The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1893-12-09


ratification. This treaty Withdrew 1or exam ..
fnation, and dispatched Hon. James Il. Blonnt,of
Georgia, to Honolulu as . special comm1sslon n
10 make an impartial investigation OF the cir
Gums tances attending the change OF govern
ment, and OF all the conditions bearing upon the
subject Of the treaty. After 2 thorough ana ex'
halistiye examina ton Mr. Blount submitted TO
me his report showing beyond all question
that the Constitutional government OF Hawaii
had been subverted with the active AID OF our
the Intimidation caused by the presence 81 an
armed naval force OF the United States which
was landed for that purpose ct the IN
developed il seemed 70 me the only honorable
course for our government to pursue was to
undo the wrong that had been Gone by those
ti I the status existing At the time Of our
fors .Dle intervention. With 9 view Of accom-.
plishing this result within the constitutional
our obligations and responsibilities growing
out OF any changed eOnd1 tiOns brought Dy our
unjustihable interference, our present minister
at Honolulu has received appropriate 1nstruc-
tiOns to that end. BE
A Special Message Forthcoming.
Thus far no information Of the accomplish.
sment of any definite results has been received
from him Additional advices , are re soon e1,
sent to the congress, together with al other IN.
formation at hand, accompanied by special
executive message fully detailing al the facts
necessary to complete understanding OF me
case, and presenting d history of all the materi-
81 events leading up TO the present situation.
Favorable to Arbitration.
BY concurrent resolution, passed by the
senate February H. lss4 ana 9y me mouse th o.
president was reques ted to Invite from time to
time, as tit occasions may arise, negotlationS
with any government with Wnlen the u o.;1.
to the end that any differences or dis
pues arising between the two govern
ments which cannot be adlus ted ny dipio-
hkAr f1rr n
and be peaceably adjusted by such means"
April u. 1899, the international American con-
ference OF Washington Dy resolution expressed
the wish that all controversies between the re-
spublics of America and the nations OF Europe
might be settled by arbitration, and recon.
mended that the government OF each nation
represented in that conference should commu.
niCate this wish to all friendly powers
A favorable response has been received from
Great Britain in the shape OF resolution
adopted in parliament July 16 last cordially
,sympathizing with the purpose In view, and o.
pressing the hope that her malesty.s govern
ment will lend ready cooperation TO the govern
concurrent resolution above quoted 1t affords
me signal pleasure TO lay tn.s parlfamen tary
resolution before the congress, ard to express
my sincere qualification that the sentiment of
two great and kindred nations is thus authori-
tattvely manifest in favor Of The rationaland
peaceable settlement OF international quarrels
by honorable resort to arbitration.
z@ Financial Statement
The secretary of the treasury reports that
the receipts of the government from all sources
during the fiscal year ending June 3t 1893.
amounted to S46i 7l6. 561 "a and its expenditures
TO s459, 374, 67429 There was collected from
customs a2J5, 355 Ul6 70 and from internal rev
enue x161, O27, 623 90 Our dutiable imports
amounted to s42l. I'll an increase OF sbz 43,-
9O7 over the preceding year, and impOrtal iOns
free of duty amounted to S444. 544,2ll, decrease
from the preceding year of S13, 455, Al. Internal
revenue receipts exceeded those OF the preced-
The total tax collected on distilled spirits
was s94, tx, $50 s.; on manufactured tobacco,
S3l. S89 7ll.74 and on fcrmented liquor, 3S54a.
98aN. We exported merchandise during the
year amounting to S847, 665, 1874, a decrease OF
1882 6l2954 from the preceding year. The
amount of gold exported was larger than any
amounting to s1O8 68O,844, and exceeding the
amount exported during the preceding year by
S58, 4s5,5l7.
bounty was t9, S75, 100 S8. an increase over the
preceding year OF 2,O33, O53 %.
Estimates.
1t is estimated upon the basis Of present rev.
enue laws that the receipts of the government
for the year ending June 30, 1894, will be sA3o,
!2l &c aud it's expenditures 1853 12l re-
sulting in deficiency OF a2s,ooo.ooo
Our Circulation.
On the first day of November, 1893 the
amount Of money Of all kinds in circulation, or
not included in treasury holdings, was 81 lib 544.
682 an increase for the year OF Viz, 1919 Es-
timating our population at 81, 426 900 at the time
mentioned the per capita circulation was S25 49,
On the same date there was IN the treasury
gold bullion amounting to 500 657, 273 and silver
bullion which was purchased at cost OF sl26-
Silver Bullion Purchases.
The purchases of silver under the law OF July
IA, 1890, during the last fiscal year, aggregated
$54 Dos. 50 fine ounces, which cost S45, 5S1,
37A53. The to tai amount. of silver purchased
from the time that tax became operative until
the repeal of it's purchasing clause on the 1st
a ssS q fine ounces which S5 s soss
94O84. Between the LIST day OF March,
1873 and the LIST day of November, 1923
OOS7l7 fine ounces of silver at cost OF s516, 622
948 The silver dollars that have been coined
under the act of July Il, 1890, number 36OS7. sS5
Sa977O6S.s 50. leaving on hand in the minis l4o-
ee9,76O fine ounces OF silver whtchcost Al q 7oa
q Coinage Statistics.
Our total coinage of all metals during the last
fiscal year consisted of 9728o 875 pieces, valued
at $685. 17a 80. of which there was $50 OBS lao in
gold coin. S. 343 rs in silver dollars go 30
In subsidiary silver coins and 81, OS6, 1920 in
minor coins During the calendar year 1892
the production OF precious metals in the United
States was estimated to be 1863 fine
ounces of gold OF the commercial and coinage
value of s3S O}O and SIS OO0 QUO mine ounces Of
silver of the bullion or market value OF $50
10000 and of the coinage value OF E4 9S9, 800
1t is estimated that on the LIST day. OF July,
1893 the metallic stock of money in the United
States, consisting OF coin and bullion. amounted
to ii ,213 559 1852 OF which dO91, 697, 06o was ROlo
and $6l5, 1851 49, was silver.
5. New and Suspended Banks.
u One hundred and nineteen national banks
were organized during the year ending October
81, 1893, with u capital Of sl1, 100000 Forty-six
went. into voluntary liquidation and 1853 sus-
pended. Sixty five of the suspended banks
were tnsolvent, eighry-si resumed business
and seven remained in the hands Of bank ex-
iaminers. with prospects Of speedy resumption.
s. OF the new. banks organized for four were
located in the eastern states. forty-one west OF
the Mississippi river and thirty four in the
central and southern states The total number
Of national banks in existence on the slst day Of
October, 1893. wSs 3,s93. having an aggregate
capital Of e6o5 $50, 100 Net increase in the cir
culation Of these banks during the year was
t988S5.972 5,s s, ss
Repeat Of the silver Purchasing Clause.
The recent repeal of the provisions Of Law
requiring the purchase Of silver bullion by the
governments as . feature Of our monetary
scheme has made an entire change In the COM
plexion OF our currency affairs do not doubt
THAT the ultimate result of this action will be
most salutary and far reaching IN the nature
OF things, however, 1t is impossible to know
at this time precisely what conditions will be
brought about by the change, or what il any.
supplementary legislation may, In the light Of
- A<S fNr-a Ne<HNR& H1 NSn~