Courier Democrat. (Langdon, N.D.) 1891-1920, 1893-12-14
FINANCES.
Cautious Legislation Recommended
by the President.

Cautious Legislation Rccomm ended
by the President.
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 Sl8l. 11G5Gl.3l and its
expenditures to $4o9,374 ,G74.@
There was collected from customs $205,
:'j5,O1G73 and from internal revenue $751;
OF, 623.93. Our du,iable imports amounted
to S421 ,S5G711. an increase of S'2,4';',9O7
over the preceding year, and inlportations
free Of duty amounted to Sii4,j44,2ll, de-
crease from the preceding year Of S13.453,-
AL Internal revenue receipts exceeded
those of the preceding year by Slit, 445.32
The total tax collected on distilled spirits
was $94, I20. 2GOJj; Oh manufactured to-
bacco, S3l $50. lila. and on fermcntel
liquors, So, l4S, 9S'07. We exported mcr-
rhandise during the year amounting to
$S47. GG5, 194, a decrease Of SlS2.Gl2.9J4 from
the preceding year. The amount OF gold ex-
ported was larger than any previous year
In the history Of the government. amount
ing to S1OS,GS0,S4 and exceeding the
amount exported during the preceding year
by SOS, 4S5,517. The sum paid from the
treasury for sugar bounty was $3.50. 13O.S So,
an increase over the preceding year Of $780,
a3:3;J,3UJ.
1t Is estimated upon the basis Of present
| revenue laws that the receipts Of the gov
crnment for the year ending June 30 1891,
will be S43O, 12l .3GJ.3S and lis expenditures
$4lS. 121 .365.3S. resulting in Il deficiency Of
$4,000. 600. On the list day OF November.
1888. the amount Of money of all kinds in
circulation included in the treasury hold
ings, was $l.71S,J44. GS.! an Increase for the
year Of SIP. iO4 .347. Estimating our popu-
lation at GO I26,OOO at the time mentioned
the per capita circulation was $2J.I0. On
the same date there was in the treasury
gold bullion amo bunting to SGG.G57.27; and
silver bullion which was purchased at 4
cost of Sl2G,2 ,55:;.
The Currency Question.
The purchase of silver under the law of
| July IA, 1880, during the a:l fiscal year,
| aggregated ~, OOS, 1913 line ounces. which
| cost 81, 53l ,374.:I3. The total amount Of
| silver purchased from the time that the
| law became operative until the repeal Of IT,
| purchasing clause. the lSt day OF No
| rember, 1893, was 1GS, 674 $50. 40 fine ounces,
which cost $153,!E0. 940.S4. Iclwccn the LET
| day Of March. 1873. and the first day of
| November, 1879, she government purchased
| under all laws 5O3,OG;7l1 line ounces Of sill
| YER Mt n cost of SJl66..1..9iS. The silver
dollars that have been coined under the act
| of July IA, 1870. number :H,OS7. aSi. The
seigniOrage arising from such coinaSe was
6.DI7 .09S.3D. leaving Oh hand in the mints
| lac. 600. 100 fine ounces OF silver. which cost
Si2G, 57S2lS. Our fetal coinage of All
metals during the last fiscal year consisted
OF which there was $50, Gss, 10 In gold coin coin
81, 343,7l5 In silver dollars. S7,.l7.o2O 90 In
subsidiary silver cOain. and 81, 0S8 100 90 IN
minor coins. During the calendar year 1872
| the product OF the precious metals In the
| United States vas estimated to be l,5sD8 81 3
e IL ai5l Z s Z