The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-10-17
FINANCIAL AND COTTON
FINANCIAL.

r,s New York shipping List remarks that on
.,lasv last the new gold certificates author
~ ~ the act TO enable national banking
locations 10 extend their corporate existence
nj brother purposes, passed ~ the last ses'
sssaro,eress made their disappearance at New
WI ~ m eterms OF the act referred to the sec.
W., ~ the treasury is authorized and directed
N.ceiye deposits Of gold coin with the treas
~, ar assistant treasurer OF the Unit q States
wv moi less than t20 and 10 issue certi6.
~ therefor in denominations Of not less than
sssNsseh. corresponding with the denominations
:; limited States notes" The new paper
u,nsv thIfs provided for is of the best eharacte
Imaginable as each dollar of it represents an
,cTaal gold dollar waiting IN the treasury to re-
seem il Its similar in character 10 the silver
ss~tfeates with which the public is ia iliar.
me holder of gold certificate viii receive gold
ain ON demand, the coin deposited being de.
aimed In the treasury for the one purpose OF re-
S.eming the certificates on presentation These
ami an public dues. They are not novelty
They were in use from the period of the war up
n Inc time of the resump tlon of specie pay
mepts when they were withdrawn in the In
iefests Of the policy of the treasury at that time
which was TO put coin rather than its repre-
sent.tives into circulation. The first result
ci The issue of the new paper money will
nrobsbly DO the disappearance OF gold from cir
suls,ion, the coin being deposited for the most
pnt in government vaults The certificates are
Amiu0n Of dollars in the yellow metal would
load down a strong wagon, while in the form of
certificates 1t can be rolled into wad TO be car
lied IN the vest pocket The abrasion of coin
carried to and fro is considerable, This dead
loss will now be prevented, the metal lying un-
moved as rule in the treasury until checked
oui for shipment TO Europe. there will be
gain also TO the governmental the fact that the
certificates, like silver certificates aud other pa
per representatives of value, will be mislaid
=. Ia ,nI nh 10 ha rn1l all
remains to the credit Of tho government.
ASSISTANT TREASURER ACTON has been
Instructed to return TO the treasury all
The unsigned gold certificates below
he denomination Inad Of $40 SEQ coa He has
the certificates, OF the lot there is $4,000 Of
Inc denomination OF $40 requiring 1900 sigma
lures: 81, 000, 900 worth of the denomination of
so, requiring 10000 signatures; S2s0,0Oj worth
ofthe denomination of $780, requiring q, eco sig
natures, making total of 1000 signatures for
only 81, 100000 worth of the certificates. Out
Of the total Of over SIPS 100000. the batch
he will retain ard sign consists OF denominA.
tons Of $500, $1,000 5000 and $4,000, and these
bills neeessitato the writing of his name 1900
times about three months work. Those which
Mr. Acton has signed already OF theidemonina-
tOnsrcalled will be redeemed and others issued
In their place rs fast as they find their way to
theueasury Those unsigned will be destroyed.
There Will be sSO,VOJ,OOO worth OF the perfected
certificates with signatures printed to begin with,
chetyof the denominations Of $40, although
there will be some Sos and ESQ 3 also.
0N October Sd the national banks of Chicago
presented the following comparative exhibit OF
leading items.
Oct s, 80. Oct |. ISL. Dec. 81, 50
Loans. So, S696Si sSi, 5SIG7t s29,il9,llS
Deposits, ..... 5S6iS62i 66,575,23i 4L63S,7
Cash. ........ 23,5ls,5s6 S5,lOl,lN l9,77S,59i
Circulation e. 627,750 1927 1881, AL
A Chicago exchange says that these marked
changes may be attributed to the constant de.
mand from the interior for money To move the
crops, and also the large withdrawal of currency
made by country bankers for the purpose OF
making loans TO parties who are unwilling TO dis.
pose of their farm products at current prices
The increase in loans may also be mainly cred
tied TO favors granted to reliable institutions in
the interior, who have been enabled 10 place
round sums of money at good rates OF interest
The stocks of grain and provisions in store here
are light for the season of the year. and have
been largely reduced :within the past six
months, so that this extra money. has also been
distributed. The improved rates OF interest in
the loan market have encouraged our banker,
10 draw upon their eastern deposits to some eN
tent yet they have depended mainly on theii
own resources The line of loans is the larges
ever reported, and the outlook, under the cir
eumslances, rather favors close money market
l.-G-