The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-12-06
TREASURY DEPARTMENT.
Extract Ifsm the Report Of Secretary
Carlisle.


The secretary Of the treasury reports
that the receipts Of the government from
all sources during the fiscal year ended
June 80, 1893, amounted to A61 ne, 561.M,
and its expenditures to e459, 374, 674.29
There was collected from customs $685.
S55,O16.73, and from internal revenue S161,-
O2 ,62S.9 90; our dutiable imports amounted
TO az, $50, I'll, an increase Of $52,453. en
over the preceding year, and importations
free OF duty amounted to $444,544,2ll
decrease from the preceding year of 3d.
456, AZ. Internal revenue receipts exceeded
those Of the preceding year by e, IA. 45.S2
The total tax collected on distilled spirits
was &94, &c, 200. IS; on manufactured to-
bacco, 81. $50, nl.74, and on fermented
liquors, IS, 5zS ,9sS.07. We exported mer-
ehandise during the year amounting to
$S47 ,665, 194, q decrease of $162. 6129 H from
the preceding year. The amount OF gold
exported was larger than in any previous
year in the history of the government,
amounting to t108, $50, 644, and exceeding
the amount exported during the preceding
year by e5S, SIT. The sum paid from
the treasury for sugar bounty was
e0,375. 1908, an increase over tho preced-
ing year of SO, 1896, 800.
It is estimated upon the basis Of present
revenue laws that the receipts OF the gov
eminent for the year ending June 10,
1894, will be s490, 121 ,365.S8 and its ex-
penditures s45s, 121 ,S65.3s, resulting in
deficiency Of $2S 100000.
Per Capita Circulation.
On the LIST day Of November, 1888, the
amount of money of all kinds In Giro la
ton included in treasury htl tngs was
1,718,54 ,GS2, an increa fer the year OF
$1l2. 4,947.
Estimating our population at 81, 426, OOO
ct the time mentioned the per capita cir
culation was $3.50.
On the same date there was in the
treasury gold bullion amounting to $50.
657 ,273 and silver bullion which was pur-
chased 1T cost of $126, 261 ,553.
Silver Purchases.
The purchases of silver under the law OF
July IA, $780, during the last fiscal year
aggregated 81, OOS, 1862 SO fine ounces, which
cost As. 531 ,47453. The total amount OF
silver purchased from the time that the
law became operative until the repeal OF
its purchasing clause, on the LIST day OF
November, 1893, was 168, 674, 1904 fine
ounces, which cost $155, csc, 94O.64. Be
tween the LIST day of March, 1873, and the
LIST day of November, 1893, the government
purchased under all laws 503,003, ~ fine
ounces of silver at cost of $516, 622, 940.
The silver dollars that have been coined
under the act of July IA, 1890, number &c.
0S7, 285. The seignorage arising from such
coinage was 6,977. 078, leaving on hand in
the minis lac, 500, 760 fine ounces OF silver,
which cost 1926, 578,218.
Production of Precious Metals.
Our total coinage of all metals during
the last fiscal year consisted of 07,20O,S15
pieces, valued at $43, 635, 1850, of which
there was $50, OBS, 40 in gold coin, S. 3d.
us in silver dollars, 1921, 220.9O in sub
sidiary sill yer coin and $1,O86, 102.9O in
minor coins. During the calendar year
1892 the production of precious metals in
the United States was estimated to be
1,596, 1915 fine ounces of gold, of the COM
mercial and coinage value of $33, OOO. GOO,
and 5000, 900 fine ounces of silver, OF the
bullion or market value Of $50, $50, 600 and
of the coinage value of 81, 9S9 800.
1t is estimated that on the first day OF
July, 1898, the metallic stock of money in
the United States, consisting of coin and
bullion, amounted to $1,213, $50, 1859 OF
which $597, 697 ,685 was gold and $615, 1851, :
l84 was silver.
National Banks.
One hundred and nineteen national
banks were organized during the year
ending Oct. 81, 1885, with a capital Of ST.
100000. Forty-six went into voluntary
liquidation, and 158 suspended; IS of the
suspended banks were insolvent, sc re-
sumed business, and seven remained in
the hands of bank examiners
with prospects Of speedy resumption.
OF the new banks organized, A were To-
Gated i'm the Eastern states, Il west of the
Mississippi river and "a in the Central and
Southern states.
The total number of national banks in
existence the 31st day of October, 1893, was
1886, having an aggregate capital of $685.
b58, 100.
The net increase in the circulation of
these banks during the year was $50, $780,
072.