The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-11
FINANCE AND COMMERCE.
FINANCIAL.

FINANCE AND COMM RCE.
FINANCIAL.
In the senate on the seventh instant Gov.
ernor Coke made most thorough and COM
prehenslve argument upon the tariff ques-
ton. Though not intended specially as .
reply to MIR. Morrill,, Of Vermont, it is amas-
terly refutation of all his pleas for the main
tenance of the present tariff, and leaves
him.. II possible, i'll a worse plight than he
WAS at the conclusion of Beck's speech. Gov
ernor Cokes speech is full of most impor-
tant citations and valuable information,
and is sufficient in itself to supply an ample
aroma OF facts and arguments for the tariff
reform. party. Ho stated that the time had
come for an appeal to the enlightened judg
ment Of the country upon this great issue,
and for the people to determine
whether or not they will longer bear
the great burden which is impoyer-
lshing them and building up an ar
istocratic class to whom they must
pay tribute. Among the authorities re-
lied on by the senator were the reports of
Secretaries Evarts and Blaine, the Hon.
Robert j. Walker, Professor Sumner, Of
Yale college, and even Mr.. Morrill, himself
Is quoted TO show how unnecessary is the
system of high bouhties to enable the
American manufacturer to compete for the
home market. Mr.. Coke declared his oppo.
sition to the bill providing for u tariff com
mission because it indefinitely postponed
consideration and action by congress on
matter OF the highest Importance, and, as
ne believed, was got up for the purpose of
l0restalllng popular discussion, and taking
the matter out OF the hearing and sight of
nnnnln hnliUar %
sentatives and and irresponsible persons.
Governor Coke declared that he de.
sired to see it discussed in and
out OF congress, by the press, and
in all the modes through which
thought finds expression and seeks propa.
cation. He said that the pending bill
would stliie discussion, star chamber the
question, and tend to take it out of politics,
where it now lies an obstruction in the way
OF aspiring patriots. The commission to be
organized under tho bill would be high
protective concern from the top, and when
ever 1t reported the work of reforming the
tariff would still have to be done, and all
the while the people would be toifing and
sweating under the exactions of tribute.
Mr.. Coke spoke for over three hours. n
TIE objection to the Grape bill, that il
might compel stockholders who did not de-
sire to continue the business to Join in the
reorganization OF banks If u majority should
so decide, VIII be obviated by an amend
meht' rms amendment provides that
those stockholders who do not desire
an. extension of charters shall be
palu by the other stockholders
the appraised value of their
STOCK and the surplus. One appraiser is to
be selected by the directors OF the bank.
another by the withdrawing stockholders
and a third by both. Final appeal to the
of the currency is allowed. Ii
is probable that Mr. Brumm's position to
create Sl00,000,0 900 of greenback currency,
and Mr. Buckner's bill to substitute treas.
ury notes not secured by gold and silver Tor
national bank notes, will be voted down in
the committee,
The Nashville World says the cent i,
bound to become factor in the business of
the south rs 1t hasin the north. Southern
people are slowto recognize the fact that there
Is a smaller coin than the half-dime, but il
VIII come. a cent is small sum, but 100
make dollar, and the sooner our people
learn THIS Tact, the more prosperous they
will become.
gets given by La Semaine Financiere shows
that government to be even more bankrupt
than usual The Journal de st. Peters
bourg acknowledged lust January that the
national debt al. the opening of 1880 amount.
cd to $2,iio, o29,50O, of which $l0,0OO,OOO
were usually cleared oil each year. In the
last two years this debt has largely increas.
ell. In the last week of December she sent
out $3,50O,00O in gold as part payment of
her foreign interest; and SO desperate was
the effort to raise that amount that her
final breakdown before the whole could be
got together was prophesied i'll England
and France to be only n matter of time.
The members of the distillers' lobby now
In Washington laboring to shape revenue
legislation in their own interests, claim TO
have knowledge that the house committee
on ways and means favor reduction OF ut
least 100000 in revenue taxation.
The Pensacola custom.house returns for
1851 show the total collections to have been
So, 23S 90; value of imports, sos l64. 10; value
Of exports, S3,3i0l3S.
The l06th call Tor $40, 000,0 900 of extended
6's was due on the 9th, and interest has
ceased. 1t is thought that bonds will come
in freely for payment this week, and the
treasury will probably pay out more cur.
rency than Il receives.
There were organized during the six
months ending on the LIST of January last
national banks, with an author
lied capital of 81, 2l2 900. 80 and a circulation
TO SS,isi 40.
The wealth of the country is estimated nj
$CO,OoO,oO0,0O. 1t has greatly increased
within the last ten years.
The Carthage IN. C.) Gazette say that
twenty pounds of solid pure gold have been
taken from the Cugle mine in the past two
weeks.
The assessed value of property in Dakot,
territory is S3l,o63s70.39, with three conn.
ties to hear from. The bullion product of
tho Black Hills is not taxed, and Il amounts,
TO Si,OOo,00O per year.
DALLAS EXCHANGE AND COIN.
=. =. huying selling. Buying Selling,
n. Y TX 80 hpar@s ST. Louis SaaTarStl
chicago, hGAParaA n o.. h@A parel
Galveston y Per@A liouston..h mrSsg
Exchangcall points Sto Y discount Sterling
sight g. ~ Francs, sos 10 Marks, rs
Trade dollars. ipcis. Mexican dollars, scots
Mexican halves. acts. Mexican quarters, ets
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