The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-03-13
FINANCE AND COTTON


T,.r wear iAe koNt4 ,'-'Ne
s,tiUl5 iol of BONDS ana or'.c thst amount
st,,i,ey INTO other sgNoiilSs '.L MS W5
Of A'"' IN. ,iIect 81 tins, says the Wall
meul. ~. mon THE railroad stock and
SIN '-.st VAS simply tremendous. IL
ooDu .'..,,,b tbe sane as ID Mr.. William IL.
Nele '-,-Si'r with h's fortune all IN money,
lAuI, .ntsr Mall street 10 replace hlS
So So, ,1y, ,lmtnt. Ilis year, WIN So
eve las of receipts aud large additional
vvu l..',,rs tn make Tor pensions and various
Pants the government can Buy rev, II
a,voI L',3s Inns unnatural stimulus Will
any, ssrt and loaded cliqueS, when the
DC ~ is eating the better OF them, Will
t n...- ~ iet 90. aud not run down to Wash
h il'',,,, ,Dr relief Besides this, the redue-
.ss, nt The tariff will effect numoerleSs Ian
Us which must act as a damper TO any
IN SPECULATION. 1t should not be forgot
10 that last wear the market broFe away
Nm fhe control OF the greater operators
tslflozsn times, and II was only me euor-
mons bond calls by the treasury That
saved it.
The Indicator says: about the head
u.,ters of SALMON and Wood rivers, III
snutbprp Idaho, is a region some 900
miles In extent Untu three years ago us
nearest railroad was from 2oo TO 1JO miles
avsy from the leading mines Since then
!, Igs had the Utah Il Northern branch
,.itbip $50 miles, and has managed To at.
irarf s,u,e attention in spite OF the Lead
,iIIs GupuiSou and Arizona s,ampedeS
ME- OREGON Short line will 20 to the head
af in me coming spring. At Atlanta, the
ALBANIA ledge, which, traced for miles on
tha surface. is from 50 TO 100 feet wide, and
mas Skinned lbv wagon 300 and by rail 100
niles UOJ tOnS-a portion OF It's product
m Omaha, where 100000 were extracted
tron il also az Bonanza City, the Custer
ledpe. the giant among American mines,
from whose uutCrOp of POO feet above the
surface. four men, during eleven months
last wear, ouarrled ore which yielded ST.
10000. aud which has, through a small
twenty-stamp mill, poured out Sl,4OO,uOO
in the last fourteen months AT Idaho CITY
isa small area OF the placer gronhd oil one
county which has produced S2LUOOUOO IN
gold-m0re than 81 100000 n year for eigh-
teen years-ldaho'S whole placer yield was
S65OOO,O00. Silver City, Idaho, is the home
of the famous Eimoro, which, with small
tyenty-stamp mill, in thirty days has
poured out $4,000, the largest months
Yield of one mine with a mill of this lin
tied capacity vet recorded in the world"
A prominent New FORK banker said that
the reduction of revenues by the tariff and
internal revenue legislation will be from
S5O,OOO,0O0 to SS5,0OO,0O0. The excess OF
revenue over the expenses of the govern
ment last year was Sli5, 100000 Allowing
the reduction To be $70,000,0QO, there will
be left SO 100000 in excess OF the amount
required to meet current expenses. The
reduction of taxes will also result ina quick
ening of business, in a benefit to the gov
ernment so that an estimate of 500, O0O DOC
applicable to the retirement of bonds dur
ing the year to come isquite within bounds
The exports OF specie for February were
comparatively light, the total being only
S7l0Gl, besides 1900 in currency. The
latter went to New York, together witt
$23SG OOin specie, including $1,000 in golC
coin $l3700 in silver coin, ard $4,000 il
fine silver. An invoice of $1,000 in golC
coin was sent to Central America. and $iS-
1S3 in fine silver to Japan.