The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-02-17
FIN ANOE AND COTTON
FINANCIAL.

TiIH following list OF tho public banking ts'
Adjustments In the city OF Mexico, WIN their
extensions In the u e., will give some idea OF
the movement ut this dvo aud the character OF
the factors OF the nav ,u'Tcncy' .
The National Monte de Pic al was Founded
In l,75 by senor Don Pedro Romero de Toire'
ros, count OF Riga, who. ~ mn nc, oi chnri,y.
donated $50, 900 TO establish pawnhfokins de-
posit0ry unaer the ausplos. OF tho goyernm'nt.
10 assist needy rcoplc nnd trade'inen IN lines
OF temporary embarrassment by lending money
on liberal terms aud VI reasonable rate
of interest on deposits of movable articles.
tewolry, plate, merch ,ndiso. aud other valu-
ables and thus indircctlyt protect pub 10
against tho ruinous exacuols OF usurers This
esiabiishment has, rs II appears, been Always
managed with the most terupuloua Integrity
aud the mot exemplary iluicncc, aud aityr
having iulnllod It's missoa oi hensheenee, with:
out devia,ing 20 any extent from the original
plan OF It's fouudor for on hundred and i've
years NJ length, In 1850, with an available cap'-
tai OF s1,00gu0O. and crcdii tha was unlm-
peae liable It's directors detemin 70 increase
It's capaciio for use ulnes' ~ adding g. It's
usual aud ~, Cinl bu'iness the operations of
u ba king establish cnL TIN history and
dc allied account OF the operations of this inter.
ssting institution may be made tho subject OF
iuture report, but az present Il VIII Only be
necessary TO not co such Of It's extended fclli-
ties a. rcIste 10 the subject e ths report IN,
der is new charter the mo 10 de Plcdat
Is n'hoized TO is,uen les OF oire llatOn called
cerilicates) OF denominations OF one, Eve ten.
twenty, ffty, one hundred, five hundred and
one Thousand uOilulf in'tt iNfH arc DuiN
issued at the principa or mother bank, and arc
redeemablc there or at any of thu branches In
silver coin. They are also rec ivnble for all
federal taxes and duties, rs 70. ~ local inn
posts In the federal district aud In the
States of Puehla, OnXsca, QIetct 20 San Luis
Potosi, Guanajuato Vera Crl2. MoXlCo. Z,cate
cas-, aud durango The amount OF his or
IN circulation ~ this dae Is not known. rs no
reports are published The Monte dc Piedad'
has Q ght branches Ia the city Of MY &c, Rad
has recently estsb ished branches 81 tho cities
of Puebla, Queret.ro. oaxeca, aud SAP Lula Po-
tosi.
The bank OF London, Mexico. aud sonth
America Ia next IN CHI onoog cal orisr, having
been O ,tablisnc' ?, rs previously STATED In 1854.
Its principal ofle' Is IN LOndog. with another
branch In Lima, Peru, and having vatiDus agen
cies elsewhere. II has 4 capita 81 ten millinss
aud Is not chartered. havlng been establish d
at time when there were no ank
lug laws In Meal o. 1t has issued notes Of cir
cuiaian OF denominations rom 80 10 81 0ol, ~
previously described since 1865. Since 1881 Il
has increased iis paper circulation and added
nou $ OF s5t1 the denominations above men
toned. Its present paper circulation is esti-
mated at abont three milliOls. The notes OF
this b NIX are no. received Tor govern nout dues
The ''Banc, Mercantile Mexicano" was estlb
lished October 6h, 1851 with ipital OF 81 00O,-
COO n issues notes of dsnomiuat ons rom 81
to SO o und MS paper clrcu alton OF ab0u
100000. IT. not 8 are not receivable Tor gov
etnment dues There are bran hes Of On e MGR
can lie bank established IN the cities o ( Pueblo
Vera Cruz and san Luis fot0I
DALLAS NxcH NN0E AND SILVER.