The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-15

$50. These are geographically distributed
as follows:
No. of banks. Circulation.
New England states. ....,..,... 6 SIS 600
Middle states .,,..'.,'..,,..,..22 1857 900
southern states. ,,..............lS S65 $50
Western states: ........ ~ l,520 $50
Pacific states and territOries....l9 Sl7SIO
An eastern commercial journal remarks
that these figures indicate the drift of the
national banking system; that it Is adopted
about as rapidly as it becomes understood.
and that it is nowadays not slow in being
understood. Since the number of banks
organized was greatest in the western states.
the implication of this is that the people
of the west have been particularly slow in
understanding the system. The same pa.
per says; "lt' (the SYSTEM captured the
eastern and middle states without strug-
gle, and it is at this moment swooping over
the home of those who hate it most-the
west--with vigor entirely worthy the
cause of sound finance"
If the writer of the foregoing sentences
had understood the people of the west as
well as they understand the national bank
ing system, he would, perhaps, have written
differently. The people of the west prob
ably understand the system as well as the
people of other parts of the country, and
there is no very convincing evidence that
they hate it more. Intelligent people here,
as elsewhere, regard it as the best system
we have ever had, though they may not re-
gard it as perfect. They understand it as
well, perhaps, as the eastern journalist who
writes upon the assumption that circula-
ton is the most important thing connected
with it, TIE increase in the number of
banks in the west is due to the develop.
IF tho ttru and tba lopnopH nt
for more circulation, but for increased
general banking facilities. 1t is not due to
any better understanding Of the system
than has prevailed for long time, nor to
less hatred toward the banks, since there is
no hatred towards them among intelligent
people who require banking facilities.
THE st Louis clearinghouse has sent a
circular to each bank that is q member of
the clearing. house, requesting them to fur.
nish the amount of all checks charged each
day during the month of June, whether
cleared, deposited or paid, so that the pro-
portion which the amount of clearings
bears 10 the full amount of all checks paid
by the bank can be ascertained. Compare.
sons of exchanges have been of value in
showing the proportionate increase or de-
crease of checks exchanged. This infor-
nation, taken in connection with other
figures, will add greatly to their usefulness.
II the same information could be gathered
by the managers ofother cities, a very good
knowledge could be gained of the total
business transacted by the banks through
out the country.
According to the Saturday Review, the
revenue OF Paris in 1882 amounted in round
numbers to $50. 0O0, 900, and of this amount
just three titths, or $50, 900 600, are raised
by octrOi duties. These are kind of in
ternal customs duties levied upon articles
of consumption imported into the city.
Liquor-that is, wine, cider and alcohol
yield $4,000 600. and food yields very
nearly Sc ,0O0, 900; while liquids other than
spirits, such as vinegar, yield $4,000 600;
building materials yield something over
$1,000. 900; fuel nearly s., 800 900, and forage
$1,2j00 900.
The London Economist of May 20 says:
Trade appears to be improving both at
Manchester and Bradford. 1t has been OBJ
served that the requirements for loans have
principally been in small amounts, which,
taken together with the more active de-
mand for cash, indicates an extension in
the circle OF operations. The banks, both
in the metropolis and the provinces, do Lot
appear to hold any very large supply OF
unused money. Hence, any revival Of
business demand such as this season not
inirequently brings wouldcome on amarke,
rather bare of cash, and would influence il
aCCOrlingIy