Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1893-12-07


I'll conduct of its offic
The extradition treaty with Russia -igued in
March 1-S7 and amen led and confirmed by the
senate in February last was duly proclaimed
last June
1t is. hardly necessary for me to state that
the ques tions arising from our relati MS wi h
Hawaii have caused serious embarrassing Mt
just prior the installation of the pres
ent administration the existing govern
ment of Hawaii had been suddenly overthrow
and treaty of annexation had been negotiated
between the provisional government of the
island and tn United StsteS and submit ted to
the senate for ratification his treaty I with
drew for mi alton d dispatched Hon
James A Blount, of Georgia, 10 Honolulu as
special commi sion 70 make impartial IN
yesiigation of the circumstances attending the
change of government and of ali the conditions
bearing tn subject OF the treaty After
a thorough and exhaustive examination Mr..
Blount submit to his report
showing beyond all question that the
consti utional government of Hawaii had
been suoverted with the active aid of
our representatives to that vernment and
through the Intimidation caused by he pres
ence of an armed naval force of the United
Seates which landed for that purpose az
the instance of our minister. Upon The facts
developed it seemed to me the only honorable
course for our government to pursue was TO
undo the wrong that had been done by those
representing US and TO restore as far as prac-
ticable the status existing at The time of our
forcibie intervention With view OF accom-
lmi OF executive power. and reco9nizing
all our Obligations AMI RESPONSIBILITIES grow
ing out of any change of conditions,
brought about unjustifi able interference
our present minister a Honolulu b IS received
appropriate instructions to th,t end Thus
Information of the accomplishment Of
anv definite result has been received from him
Additional adViceS are soon expected. When
received they will promptly be sent to cOngreSS
together with all other information at hand,
accompanied by a special executive message
fully detailing all the facts necessary COM
pete under landing of the clse and pres anting
history of all material, events leading up
to The present situa ion.
The Treasury.
The secretary of the treasury reports that
the receipts of the government from all sources
during the fiscal year ended June 81 1913,
amounted to S46l II j. 55l.9i and lis expenditures
to Si59 .74.67i 29 There was collected from
customs S,95, 3'50l675 and from in ernal reve-
nue. Sl6i,0 Z. % 93 Our dutiable imports
amounted TO 1921 SO I'll increase of 7, 45s,
81 over the preceding year, and impnrtations
free of duty amounting to 4If, 'Ii,2il de-
crease from the preceding year of 81 A u, All.
Internal revenue receipts exceeded those of The
preceding year by S7,1i7, 3
The total collected or distilled spirits
was S94, 260. 81: on manufactured tobacco,
S3l, ,ss9,7lL7i. and on fermented liquors 532,
54s,9S307 We exported merchandise during
the wear amounting to sSi7. "a 1874, decrease
OF ls2.6f29 9@4 from the preceding year. The
previous year in the history of the government
amounting to SIUS. 68l 8i4, and exceeding the
amount exported during the prece ling ye u by
S5s. iSo,5l7. The sum paid from the treasury
for sugar bounty was So, 81, Is S3 an increase
over the preceding year of ,O3 1888 J9
1t is estimated upon the basis of present
revenue laws that the receipts of the COVE n
ment for the year ending June 81, 1894 will be
S43 ,12l,365 q and its expenditures Si'S 12l,
365 80, resulting in a deficiency Of q, 90. s0J
On the fst day of November, 1S9 the amount
of monev of all kinds in circulation or not in
c1uded in treasury holdings was 1,7iS, 54f 6S2,
an increase for the year of &li24 4 941. Esti-
mating our population at 81, AZ 'O0J at the time
mentioned. the per capita circulation was S 40
On the same date there was in the treasury
gold bullion amounting to S95,657, 73, and silver
bullion which was purchased at cost of S126
26l,5 g.
Tho purchase of silver under the law of July
H. iS9', during he last fiscal year, aggregated
$40 8. 62 a9 fine cunces which COS, Si55 1,
"7453 The total amount of silver p rchaSed
from the time that law came operative until
the repeal of its purchasing clause IN the Is
day of November IL 3, 16{ GA 80 Is fine
ounces, Which Cost 3l53 g jD94J 81 Between the
Ist dav of March. 9, a d the lst day of
November 1897, the government purchased un
der al laws 5}',0i3,71i tne ounces of iver at
cost of S,166 6 29i5 The 5 lvar dollars that have
been coined under the Get of Jul II, i50 num-
Der sc, US., . The Seicui0rage ariSiar from
such coinage 8 8 5 50. leaving on hand
in the N nts Il $50 s. tine of silver
which cost $l:6,71o2lS
Our total coinage of ali metals during tue
last fiscal year consisted If 99., PTS niece
valued at 81 .5S ,l97 < Of whi b theg vas 3d.
3SH in gold coin, : ,3l3, 10 in silver dollars
, - in subsdi r silver coin ..nd 81. -
10 81 in minor CONS. During the end r year
1-92 the production Of precious metals in the
United States was estimated 10 be I.9j - line
ounces Of gold of The comm srciai ald oinage
valu~ Of a,"0D U and s. t0fJ fine ounces of
silver OF he bullion InafHet value OF 10. .50
CO.. and of the coinage value of - o.
1t is estimated tha: Oh tn first day of July
50 the me allie stock of Inonev in the United
States, ccnsis ting of coin aud bullion amounted
to S1,21S 5'3, 1e9 Of which 81 597, ,6S5 gold
and 6l5 So iSi was silver.
One hundred and nineteen ional banks
We're organized during the year ending, o ctober
81, 1873, with capital of III, o, 10, fort six
went into volun airy liquidation nd 1873 sus-
! pended- Sixty i've of th2 susp nded banks
| were insolveui egh y six resum ii business,
and seven remain the hands OF bank eX-
amiuers with prospects of SPEEDY resumptio
/ OF the new banks organized "A wers located
in the eastern states IL west of tn NJ ssissippi
river and "A i'll the central and sou hern states
/ The total number of banks in existence the
91st day of October. ie9', was 3,59;, having an
! aggregate capital of s695,55 .12l III, net in.
| crease in the circulation of these banks during
| the year s3i -Si,S72 The recent repeal of
! the provision Of law requiring the purchase of
silver bullion by the 0vernment aS a feature
i of our monetary scheme has made entire
change in the cCmDleXion of our currency af-
fairs 1 do lot doubt that the ul innate result
of this action will be most salutary ami far
reaching.
In the nature of things however, it is impos
! sible 20 know this time precisely what c ndi-
tionS will be brought about By the change, or
! what. If any, sup Elementary legislation may
in the light of such con iitionS appear to be es-
sential expedi Mt OF course, after the re-
cent financial perturbation tim is necessary
for the Stablishna Mt of business confidence.
When. however, through this restored conf
nee, the money which has been frightened
into boarding laces is returned to trade and
enterprise, surve of the situation will
prob bly, disclose 'fe ia h leading To
q perm inentl sound currency abuudantly
sufficient to meet every requirement OF in
creasing populstio an business In the pur-
suit of this Obi CT should resolutely turn
away from ailnring aud temporar ex-
pedients, de eruaiaed to be conteu ed with
nothing less thal q lasting and com
prehensive financial plan In these cir
cumstances am convinced that u reasona be
delay in dealing with the ject. instead OF
being injurious, will increase the probability OF
wise action
desire tc earnestl suggest the wisdom
Amending the existing statutes III r gard to
the issuance of government bonds
The authority now vested in the secre ary OF
the trea to issue bonds is not as clear as IL
should be an1 the bonds uthorized are disad
vantageous TO the gov rnm n both as TO the
time of maIuri and rate of interest
int