The state republican. (Jefferson City, Mo.) 1871-1896, 1893-12-07

might become q moro eric agcucy IN mo
promotion OF the interests II J'as intended 70
suhseryc. The duties and powers Qi consuls
have tccn expanded with the growing rerrir5.
mcnts OF our foreign trade.
The Public Treasury.
The SECRETARY of tho treasury reports that
the receipts OF the govrfnnontfrom all sources
during ne ~ -, al Sg1r "a cnlcd Jna ~ isoo
to sf937iG1Icg. There was collected from
customs Saoj.3i,OlG7J and from internal re.
Venue ,sl6l.N!7 63pi our dutiabo imports
nliJun'eh to iI?i ,s507i an increase OF S52 ii3.
gF over the proceeding scar and importations
free OF duty amounting otilloii.2,i,o Jcrrcase
from the preceding year OF sl3,i6iit; internal
revenue receipt exceeded those OF the preccd
Ing year by S. ii7.4i532.
INTERNAL REVENUE.
The total tax collected on distilled spirits
was Sgi,T2j 26l5b, on manufactured tobacco,
ptjd7. We exported merchandise during tho
year amounting 10 s3i7.Gil,i9i, decrease OF
sis9'oia's54 from the pre- ieding year
GOLD EXPORTS
The amount Of g0!i exported was larger than
nny previous year In tho history 81 tho govern
mcnt. amounting o siOs,Hs0 sii, and exc
tho amount exported during tho 'ns
year by SIS fb,5lT.
THE srGAR BOUNTY
The sum pail from III, treasury for sugar
oulity vas s0,9I ,l3lss, an increase over the
pre- ,edfng year OF - u3a .Uh1Oo.
AN ESTIMATED DEtidigNcY
revenue laws that the receipts OF the govern
ment for the year ending June 81, 1891, will b
'iW.l2 3Oj3s and its expenditure IS sijs l?!,
",5.3J, Resulting In deficiency Of E3OW,UJJ
THE CIktt! tTISG MEDIUM.
On the list day Of November 1893 the amoln,
OF money OF all kinds in circulation, or not in
cluded In treasury holdings, was sl7ls,5ii, 64"
an increase for the year OF sll!,iOip7 Es-
tlmating our population at G7i96,OO ut the
time mentioned, tho per capita circulation was
s!5ib On the same date there was In the
1,,lI tsa, tn
AMI silver bullion which was purcrosed at u
cost OF fl?6 "6l ,5j3
THE PURCHASES OF SILVER
The purchases OF silver under the law OF July
H. lsB J. during the last fiscal year aggres gated
5iOs l62 80 fine OUNCES. which cost t4jtJl.;Ii So
The total amount Of silver purchased from the
time that tho law became opcffHLr Until the
repeal OF the purchasing clause on The ftstd
of November. 1898 was l6- B1i 800 40 fine ounces.
which cost Slhja3l,9iD.A. Between the first
day OF March. iS73. and the first day OF Novem,
Ter, 1903. the government purchased. under all
laws, $3.50 III fine ounces OF silver at cost
OF 1916 G2!0i The silver collars that have
Der SO 0s7,23S, The sci2niorage arising from
such coina 90 was sG.97s U!30, leaving on hand
In the mints ~ 99.5jJ inc ounces OF silver,
which cost il2d,7
THE CoISAGE.
Our total coinage Of all metals during the
last fiscal year consisted uf ggJ ,s7j pieces,
valued at ti3.Gs5 l7s 80. OF which there was 800,
OBS 40 In gold com. ~ 3i37 7l5 In silver dollars.
81 AZ 40 81 IN sul sidary silver coin, and 81,
or. lU3 80 in minor coins.
rROr'r'%riOH OF pRFCiots HErAf,s.
During the calendar ycat ,sgl ,he production
OF precious metals In the United States was
estimated to he .blG,311 fine ounces ~ gold OF
the commercial and coinage value Of 5000 10 !,
and 5S.0OOol Tin" ounces Of silver OF the bull
lion or market value nf S5n,75lOD, and OF the
coinage valu" OF 9O)
TnE STOCK OF METALLIC MONEY
II is estimated that on the first day o. July,
1898 the metallic stock Of money in the United
Df
ed r. tI,als,hig l6J, OF which 1907 COZ dS5 was
gold and s6l5. sR ,isi vas SILVER,
NATIONAL Masks.
One hundred and nineteen national banks
were organized during the year ending Ct'"bcr
81, l.G. with u capital OF sll,9iDOJ. i6 went
into voluntary liquidation and los suspended.
Sixty.iivc Of the suspended banks were insol
vent, uighty.siX resumed business, and seven
remain in the hands Of bank examiners, with
prospects Of speedy resumption.
OF the new banks organized forty-four were
located In the eastern states forty'unc west OF
the Mississippi river and thirty.four in tn.
central and southern states. Th" total nunhcr
Of q, ,tolcr. 1904. was 3. 1y6 having al aggregate
| capital of SGa5.55s .l!J. The net increase In tn,
| circulation OF these banks during the year wa:
| ;36 $50 V1!
SILVER PURCHASE REPEAL.
| The recent repeal OF the provision Of law re
! quitting The plirvhas Of silver bullion by tn
| government as % feature 1f our mOnetar
| scheme has made IN entire chinEc IN thc CON
| plcS Son OF our currency affairs. do not dr'ih
| that the ultimate result of this action will b
| most saiutary and far reaching.
In the nature Of things, however, II Is i'm
possible To know at this time precisely villa
conditions will be brought aLo 1t hy the change
| may. IN the light of such conditions, appear f
| he essential or cxpcdent. or course, after tn
recent financial perturbation. time is nctcs
Sary for the rc.cstabli~hmcnt OF business conf
| denCc. When. however through this restored
| confidence the money which has been fright
enel into boarding Places is returned e
sTaHe n"d viii ShierpFIS prcpaSy snrEi disclose h
safe path leading to a permanently sound cur
| rcncy ahundantly sum lent to meet every re
| quircmeut OF our increasing population ant
| business, In the pursuit OF this object WI
should rcSolutcly turn away from alluring ant
! temporary rxpedicnts. determined to bc con
prehcnsiyc financial plan. In these circum
| stances / am convinced that n reasonable de
| lus In dealing with this subject. instead OF be
| ing Injurious will Increase the probability O
| IsstINo BoNDs.
The authority now vested in tho secretary @
! the treasury to issue bonds Is not aS clear as
| should Ec. and thi bonds authorized are hisat
vantageOus to tho government, both ns to tn
time OF their maturity and rate OF interest
IMMIGRATIOS.
The superintendent uf immigration throug
| the secretary OF the treasury reports that dul
ing the last fiscal year there arrived at on
ports lao. 7g3 immigrants. or these l,UGl wcr
not permitted to land, and under the limit
| tions of tho law, hIT were returned to tn
countries from which they came,ny rensOn
their having become public charges. The /,
tai arrivals were liIO3i less than for the pr
vious year
NATIONAL QUARANTINE.
The secretary, in his report, gives an accoul
of the operation OF the marine hospital sorvtc
and OF the good work done under its supC
vision in preventing the entrance and sprcU
of contagious diseases. The admonitions
the last two years touching our public healt
and the demonstrated danger Of the introdu
| inn pfc but a Inns ian
has invested the subject OF national quarantiI
with Increased interest.
The War Department.
The secretary OF war reports that II
strength of the army on the 3lth day Of Sc
tember last was rs enlisted men and :, !
officers. the total expenditures OF the depar
for tns ar G Geas enInT JHns . sa "a ame1m 90
for salaries and contingent expenses. s.33 81
,s.S5 for the support OF ih9 military es'ablis
menis g, isr N for misGeianeoT1 wor s o6;es @
sum lncludss as, ,2a6. SO 40 for river and hurh
improvements and 81, 80 % for fortihc
tions and other works OF defense
PROPOSED CHANGES.
The adoption OF battalion formations for
, fantry regiments, the strengthening OF Il
artillery force the abandonment OF small
and unnecessary posts, and the mnssing of d
: troops at important and accessible stations
= promise to promote the usefulness of q
! army. In the judgment Of army officers. wi
I hut few exceptions, the operation of the Ii
r forhidding the re.cnlistment OF men after t
y | years of service has not proved its wisdo
/ and while the arguments that led to its ado
= tion were not without merit, the experience
= the year cOnstrains me to Join In the rcco
! mendation for its repeal
\ THE MILITIA.
u The total enrolment of the militia of I
y several states was on the 3lst of October
u the current year lla.595 officers and enlist
!, men The officers OF the army detailed for
u inspection and instruction of this reserve
I our military force, report that Increased int
est and marked progress are apparent In
discipline and etfi Jicncy OF the organization.
Q AQUIET YEAR.
" Neither Indian outbreaks nor domestic
I, lcnce have called the army into service dur
N the year. ana the only active military duty
D. quired OF 1t has been In the department
o Texas, where violations of the neutrality la
D. OF the United and Mexico were promptly q
s. efficiently dealt with ty the troops, elicit
IS the warm approval of tho civil and milit
c authorities OF bota countries
70 SEA COAST DEFENSE
:. 1t Is gratifying to note that we have begun
u attain completed results In the comprehens
e scheme OF sea-coast defense and fortincati
" entered upon eight years ago. large s
y has cen alre8y expended, but tho cost
q maintenance will he inconSiderablc Us &C
n pared with the expense OF construction and
"a dinance. At tho end OF the current calent
s. year the war department will have nine l2.ii
N guns, twenty l0.inch and thirty-four Biz
m guns ready to be mounted on gun-lifts and C
~ riages. and seventy'fve l2'inch mortars. In
sl...