The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-10-07
FINANCIAL AND COTTON
FINANCIAL.

,w,mSsroN writer saws: me treasury
ii urobably issue no more silver ceruhcates
sner thursday next, except IN sNchHnge Tor
sNSer 1ellatS Ii was stated al the bureau ct
engraving and printing To-day lhal We hrsl Of
. gtHss,,li certificates would DC ready 20 be for
: ma ~ tn New York next week. lt may be
'ce tilnn before they will thea be ready TO use,
~ according TO IN arrangement which secre-
,s,v Foger made, every certificate VIII have To
- conuterSigned in writing by the assistant
N al New York or his acting deputy.
rms Is mn innovation which will greatly delay
~ Issuance OF these certificates as all the other
ssrtiBca,es have been ready to beissued directly
NAV have len the printer All signatures upon
soverpment bank notes now arc by Clectrotype,
ssthe experience with countortcitng has shown
%af written signatures are no better guarantee
~ ceuuineness than engraved work. There
ar now in actual circulation Sb2COO,OO OF
silver certificates. There have been
nrnted i7luO00o, hut there are 5000
tNstill In The treasury vaults unisSued A large
v,onortion of the 80 OOI, coo have gone into cir
aaaiiou In exchange for gold, and these certif.
cs,es have been used as the equivalent of bills
AZ exchange in remote sections of the country
and Tor convenience in the payment for customs
dpes Hereafter when the gold certificates are
iSSned twill be the policy OF the treasury not TO
emo any silver certificates except in exchange
,0r silver dollars, and the gold certificates, of
courSe will be only issued in exchange for gold.
This new order will 80 into effect AS soon as the
odd certificates come from the printer, whether
Eey Mil be Immediately issued by the sub,
treasurer In New York or not
PROFESSOR IEoSE LEVI delivered an address
sthe meeting of the British association which
SHords an opportunity to compare the earnings
and expenditures of the British people with
those of the people of the United States as set
icFth by Mr. Edward Atkinson in his address at
NE opening of the New England fair Professor
levi estimates the annual income OF the British
people at 50 zoo, 600 0O0 while Mr. Atkinson est.
mates the income of the people of the United
states at SO 0J0 100000 The present population
0fGreat Britain Is reCkOncd at37 0u00C0, and that
Of the United States at 5lOOO.0O), So that the
earnings of our people, although estimated at
but 81 a day for each adult are considerably
greater than those of the British people Pro.
lessor Levi believes that 81 1850 ON.tO0 of the am
nual British income represents the earnings Of
thC26O,Go0 OF the working class. and =, $50 600
the revenue of the remaining 100000 of the
populatiOn Mr.. Atkinson estimates the amount
sell aside annually for the maintenance and in
crease ofCapial to the United States TO be $1,000,
OO0GN not more than one-hRlf Of which can be
recEOued as an addition so the nations wealth
Professor Levi estimates the annual savings of
the British working class at {G5 00n co., and those
of the wealthy class NJ $3.50 600 O01. According
10 these estimates the annual increase of the
United States in wealth is CHS, 0O0000 less than
that of Great Britain.
.
change, shows a falling Off from the aggregate
valuations OF last year Of over s5 900 coo. Above
s2OOO0OOO o: this diminutOu occurs in San
Francisco. sacramento mas fallen of per
cent large decrease in the hydraulic mining
counties is attributed TO debris litigation, and u
loss is also reported with valley counties which
have been injured by debris from the mines
The returns show so many anomalies that the
decrease is not attributed to common causes.
The assessment of the Central Pacific railroad
hpnn lnnrnQgp1 Vnf I'm
one county, containing ninety miles of the road
the total assessment Is nearly 81 600 900 less than
st the previous levy. A member OF the state
board of equalization ascribes the decrease TO
the neglgenCe of assessors, the reductions made
by supervisors the discrepancy In ths rule of
assessment, and the failure to get at the personal
property, The collapse OF the san Francisco
stock market and the reduction of railroad as
eSSmentS must also be remembered. This de-
cline Of SOL, 500 900 is ont. twelfth OF the whole
property returns of the state A greater bur
den OF taxation is expected rs an offset to this
grave loss, and the CaliforniUus will not admit
that the state is really retrogmding
THE New York Financial Chronicle SAYS: The
COldluon OF the money market has been taken
bymany as an evidence that the Herman inter-
estaw, passed last winter though operating to
The advantage of the broker is working to the
disadvantage of the merchant Those who take
hatpositon nud their proof in the fact that the
and brokers less. than u year ago, For instance,
this time last year, while brokers were paying G
per cent, and commission of 1.32gl-16 per iay
additional equal TO 1880 per cent. per anuum,
The best mercantile paper was selling at O. sGJ6
per cent Atpresent, money for brokers' wants
sdeCidedly lower, say from : to t. per cent, but
prime commercial paper is quoted at per cent
BRAZIL will this year most likely have II deficit
Of about ,iOeNo0o, or about tS,OO90,o,. This
Will make her public ocbt about SSj0,0OO, 600 or
about il7O0OlO00 II has increased about fl2j,
$4,000 In the last twenty years, Her popula-
ton Is rather more than 1000 OOO, of which not
quite 100000 are whites The remainder con.
SisG OF negroes mulattocs and Indians, and in.
Guides about 500 900 slaves. Taking the free
population Exclusive of the Indian brayoes or
via lndiansl at $500 600, the debt has reached
ABOUT go a head Brazil is thus rapidly gain.
ing foremost position in the race Of indebted.
uysS' as her debt in proportion 10 her RESPONSE
oe population rivals that of England, though
~ ~ gan scarcely be said that she has equal power
10 bear It's weight