Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1879-12-12

the establishment OF the system is, for The first
time, gwen IN the report, and VIII serve to correct
the impression which has 10 some extent prevail
ed, that too great portion Of the assets of ch
bsnks hae been expended IN the settlcm ent Of
their affairs. Tables are also gwen, show ng the
loss to depos tors, and also other creditors
through tho insolvency Of national banks, and
these losses arc compared with similar losses IN
CURED by the cfdttOra of nsolvcnt banks other
than national, and the comparison " exceedingly
favorable 70 the national System. The rcuat on
Of the banks, which, SINCE the passage II he ACT
ofJan, IA, ISIS, has largely decreased, l. now =
crcas NJ It's aggregate amount show ny thar
the system responds promptly TO the varying &c
quirements Of business. The advantages Of this
system OYER any system OF banks hitherto dcy scd
|. are That Their circulating notes ate secured be.
yond peradycnture ol loss, they are of IN yrr-u
cred I'm the country wherever issued; they are
more perfectly protected nom cOunicrfe ny
they equal exchanges between slant parts Of The
country they are promptly redeemed on demand
nj one common places the banks are subject 10 Q
sire ana giant surveillance by independent Of
lCers Of the government; Their cond On Is fire.
qucntly made known 10 the publ c, and they con
uibutc very large percentage Of theiTprofts in
th way Of taxes. system Of banking that
nficr an existence 0i sixteen OF years, through
periods Of great imitation and great depression,
haH produced such results, may fairly appeal for
the confidence and support OF congress-
RICE.
The total importation Of rice during the last ls
cal year amounted TO 'h,slig2j pounds. OF this
quantity 5g,d3-, 81 pounds were imported into
China, a large part Of which was undoubtedly con
Gumed by the Chinese on the Pacific coast, VINO
nrc not citizens Of the United States, and who
have no intention Of becoming such. The article
VIII bear higher rate Of duty than now mpuscn
by law, without materially exchanging The cost Of
living 10 the general consumer
INTERNAL REVENUE.
Tho receipts from the several sources of taxation
under the internal revenue laws for the fiscal year
ending june 10, 1919, were Us follows:
From ......................S h2,5T1 29i GO
From tobacco. Observation-Disclosures. 4u,135,UU2 u
From icrmentcd liquors. 10, i29,3D 10
From banks and bankcrs.... ..... 3,lgi,ss3 t9
From penalties, etc........ ANN. 27g,6H 40
From adhesive stamps. .8...... ..,. G,7,6,38d "
From arrears of taxes under repeal
ed "..,...........,..,.... 209,095 90
Totnl.... .......,= s.............s1 l3sls,46d 81
EXPLOITS AND IMPORTS.
The exports and imports Of The United States
during the last fiscal year Hre as follows:
Exports on domestic merchandise. So s,S4n,7M
Exports on foreign merchandise,..... 12,UJ8,G5l
Totnl .,... ....,..............S $40. 43a,dAl
Imports ofncwhnndse,... ........ 4i5,7,7,,7s
Excess Of exports over importe..... 1884, IL $50
Compared with the previous year, the imports
nrr greater by S8,92G2t], aud the exports by ,15.
5,3,B,5 The annual average % the excess Of such
imports oyer exports for the ten years ending
june 10, 1913, IL tt4I0d,o!2, but during the last
four years there has been an excess Of exports
over imports, IN follows:
~ isa,'''''., ..''''.''''''''''''' ~, 1870
IN lhlo 25GSl 23l
In ACKNOWLEDGEMENTS. s6f,Bbl,G6
The total gold yalne of exports Of domestic
merchandise from the United States Inns incIenB-
cd from f.7b, ,69i In 1869 to SGB30,7al In lB7D,
an Increase oi l5d per cent Win one or two nm
important exceptions, the United States stands
al me among the commercial nntlunHin having an
al q imuUftH merchandise.