The herald., 1895-05-07
The Law Making Certain Cur
renCies Taxable
NO ADULTERATION IN OURS
An Undoubted DiminuiiOn of Beef CattI:
in the East
The Anomalous Condition of the Orange Crop,
ACKNOWLEDGEMENTS Friends In
New fieId-.-Prices naintained

A number Of enquiries have reached The
Herald regarding the law passed by con-
gress making certain currencies subJect
to state taxation. In reply the text OF
the act is here given:
BE it enacted by the Senate and House
of Representatives of the United States
of America in Congress assembled, lhat
circulating notes of national banking as
sociations and United States legal tender
notes and other notes and certificates OF
the United States. payable on demand
and circulating or intended to circulate
as currency. and gold, silver or other
coin shall be subject to taxation as money
ON hand or on deposit under the laws of
anv state or territory: Provided, that
any such taxation shall be exercised in
the same manner and at the same rate
that any such state or territory shall TAX
money or currency circulating as money
within its juri sdction. Section =. That
the provisions of this act shall not be
deem ell or held to change existing laws
in respect of the taxation of national
banking associations
4 4 =
Mr.. Arpad Haraszthy of San Francisco
is at issue with tie New York Sun in re-
gard to the statement that adulterated
wines are being shipped East from Cali
fotnia." Mr.. Haraszthy states grape
sugar is cheaper than sugar and water, or
spirits and water 3 to 10 cents per gal
Ion. and he claims any adulteration wonld
a solutely add to the cost OF the wine.
Mr.. Charles Carpy, president OF the Cali
fornia Wine Association. denounced the
statement of the Sun as malicious.
(, 4 =
The "beef famine question continues
to absorb the attention of many in the
cast, and. as almost every one knows, is
being made .he subject OF government in
vestigation. Many maintain that the in
crease in the price of beef in the East
during the past three or four months has
been the result of combine among the
Big Four" of Chicago and is wholly un-
warranted. while others very stubbornly
urge that the prices are naturally follow
ing closely and exactly the laws of sup
ply and demand. In this connection Mr.
Solomon has reported to the secretary of
state that there is an undoubted diminu-
ton of the class OF cattle from which the
beef supply is drawn. Taking the figures OF
the statistical division, which he believes
to be approximately correct, and exclud-
ing dairy cows, there were in 1892 81, 651, :
239 head of cattle in the United States, or
576 to each 1000 of population.
"a In 1895 there are only "a. 1854, PIG such
cattle, or 493 to 1000 population. This
shows a great diminution in the beef cat
tle of the country and also that the in
creased prices of such cattle in the stock
yards are legitimate. Under such Cir
cumstances the market should be strong
and the cattle readily disposed of at ad-
vanced figures. instead of being weak and
depressed, as it is constantly reported to
be.
4 4 =
There is nothing new to report in the
citrus fruit industry. Prices are fully
maintained and the inquiry continues
good. The past season has been an anom-
alous one The middle west. that hith-
erto has been our best customer has not
been buying, because of the hard times
prevailing in that region, while the east
that never before saw navel oranges in
quantity, owing to the Florida misfor-
tunes, has taken all that we had to Offer
The result is that the navel orange has
made new friends in new field, and the
probability is that. owing to its general
excellence and many recommendations,
it will always in the future find ready
sale in the territory east of Buffalo.