The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1891-12-18
CASH balance available

CASH balance available
June 90 lsJ2........ ....... 1'a, rs 1853
with re erence to the circulation the re-
port says: The stringency in the money
market during the summer and autumn of
fsSO was relieved by the prompt aud effective
measures of my predecessor, and happily
disappeared without producing the grave
consequences which were feared by the pub
lie; but its existence, and the widespread
apprehension which il caused, induced a
vival of the erroneous idea that the volume
of money in circulation was not only made
quate TO the needs of the country. but was
very much less per capita than during the
so-ealled flush times which followed the
civil war.
''The circulation statement which has
been published by the department. monthly
since April l. 1857, contains in tabular form
full information on this subject for the dates
specified, and has proved to be valuable
addition TO the regular reports of the de-
partment; but in the absence of statements
in the same form for the preceding years
comparison by the people has been imprac-
ticabIe, and the mistaken opinion that there
has been a sewers contraction of the money
volume found ready acceptance. This fact
became apparent through letters which
were received from all sections OF the coun-
try, and more complete Information on
the subject was accordingly published by
means of a statement which was printed in
August last and has been sent by
mail TO those who ask for it. The
tables therein published appear in
their appropriate place in this report and
are reproduced without change, except as 10
the table for July l. 1891, which displays the
revise figures for that date, including bull
lion in the treasury. BY the revision of
these figures the amount of money per
capita July l. 1891, has been found to be S23 Il
Instead of s2s4
The amount OF money in circulation has
OF the fiscal year The amount July /, 1891,
was i,4g7, 4i07t7 and the amount per capita
was S.34L The return of gold to the United
States, the operation of the silver act OF
July IL, 1880, IId disbursements by the treas
ury on account OF the Az per cent loan
pensions, etc, have enlarged the volume to
SIS 7,z1AO70 aud the per capita amount to
Sk4 IS
The value OF the gold deposited at the
minis and as az III during the fiscal
yea 1871 was S59,f25G 7s. ~, OF which S4S. is3-
~ were orgina. deposits and 81, I36 S77.26
were redepcsits OF the original deposits
$sl.5-5 lis s. were the product of our own
mines, >I2, 81, 1856 foreign coin ami bullion |
1854 sI7 Il light weight domestic gold coin |
and ,'is5, 7lO.Ii old material The deposits |
and purch Uses OF silver aggregated lisa!
6is.. standard ounces, of the coming value |
of $50 U,l,4 81, including 1907 ~ 81 stand |
ard ounces. of the coming value of 81 64i.
l5S 81 Tedeposils
Of the silver received sc. %, 95.I9 standard |
ounces. of the coming value OF ;55, OS 9Ss o. |
were classified as OF domestic product; 4. |
lSi,234 81 Standard ounce, of tue coming |
value of 81 S3i 0S3 81, were foreign silver bull
lion and coin; 7d5. 2is.s: standard ounces. Of |
the CO ming value of $S5n.6 $ g. were incur |
rent domestic coins, 3. PSF standard ounces, !
of the co ming value S.7>O a. were trade |
dollars, ana 7lS. ~ o. standard ounces of the |
coming value of $Sls,5l>lI, consisted of old |
plate. .welry. etc.
The coinage OF the minis during the year |
was the largest in the history OF the mint in |
IN country, aggrega;ing lIs,iI7,Sl7 pieces |
valued follows:
Cold, s24lI.2IL5O, silver dollars sa6. 232. SOP;
subsidiary silver, s2.OSg. Is minor coins. |
SL.I66,93i5n Total, s63,6III=9s5.
The number o. silver dollars coined du-
ring the fiscal year from bullion purchased |
under the act of 1873 was s74u e; from
bullion purchased under the act July u, 1897,
27.2S2,i75: AMI from trade dollar balloon 200,
90 a total of ei,231,si2 silver dollars, upon
which the segniorage, or profit was, S6.21i,-
Sss ~ The profit the subsidiary siIver
coinage OF the year was $50 4S4ls q total
seigniorage of s6,ais. $3.50 The net profit |
on the coinage of silver during the thirteen
years ended June 81, lSil. including the bal
aace in the coinage minis on July l. ISIS
has aggreg ated S7I,gJs 800 IS
The total amount of silver purchased under
the act of July Il, 1880. from August IL, 1890,
20 November !, 1891, was 66.5ss. SO line Gun
ccs, costing Sc, $40, j65 an average cost OF |
SIS per fine ounce.
In referring to national banks the report |
says: The last report of condition ex-
hibits the liabilities ard resources of the
banks on September 25. 1881. At that i ate g.
81 associations reported an aggregate CAPT
tai OF 50, ,4sS.s70; surplus S2g7. 57e IS5; and
undivided profits, SOB 2sLs7L The gross de-
posts, Including amounts due to banks, are
stated at s2.O;g ls0l~s Il, and loans and dis
Codn;s at Sl.sSs 5ii. zss, an increase in both
items over ans previous date Thee banks
held 1880 $50 in United states bonds. of |
which S!Sl'S Ga were TO secure circulating
notes, also iss.5l',U5i in specie. Ss7,6.5.61S in
legal tender notes, an IS, 72u.Otl in United
STATES certificates OF Deposit
rhe receipts from customs for the year
fnded September 30, 1881. during the last six
months o. which sugar was free. were $685.
.76,S54S0. as against IS, So Il for the pre-
'edins year. decrease of 42,5J5.g7lIi
During the twelve months ended Septen-
Der 81 the value OF our exports of merchau-
disc was s2s.0 lS6, as against sS59. IT7II5 for
the previous twelve months an increase of
IS SI4,oI.
Under the operations of the new tariff the
customs revenue has been decreased as far
as is consistent with the current needs of
the government. BY the resdiustment of
duties an the line of protection to American
labor and Am rican industries, the free list | {
l.,
which from Climatic or other conditions
are not produced probably nor ex-
tensiVely in this country adequate
pro ective duties have been imposed ,
upon articles that come into competition
with our own productions; new Industries
have been established and Others stimulated,
thereby giving Increased employment to
American labor, and better control of our
lone market to our own people; and the :
price of nearly every article of common
has been reduced TO the con- {
ermer
A comparison of the prices OF goods i'm
ported respectively under the old and new
tariffs where rates have been increased will {
demonstrate that the tariff is a tax upon the q
foreign competitor in our markets in the /,
sale of such articles as are extensively pro.
dueed here. and that the duties are in fact i
thus deducted from the foreign market [
value, and are paid by the foreigner as a I
tax for the privilege of selling his goods :,
here at prices fixed by our own people com
pet ng among themselves in their own mar U
ket V
Legislation is recommended as follows: a
First, the Increase OF the permanent appro-
priation for the expense of collecting the
revenue from customs; second, the compen- A