The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-06-14
FINANCE AND COTTON
rfsAnUfAL,

I'm teyjeyina the business situation an
eastern exchange calls attention 70 tbe
steady &C Jumulation OF money IN the treas.
ufy ana In the banks On last Saturday, ~
tI32 Cos, s2l In gold against which there
we're outstanding certificates TO the amount
of 1853 y3g 30 leaving the treasury the
owner OF $l3S, 735 65l. The silver account
shows the amount held. including 'rac-
tional coin, TO be Sli0,OT, 81, against
which there were cerunca,ee,s Vutstanu,hs
10 the amount OF $7l ,67s, Sol. leaving the
net treasury ownership of silver OF S6o,5oS,- |
aG0 In the past two months the increase |
in treasury coin has been 50, ,33i though
during this period the stock OF gold has de-
olIned So 400 500, and the holdings OF silver
increased 81 l9o.25o. Whetner tnis pIooess
Of exchanging treasury geld TOR 8 liver, says
our eastern authority, is to continue until
the latter 81 pp' ants the former, is becoming
An engaging question. At the rate that
this exchange OF metals is going on, 1t Will
not be many months before the ABILITY OF
the treasury TO maintain 40 per cent. re
serve against the greenback issue and keep
up it's coin pay ments will be brought to
severe test. The banks and other reposi-
tories for money throughout the country
show a continual accumulation OF money,
indicating an immense surplus, OF ioanao'e
funds lying idle at the present time.
The Daily Indicator says: Tine decline
in the amount of bullion in the banks OF
England and the increase OF specie IN the
banks of France and Germany attract Sc
rious consideration as to London's assump-
ton of being the head center OF finance.
The last expedient of raising the discount
rate fails 70 attract bullion to the bank OF
England, while the banks on the continept
show steady increase. Last week the oul,
lion reserve Of the bank of England in gold
was down to f2O. l3l zoo, or over 10 aoY,oo ",
less than in the corresponding week OF
1882, while the bullion of the bank OF
France was ff0, 49l, 200, or t3 ,oSI .SOO
larger than in the corresponding week OF
last year; and the bank Of Germany showed
an increase of f5S5 800. Besides the ABOVE
amount in gold, the bank OF France holds
over E42 100000 in silver &5 400 900 Tess
than for the corresponding week OF last
year; and the bank OF Germany now con,
Iains f23 400, 900 in silver or oyer Il 'oo,ooU
more than at this time in 1881"
The task OF counting the Brooklyn orlnge
receipts of the first a hours was finished
Friday. Two men were engaged on 1t early
in the day, and later the number was IN
creased to seven. The count showed thai
$40, 1913 paying foot passengers went upon
the bridge between the opening on ih Yrs
day night and II O'Clock Friday night The
tolls collected for vehicles amounted &c
S597 %. The total receipts were 81 OOo. II
was estimated in the Office OF the bridge
that in addition to the paying foot passen
gers, $1,000 people went on the bridge II
D
without having, so that the number for thu
first day was close to 1870 900.
The English receipts on account OF r 1sse
nue. from April l, 1888, to May IL, 1888
were ETC, 7OS 357. against 60, 1877 ,9i2 in tn
corresponding period of the Precedin
financi Al year. The next expenditure wa
eli, 43O, S97, against Ell, 100 $751;. 10 the sam
datein the previous year: Inc IRE e, ss oid
and at the same time 1882 to "a $50, 662.
Down to 1924 the English government!
says Sir John Lubbock in the nineteenth
century, gave to the taxpayer notcne,
stick as a receipt The old excheauer tai
lies were willow rods about five feet long
which were notched at certain intervals
each notch being understood to mean s.
many pounds, shillings and pence. or irae
tions thereof When the amounts wer
thus notched, the stick was split, one par
being kept by the taxpayer and the othe
bF the government.