The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1893-12-07

announced by Russia. nnd when nnie will b$
E'nuariJ met This sep n,tinSly ccmport
With the position the Uei;ed S:a,os hold In ID.
family OF nations.
Tho secretary Of tie treasury reports tha
tho receipts OF the government from all source.
during tie fiscal yes: ended June 81, 1919
amour Tod TO 46l, 7ls Sol "a and its expenditure,
to si59 ,14,.7f."s. There WAS collected from Gus
toms sco5. lG,0lG1y and from Internal re venu:
alelos7, eo3e3 Our dutlsblo imports amour Tex
10 ss2l, Sb7il, "a tncrcasc OF ga sH ovor th,
preceding year, and impo7sat!ors FREQ OF duu
amounting to AH,5H Eli. decronse from T..
preceding year Of sla4a5.447. Internal revenue ~
ccipts exceeded those OF Tho preceding year b.
! T.I47, 1882
The total tax collected on distilled spiris Haa
o. TO, 200 IS, on manufactured tobacco 81 .ew,.
fl.7i, and on ferueuted liquors s32 Ha va On.
Ne exported merchandise during the year
amounting TO fs47 eo5 lo, q decrease Of els1 6l3.
81 from the preceding year
Tho amount Of sold exported VAS lnrger than
my previous year in the history OF the govern
nent, amounting TO sloa Go, s<a end exceeding
tho amount exported during the preceding year
- S4s5.6l7. The sum paid from the treasury
or sugar bounty WAS sQ.375, .ss, an increase
1t Is estimated upon tho basis OF present rev.
The year ending June 81, 1921, will bc 1880, lsl.-
1913 and it's expenditures si5s 49, "65.3 50, result.
ing in n deficit OF sas, C000C0.
On the first day OF November. 1879. the
amount OF money Of al kinds IA circulation OK
cot included In treasury holdings. Was 5l.us,-
H46S2. an increase for tbs year OF sl!240i,s7.
Estimating our population st c1,4cd, 20 st tho
time mentioned, the per capita circulation Tn5
k25 % On the same date thero WAS in the treas
nry gold bullion amounting TO soa657,273. and
silver bullion which was purchased nj q cost OF
! bl26, c6l, 553
The purchases Of silver under the law OF July
Il. 1890 during tho last fiscal year. aggregated
81 COS ICE 50 ne ounces which cost 5', 53 314 So
The total amount OF silver purchased from the
time that law became operative until tho repeal
OF its purchasing clause, on the lst day OF NO
vcmber, 1902 WIS 1903 674. 53O4o fine ounces,
which cost sl55, $50 04O.S4. Between the LIST day
Of March 1873 and the LIST day OF November,
| 1893. the government purchased under oil ih~s
SOB cos III fine ounces OF silver at cost Of S'i6
o22oIS The silver dollars ,hHt have been
coined under the oct OF July IA. 1890. rurn Der
80, oS7 2S5. The se.gnioragc arising from such
coinage was S. a71, COS 49, leaving on band in the
nints $40 go go hne ounces OF silver which COST
5l36. 75;,2 ls.
Our total OF I'll metals, during the last fiscal
year, consisted Of 0,2S0,S75 pieces. valued St
ft3, Gs5 17s 81, OF which there WAS $3)o3s. lAo IN
gold coin IS 343 us in silver dollars, S7"', 20 81
In subsidiary silver coin and sl,OS6 luz W IN
minor coins
During the calendar ycar 1852. the production
OF precious metals in tho United States was
estimated to be 1,t0j.375 Arc ounces OF GOLD OF
the commercial and coinage value OF &3,0oo,0ol
md 5000, 00 fine ounces Ct silver OF the bullion
or market value OF $50, 10000, and OF the coin
| age value OF IA. $50 900.
! 1t IS estimated that on the nrs. day OF July,
| 1893 IT,. metallic stock OF money In tho United
States consisting OF coin and bullion amounted
20 Il 2l3, SEQ 1862, OF which 1921 CO.. ,oS was gold
| and s6l5, SOL 1874 was silver
| One hundred and nineteen National banks
were organized during the ynnr ending October
| 81. 1903, with O capital OF $ll.sD,0O: forty-s1
went into voluntary liquidation and one hun
dred nnd ntty-cight suspended Si1ty-hTe OF
| the suspended banks were insolrcnt, eighty-six
| resumed business. and seven remain IN the
| hands OF bank examiners, with prospects o.
| speedy resumption.
Tn. recent repeal OF tho provision Of law re-
nutring he purchase OF silver bullion BY the
government M feature OF our monetar7
scheme has made an entire change in the COM
p!exion OF our currency affairs do not Doubt
that tho ultimate result CT this action Will be
most sautary and far reaching.
In tho nature OF things. howovcr II Is lrnpOa
| sible 10 knox at this time, precisely what con-
| ditions VIII bc brought about b. tbs change, or
| what, Il my, supplement larry legislation may IN
the light OF such conditions appear to be essen
| Nrl or expcdient Or course, nftcr the recent
financial perturbation, time Is necessary for
tho re-cstabiishmcA. OF business confidence
| When. however, through THIS restored con-
hdeace the N jncy which hrs been Frightened
Into boarding places is returned 10 trade and
enterpr;ee q survey II the situation
viii probably disclose Saf" la:h leading
| TO n permanently sound currency nouIddEtIy
sufficient 20 meet every equivalent on our III
srcasiug population ard business. In tce pur'
suit OF III s Object should rcso ut"ly turn
away frorn a!lurnX anil Temporary c1paalcnH
| determined 10 he content win nothing 1858 man
lasting nrd comprehensive financial pan
| In thcs. ct-cumstanc "s an Convinced that
reasonable delay in dealing with his subject,
| icYtcnd Of being injurious. will increase tho
| pro "a bility OF wise action
Tho monetary conference. which assembled
| at Brussels upon orr invitation adjourned 70
tho 3Oth day OF November, In the present yeor
The considerations just stated and the fast
that definite proposition from us seemed 70
| be expected upon tho rcasscmbl:nS or inc con-
| ference, lcd me to express willingness 10 nave
| the meeting sill further postponed II seems
| to nc that it would be wise 10 give general
| authority 10 the president TO invite other ma
| lions 10 such conference at any time when
there should be fair prospect Of accomplish
| ing An international agreement on the subject
OF coinage.
des;re also to earnestly suggest the wisdom
| OF amending tho existing statutes In regard 70
| tho issuance OF government bonds.
| The authority now vested in tho secretary OF
the treasury TO issue bonds III not as clear as It
| sho.id bc and TIE bonds authorized are disad-
yantageous 10 The government both rs TO the
| time OF their maturity and rate OF interest
Tho superin tcndent OF immigration through the
| secretary Of the treasury reports that during
the last fiscal year there arrived at onr ports
44o. 1913 immigrants. OF these lco3 were not
permitted to land under the limitation OF the
law and SIT were returned 10 The countries
from whence they carnc by reason OF their hay
tnr become public charges Tho total arrivals
wcrc al, 034 less than for the previous yenr
| IN regard to the prevention Of con IL gious dis
eases entering from foreign ports. the president
SAWS: more general and harmonious system
than now exists acting promptly and directly
everywhere and constantly operating By pre-
yentiyc means TO shield our country from tho
invasion OF disease and at the same time
! having due regard to tho rights and duties OF
local agencies, would, I believe, add greatly 70
the safety OF our people
The secretary OF war reports that the strength
OF the army on the 30,h day OF September last,
was %, 77s enlisted men and 2I4 officers
The ,otal expenditures OF the department Tor
the yosr ending June 80, 1893, amounting to fol,-
Sol O74 So OF this sum al,9j",5S rs Was Tor SAL
aries and contingent rxpennes, s2',"7. ozs 30 Tor
the support OF the military establishment. 90
or O33 Is for miscellaneous objects anu SD aia-
Gal Al for public works. This Inter sum Ia
| cludcs SIS o9d SIC ~ for river and harbor I'M
provemcnts and 1906, "a % for fortlicatous
and other works OF defense.