The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-03-30

FINANCIAL.

- m fut, % me penp.eu lcNa. t. earn Ina
NJ BANKS ~ mt HtAic oiCapc tahHtipn almnHi
10 m lMt d 'l'r,n ia. capital m,lof.d rhs
Hptr- cal iui IA \ organized uNder the az.
."tnl btnFinr lsw such n rtsu ~ rpnl h q b.
NV aw = hi n might ,,ppIolri tcly b. ent.
uri An aHt 10 enable hnuk' ana bankers 4
dge ufN ttiln." There uHs been no ruhlics'
i ~ hithrrin ~ lh.a remarkable ttaie OF al iis
20 Dallas thn other day the memb - 1T tn
10 looking over the lids ,uhmiitcd io
hon 10y A. ss1r Rosel, mace 10 Ihom
Nee Wt'n'sh INK dhoovery that they
oud dariyo 10 revenue from the banks. ~
lFrhsps Huy ptlCr Dity IN the country While
eung particularly uncomfortable over the In
justice e. Tue RS. u the community by the
'cvhtot OF ne bHlken To such a privileged
ostO1, M Fee, u lcai'ug mctchan. ~ Dallas
ana endilg mCmhtr ~ Tho board. learned of
ne presehc, H. III city e tho Globe lcmocrat
.ofivspoi dent aud sent for him There vac
littr ne he said, In isyirg such Il matte be.
ore the local "a. oiS ~ ihey had affiliations
wl'cs wOulf IKE mem gY"rsc - STIRRING NJ
Use mater TIE aw WIS Al iniquit1us one, ana
hr Fec let tnaI the Globe Dem pcrut would b.
iolus the rcopIc OF icXfsH favor ~ u exposed
O. them the workings A vi,it was made T. h.
city h.A, ani hero ar blgsl showod hi
rrtprrs fr0n the banker, They were
made IA conformity e. the rev law.
uut the tFms were II each
oau k,r was enabled q shos TINT he n 4 no n.
INK TO ho taxed For ht beuel understanding
90 his clIilns plere OF iegsl,up' the soa.lon
tr1sgtihUg ,h0 form n tn X return. v hch
Is III main feature oi the NV aw, iNqa0t ii AZ
'ollovs: An oinCr haaks Chan ua i0naD nank-
c's, hr krr. or detitrs M * 'haUg e, or stock
j. hcIs, shll rcud ~ thci lis a. nc ma nor
iulo ring The mount ~ money on ond or
n trann', o In the lauds q OH banks,
bankers, brokers or others subl st. 80 draft,
Ntc'her tho same b. IN az out q the ttat' X
cent United smt's Treasury lot J ? The
amount Of bills receivable, discprntd or pur-
chased aud other cr' dis dur mr. 90 bee me
du", iaulu ling amounts Q. CaiyAhe. iu'er.si nc.
cru q, hut NOT dus. Ard in'cf"s due aud uu.
paid. 3 From - gr fgair amount NJ the itrms
named ~ the ir.t sui A. cpnd ~ Ia" Lass 40
subd!vlbiuns thai e dsdufted the amount
of nouey on DEF ost I the an m of bonds
and s'oG oi ANY kind scspt U iled StstcS
b1nd-l end III shn'ca oi capital ~ k or Joint
stock ~ other com su',so OF corpofat ons held ~
an Investment n Any gay 'eprsroufiug hssVtd.
b. Al other property hr onRing or apper.Ain-
lug 10 sad bank or business Including both
pefs nj property or real estfte. shan Iigted
as 0iher persons properly grd fenl se'ute,'
ment Il tne ~ the DAlia. uk., rendered
Jsausryl 1891 Is glven n - H.;
Cash .........tl3N,S i =
Los, iegal tenders ....... llG,2i7. G--S l26n.sl
Cash ID hauas - backs
and blnkers...... -, ia $50 2
CneCss sud cash iem.... 40 p
Bills receivable Gal nc
COu1's feceiyabe..,,.., 200, ~ II
AGOiol7i
CT.
Due deposltors .,... ,,,s425 so7 &c
Bills psyHble aid othor
amounts ptyablo....... 6i7os .79-sis9, &C c5
g5a lGi 81
Other than real estato.... 1870 20
e6765i 81
The meaning of this return. which IL m.do
exactly AZ rnc new law requiem In that tho
bang. IN it, tex account W h the city, has n
crelii % IT, L. other words, II no, only has
nothing which II taxable, nj IN It's ri on
hand was 5000 more thau II IL or asy one
OF The taxgble Items was that much "a rcsscd
It's .ccouDt 70 toe assessor wou'd be- balanced,
there would sill be no tax To say This happy
condition Of the bankers L. he result chiefly OF
tn Law, aid with that OF soms sh ewd m suipn.
Ia ion u leeal tond-rs Duriug the latter part
OF the year, ia December. he banks commence
saving the loyal tender notes ~ they o.e 20
thom The result IL an accumu alto OF these
70 the aggregate Of many thousands Of dollars
on the LEI o. Jsnu ry ,hese esal ten dor otes
chcnge hands ninC az the Ia KS, 40 hat each
Institution holds Whist i needs at the hour the
tx reiurn 70 made out aud forw rded
Of loyal tenders under tic na.
uonal law com letes the work no well begun oy
the state act, aud the banker IN, no AK 10 |
charge 30 hie expense &C cunt In Dallas alone
the estimate IL that fnl ST. o coo employed as
banking capital escapes iexatoo entirely. IN. |
quiry III other 81 lie. 81 the stat shows that he
same 60 diiou exists everywhere and that the |
whole bar kins interost save in the form Of ma |
uonsl banks goes untsxod NOBODY seeinA to |
nOw h1w snch law came u ne passed One |
section siatcs with IT, ming saroasm thai tho |
Ireviops law was found In be very defective, |
aud "a ,mcrgoucv ciausr Il therefore attached |
L. T xas money coHl nands aever less ihal ~ /
AID from mat b. ~ per cent acc rdng n he |
emergency Lenders unite In testimony % the |
safety Of oahs Ia the state Such being the |
case IL VIII b. 3een that Dankisg hers |
clmos rrciiy near being "nll ne |
1, deserves 10 re chased Gong with !
sock raising and and .peculahon as
q e of the forunp-making methods ~ T. xss. |
Gu .idc of the bs ikers AID he assess rs there
1. uiter lgno u &c 900 the sp. rainn If IL. law |
when told about Il statn officials even EN- mys |
ia a 4un can " dor lana Tn hauk, r. sm ilc |,
nud sly litl. o ust,oual IA ler ii T. lhe |
Globe pem0c 1T cores oudent: 'lt l. TACT |
IN 4 The mr. hanks c-car. taxation but We |
eau ssv mu h L. irne our suaics ~ 30 |
are taxed u hat Is all tina Is reschel On the !
first day OF this ear WIN n W. made our ,tIrn
we NOD On hand $40 90 w. III trndrrs which !
with thu form ~ rrturp, enabled us loc Cop ali
( Ion xrtIt that m aie o. tn stock The
mayor of Dallas didn' oxigyera.c 81 much AZ.
ter al when, IN recenl spcerh. M Gas ch OF
his city MS having new oauk omen Il " y
week Tie eucour cement which 7 KS Offers
10 anancisl oper ions lustnpw IL IN thiua ,x-
tr4ordinsIy IL may not b, .'ermanont how.
ever. Legislators took II into their ueads hat
tie toxin % we q maxi x moucq to 'gs', and
they put u sudden nd 10 he era ~ frao grass.
The b.ukers una have ompre..iol asp led ~
thsi dividends b. the mex x neal assembly Of
the STATE.