The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1893-12-05

The secretary of the treasury reports
that the receipts OF the government from
all sources during the fiscal year ended
June 30, 1898, amounted to s481 ,71d,5Bla4,
and its expenditures 70 s85937i,6f4,d9.
There was collected from customs SEQ
800 0i6.76 and from internal revenue S1Gl .
OF 023.9S Our dutiabie imports amounted
to S42l,S5B,T11, an increase OF So 4ooiOo1
over the preceding year, and Expectations
free of duty amounted TO Sfi4o41,2lll a
decrease from the preceding year Of Sl3,-
4J5 al. Internal revenue receipts exceeu-
ed those OF the preceding year by Sll4l,-
1852 The total tax collected on distilled
spirits was Set. TO 2d0.55 or manufactured
tobacco S3i. $50, 7ll.14 and on feftnented
liquors So, 5ts,psS.QI We exported mer-
cnandise during the year amounting 70
SSiT B65 1874. decrease OF SIS, i29Jl from
the preceding year The amount Of gold
exported was larger than any previous
year In the history of the government
amounting 10 SIUS, 6S0,S4i and exceeding
the amount exported during the preceding
year by SAS, iSo,3lf, The sum paid from
the treasury for sugar bounty was $3.50
140Ss, an Increase over the preceding year
OF 81, n33. O53.0D. 1t 10 estimated upon the
basis OF the present revenue Jaws that the
receipts of the government for the year
ending June so. 1904, win rs S4a0,t2l,
3G5.3S and Its expenditures sos, 12i ,jU5.3S.
resulting n a deficiency Of ~, 600 e9y.
amount OF money Of all kinds in circula-
ton or not included In treasury holdings.
was St,7tSa44.G S2, an increase for the year
at G1,426000 at the time mentioned the
per capita circulation was S25.40. On the
same date there was In the treasury gold
bullion amounting to sos 657 2I3, and Sill
YER bullion which was purchased ut cost
of S126. 26l SOB The purchases OF silver
under the law of July IL. 1880. during the
fine ounces. which cost S45,j31, 374 SO. The
total amount OF silver purchased from the
repeal OF its purchasing clause on the
1rt day of November. 1898, was 1GS 0If-
h90.i6 fine ounces which cost Sl55.e30-
94o.S4. Between the list day OF March
1873. and the list day OF November, 1893,
the government purchased under all laws
ooS, 003.I III nne ounces Of silver at cost
have been coined under the act OF July a.
1890, number 30,oST 2s5. The seieniorage
arising from such coinage was S0.077-
Q9S.ao, leaving on hand In the nlints 1d0-
6DpI6o fine ounces Of silver which cost
S126, ibS,2lS.
Our total coinage of all metals during
pieces. valued at si3,6S51 1850. Of which
there was s99pSs,l4o ~ sold coin, ssaiJ,7l5
n silver dollars, %l.2l7.2D.so in subsidiary
silver coin and Sl,0S5.l0a.l0 IN miner coins
During the calendar year 1892 the produce
ton OF precious metals In the United States
was estimated TO be l,5aG3i5 fine ounces
value of SS0O0.opO and bSo00,O00 fine ounces
oe silver OF the bullion or market value
Of go $4,000. and Of the coinage value
II Is estimated that on the first day OF
July, 1888 the metallic stock Of money
IN the united States, consisting Of coin
was silver.
one hundred and nineteen National
banks were oIganized dniins the year end
ddng October ~ iss3, with g capital Of 81.
s3oQe0; 46 gent into voluntary III
auidation and 1858 slispendea sixty
lnsoiyent. Sc resumed buaLnesa and re-
main n the hands Of bank examiners,
he en na pr0S baSEs q5 sgsssagS ssgmP2
IN the Eastern States, Al west OF the Mis-
sissippl river and "a In the Central and
Southern States. The total number Of Ma
OF October, 1S92 was $500, having an ag-
gregate capital Of S8a5 bSs.l20. The net IN
duns Il we pes aa m e these banks
The recent repeal Of the provision OF
law requiring the purchase Of silver bnl-
Hon by the government as feature Of
our monetary scheme has made m entire
change IN the complexion OF our currency
affairs. do not doubt thar the ultimate
result Of this cotton VIII be most sanitary
n the nature Of things however, it Is
impossible 70 know ~ this time precisely
what conditions Will be brought about
mentary lfglalation may, in the light OF
such conditions appear u be essential or
eNperienS Of course after the recent An-
anrlal perturbation time ta necessary for
the re-sssabiishnicnt or business CONT
deuce. Wnen. however. through thla re-
stored confidence the money which has
been friahtened into boarding places Is
raturn1d % trade and enterprise a survey 7
OF the Situation win probably discloae the \
safe Path leading 70 permanently sound
currency, abuudautly Hufftciens 10 meet
every requirement OF our incraas-
Ing popuiatlon and business. in
the pursuit Of Tits object we
should resolutcly turn away from Hlur-
Ing and temporary expedients, determined
70 be eoutent with nothing less than q
lasting and comprehensive financial plan
- these circumstances, ] am convinced
that q reasonable delay IN dealing with
the subject instead OF being lnjurioun
wn increaHe the probability OF wise nc
The monetary conference which as
Senipied a. Brussels upon onr Invitation
WIS adjourned @ The S0th day OF N0Vern-
her ~ the present year. The considera-
1nna jues stated and the fact that a de-
nrile Proposition from as seemed 10 De
expected unon the fcaasembling OF the
congress led fae 20 express p piillnrnasa
% nave the fneetinu sim further COST
pQned- u secran 10 me that II would ~
WIG 70 giNa general authority 10 the
president TO Iny.te other nAtions 10 auch
q contnrenee az any time when there