Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-12-05

| House OF Representatives on the 81 Oh
/ April following the President was re-
/ auested ito invite, from time TO time hs
az occasion may arise, negotiations WIN
any government with which the Unl,ed
/ States has or may have diplomatic rela-
/ lions. to the end that any differences OF
disputes arising between the two govern
( ments which cannot be adjusted by diplo-
matte agency may be referred 10 aroltfh-
ton. and be peaceably adjusted by such
means"
April IS. 1890. the international Ameri-
can Conference, OF Washington, by reso-
lutlons. expressed the wish that the con
troversles between the republics OF AMER
! ca and the nations OF Europe might De
settled by arbitration, and recommehueu
/ that the government OF each nation re-
presented In that conference should com
nunicate this wish to all friendly powers;
/ A favorable response has been receiver
from Great Britain In the shape OF q re go
luton adopted by Parliament July lolh
! last. cordially sympathizing with the pur-
pose in view. and expressing the hope tnat
! Her Matesty's government VIII lena reauy
! co-operation TO the Government OF the
| United States upon the basis OF the con-
current resolution above quoted.
IL affords me signal pleasure 10 lay liliS
I Parliamentary resolution before the Ia
| gress and to express my sincere Bra'lH-
| cation that the sentiment OF two great
/ and kindred nations Is thus authonta,
fivelv manifested IN favor OF the ratlonal
/ and peaceable settlement OF internatoAai
ouarrels by honorable resort 10 arbitrd-
ton.
RANK OF ENJOYS.
Since the massage Of the act OF March
2. fGl3 authorizing the President to raise
the grade Of our ENJOYS 70 correspond
with the rank which foreign countries ac-
cord their agents here. Great Britiu'
[ France. Italv and Germany have con
ferred upon their representatives al TINS
| capital tho title of ambassador and nave
I responded bv according the agents OF the
I United states in those countries the same
titles
A like elevation OF mission IS announced
I by Russia and when made. II VIII ue
similarly met This step httlnRiy oo
/ ports with the position the United states
hold I'm the family Of nations.
THE CONSULAR SERVICE.
During my former administration took
occasion to recommend a recast OF tne
Avs relating 10 the consular service in
order that il might become a more en-
| Gent agency I'm the promotion OF me
interests IL was intended 10 subserVe. Inc
duties and powers Of consuls have beel
expanded with the growing requirements
OF our foreign trade. e..,,,,
our commerce and American citlzthS
abroad. and in certain countries eNer-
cising judicial functions. these oihcerS
sbould b, men Of character, intelligence
and ability. .-...,,,,
COPYRIGHT.
1-ror proof that the legislation Of Den
mark secures copyright 10 American clu-
zcns ON equal footing with ITS own lhe
privileges Of our copyricht-laws nave PEE.
extended by proclamation to SUBJECTS oi
that country.
GOVERNMENT RECEIPTS.
Tho Secretary Of the Treasury reports
that the receipts Of the government rom
All sources during tho fiscal year emu
June 80 1898. amounted 10 %ioi,, io,,,l''',
and its eypenditures to $H9.346i.29. Ihrr'
y,os collected from customs S2oj3do, Olo- -
and from internal revenue $lolo2Ib-5.9'
our dutiable imports amounted to SiZl'-
e-s III an increase Of So. iJ3,.Ol over the
preceding year. and the importatohs ire
NJ duty amounted TO $HiSH2il, a de-
crease from the preceding year OF }l''-
45Jii7. 1901,
The internal revenue receipts eXceei
those Of the preceding year by S"lf"4t Do
The total tax collected on distilled splills
was sol 700 200. -: on manufactured tobacco
s9I. $50. INA and on fermented liquors
So. 5iS,9S.0L l.
EXPORTS.
We exported merchandise during the
wear amounting to <Si7GG519i a decrease
of ylS26l2.g54 from the preceding year.
The amount OF gold exported was
larger than in any previous year IN the
history Of the government amounting 10
Sos. GS0S4. and exceeding the amount eN-
ported during the preceding year by
SUGAR BOUNTY.
The sum paid from the Treasury for
sugar bounty was $9&i5.l3jsS an increase
over the preceding year Of $2,8'Ws.V3'
ESTIMATED DEFICIENCY.
II IS estimated upon the basis OF the
nrcsent revenue laws that the receipts of
the Government for the year ending June
90. 1891 will be- Si3o,12l ,3G5.3S, and its eX-
penditurcs SIS 121 .3G53S resulting in a de-
hciency OF $2s.O00JO.
CURRENCY CIRCULATION.
on the 1st day Of November, 1893, the
amount Of money Of all kinds in chcula-
ton. or not included in Treasury holdings
was SL7lS.5liGS2, an increase for the year
Of S11240i.gi7. Estimating our population
at G.. $4,000 at the time mentioned the per
capita circulation was $25i9
on the same date there was in the
Treasury gold bullion amounting to go
G57. 973. and silver bullion which was pur-
chased at a cost Of $l262jl,3t'
PURCHASES OF SILVER.
The purchase Of silver under the law
OF Julv Il. 1900 during the last fiscal year
aggregatts, LO03. lG2 % fine ounces, which
cost $l55}l.37i53 The total amount OF
silver purchased from the time the law
became operative until the repeal of its
purchasing clause, on the lst day OF NO
vcmber 1893 was 1GS 61i.5JJiG fine ounces,
which cost $l55 93o,9i0A
Between the 1st day Of March and the
LIST day of November, 1898. the government
purchased under al LAYS. J03,00317 fine
ounces OF silver. at a cost Of $Jl5622,siS
The silver dollars that have been coined
under the act Of July. II. 1890 number
3G0S7.2Sj The seisniorage arising from
such coinage was $5,91L09S39, leaving on
hand I'm the mints 140.GG,760 fine ounces
Of silver, which cost fl2G.IS,2lS.
THE COINAGE.
our total coinage Of all metals during
the last fiscal year consisted OF 1,2Sl,ST
pieces. valued at $BG5.l7S.@, OF which
there was S3O03Sll0 in gold coin, $780,
I'm silver dollars. S.2l72-0.9O in subsidiary
silver coin. and 5l0s6102.9O in minor coins
During the calendar year 1892 the produc
ton of precious metals In the United
states was estimated to be l.596.31j fine
! ounces OF Apl'lf ti tlif N'iiiitt' q 'ft fttA.
coinage value Of 100000. and 5StO)oj
fine ounces Of silver. OF the bullion or mar
ket value Of $50 10000 and Of the conag
value Of $H9,9eo0.
II Is estimated that on the first day OF
July. 1888. the metallic stock Of money ir
the United States. consisting Of coin an
bullion. amounted to Sl.2l259.l63. Of Whicf
/ S593 eg7.6s5 was god, and S6l5.SCl,iSi was
+ silver.
NATIONAL BANKS.
one hundred and nineteen national bank
e were organized during the year ending
z october 81. 1898. with a capital of SLIGO
coo Forty-s,X went into voluntary liqui
dation and 1873 suspended. SiXty-fiye OF Tho
suspended banks were iEsoivent. eighty
six resumed business. and seven remain
e in the hands Of bank examiners. will
prospects OF speedy resumption.
8 OF the new banks organized fOrty-foul
were located In the Eastern states, forty
\ one west Of the Mississippi river ans
1 thirty-four in the Central and Southern
y states. The total number OF nationa
- banks in existence on the 3lst OF October
G 1898. WAS 3. 49, having an aggregate CAPT
- tel of S6e5.5jS l20. The net Increase In th'
+. circulation of these banks during the yea
. was SO SSs972.
I. SIIVER-PURCHASE REPEAL.
The recent repeal of the provision o
law requiring the purchase OF silver bul
, lion by the government as feature o