The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-03-22
TILE BUSINESS WORLD.


Tue capital Of the bank IA $4,000 lts
circulation In the hands Oi the public
abont go 900 600, ite deposits, on no portion
OF which Ia interest paid, average, Ia these
DAYS, about $50 100000. With It's customers
n has two kinds Of account, deposit and
discount. was told that, IN ORDER 10 get
discount ut this bank, IL was absolutely
necessary 10 have deposit account, but II
can hardly be possible that u banking insti-
tuition with such an enormous working
capital, amounting to nearly S2OO,OOO, 10, Is
ever obliged 20 buy paper In the open
market in order to keep up loans. The
bank discounts no bill having over three
months To run; the smallest city bill which
IL discounts is 600; smallest country bill,
$50. IL circulates no smaller note than 20,
but this seems to be the only limit TO de-
nominations; in frame in the building is
q Cancelled note of the Bank of England TO-
a Gl00000 900, and, If L remember rightly,
the banker poet Rogers had hanging in his
library a cancelled note of the same institu-
ton for $4,000.
While the coinage of the new : cent
nickel" goes on AZ the rate OF about so, OOO
day, until new design to include the
word cents" is agreed upon, the demand
is far from being supplied. AS yet olly
about 3, 000, 600 pieces of the new coin have
been issued, but they are rapidly disap-
pearing from circulation and being boarded
up as relics. 1t is remarkable fact that
SIS, 600 worth of the old fractional CIR
rency, which was discontinued few years
ago. was never redeemed and is still out
standing so that, practically, the govern
ment saved that amount OF money DV the
change of currency, the "sh;nplasters' be-
ing preserved by their owners as relics OF
the currency made necessary by the ext
gencies of war. The government will also
make million or two out OF the mistake
in designing the new nickel"
At the close of 1882 there were 2,30S ma
tional banks in the country, with an aggrc-
gate capital of nearly $500, 600 COO, sur
plus fund of $136 100000, and other undi-
vided profits exceeding 500, Geo 600, total
of 1915, 100000. Loans and discounts
amounted to 81 ,250 900, and individual
deposits to about 81, 400, C00C00. These are
big figures, and when one sees that on a
capital of $4S4, 1888, 492 the profits still undi-
vided are $l9l ga 1926, ter annual pay
ment of dividends varying from to 10 per
cent, 1t is easy to understand that some
people may think tie banks are too greatly
favored, although the system is undoubt-
eddy the best the country has ever known.
A statement, prepared at the treasury
department, 81 ows the total amount of
money expended by the general govern
ment from its organization to June 80, 1857,
for custom-house3, court-houses and post
offices, including the sites of buildings, TO
De, IN rOunu numDefS, 9oo,OOOiOUV. VI lhiS
amount $14 100000 were expended IN New
York, 81 ,Oo0, 900 in Pennsylvania, about the
same amount in Massachusetts and Illinois,
$4,000, 900 in Missouri, $1,000, 900 in Louisi-
ana, and 81, 900, 900 in Ohio.
Paris has reven lie of SOL 600, COO year,
half of it from the "octroi," and spends
about the same sum, Of this the debt
takes SIS, 800, 900: police, 81, 70o,0 900; roads,
$4,000, 900; water, 81 800 900; schools, 81 ,0iO-
0O0;- buildings, 81, 090, 0O0-about as much as
Philadelphia-pub charities, $3.50, 600.
The city property is estimated at $2oo,09-
900. nearly half water-works, and the debt
is $3.50, 900 0oo.
The new law, which goes into effect May
!, makes the following changes in the spe-
cial taxes collected by the government
Dealers in leaf tobacco, FROM $25 to $l2;
retail dealers in leaf tobacco, from $500 to
$3.50, and 80 cents for each dollar on the
amount of their monthly sales in excess OF
the rate of $500 per annum; dealers in
manufactured tobacco, from SIS to $2,4O;
manufacturers of tobacco and cigars from
$40 to 6; peddlers of tobacco, second class,
from S25 to SIS; peddlers of tobacco, third
class, from SIS to 1920; peddlers OF
tobacco, fourth class, from $40 to $500.
The new two-cent issue OF postage STAMPS
to take the place of three-cent stamps lor
letter postage, will have upon them the Wig
nette OF Washington, now used upon the
three-cent stamps. The vignette of jack
son, on the cid two-cent stamps, therefore,
goes by the board.
the value OF foreign coins in France as fol-
lows in francs and confines: Germany,
marc, 1.22; England pound sterling, 25.Z0;
Austro-Hungary form, $50; Spain, piastre,
4.S1; United States, dollar, GIG; Holland;
form, 2.05 Russia, rouble, go.