The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-10-07
FINANCE AND COTTON
FINANCIAL.

mn, director Of the mint is preparing a
mem TO snow the pIoii,s arising from the
su,nass ofthe stan lard silver dollar for tue
Ace wears ending June 80, 1855 The smounI
nh'evsyma1e is very large, being in gross Tor the
HsHycArs since july |, 1873 the enormous sum
nnsrItiS Sil il3 OF. Nearly all this profit h, $
oone direct into the treasury, for, after sub
trsctinr the wastage, cost OF coinage, ua1spOr-
alton aud other expenses there is left a net
.nGt in standard dollars and subsidiary coin
PP'or I'M Ion In va'uc a. the respective dat of
Ov,rcbase of over SIC 500, 600 This is equal TO
PN average net profit for the FIVE years Of Is q.
sia o0l annually AS large as 10 seems il!
IL not so great Ia proportion to the value 0fthe
issue as which resu Is from the coln'ge OF
10 haser pieces Last year the profit Fl IN the
eonsre of nickles aud lee mt pieces at the Phil
sdephia mint alone was about 81 900 90 Tue
d;,actor of The mint Is cooling little In his Of.
feetion for the standard dollar He says he
thinks we have enough OF them He Will prsb-
shiy recommend the repeal OF the COmpu sorry
Coinage clause 10 the law in his message this
war Trealurer " man reports pr.tty fair
demand for the dollars at New Orleans, which
il usual this season of the year, Llst month
there were more dollars AIKEN there than Wers
uttered at the local mint, which is S,0 600
monthly, Owing to the fact that the dollar is
repugnant to the Pacific coast the coinage
has b. en- almost stopped at san Francisco
Commissioner of Pensions Dudley will ssk
congre,s Tor an appropriation OF SlOWO0Oj for
the payment of pensions during the hscal year
ending June 3Jth, 1885. OF the slOe.0OO0O ap.
nropnated last session it has been estimated
nat about $50 000 100 will remain Ia the treas.
ury TO the credit Of pensions at the close OF the
present fiscal year. Since the lat OF January
iSS} fully $4,000 names have btch added to the
ppuson list but eveu this increase, lheconmiS-
siOper thinks cen be tasen care OF. ~ Is his
opinion that tkerc will he gradual decrease
wear bv year until the pension appropriation can
be kept down to about p OOO'OJ. with TIE
amount that will PROBABLY be On hand A. Nc
close Of the present fiscal year ana nat wh Gu
congress will be ask 4 for This winter II VIII be
seen IN 1t there is n prospective decrease III me
pay-rOlls of about s2l,0Ol00l.
The ntei Stat IS treasurer dispatched nm
other 100000 gold certificates OF the Washing
ION series to Chicago to-day. They are AL IN
so notes. and 60 primarily TO: issue nreluru
for g I'D coin, IT, however, the banks wish 70
exchange other certificates OF larger denlmlna
ton for these, the assistant treasurer AZ chicago
will be directed to accent them. although the
goyefnmt mt does no, feel bound 10 do THIS under
the law. The large certificates viii ellher De
held at Chicago until the banks, for clearing
house use may desire to uade back or lhey arc
wanted somewhere else
It's said In Washington that hill VIII DC lu-
trOduCed at the co irg session OF e0naeSs hll-
thoriZng the govern rut TO issue 500. W OO) IN
2l-year per cent bonds, with when 10 pur-
chase all the Geographic plants OF the country
- IS OO0.O go to go to the Western Union aad
5000 0OJto the other companies.
There are pres snt $1,000 pounds OF clpper ara
silver bullion EN- route from the BLACK i.ll' 10
Ash Fork.