The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-01-28
FINANCIAL AND COTTON
FINANCIAL

tbs following is from the Washington c,--e-
soondeni q The New lork Bulletin. containing
views which ags somewhat eccentric hut ,thie6
ars worthy Of consideration
The o>uma,ss OF Mt. f0lger might be thrown
aside a. wholly useless. or out OF the way Thp
surplus OF The current year. which he places a,
sls1tNAVV, alfcaly amounts % 81 Coz 600 fIr
the first six months. 10 which nearly sloD an oSo
VIII De added for the second half wear. unless
this sum Is eutailed by ne new tax and tarif
arrangements Of cOngresS
bst We may take his estimates for ssoi olo NgO
ordinary expenditures for 1854 ann ,6ey a.. ~
READY seen 10 be IN excess OF the actual appro.
prlatlons and demands Of the year flll slSost.
w lhat Is the excess for pensions, $500 900
tne Interest GU The debt Sl00,o Coz on The navy
S,09 ,OO1, and the army, So Goo Ot1 ana on t6s
al least sl0UC00OO. -
He estimates for sil5MOOOo as receipts for
tne yea lsst, without change OF taxation They
would be $50 0OO go Il no change iSmsd,, Tbey
VIII be sSo0v09OsO IN case slOO 600 o o Is taken
00lO0l '"' f'''S VI JAW
Fron these figures Won can inlya mara
nearly than some OF your content 1r,,r lies the
prooabllles OF long life to The rer ceut.
pVnusi already Al the option of the treasury for
Ndempt ON without notice
Il VIII not repeat my own predietious In he
Sehoer Ia respect TO these bonds The presi-
ueht VIII undoubtedly urge the apple alton OF
every dollar IN the treasury 10 the payment of
the pr neipal aud reduction of the in crest on
a
ton That the veteran United States treasurer Mr.
nlulian, Is anxious to work the treasury To this
enc. II the secretary would only agree To IL
4. me obstacle 10 tho immediate payment of
Tue whole deht OF leal is, aud has been tor fun
Two years, certain banking interests. and these
continue To insist that tho government ia bOuud
70 supply funded stock long overdue and need
loSsly extended as the basis OF circulation. even
up In the treasury
There is as little sense as economy in This
reasoning, but congress win soon remove ali
preteNl ior insisting on long lite for tho per
cents, Inc TAX on bank circulation will De re-.
pealed and all restriction to the freedom of cir
culauon on and "A per cent bonds at par value
removed The strength, security and popularity
1i me national banking system will be promoted
Dy these changes, and both will be favored nv
he controller ofthe currency "
FINANCIAL lrRMs
house were $3.50 1881
Dakota has2l national banks 81 priyate horb,
~ chartered corporations, ~ daily papers and
100 weeklleS fNfN'9' "'''
No. The bullion output OF Arizona for 1850 WAS
sS ~ o. and for ISL S50l00O while that OF
Gold certificates of all denominations TO the
amount OF 81 0Ol have been sent to the assist.
ant treasurer at San francisco
Az the present quotations on the San Fran
worth e2,5O00u0 ~
The railroads Of Dakota paid into the terrific
Sl Al. 1' va
The earnings Of the Union Pacific show about
siuvOUu decrease for the first sixteen days of Jan.
nary as compared with last year, owing to snOY
interruption TO traffic ~
Utah rs destined to become II great copper
producing district and II will not be long until
lhe bulk OF copper will come from the great
west IL is estimated that the Product In the |
100000. ''' w.
The bullion which is to abolish Italy's forced |
paper currency has very nearly all passed into |
the ipliah tfeasuIyand there is great activity ut
.ne Iecch, the Roman mint, where 1t Is rapidly |
Passing INTO The form OF coin of the realm,
Inc Total assessment in Louisiana for state !
taxation, made during 1852. was approximately |
slS, ~ 9l6--an Increase of about niue millions
over the previous year after deducting for the |
overflow. Wv
Tle Mexican Mercantile bank has held It's first |
annual meeting, declaring Il dividend Of per |
cent on the paid up capital ia addition to 3 per |
cent declared last fall. the bank has been In |
operation nine months. Profit for that period,
iYo,Uul circulation $4,000. The transactions
III exchange amounted to TO- COCO
The New York Financial Chronicle. speaking
OF last years business failures, says the number
no; only indicates no uusouudness in business,
but ~ really less than might have been autlci.
pateu especially when we remember the great
activity in enterprise during late years"
On January 90 the Western Union Telegraph
company made % cents its maximum rate Tor a
message OF ten words between any OF It's Offices
IN New Hampshire, Vermont Massachusetts,
hhoue lSlanu, Connecticut, New YORK city and
me southern part of the state of Maine Orders
have been lven q reduce the present rate OF 8O
30, ID and % cents 10 the 25,Cent rate
DALLAS EXCHANGE AKIN gTIygp