The herald., 1893-12-05

1t affords me pleasure to lay this parlia
mentary resolution before the congress
and to express my qualification that tn,
sentiment OF the two great and kindred
nations is thus authoritatively mani
Tested in favor of the rational and peace
able settlement of international quarrell
py honorable resort to arbitration.
Il RAISED ENJOYS.
Since the passage of the act OF March
8, 1898. authorizing the president to
raise the grade of our envoys to CORE.
spond with the rank in which foreign
countries accredit their agents here,
Great Britain, France, Italy and Ger
many have conferred upon their re-
spective representatives at this capital
the title OF ambassador, and have re-
sponded by accrediting the agents of
the United States in those countries
with the same title.
A like elevation of the mission is an
nounced by Russia, and when made
will be similarly met. This step fit
tIngly compares with the position the
United States holds in the family of
nations.
THE CONSULAR SERVICE.
During my former administration I
took occasion to recommend recast of
the laws relating to the consular service
in order that it might become
more efficient agency in the
promotion of the interests it was
intended to subserve. The duties and
powers OF consuls have been expanded
with the growing requirements of our
foreign trade. discharging important
duties affecting our commerce and
anu American citizens abroad, and in
certain countries exercises judicial func-
tions These officers should be men of
Character, intelligence and ability.
INTERNATIONAL COPYRIGHT.
Upon proof that the legislation of
Denmark secures copyright to American
citizens, on an equal footing with it's
own, the privileges of our copyright |
laws have been extended by proclama-
tion TO subjects of that country.
PUBLIC REVENUES. tte
The secretary OF the treasury reports
that the receipts of the government from
all sources during the fiscal year ended |
June 30, 1893. amounted to $46l,7
56L "a, and its expenditures to S459, ,574,-
614.39. There WAS collected from Gus
toms $206 S55 Oi6.75, and from
Internal revenues $l6l, ,027 ,623. 93.
Our dutiable imports amounted
TO s42l 1856, I'll, an increase OF $52, 2,453,-
9Ol over the preceding year, and impor-
tations free OF duty amount to $i44 ,544.-
I'll, decreaee from the preceding year
OF $l3,455, Az The internal revenue
receipts exceeded those OF the preceding
year by 81, 147, AS 32.
The total tax collected on distilled
~,k 70 nj = 10 ~ /
factured tobacco s3l ,SS9 IA and on
fermented liquors s32 ,54S. 9S3 OF. We
exported merchandise during the
8 decrease of 1882. .6l2 94g. 81
from the preceding year. The
amount of gold exported was larger than
any previous year in the history of this
government, amounting to $l09, CSC, ,S44,
and exceeding the amount ex ported dur
ing the preceding year by $5S 4S5, ,517. ,
The sum paid from the treasury for sugar
bounty was $a,375, 130,SSl, an increase ,
over the preceding year of 81, ,O33, ,O53. 90. !,
1t is estimated upon the basis of the
present revenue laws that the receipts
)f the government for the year ending
June SO, 1898, will be $3.50, ,121, 1865. .3S. 4
and its expenditures $458. 12i 1856 So,
in deficiency OF $28.O0O, 900. :
CONDITION OF THE TREASURY.
On the first day of November, 1898, ]
.ulation, or not included in the treasury 4
holdings was $1,7l8.544 ,682, an increase
or the year OF s1l2, ,404 947. Estimating !
'ur population at II, ,446, 900 at the time =
mentioned the per capita circulation z
vas $25.49. On the same date there .
vas in the treasury gold bullion amount .
ng to $96, 657 ,273 and silver bullion
which was purchased at cosG of $l26,-
6l .553. s
The purchase of silver under the law =
# July IA, $780, during the last fecal =
ear aggregated 5, ,400. .8l6, 259 fine ounces, .
which cost $40, ,531, ,37453 The total Z
mount of silver purchased from the y
ime that law became operative until '
he repeal of it's purchasing clause on
IN the last day of November, 1898, was !
6 S67, ,459.04 fine ounces, which cost
l55 $50 $40 "a. Between the first !.
lay OF March, 1873, and the 1st day of =
November, 1898. the government pur- .
hased under all laws, 03,003,7l7 fine = :,
unces of silver, at cost of $516, 6,622,-
4S. The silver dollars that have been y
oined under the act of July IA. 1890, y
lumber 36,0S7, ,285. The seignorage ?
rising from such coinage was $6,977,-
30. O5, leHVluB Oh Hhuu ia tu6 mlut6 | =.
40 ,699, ,760 fine ounces of silver, which I
ost $l26,579, ,2lS.
Our total coinage of all metals during !
he last fiscal yearconsls.ed of 81, ,2S0, ,875
'ieces. valued at s43, $50. 1880, of which =
here was s30,038, l40 in gold coin. I
5 ,343, 716 in silver dollars, $7.2l7 ,220 80 <
n subsidiary silver coin and 81 .0S6, l02 80 u
n minor coins.
During the calendar year 1892 the ,
of precious metals in the =
United States was estimated to be =
l 1893, 1916 fine ounces OF gold of the !
ON mercial and coinage value of $685. !
10000. and 58,000,0O0 fine ounces of =
liver of the bullion or market value of
81, $50. 900, and of the coinage value OF .
IA, 989, 800.
1t ia estimated that on the first day :,
f July, 1898, the metallic stock of !
money in the United States, consisting u
f coin and bullion. amounted to ST. =
1859. 1859, of which $597 ,6S5 was gold u
nd $6l5. 1861 ,4s4 was silver. =
NATIONAL BANKS. =
One hundred and nineteen national b
anks were organized during the year n
nding October 81. 1893, with a capital u
( $1l, ,230,0 900. Forty-six went into a
liquidation aud 15S suspend n
d. Sixty-fve of the suspended banks y
rere insolvent, SO resumed business n
nd seven remained in the hands