The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-03-21
FINANCE AND COTTON
FINANCIAL,

r.r ,.nital of the bank is el4,500, 900; its
-;-,,,istipn in the hands OF the puollc
eSovl as 200 O0O; Its deposits, on no PVtIlou
a9Cg-hicb l. interest paid, average, in these
y - ,hnnt 81. 10000. With its customers
e" Ss Two Kinds OF account, deposit and
Sisronnt. was told that, IN order TO get
discount at This bank, II was aosoluteiS
Necessary TO have "a deposit account, out IL
nsn hardly be possible that banking lnstl-
union with such an enormous worhlhS
csNital. amounting 10 nearly S29O,0oOVOO, Is
az obliged TO buy paper in the open
market in order to keep up loans. Tue
hank DISCOUNTS no bill having over three
,nnnths 10 run; the smallest city bill which
I, disrounts is fiOO, smallest country Bill,
eoS In circulates no smaller note than IS,
mi This seems TO be the only limit to de-
Ordinations in a frame in the building is
a Cancelled note of the Bank of England for
a fiOO coo coo, and, If l remember nightly,
The banker poet Rogers had hanging i'll his
library a cancelled note Of the same instltu-
ton tor $4,000.
While the coinage of the new scent
.nickeln goes on at the rate of about $1,000
a day. until new design to include the
word GENTS is agreed upon, the demand
il far from being supplied. As yet only
about 8, 900 600 pieces of the new coin have
been issued but they are rapidly disap-
nearing from circulation and being boarded
mas relies. IL is remarkable fact that
Si3O0OOO0 worth of the old fractional cur
reocy, which was discontinued few years
nro. was never redeemed and is still out
standing, SO that, practically, the govern
ment saved that amount OF money by the
change OF currency, tue "sh'nplasters" be
inc preserved by their owners as relies Of
tsNa1n nv tho aVi-
gencies of war. The government will also
make million or two out of the mistake
in designing the new nickel"
At the close of 1882 there were 230S ma
tional banks in the country, with an aggre-
gate capital of nearly S500,0O0000, u sur
plus fund of $lS8,00O,0 900, and other undi-
yided profits exceeding 500, 0e0 900, total
of $G76 100000. Loans and discounts
amounted TO 81 ,250, 600, 900, and individual
deposits TO about 81, 400,000,00O. These are
biz figures, and when one sees that on a
capital of SiSl, ,492 the profits still undi-
yided are Sl9l "a 1856 %, after annual pay
ment of dividends varying from to 10 per
cent, II is easy to understand that some
people may think the banks are too greatly
favored, although the system is undoubt-
eddy the best the country has ever known.
A statement, prepared at the treasury
department, shows the total amount OF
money expended by the general govern
ment from its organization to June 80, 1882,
for custom houses, court-houses aud post
offices, including the sites Of buildings, to
be, in round numbers, So, 100000. OF this
amount Sl4 600 were expended in New
York $1,000 900 in Pennsylvania, about the
same amount in Massachusetts, and Illinois
100000 in Missouri, S5,000,000 in Louisi
ana, and 100000 in Ohio.
~ hoe n NF tEI 0ln Onl
half OF it from the "octroi," and spends
about the same sum. OF this the debt
takes Sl0,S00,O0O; police, $4,70O,000; roads
$i00O,0O0; water, 81, 800 600; schools, "a ,0i0,
600; buildings, $l,0S0,0 C0-about as much Al
Philadelph charities, $3,675, 600
The city property is estimated at 500, 900,
900, nearly half water-works, and the deb
is $350000 600.
The new law, which goes into effect MAY
l, makes the following changes in the spe
cial taxes collected by the government
Dealers in leaf tobacco, from, $50 to- $40
retail dealers in leaf tobacco, from $500 tC
$3.50, snd 80 cents for each dollar on the
amount OF their monthly sales in excess o
the rate Of $500 per annum; dealers il
manufactured tobacco, from IS to $40
manufacturers OF tobacco and cigars, from
$40 8; peddlers of tobacco, second class
from S25 to $50; pedders of tobacco, thir
class from SIS to 1920; peddlers 9
tobacco, fourth class, from $40 to $500.
The new two-cent issue OF postage stamp
to take the place of three-cent stamps 70
letter postage, will have upon them the viz
nette OF Washington, now used upon tn
three-cent stamps. The vignette of Jack
son, on the old two-cent stamps, therefore
goes by the board
The French minister of finance has fixe
the value OF foreign coins in France as TO
lows, in francs and confines: Germany
mare, l.22 England, pound sterling, 25.2
Austro- Hungary, form, $50; Spain, plastic
ISL United States, dollar, Ole; HOLLAND
tlorin, 2.O5i Russia, rouble, $50.