are
committed tn the correctness and eNpediency Of
he bimetalliC theory of money standard and
The principal commercial associations of each
nation have also given II their unequivocal sup
mort The position of the Bank Of France, aud
hc preference Of French commercial and finau-
cal opinion are OF cOnrse well known TO be on
tbe same side of the question That American
opinion where 1t Is both unbiased aud iutell!.
cent is In favor of the double standard Is con
spieuOusly manifest
A SPECIAL dispatch from Washington this
afternoon says Secretary F0gcr is greatly
embarra .scd by the per cent reserve fund for
the redemption Of mutiated bank notes which
now amounts to 1877 O1O. 900, and is accommodating
lie fears It may be needed next fall In business
aud he will press congress TO let it loose Mt once
MS he cannot Invest il in bonds under the law, be-
cause Il is surplus revenue. He has to day
taken up the question OF continuation of 81, o o.
QUO Of the remaining continued 6s till ~ O. us the
law Of 1868 gives him authority 10 do by imphCa-
ton as Window did. II he decides to do this
he will commence calling SIS He called SIS
O00QO6s to-day, which leaves Si,O00OO0 He
saws that after more careful inquiry he finds the
bill TO extend the bank charters will pass the
senate in about month, pretty much as the
house passed it He says the tariff commission
as announced is correct So far as talked over but
they will have one mole cabinet meeting on It,
RAILWAY Age: April earnings by sixty lines
II larger number than hitherto reported In
single mOnth-ShOw total OF So, 0i2 SiS against
Sgli2s.S for fhe same month lsst year, ind-
eating gain Of 81 $50, 525 or ID per cent, which
is very gratifying, being much greater than the
prOpOrtiOnate increase of mileage operated. The
showing by fifty three lines for the first four
months of the year which we published last
week, Is even more encouraging, the gross earn
ings showing an Increase OF sl6,4Sl,5O2, or 2Sl,2
per cent over last year. While this gain is
largely due ~ the mildness of the past winter
aud to the increased mileage, 1t sdll indicates
also growing business. The present prospects
are that the next wheat crop Of the west will be
larger than ever before known, so that although
the weather Is thus far somewhat unfavorable
for corn and fruits, the railways may hope for
large business within u few months.
FRANKFORT ON -THB. MAIN, containing Il popu-
lauOn OF about l000 is said to be the richee t
city Of its size in the world. If Its wealth were
equally divided among the inhabitants, every
man. woman asd child would have. it is said,
some $1,000 apiece There are, as may be sup
posed many Door people in the town, but the
citizens are, as whole, In unusually comfort
able crcumstances-rnorc 80, probably, than the
citizens of any other capital In Germany or Bu-
rope, II is stated that there are 100 Frankfort
ers worth from 900 TO S7,000,0D each, and
$50 who are worth e30.0,OO and upward The
city is one OF the great banking centres OF the
globe Its aggregate banking capital Is esti-
mated a! 5000, OJooO0 more than one-fourth OF
which the famous ROthschilds, whose original
aud parent house Is there, own and control
The annual transactions In bills OF exchange are
in excess Of 100000
LISTED on the New York exchange: Fort Worth
\ Denver City railway 1900 900 stock and $500.
UO FIRST mortgage bonds, Road completed j.
miles contemplated extension, $40 miles
II is sud that the state OF Tennessee has $40
GO the TREASURY applicable TO the payment OF
interest on tho new bonds.
Greater preparations than ever will he made
mis- year to develop the gold and copper mines
oil heCklenberg county, North Carolina
London friend of Gowen was quoted az
NhslHB llhl tUoTt eAlsS IN LONDON III THIS tune u
very uniayOrablc feeling toward American scCu.
mites, and that probably GOwon will fail In hi.
attempt to plsce the new Reading loan abroad
The foreign imports at San Francisco In Ap1l
were valued ut ST. l0l 900, d, crease of slS,Opt
as compared with the same month last year OF
th!s total SI7b,SO0 was In specie, chiefly from
Mexico and el92,SO0 was In merchandise i'm
ported In bonded cars
The large bullion output Of Utah is surprising
mining men all over the country, aud, as they
~ a PA b 10 lNaE NtW .N.l.,
they wonder what the product will be when the
mlnos are thoroughly opened, As good pros
ptclS can now be purchased for mere song
capitalists cannot find better country IN which
~ invest than Utah
Rufus Hatch, who IL nothing If not q bear
on stocks, speaks of his recent western trip q,
follows 81 travelled about four thousand miles.
FOR every loaded freight car moving on the line,
Inere are three laid up empty on the side TRACKS
You see them everywhere. Railroad extension
business has stopped; 1t has broken OF like 1
The area Of the AustrallasIan colonies Is 8, ~
a~ square miles, or about twice the area o
lhdiG the estimated population In 1850 wa,
2,b37f, or about half that OF ireland: and tn,
aggregate revenue was fl7O69,Ol ofwhlCh &c,
l&6s was raised by taxation the rate oftara
Non being 81 Is, ID per head. The total yalu,
OF the foreign trade, imports and exports 10
gether,. was sg3n6S 3i, being $500 I'd. pei
head OF the population; isGJ miles OF railway
were opened and .7.SSl miles OF telegraph ar,
opeu aud 4, ;O9, 10 acres under cultivation. Tn,
debt amounted u Esyglu,2il being cSS pei
head
Washington, Juno 1.-The debt statement to
day shows the decrease of the public debt dur
Ing the month OF May To be slO375 Iillg; cast
IN the treasury, S2i2 l08, 1856 gold certificates
outstanding, s50i5, 5000; silver certificates out
standing, SO, 73G, 2sO0j; certificates OF deposit
outstanding, 81 231, 600 90; rcnundlng certificate,
outstanding. sL7655Ol CO., legal tenders out
Standing, s3i6GSl, OlG00; fractional currency
outstanding, SION, 500 Il; cash balance ayalla
bic, SNl, al, 5000
LONDON, June l.-Spccic decrease ESQ, OO
pounds.
PARIS, June i.-RcntcS 50 TO S. specie increas,
l.6lj0o francs gold; 6SI5oO francs silver
DALLAS EXCHANGE AND COIN.
Che E EayiSas SSSlas Ct BoTis sailing Failing
Gal ago, S@APat@a n o,...SGSparCsN
weston y Par@s Houston..h PareaN
s#fchangc, all points y ton discount Sterling
shk 81 ~ Francs, SOS 10 Marks -.