The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-01-23
FINANCIAL AND COTTON
FINANCIAL

vroy the r,c5lnlaeuGaU1u OF Superintendent
Snow deu, " tle Philadelphia MilJ Inc sctft-
tary Of The treasury has sppIoved cnanee IN
the devices. inscriptions dai diameter oi lhe
uye-cynt uicke. copper cola, The LGl,H0vlpbl.
telegraph says; tne prtSt&t coin was lsstel
uuder thr act Of CouSfesa approved Nay 10 4Nou,
ana made The weight dye gtNmmes and The iia-
meter two cvnumetvrS. This was The ur.t al
tempt in the history Of our coinage 10 prescribe
by law the diameter oI e-iu. lnis had always
been lstt 10 the discretion OF The mint oneials,
whose Judgment could he beues trusted than
that OF Cousrt ssnlvn. Who Of Necessity have but
lille eXpert sklll OF knowledge upon such sub
iscts The result of tGis attempt was lhe isSue
of coin without due proportion OF
thickness To dsameisr-wi hout sono-
riy Of rim. and devoid OF beauty,
Z he object OF this Unususl le gislGuony was al al
tempt en- the part OF The metric system To make
a coin useful III ths educating Tue public 10 q
knowledge aud acceptance OF the metric sys'
TEN i'll our daily transactions. I his attempt 10
educate by legislation has proven signal
failure. As Ihe law had 10 allow Of a divergence
of two grains above and below the prescribed
standard, II was inaccurate and uufeuaoIe IS
weighLaud IS the diameieroi the coin could not
be made uniform owing 10 vast of uniform
uueulliy Of Tie nickel copper alloy, II was
obviously no standard To ug1 as u measure.
The devices ua the coin were also uAaruSuc.
The shield on the diverse was made 50 large
as 20 crowd the other Nurk and compel the uSS
Ofyvry small figures in the date, aud very nay
row border around the periphery of the piece,
The motto In 1Od We Trust" HGoycth shield,
was forced go near the edge of the coin
as 70 excite apprehensiOus that II Mould
not be able 10 hold its place
To remedy these deisc,s and also to make the
inscriptions and devices conform 10 The require
menb of the coinage act Ot ltlh II 10 good
taste, iolOuel SaOWu9u prepared and submitted
t. the se.retary of the treasury coin OF IN
creased diameter aud new devices, inscriptions,
etc. The colu ID To he ~ mihimeiTes in diane
ter On the diverse is classical head o. LlO'
erty, with the inscription Liberty ON the tiara,
ana the dals below, sud all surrounded by thlr-
teen stars. On the reverse OF the coin is the
Roman mineral, indicating the denomination OF
theeuiu surrounded by beautifully arranged
wreath, comp osed Of cotton, wheat and corn
products OF HE country, and all surrounded by
the inscriptions Quilted States Of America
aud II Plutibus Unum." Tho coin is great
improvement on its predecessor, and is beauu'
iul In its design and execution, and reflects
credit upon the taste and skill Of the officers Of
the mint.
The receipts for duties at the custom house fol
the past week in san francisco were sll4 go ~
makiLg Il total since January LIST of 1895 4Ol "
The amount OF interest paid by the city o.
Charleston mp to July, 1882, en city subsctp
tons to railroads within the state amounted Il
S297 600
overland through the express company for lht
first half of the current month were as follows
Silver bars va Vul
Gold COiu. 7,bft
SILVER CON, ......'........'. lsO
Total. .. SO SO
Detuit's financial exhibit is exceedingly cred
liable TO that city. The total receipts for ISIS
were Sl,7gg GoO, while tho disbursements were
Sl,j0l, Ij3. During the past year the bonded
debt has been practically reduced by the aecn
mutation Of the sinking fund, to tho extent o
S2i9I 3J, With the same rate of income Ilrousf
the present year the city would, at the begin
ming of 1855, owe only little over t37, go,
auditor gives the aggregate debts of the cOun
ties, cities, towns, and school districts in tina
state at Sjl,Sll,C00, and OF this Cook county
81. re is q, 3lS 600, or nearly one half. The city
debt OF Chicago is l7,4770JO, the county debt II
l,9il, 600, and the township and school distric
debts OF the county make up the balance. Tn,
debts OF all the counties in tho state amount Il
1851, COO of the townships 10 90Ol,OCO OF cities
villages and towns to 2iig30JJ, ana OF s3hoO