The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-06-21
FINANCE AND COTTON
FINANCIAL.

AN eastern financial paper comes out
strongly in favor of railroad presidents Civ
ing full statements of the physical and
financial condition of the roads under
their control Men who own stocks and
bonds now study railroad matters more,
and show an anxiety to ascertain what
grounds the business men have for their
apparent mistrust of the management OF
the roads in this country. Generally, I'M
fortunately, lessening charges is usually
taken as confession Of previous extortlon,
aud the enormous reduction OF late years
than allayed public antagonism. ms
lie wholly owing to the almost utter
neglect Of the railroad managers to
make and keep the public advised
of their service and charges and the
relative cost OF the service. Transportation
is such an instant, constnat and vital ele-
ment in every question OF modern produc-
ton and consumption, so closely and con-
tinuously touches every person at all hours,
that complaint and distrust swiftly ass
sumo formidable proportions unless at
once met with explanations.
The st. Louis Commercial Gazette says:
1.-THE fire insurance companies are COM
planning of improbable business and de-
creasing dividends: The complaints are
They have stretched the principle OF com.
petition far beyond the safety point, and
the strain is already dangerous to the pub.
lie, Cutting rates Is an amusement the
fire companies have voluntarily INDUCED
in. and the most intelligent portion OF the
public don't like the situation. We pre-.
sumo there will have to be an epidemic of
bankruptcies among the fire companies. at
the peoples expense, before the fire fnsur-
ance men will recover their senses again.
In the absence of extraordinary con1agra-
lions, the people are safe as to indemnity
when the companies are making money by
charging good rates-and not otherwise
The Mexican Diario, official, is authority
for the statement that the trade between
Mexico and the United States for the last
wear amounted to $50, 975 900, being an in
crease OF So 348, 1876 over the trade of 1881.
The United States sent Mexico goods to the
amount of $15,575,000, and consisting
chiefly of cotton, steel, iron, wood, petrole-
UNI, and provisions, and receiving in ex-
change SIS, 400, 600, nearly two-thirds OF
whlch-$9 COZ, 0O0-being in gold and silver,
So, zoe, 900 in hemp, 81, 800 900 in coffee, ST.
1000 in leather and hides, and $500, 600 in
cattle. The trade was thus entirely in favor
of the United States so far as payments
went, and if the trade of Mexico with all
countris is on the same basis it is no wonder
that her finances are in bad condition,
and that an issue of paper money is serious
ly contemplate ed.
There are eighty firms and individuals in
San Francisco who are assessed for more
than $l0O, 900 worth OF personal property.
The highest assessment OF this kind OF
property is So 1872, $50. Thirteen persons
are assessed for more than $5OO,OOO each.
The entire assessment of personal property
in the city is $57 ,914 1865, an increase of ST.
S27, $40 over last year.
The Indicator California; says: "At the
mouth OF Big Backbone creek, Shasta
county, last week, where the railroad
hands are excavaling cuts to put in stone
culverts, body of gravel was discovered,
and an old miner who stood by remarked
that if he had q chance he would pan out
sore of it. Contractor Scoble and his
cured pan, and in about two hours washed
ont $50 in nice gravel gold"
The Silver Islet mill last week deposited
a brick at the Pitkin bank that weighed
I,O35 ounces and was 975 fine, and Is valued
at 81, 800 1t is the largest brick ever made
in Pitkin county.
San Francisco reports that thus far this
year it has exported about 81 600 more
specie than last year to China, and about
ST, $50 600 less has been sent eastward to the
Atlantic seaboard.
The issue of standard silver dollars from
the mints for the week ended June 8 was
100000. The issue for the corresponding
period OF last year was $2ll ,499,
The next annual convention OF the
American bankers association will be held
al Louisville, October and 10. ;,
Eighteen people in the United States and
abroad, hold $257 100000 of our govern
ment bonds. ,ooo
The nullion output of Arizona for 1880
was S., 0l9 $50, and for 1881 $S,5OO,OOO, and
that of 1870 was Sll 7O2 Oh.