The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-05
rHE MESSAGE TO CONGRESS
continued from Fourth Page.

s-ue Sldl or IL %. Our dutiable imports
',-5rnted TO st2ls56ll. an increase OF
i pa over the preceding year, and i'm
-.-s+rou free Of duty amounted to S4445H.-
20 decrease from the preceding year of
IL, AS AZ. Internal revenue receipts exceeded
,a Of the preceding year by s. l47 .445. 81
t -o-al tax collected on distilled spirits
S4t - J26O.55; On man ufactured TOBACCO
ed so -ll.74 and on fermented liquors So ,5is,-
H. exported merchandise during the wear
counting to SS47,655 ,l9f. a decrease of SlS2,-
~ "a from the preceding year.
The amount Of gold exported was larger
-sr any previous year in the history of the
AZ rnneut amounting to Sos, $50 S44 and
.affug the amount exported during the
--.aIfug year by sSS iS5,3l1.
THa sum paid from the treasury for sugar
h-a-v was 50, 80, 1870. ss, an increase over the
,-s.sling year Of s. 0j3 O03 o.. ..-
II f fstimated upon the basis of present
-srsrue laws that the receipts of the govern
mont for the year ending June 80. 1894, will be
sl4 7zl 365.sS. and its expenditures Sf5s. l2l,-
V, Is resulting in deficiency OF rs ODO 600
IN the first day OF November 1888, the
-T-10t Of money of all kinds in circulation,
M mot included in the treasury holding. was
|sf III Si4 So. an increase for the year of SIP
.4ll- Estimating our populations at 81 426.-
|ulat the time mentioned. the per capita cir
cr1s+ed was S23.49 On the same date there
VA, M the treasury gold bullion moInting
10 s4t 657 213. and silver bullion which was
.r.lased al cost OF Sl26,26l.555.
PDbOhASES Oh' SlJN LIZ
The purchases Of silver under the law of
Ir'- "a $3.50 during the last fiscal year aggre-
,atsd a 0Js 1872 59-l00 line ounces which cost
n 5st S-4 50. The total amount of silver pur-
chased from the time that the law became
lucrative until the repeal Of its purchasing
f+al-e on the lst day Of November 1893 was
l6S r. $50 10 100 fine ounces which cost S155.-
qslal0si Between the lst day Of March.
Js-2 and the LIST day of Novemb Der, 1898 the
government purchased, under all laws. 5J3,
of Mt nos Of
~ qls The silver dollars that have been
coined under the act OF July IA, 1890 number
3fOs1 2s5. The seigniOrage arising from such
coma ra was 1897 O5s 30 leaving on hand in
the mints l4O 500 7tO fine ounces Of silver,
which cost 1926 15S2lS
our total coinage OF all metals during the
last fiscal year consisted Of 81, 2S0S15 pieces,
valued at S43 6S5 1850 OF which there was
lars 81 2i7 2219O in subsidiary silver coin, and
81 0s6 lO2. 80 in minor coins.
During the calendar year 1892 the produc-
ton Of the precious metals in the United
states we're estimated to be 1,596,375 fine
ounces Of gold of the commercial ana coinage
value Of S33 100000 and 5S,O00,OOO hne ounces
nf silver of the bullion or market value of
EO75O 900 and Of the coinage value Of S749S9,
1t is estimated that on July l. 1898, the
metallic stock of money IN the United States.
consisting of coin and bullion. amounted 10
81 2l5 559, 1859, OF which 1897 697, s. was gold anu
fl5 SOL 4s4 was silver.
One hundred and nineteen national banks
we're organized during the year ending Oct.
81 1893. with a capital of Sll $50 001. Forty
six went into voluntary liquidation and 1853
suspended. SiXtytive of the suspended
banks were msOlvent Sc resumed business
and seven remain in the hands Of bank ex-
amiuers with prospects OF speedy resump-
ton.
OF the new banks organized. A were located
in the eastern states, Al west of the Mssis-
~ippl river and 81 in the central and southern
states.
The total number of national banks in ex-
i>tence on the 3lst of October, 1898 was 3. 1856.
having an aggregate capital of $685. $50 100
The net increase in the circulation Of III ase
banks during the year was Sc, sS6,912.
SILVER PURCHASE REPEAL.
The recent repeal of the provision Of the
law requiring the purchase of silver bullion
by the government as feature Of our none
flry scheme has made an entire change in
uoDat that the ultimate result of this action
will be most Statutory and farreacning.
lu the nature OF things however, il Is impoS-
,inle To- know at this time. precisely what
conditions will be brought about by the
change or what if any, supplementary legis-
.atluu may, in the LIGHT of such conditions.
appeart to be essential or eNpedient. OF course.
after the recent financial perturbation, time is
necessary for the re sta OlfShu1ent of bust
ness confidence. When, however. through
This restored confidence the money which has
been frightened into boarding places is re
turned to trade and enterprise, a survey of
the situation will PROBABLY dis
close safe nath leading to
permanently sound currency. abundantly
sufficient to meet every requirement of our
increasing population and business. In the
pursuit OF this object we should resolutely
lurn away from alluriug and temporary eX-
pedinuts, dete mined to be content with moth
ING less than lasEng and comprehensive
uutn-jGl plan. In these circumstances ! am
convinced that reasonable delay in dealing
with this subject, instead of being injurious,
vii. Increase the PROBABILITY OF wise action.
The monetary conference, which assembled
at Brussels upon our invitation, was ad-
oIrned to the 3Oth day of November, in the
present year The considerations first sta
led and the fact that a definite proposition
from the United States seemed to be expected
upon the redSSem bilng OF the conference. led
ne 10 express Willingness to have the meet
ing still further postponed. 1t seems to me
iha, it would be wise to give general author
~ 10 the President to invite other nations to
such conference. at any time when there
should be fair prospect OF accomplishing an
International agreement on the subject Of
NJIua.e
desire also 10 earnestly suggest the wis
CON OF amending the existing statutes in re
gard TO the issuance Of government bonds
he authority now vested in the Secretary of
me treasury to issue bonds Is not as clear as
It should be, and the bOnus Authorized are
ulSadyantageous to the government. both as
10 the time of their maturity and rate of in
terest
The superintendent Of immigration.
through the Secretary Of the Treasury, re-
borls mat during the last fiscal year there ar
wed at our ports 4Iu, f9S immigrants. OF
Ilese ,Q6j were not permitted to land under
. me limitation of the law. and 57l were re
'lrned to the countries from whence they
came by reason of their having become pub
ua charges. The total arrivals were III 030
less than for the previous year.
THF N NATIONAL, oTAR ANTTNE
The secretary, in his report, gives an ac-
count OF the operation of the marine hospital
eF|ee, and of the grand work done under its
N-perylSlOn in preventing the entrance and
spread of contagious diseases. The admoni-
uo OF the last two years touching our pub
G. health and the demonstrated danger of the
HIoduCtlOn OF contagious diseases from for
tQ ports has invested the subject of a
.dinndl quarantine with increased interest
Amore general ana harmonious system than
t." exists, acting promptly and directly
1rrNWhere, and constantly operating, by
.LEelentive means, to shield our country from
.lf INVASION of disease, and. at the same time
,d y. hg Que regard TO the rights and duties Of
10 al agencies would, l believe, add greatly
'o ina safety of our people.
THE ARMY
The Secretary OF War reports that the
a.LtAgth OF the army on Sept 20 last was
Sd. enlisted men aud 2,1li oetcerS.
ne TOTAL expenditures OF the department
- me wear ending June 30, 1893 amounted to
~ 'l3 S'4.S9. OF this sum 1892 ,5sl95 was
9E salaries 3nt contingent expenses, S23,372-
~ So 10Y the support of the military esta j.
as1ment 8j077 t53 Is for miscellaneous OBJ
Ill Us, and a2O5lS 63l.41 for public works.
'N,9 latJer sum includes 80 296 s76 SO for river
,"N uarpor Improvements, and 81 266. l4l.2O
'OI iortldcations and other works Of defense.
LHt total enrolment of the militia OF the
several states was on Oct n Of the current