River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1893-12-07

A ike elevation Of mission is announced by
Russia. and when made wtll be similarly met
This step nttlnglg COMFORTS with the position
the United States holds in the family Of ma
lions. During ms former admins tra.ion took
occasion 10 recommend recast of the laws re
latlng 10 the consular service IN order that IL
might become more efficient agency In the
promotion OF the interests II was Intended 10
subserve. The duties and powers OF consuls
have been expanded with the growing require
ments OF our foreign trade. Discharging i'm
portant duties affecting our commerce and
tries exercising judicial functions. these ON
Gers should lie men u character, intelligence
aud ability
Copyright Extended 10 Denmark.
Upon proof that the legislation Of Denmark
secures copyright 10 American citizens on
equal footing with It's own, the privileges OF our
copyright laws have been extended by procla-
nation 70 subjects OF that country.
Financial statement.
The secretary OF the treasury reports that
the receipts o. the government from all sources
during the fiscal year ending June 30 1898
amounted 70 s4el, ZIG SOL % ana It's expenditures
10 si59, Ssse7429. There was collected from
enue sI6I. O25. e23 On Our duTia.le Imports
amounted 10 s42i SD, I'll. an increase OF s5@45
eO5 over the preceding year, and importaiions
free Of duty amounted 10 s4s4. 54i,2lI a decrease
from the preceding year OF si3. as. AZ Internal
revenue receipts exceeded those OF the proceed
ing ar by s7.l57.4i5 y
III total tax collected on distilled spirits
wa sea 30. 200 IS: manufactured tobacco
ga $50 7lI.Ts. and on fermented LIQUOR, s32 Sta
Sedu4. " 9 exported merchandise during the
year amounting 10 asa, o65 1874. decrease OF
sls2s oi2 sSA from the preceding year The
amount OF gold exported was larger than any
previous year IN the history OF the government
amounting 70 slOs 6sJ s44, and exceeding the
amount exported during the preceding year by
s5s As. ST. :
The sum paid from the treasury for sugar
bounty was 90 375 100 81. an increase over the
preceding year Of s2.033 053 05
Estimates.
II is estimated upon the basis OF present rev.
Ia
for the year ending june 80. 1894, will be Si3) :
~ sSs and its expenditures lass i2l S5j. IS,
sultng IN deficiency OF S2S,O0J.OJ0
Our Circulation.
On the first day OF November. 1922 the
amount OF money OF all kinds in circulation. or
not included In treasury holdings was 81 TIs 5i4
6s2, an increase for the year OF slle.4J494T. Is
timating our population at 81 4sd,OOO at the time
mentioned the per capita circulation was s23 a.
gold bullion amounting 10 se6 657. $40 and silver
bullion which was purchased at cost Of sl2e.-
silver Bullion Purchases.
The purchases of silver under the law OF July
u, 1890. during the last fiscal year. aggregated
t3t0Je 1872 80 nne ounces, which cost AS $751;
from the time that tax became operative until
the repeal Of its purchasing clause. on the LIST
day Of November, 1888 was sies,6s4,-
500 45 fine ounces, which cost si55 gSU-
1878. and the Ist day OF November. 1921
The government purchased under all laws. 5y3.-
u
s4s The silver dollars that have been coined
under the act OF July IL. 1880 number 35.US7 2e5.
The seigniorage arising from such coinage was
20 81 0qs. 80, leaving on hand in the minis 49,
Es
Coinage Statistics.
Our total coinage OF all metals during the last
fiscal year consisted OF o. go SIS pieces. valued
81 s43 6ss i7s 81, OF which there 3oO3s i4J in
gold COIN - 3i37i5 in silver dollars 81 2i7 30 %
IN subsidiary silver coins and sl,Os5 lU2 - IN
minor coins During the calendar year 1893
the production % precious metals I'm the United
States was est.mated to be l.5935s5 bne
value Of $50 0OO0lO and 500 O0) mine ounces OF
silver OF the bullion or market value of $50
10000 and OF the coinage value OF S74,gs9, go
II Is estimated that on the ist day OF July,
| 1898 the metallic stock OF money in the United
states, consisting OF coin and bullion, amounted
To 81 ,2I3 $50 100 Of which s597 81 SIS was gold
aud eol5 sol ,sSf WAS silver.
New and Suspended Banks.
One huudred and nineteen national banks
we're organized during the year ending OctoGcr
81. 1923 with capital OF 81. 30 00l Forty six
went into voluntary liquidation and 1853 sus.
pended. Sixty-hve OF the suspended banks
we're insolYent eighty six resumed business
and seven remained in the hands of bank ex-
Rminers, With prospects OF speedy resumption.
or The new banks organized forty four were
/ located in the eastern states fUriyone west II
/ the Mississippi river and thirty-four in the
central and southern states no total number
OF national banks in exis tence on the 9ist day OF
/ October. lssS was 1928 hayihg an aggregate
capital OF 1895. 55S i20 Net iscrease In the cir
oulstion Of these banks during the year was
s36 sjg72
Repeal of the silver Purchasing Clause.
The recent repeal OF the rsovisOns Of Jaw
i requiring the purchase OF silver bullion p the
I government a feature OF our d .atary
/ scheme has made an entire change ir ne com
plexiOn OF our currency affairs I Oo not doubt
/ that the ultimate result Of this action will be
/ most salutary and far reaching In the nature
/ OF things, however, II IL impossible To know
/ at this time precisely what conditions viii be
/ brought about bY the change or what, II any,
/ supplementary legislation may, in the light OF
/ such conditions, appear 10 be essential OF ex
Confident of the Future.
OF course after the recent financial perturba-
ton, time is necessary for the reestablishment
I OF business confidence When however,
through this restored confidence the money
! which has been frightened into boarding places
IS returned 20 trade aud enterprise, survey OF
the situation viii probably disclose a safe path
| leading TO Prominently sound currency,
abuudantg sufficient 20 meet every require.
ment OF our Increasing reputation and bush
ness In the pursuit of this object We shout
resOlulyly turn away from auring and
tent with nothing less than a lasting aud com
prehensive financial plan. In these eircum-
stances am convinced that a reasonable delay
10 dealing with this subject instead Of being in
/ furious, will increase the probability Of wise
The Monetary Conference.
| The monetary conference which assembled al
| Brussels upon our invitation was adjourned To
| the 9Jth day of November in the present year.
The considerations Just stated ami the fact that
| definite proposition from Us seemed to be ex
/ pectsd upon the 'esSsemOiing " the conference
| led me TO express a willingness 10 have the
/ meeting still further postponed. Ii seems 70
me that il would be wise TO give general uthori-
| such conference at any time when there
| should be c fair prospect Of accomplishing an
International agreement on the subject Of
| Coinage
Recommendation Regarding Bonds.
/ ! desire also 10 earnestly suggest the wisdom
| Of amending the existing statutes in regard 70
| the issuance OF government bonds. The au
| thorty now vested in the secretary OF the
| treasury 70 issue bonds is not clear il
/ should be. and the bonds authorized are disad-
! yantageoas Ia the government both as 10 the
1 time Of their maturity and rate Of interest
| Immigration STATISTICS.
/ The superintendent Of immigration. through
| the secretary OF the treasury, reports that dur
/ ing the last nscal year there arrived At our
/ ports 4l.1e3 Immigrants OF these 1903 were
| not permitted 10 l-no under tie limitations OF
1 the law, and 81 we're returned 10 shc couu tries
| from waence they came. By reason OF their hay
/ ing become public charges The total arrivals
were Ia Ca less than for the previous year.
PrsventiGn of Uisoass.
! The secretary IN his report gives an account
OF the operation OF the marine hosp tll service
and Of tlIc good work done under IL slpergisiOu
/ IN prevt ntlng the entrance and spread ~ con
| tagiOus diseases. The adinonitiOns Cf the last
] Two years touching our public hcai b and
/ the demonstrated danger OF the introduction
| % contagious diseases rom foreign pests mas
I lnyesie tie subject of uarOnai Quarantine " I'm
! Increased interest more gene raj and htr.
/ nlOnious system than nov exists, acting
i Promptly and dirscIly every where, and con
/ stands Operating b. preventive means 10
shield our cosnlTy trom the invasion {" disease.
aHd 81 the same tine haf NJ cue regard 10 the
/ r.ghts and dulles oil local agencies wOHld 1 tie
I lieye. add greatly % The SAFETY o: our people
The War Department.
! The secretary OF war reports that the
strength " the army on the sjth day OF sep
Tel Ter last was n 80 enlisted men and ? IA
officers The total expenditure Of The depart.
meut for the yelE ending June 80 1898, amount.
cd 10 81. AG6.t4i ga 81 this sum, ~ 81. 5Si "
I VAS Tor salaries and eouungen. expenses; sa3 =
81 IS s. tor thc support Ot the military b.
4 hshmrnt sd,g55, uaS Is for miscellaneous Oh
I fcct-, aud So 5ls. 63s Al for public works This
latter includes sI5. POI s75 40 for RIVER and
harbOr Improvements ami sS%io, ~. ~ FOR fOrti-
nSAilOns and other works OF defense
! Tho National Guard.
The total enrollmrnt OF the militia OF the
several stltss ON fEe 3st Of October OF tue
current year li2.aa5 odiccrs aud enlisted men.
; Tue officers % the army detailed for the Ia.
| spection and instruction 81 this reserve OF our
military force report mat incres seu interest
ana marEed progress are apparent in the dis
/ cipliue spd efrceicy OF the organization
Peace Has KeIgned.
| Neither InIian outbreaks nor domestic vio-
| lence have called the army into service during
Qaircd ~ t has been ia the depar tnent OF Texas.
4 where violations OF the neutrality laws Of the
| United States and Mexico were promptly and
efficiently dealt wiki 0y the troops. encitng the
| warm approval Of The civil and military au.
thorities Of both countries
| Keorganixs ths Army.
| The operation OF wise laws ana the influences
81 civ ilzation constantly leading 10 relieve the
| country from the dangers OF Indian hCsIililit >
| together with the increasing ability Of the
states, throaSh the etisieney Of The ns.
t.Ousl guard organizations 10 protect
i their CitEsus from domestic Vie .enee lead