The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-01-30
FINANCIAL AND COTTON
FINANCIAL

SECRETARY FoLsER has aairv ss5a hitter %
Speaker Keller relative 10 The all,.on' 81 s-lNtE
coin on hand and the facilities for Is ssie-aetp-
ing In the sub-treaSuyy CihceS, showing ne
urgent necessity for providing additional vault
room Al once for storing silver or Tor dlsconuhu-
ing the coinage OF the standard silver dollar.
ing the coiuage OF standard silver dol ars, new
vaults have been built expressly for storing AZ
the following named Offices Year ISIS New NoIA
sab-trea uTy, at Il cost Of $500, Sau tdncl'to
Sub. treasury, a. a Gust Of Sl7 O59: Philadelphia
sub treasury, at cost Of IS, 76S. Year ISL
San Francisco MIMI at cost OF $3.50. hs.-
timOrs sue-Iredsury, az cost q ssAS;
Philadelphia MINT at COstof sass. Neaf lNN2,
San Francisco mint al cost of $4,000 san
Francisco sub-tyea>uTy. At Il cost OF So So These
vaults are now practically ulled some Of them
10 their utmost capacity. Under the law there
must bS coined al the minls AT least - e1V1l
worth OF standard silver dollars monthly, aud
unless the law is repealed before congress ad-
j0urns this session provision must be made Tor
the storage Of This years cOtn0ge, say S3IOOi-
0O0, less tue amount put in circulation. The in
crease in the circulation of standard silver doll
lars between November /, lsSl. and Soyvm' -
L. ISL was less than Sl50,Oto h.t
amount Of coinage for the same lime WsS
81, 1905. The office OF the assistant treas
urer al Cincinnati is in a building owned by
the government, but It has been sold, 10 Dc
delivered as soon as the new building is com
pleted. For this reason, aud ON account OF The
small amount of space available, no additional
vault was built, aud there has been transferred
from that OHlce To other sub. treasury Offices,
from time TO time to relieve the vaults, since
February Is lo1o, the sum Of So S211 S9 IN silver
The office of the assistant treasurer al 81. Louis
is IN d rented building, and in addition to the
vaults OF the Otlcs available ruSe there has
been rented from the safe Deposit company OF
that city large vault exclusively for the stuTas e
of standard silver dollars at cost Of Sl15J per
anuum The most serious disieuly VIII be- vN-
Penehced IN ehording relief TO Nh, the
San Fran cisco suh-treaSury. The
amount reported on hand January
II, 1855 was in standard silver dollars
sl4 ilLUJ0 fractional silver 1854 Co.'S total ell
yer 81, 7SS6Q6, or about CPS tons. Both new
vaults built for the purpose are now about full
and the assistant treasurer reports that there Is
no further space available IN HIS Office for build
ing anOLhor vault The only reief therefore,
that can be given Is 10 transport it 10 some sub
treasury in the east nj a cost OF $4,000 for the
transportation Of each Sl,0OO00J transferred
There is not sufficient appropriation available
for the payment of the transportation OF the
properly relieve that office, nor are the sub 'Iens
ury officers in the east in condition To receiy,
that amount, as shown by the accompanying re
port Of several Oiices Tho amount il
the treasury January l. l>SS of stand
ard silver dollars was S9i0lG $40
fractional silver 8651lG92 tota
OF the facts stated above, and reports herewith
/. is apparent that this congress should cithe
discontinue the coinage of the standard silye
dollar or make suitable appropriations for build
iuS huultlOnul Ndulls III INC tuSl ana lNI Shl
transportation Of silver coin ftom san Francisco
no further space being available for building
another vault at that point The lowest rate
for the transportation Of silver from San Fran
cisco obtainable lie $40 per Sl,O,O
The H0ughton Ga2ettee estimates the tOts
output OF the copper mines of the upper PENN
sula for the year 1882 At So SIS tons or AS ton
in excess OF ISL Taking 10 cents as an ayerag
price per pound during the twelve months Il
lsS2, the value OF the copper produce of tn
three counties OF Houshtou Keweenaw aud On
tonagol figures up Sl2 SIS 900.
The Spanish reHenu5 for the second half q
the fiscal year lSSl-S2 exceeded the eEpeuditur
by $500 COZ pesetus. II Is estimated that n
first six months of the fiscal year lSol.Sj wi
show surplus of i25, 500 900 pesetaS.
Upon the receipt OF the II 40 per cent diyi
dend the preferred stockholders OF the Northern
Pacific railroad sign II receipt which acEnOwl
edges the amount received as the full amount g
the net earnings from September %, 1870
July !, 1882. Under the plan Of rcOlgauizttio
adopted June 50, 1870 the company is discharge
from all further claim for auy earnings or div
dend thereof under said plan or otherwise up {
July !, lsS2, upon the preferred stock
The foreign lmpOrts.at New York during tn
past week We're comparatively small, bein
nearly S2tO),'6O less than the previous wecl
and over Si5O0OtO less than the correspondent
week last year There arc several missing Cal
goes 10y overdue steamers that ought to hay
been IN last week. The total value was g. $40
600, consisting OF dry goods, 81 i37, 219 aud gen
eral merchandise, Ii,51832l. The decrease II
compared with several foreeOug weeks il pre-
poruonately heavier In dry goods than in OthC
merchandise the Total amount since lauuar
LIST amounts TO 1896 6SS against >293jl 50 fL
the same period in 1882 aud sl2 i62, S6S in 1881.
DALLAS EXCHANGE AND SILVER